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Why would they do another cap raising when they already have...

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OneEye

467 Posts.

12

05/09/14

16:24

Post #: 13932149
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Originally posted by goldbear77 ↑

Id expect another capital raising or two will be required before this stock gets to the 'right side' of the baralaba expansion - with 3.5mt capacity in place and money spent - and a rising coal price.

so my approach is to maintain a (v) light exposure but keep money aside against a share purchase plan some time in next 12 months - as buying into a raising is probably the best way to get in at the right time and at less risk.

hcc coal price has reverted to faling after a very brief rise a few weeks back - so all the coal stocks are likely to see further softness in the sp - though whc may defy that trend on speculation its a strategic target.

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Why would they do another cap raising when they already have cash in the bank?
Takeover is more appealing.

COK Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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