CKA 3.30% 8.8¢ cokal limited

On an update front, I think they laid it out pretty plain and...

  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    On an update front, I think they laid it out pretty plain and simple this time. It almost looks like they read this forum, as most of our suggestions seem very apparent in there

    Everything done on Forestry Approval, it is awaiting Indo signature

    Bridge and road, engineering and et al is also complete

    What I dislike is the fact Platinum have been issued 25M options @ 13c. When was this announced ?

    It is only $3m+ at the end of the day, but it was not disclosed, it was hidden in the quarterly. If they convert that to continue funding Cokal then so bet it as the stock is unlikely to ever come out, or at least not for pips, but this looks like it's being setup for a lowball T/O bid

    What a joke management are. If they think this looks like options at a 100% premium to the price then that is insulting, regardless of how small it is
 
watchlist Created with Sketch. Add CKA (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.