The same familiar talk that others do. You just looked at a...

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mattcatt

733 Posts.

147

23/02/23

15:15

Post #: 66423427
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Originally posted by Trans: ↑

Do some research guys --- maybe read the announcements. They haven't sold any marketing rights. M Resources/Lattimore is joining with ICT in the marketing . They will share the ICT fee -- so this is a great deal for CKA. No extra cost to CKA but get both ICT and the in depth experience and contacts of Lattimore and M Resources . Good deal me thinks.

Also Read the quarterly report and I quote at clause 8.8.2 of the 5B:
"The company is not proposing to raise further cash to fund its current operations . Any funding sought by the company will be to build or acquire new infrastructure to expand operations or to acquire and develop new projects ,including development of TBAR"

Seems to me they have done exactly what they said they would . They don't need any money for current production and logistics. They still have undrawn facilities on their finance facility. This raising is for new infrastructure and new projects to take the transport of coal to 2million tonnes per annum and beyond as the release says.So this is smart getting early and build this infrastructure so we can grow it more quickly. Remember their approvals for BBM are uptown 6 million tonnes per annum.

Can't blame management if you guys fail to read the asx releases

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The same familiar talk that others do. You just looked at a couple of positives and ignored the last 5 odd years of lies and crap talk about targets and money that never got hit. A couple of rights DONT make up for years of wrongs. And believing anything what we are told from this company is just rubbish. Its all just a maybe.

CKA Price at posting: 17.5¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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