The coal is ready to be picked up as mentioned in the announcement.
All current production is pre sold under Cokal’s arrangements with its offtake partners. There is now sufficient coal stockpiles at the Batu Tuhup Jetty to service shipments to Cokal’s domestic offtake partner PT Sumber Global Energy (SGE). SGE is responsible for sending their barges to Batu Tuhup to collect Cokal’s coal.
At this point in time the delay in receiving payment lies with SGE, not CKA.
There is no reason to think CKA is not adding to the stockpiles, and once the road is operational the rate at which they transport coal to Batu Tuhup will increase. We just need SGE to organize barges.
CKA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
