Moura Line Wash Out

Hello All,

Obligatory context-setting: First-time poster, long-time lurker, long-time COK shareholder

I would be interested in the views of the membership with an understanding of the ASX continuous disclosure requirements in relation to the wash out of the Moura rail line following Cyclone Marcia ?  ( This is the line that COK moves its coal to Gladstone port over ).

Following earlier advisories on the state of the coal rail network following Cyclone Marcia, Aurizon's most recent advisory dated March 2nd states:

The Moura corridor has sustained major infrastructure damage, including extensive erosion at Bell's Creek, near Mt Rainbow (45 kilometres north-east of Biloela).  Aurizon has mobilised all available resources at 20 major repair sites along the corridor, with the program of work expected to be completed by the end of this month.

That is  -  no railings since, what, probably February 20th, if not earlier, through to the end of March ( here we go again ! )

And yet, I cannot sight any mention of this on either COK's website or ASX pages.

I would have thought losing your rail line for 5-6 weeks would be pretty significant.  Aurizon certainly mark their updates on this to the ASX as 'price sensitive'.

This is not private information - Aurizon have it on their website and posted to the ASX.

On the back of the Aurizon announcement, The Australian did a follow up on March 3rd in which they stated:

The other coal mine operator on the Moura Line, Cockatoo Coal, shut down its mine for 48 hours when the cyclone was in the area but has since resumed production.

So COK can give limited commentary to The Australian, but I cannot see a word to the shareholders, or am I missing something ?

I would note that the precedent under the previous executive management was pretty informative with timely updates on these regrettably regular weather events.  So the current execs can hardly say they had no idea this was noteworthy, given past practice of the original team

And even if there is no cash impact from this disruption to rail movements, presumably because Noble or someone else is providing finance secured against coal stocks at the mine, for sure the lender is charging interest and fees, so a material effect even if it mitigates the rail disruption.

Does anyone else find this lack of disclosure odd ( and yes, I realise they have been teasing a pile of money out of the retail shareholders, so maybe they didn't want to cause the poor long-suffering Mums-and-Dads any more anxiety while signing their subscription cheques with shaking hands and tears in their eyes, in which case I think the omission is even worse ).