Myke, just guessing but I do not propose that a takeover is likely now. The Debt restructuring which I guess will be Platinum, is just another brick in the wall.
We will see on the weekend when the restructuring is announced.
I have been silent on some aspects of the project that detract from the project. However, I would like to be on the record of saying that the project is viable at current coal prices due to cost reductions that have taken place.
A friend of mine that was a country manager for a large company, commented to me that PL (known to both of us) was like a babe in the woods in the Indonesian environment. Those of you that have worked there know that there are unscrupulous characters (all Indonesians) plotting against you all the time. Your employees, your partners are coveting your company.
Cokal has got itself into situation where the Singaporean Chinese have them in a compromising position.
CKA Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
