COK 0.00% 0.0¢ cockatoo coal limited

spaceboyc,There was nothing seriously wrong with the original...

  1. 6,294 Posts.
    lightbulb Created with Sketch. 2496
    spaceboyc,

    There was nothing seriously wrong with the original BFS, so I doubt the new BFS will make a big difference.

    It's not the BFS that's the problem, it's the debt falling due at the same time as a $330M bill for Baralaba expansion, while the SP is at record lows.

    If they can refinance the debt somehow, then at least Baralaba mine can fund them for another 18 months (assuming shoestring admin costs, no exploration and stronger PCI prices).

    Resolve the debt issue. Until then I am out. Trust me, it's not an easy decision to ditch a company I've held for six years. And there is always the chance COK will be taken over, and I'll miss the takeover premium. But at this stage, VWAP +40% would be about 14c...
 
watchlist Created with Sketch. Add COK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.