dfs - onto a winner, page-15

IMO they are happy to soak anything under 28c (previous takeover bid) for as long as they can until the Forestry Approvals comes in - that then is when I expect several parties to start gunning for stock.

whatever

Platinum's average price is 17.1381 cents

CKA will have $2.4m in bank by 31/3/14 and they must keep running this expensive ship

I would image they need another $20m for working capital and Platinum would be happy to place that at 20 cents a share

would make 600m shares on issue at least when mining

although coking coal is currently $130/t, CKA's forecast of $155/t at 85 cent exchange would bring them 6.5 cents EPS

PE x 9 = 58 cent target

next raising, imo, is 20 cents, which will give investors a 200% gain

that said, coal is not $155/t atm