It is somewhat encouraging that the market is starting above TERP level of 0.0028, early days I know but if current retail holders are not selling then flooded pricing at 0.002 might be very interesting to watch. Can't see holders or new investors taking up rights and selling down at 0.001?
All COK needs in coming months is evidence of some reasonable cash flow and bottomed PCI pricing providing potential for recovery in SP; most certainly in my view sensible to take up some rights and then hold, wait and see what happens - remember punters you have to take some reasoned risks to profit in this game!
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