COK 0.00% 0.0¢ cockatoo coal limited

is nobody interested?, page-21

  1. 6,333 Posts.
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    It makes me wonder how many of COK's assets are in a similar situation.

    Then maybe you should do some research instead of just 'wondering' - since you supposedly hold shares. Wonbindi and Woori are good to go and I haven't heard any landowner issues from anywhere else. All the Qld projects are slap bang in the middle of mining country so it barely raises and eyebrow.

    Anybody who is a serious COK shareholder would know about the "Shoo Cockatoo" group and the community opposition COK is facing. Apparently you only just realised.

    Hume is definitely high risk from the community opposition point of view, but at the end of the day, it's a state government issue, not local, and right now NSW needs all the royalties it can get.

    I definitely don't think it's fait accompli and COK shareholders must price in the risk, but there's a good chance we'll see state government waffle about "extra environmental safeguards" and "preserving the rural amenity of the area" and then it'll be full steam ahead and watch the royalties flow in.

    Even if it's not allowed to proceed, Hume is well down the development pipeline for COK. If the project can't go ahead it's not critical. It'll be disappointing but it's definitely not worth selling for. COK is worth well over $1 on its Queensland tenements alone, and of the NSW projects, Bylong at least looks like it's going ahead.
 
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