Maybe 2.5% for the marketing of the coal is fair however the financing that pays us early and ICT bears the interest until payment comes through. So maybe 1% for payment. The rest really a bonus for saving the company.
At an AGM a couple of years ago, Domenic told me that the China Rail deal was the same interest rate for the US$20 million capital. The offtake deal was discount $10. Fair enough, then on the day of contract finalization/signing, China Rail turned up with an altered contract with a $50 discount for offtake. So there and then the contract was terminated and Eddie stepped up to the plate.
Domenic said that at that particular time, it was viable to discount $50 but he concluded (rightly IMO) that any sharp drop in prices would have us producing at a loss.
That whole kerfuffle cost as over a year delay.
So that is a memory from years ago and IMO. Not to be taken as fact.
- Forums
- ASX - By Stock
- Ann: Investor Presentation
Maybe 2.5% for the marketing of the coal is fair however the...
Featured News
Add CKA (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
-0.004(5.41%) |
Mkt cap ! $75.52M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.0¢ | $36.83K | 507.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 122979 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 281040 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 112979 | 0.070 |
1 | 14720 | 0.068 |
1 | 100000 | 0.067 |
1 | 50000 | 0.062 |
1 | 33333 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 100000 | 1 |
0.079 | 12518 | 1 |
0.082 | 82510 | 1 |
0.085 | 174410 | 1 |
0.088 | 120455 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
Featured News
CKA (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Will Souter, CFO
Will Souter
CFO
Previous Video
Next Video
SPONSORED BY The Market Online