CKA 8.64% 8.8¢ cokal limited

Coking Coal Jumps, page-4

  1. 23,919 Posts.
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    Well Platinum and et, al no longer have any incentive to potentially manipulate it and hold it down

    They have closed their main fund, and will need to start selling assets in 2017 for redemptions

    Their Cokal is escrowed for 2 years, so they have to source a T/O for us

    The fact they are closing the fund makes it very unlikely we will get construction funding from them which is good, because the last one they offered was extortionate

    If Cokal can fund the $75M at any reasonable and commercial rates, then this is a multibagger from here IMO

    I agree @ShareJagger, the coal environment, especially for coking coal is looking bullish. If it gets back to that $125-140/t mark, this thing should put on points

    Better 5 years late than never lol !
 
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