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.
COK Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
