CKA 10.0% 11.0¢ cokal limited

@Justhusky There is no problems in Indonesia with respect to...

  1. 23,919 Posts.
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    @Justhusky

    There is no problems in Indonesia with respect to coking coal and pricing, you are misleading people. You didn't even bother to read the article you posted the other day, which had nothing to do with Cokal's coal in the slightest, it is referring to thermal coal ... you still haven't researched it, and are again posting the same line

    Who said the news was "delayed" anyway ?

    They have been mining and barging for 4 weeks now. I know for a fact barges dropped another load off recently, as many of us have contacts who work on the river (care for a photo ?). I wouldn't expect them to arrange to sell anything less than 10,000 tonnes per tranche, which would be their first month of production coming up in 2 days

    Perhaps you should research a little further. You've shown you aren't too clued on by commenting on the market depth in after hours auction ... here's a hint, today you could have sold the stock down to 9.2c on 600k of selling in a single line if you really wanted to, yet punters continued to buy on average 5M+ at a 10c vwap ... Real buyers and market participants do not care about market depth

    That close was either utter stupidity or blatant manipulation

    VWAP for the day 9.9c on 5.7M shares, last trade of the day 9.7c

    Yet 300k is loaded into the auction at 4.09pm to drive it to 9.4c ... someone needed out that quickly, could only put their order in with 1 minute to go ? Pshhhh

    I"m not losing any sleep over the auction
    Last edited by vontrader: 21/09/17
 
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