CKA 5.41% 7.0¢ cokal limited

Fully agree but my opinion is that CRCC have screwed us around...

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  1. 12,270 Posts.
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    Fully agree but my opinion is that CRCC have screwed us around for near a year. They had an agreement in principle but appear to have come back with further demands. Shades of Rejian, that Cokal showed the door a few years ago.
    Supposedly at the meeting for final signing, Rejian tabled a demand for higher compensation that would have allowed a profit at that time but put the company in danger if coal prices dipped. All in my opinion.
    I have been in such contract agreement meeting with Chinese Government Companies before and each time the same tactic was employed.
 
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