Psi. The reduced capex requirement is now around $300m. So how about a combination of equity and debt funding for $400m from another party. $100m equity stake based on the Baralaba NPV to pay down the current debt. So about 10% of the project which is fine considering the doubling of the NPV. Then $300m in debt funding to be arranged now but drawn down in tranches as required. Problem solved.
Despite the technical move yesterday, COK is still pointing down. Once we see a close above 19.5c, then COK will be pointing up and the downtrend broken. There's a gap at 30.5c-31.5c
General market conditions do concern a little. However the massive stimulus in Japan, rocketing of the Nikkei, and weak US data last night (more stimulus required), could see a significant lift in commodity prices once stockpiles decrease.
- Forums
- ASX - By Stock
- COK
- goes up by 69% and no one comments !
goes up by 69% and no one comments !, page-14
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COK (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online