The AFR - Street Talk p18 - carried an article this morning "Wandoan project freeze to hit junior miners"
With the merger between Glencore/Xstrata approved, industry is abuzz that exploration at Wandoan will be put on hold. The pullback will have an impact on COK and SMR as both companies are relying on Wandoan for the "missing link" rail construction. COK has other projects, but is waiting on another piece of delayed infrastructure - 1st stage Wiggins Island Terminal which is running behind schedule.
COK Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held