CKA 2.60% 7.9¢ cokal limited

Ann: Top 20 Shareholder List, page-99

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,285 Posts.
    lightbulb Created with Sketch. 1041
    Simple.
    People, me included are impatient and want everything yesterday.
    Well the point really is that by the time it is known what is happening, you’ll want to be already in.

    How can that be justified?
    Easily. Aahana have nearly 20% of company.
    Aahana have expertise in mining and the resources to support Cokal extract its metallurgical Coal.
    Aahana have the network and contacts to assist in an eventual takeover by a bigger company that may want to expand their coal resources.
    Cokal is proven to hold great quality product in their tenements permitted and awaiting permit.

    Whats happening now?
    Arrangements to build a mining team, arrangements to agree on finance to support a scale up to commercial BBM production.

    What is unproven yet?
    -Finance
    - Successful production
    - getting product to customer
    - another company Acquiring Cokal.

    Why has it failed in the past?
    - low coal prices
    - $$ to get going
    - expertise to pull it off

    Why it won’t fail this time around?
    - because the expertise, resources are now there and they have skin in the game.
    - because there is good demand for Cokal’s coal. And repeat the above sentence (expertise, resources are now there and they have skin in the game).

    Why does this not register with the market yet?
    It’s unproven until it’s proven. And it’s still an ASX coal exploration stock. It won’t register until tangible results are achieved.

    All in my opinion of course

 
watchlist Created with Sketch. Add CKA (ASX) to my watchlist
(20min delay)
Last
7.9¢
Change
0.002(2.60%)
Mkt cap ! $85.23M
Open High Low Value Volume
8.1¢ 8.1¢ 7.6¢ $13.40K 174.6K

Buyers (Bids)

No. Vol. Price($)
1 19503 7.7¢
 

Sellers (Offers)

Price($) Vol. No.
8.0¢ 238455 1
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
CKA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.