Also worth remembering that we received $40M in the last quarter for the sale of 49% of Woori and it didn't even make a dent in the financial statement.
$31M from Wiggins would make even less of a dent. This company needs $300M, not 30.
But I agree with doctornoh, this management has a good track record of making impressive deals with their contacts in Japan and particularly Korea, and the SK deal would have been a great one had it come off. That it didn't was no fault of COK's.
You can bet they are working hard behind the scenes to finalise a replacement. It's just very difficult for them when the SP is trading at a third of the offer price of the failed raising.
COK Price at posting:
18.5¢ Sentiment: None Disclosure: Held