COK cockatoo coal limited

As good as can be expected in the circumstances, ie pretty...

  1. 6,464 Posts.
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    As good as can be expected in the circumstances, ie pretty terrible.

    COK is caught in the dilution death spiral. No money, heavy debt, and SP too low to raise significant equity.

    They need to sell off assets, sell down equity in Baralaba expansion, cut spending to an absolute minimum, and use Baralaba mine cashflows to provide money.

    Hard to see how this stock can rise far above 12.5c in the next six months with 150M options hanging over its head.

    Agree with Legume, right now the Koreans are the ones in charge of the COK and we've just got to take it.
 
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