i believe the market is in panic mode over a number of things..
with COK its due to a number of factors
-SK deal that fell through (believe was a positive LT) -Coal price (we mainly sell PCI which is still selling at a good price) -Day traders (looking to get in and out playing with price)
i talked to management 2 weeks ago... they are working on the BFS due Q3, they have had significant interest and i assure you he wouldn’t buy 500k worth for no reason
its simply ST pain for LT success!
were ramping up in 2013 and beyond and that’s why im in this stock, LT! its not an exploration stock its making profits and looking to ramp up significantly.
the fact that were a takeover target potentially is a massive bonus. at these levels i wouldn’t be surprised if a knock came on the door at all! our coal is of quality unlike the Indonesians and we have had a number of approvals made to certify our future... we will get out of this, book value alone at these levels with current coal prices has been quoted in high 20's
COK Price at posting:
18.5¢ Sentiment: LT Buy Disclosure: Held
