Cougar and Cockatoo have a good working relationship, COK raised $25M late Feb 09 by issuing 35m shares to SK Australia for cash.
SK is Korea's largest,and Asia's fourth largest refiner,and is one of the worlds leading energy and petrochemical companies.
With Asia's push onto our shores,shedding as much US paper as fast as they can..a deal similar to the above could surface to take Cougar forward,if not now, then later.
As far as next announcement goes..fingers crossed.
HM.
CXY Price at posting:
9.1¢ Sentiment: None Disclosure: Held
