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2.25% 8.7¢ cokal limited

Coking coal shoots to 20 month high !, page-76

  1. vontrader
    23,919 Posts.
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    07/09/16
    11:32
    Post #: 18988125
    I'm anticipating a T/O bid around 8-10c

    However, if prior they were to secure production finance at commercial rates, OR update the DFS to reflect new opex/capex figures it will fly IMO

    The only reason it got flogged to these lows was the risk of VA, which has been completely removed since the $15M of debt was written off in exchange for production royalty - so the major holders have backed it going into production in a big way !
    CKA Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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