logistics

Dear All.

My first HC post. I am holding about $60k of CKA currently.
I have this holding more as a punt but to be honest I have some concern over the logistics and welcome comment from anyone else.

The upper Barito region of Kalimantan is full of proven Coking Coal properties. CKA is not unique. The problem is they are all land-locked as the Barito river is very tight-bending and shallow (VERY SHALLOW).

I am not confident that they will be successful in just partnering with an established barging company and using a Mississippi style barging configuration.

To me there may be a short term play on the current market value and they drill it all they want but a simple test would be to take a 2 metre draft barge full laden up the water ways in the dry season and see how they go.

Otherwise a great company and management.

Please CKA prove me wrong!