COK cockatoo coal limited

COK - What does the future hold?, page-3

  1. 6,461 Posts.
    lightbulb Created with Sketch. 2647
    There's a future but shareholders from before the restructure can write off their investment pretty much. It's been diluted out of existence and as Crinumstarter says needs a consolidation.

    As a company going forward COK doesn't actually look too bad, being well funded with a good resource, good offtake deals and good infrastructure to market. Not many juniors can boast that. It's just unfortunate that they over-extended themselves in the boom times and then caught the worst of the bust, so they had to sell the farm to stay alive.

    It's a stark contrast to a company like SIR which managed to catch the eye of the market and become a market darling, which allowed them to raise money at a good price.

    Ultimately this could still be a billion dollar company. But unfortunately the retail holders got properly screwed along the way so they will be starting from scratch.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.