However the company is facing some significant financial risk right now, any logical assessment of our balance sheet, our debt maturity profile and our capex requirements would lead you to that conclusion. Selling our Wiggins Island stage 1 port allocation to pay off our debt (if this is even possible) would be the death knell of this company.
Of course the options are there for management and I have faith they can recover from the failed deal with the SK Cowboys second rate outfit. They have made the deals in the past and Im sure the interest in partnering with COK at the time of the SK deal is still there. But our share price reflects the markets concerns over refinancing risk as well as general market issues.
COK Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
