Yes Management knew it was going to cost more and they failed to...

First 4 Last

Share
Profile

Follow
tigmeister

14,064 Posts.

140

10/02/15

00:01

Post #: 14725571
Share

Originally posted by Lou222 ↑

Without stating the virtues of the obvious -

Needing some 125 million to finish this project is more than the Mgt of Cockatoo stated late last year, so they were either naive (Eg stupid) or aware and failed to inform the market.

The market movements for coal are not new however COK took two distinct dives that did not correlate with significant shifts in coal price and in fact the Company continued to state positive things to come, when some one within the business must have been aware of the funding issues, however if they were not, they are equally negligent, as per many recent court discussion regarding directors duties and obligations.

And finally but not lease, any company that has to recapitalize and shortly after just 12-18 month prior going to the market for a massive amount of money, is just pathetically run by fools.......

There are no wild allegations there, just plain historical facts, they did raise significant money recently, the market did suspiciously tank twice in recent times, and they did just announce issuing equity like confetti....

Expand

Yes Management knew it was going to cost more and they failed to inform the market.
Australians have borne the real costs this far and management can just give it all away with official Government approval when it's nearly completed.
All part of the Grand Plan.

Last edited by tigmeister: 10/02/15

COK Price at posting: 1.4¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

First 4 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Yes Management knew it was going to cost more and they failed to...

Top Stories

Most investors will get this earnings season wrong. Will you?

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Astute delivers high-grade lithium hits at Red Mountain

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Featured News