you must be kidding? we are far stronger financially than people believe. once we sell off the wiggins island port share we will get an instant kick of about 31 million into the kitty!!
the capex for the expansion of baralaba is nowhere near as high as some pessimistic people are quoting. we have some very strong backing from current management and shareholders and certainly dont believe that a takeover in the medium term is out of the question. if we were to get a major holding on board with us at cockatoo, who is to say we cant further our growth? coking coal would add to our portfolio!
we are making money, PCI coal is generating us a good cash flow and we will significantly increase this next year.
you comment is drastic and lets be honest unjust. like all coal stocks we have been hit however MT and LT we do have a really positive story
COK Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
