COK cockatoo coal limited

Chart suggests it is all over...SP suggests it is all...

  1. 164 Posts.
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    Chart suggests it is all over...
    SP suggests it is all over...
    Volume doesn't as yet, but very hard to base any judgement on volume considering it has never traded anywhere near this price...
    Debt is $120 million...
    Current mine only has 2 years left at current rates...
    COK needs $400 million to pay off debt and fund expansion @ 80% ownership...
    Obtaining capital is extremely difficult atm...


    Current mine is cash flow positive - even at current PCI prices (more importantly a majority of miners are not!)...
    Mgmt are experienced and have proven track records...
    Baralaba expansion is a world class low-cost PCI mine ($95/t) with 20 year mine life at 3.5mtpa...
    Infrastructure is secured (port, etc)...
    Other assets (mainly Surat Basin) have huge potential (thermal) but limited until infrastructure is built...(will be hard to sell atm)...

    Would appreciate anyone else's opinion (holding or not).

    P.S. At this stage, I bought way too many!
 
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Currently unlisted public company.

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