COK 0.00% 0.0¢ cockatoo coal limited

cok target 1 mil

  1. 919 Posts.
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    This is probably a bit shelfish, however I see Cok being manipulated by Hft trading which is pushing a downwards spiral on the share price due to the fact the closer it gets to 28June, the more the price will be pushedcdown.
    I am buying more and my target is 1 mil. Yes itvis a risk, but there are many factors ignored by the bots.
    Management, none have sold and they are very competent. I k ow them from Bsg.
    Aseett. It is a producing mine.
    Major shareholders have not sold.
    So what is the issue, its the debt, and that is where everyone has got their nickers in a knot. Everyone is so fearful that the debt will not be resolved and that is where they are panicking.
    I expect the price to gradually decline until close to 28 Jun when the announcement re debt will be made, i expect that it will be very favourable and many will be kicking themselves for not taking advantage of the current opportunity.
    Daytraders and bots are currently influencing the shareprice. One way to reduce this is to buy more, hold and take stock of the market.

 
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Currently unlisted public company.

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