I am still so surprised we are still sitting at $55mil market cap with all the news to date. We are obviously making huge headway and very likely to be producing soon - and the world will be hungry for infrastructure spend and the requirement to use good quality Coking Coal.
Fair enough, in prior years Cokal's development and management has been, well lack lustre - but since we have had new management blood on the scenes, heavy investment \ partnership from Aahana - Cokal is looking hungrier than ever to kick goals.
The prediction is la Nina is on the cards, this could be the perfect storm where we see a massive spike due to Queensland mines being down due to weather, flooding and cyclones.
https://www.argusmedia.com/en/news/2133607-australia-raises-la-nina-weather-event-to-70pc-chance
"Australia has increased the likelihood that a La Nina-type weather event will occur this year to a 70pc probability from a previous 50pc. This raises the prospect that the coal-producing Queensland and New South Wales (NSW) states may receive above average rainfall and increased cyclone activity by the end of this year."
I daresay, we will be in for quite a treat over the next couple of years. My opinion of course. GLTAH...
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Mkt cap ! $118.6M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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1 | 210 | 10.5¢ |
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4 | 243988 | 0.100 |
1 | 120000 | 0.099 |
1 | 5154 | 0.097 |
1 | 7000 | 0.095 |
Price($) | Vol. | No. |
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0.110 | 424999 | 6 |
0.115 | 577525 | 6 |
0.120 | 898055 | 7 |
0.125 | 300000 | 2 |
0.130 | 120000 | 1 |
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