Options repriced to 13c! Read the Quarterly, page-8

Add up Platinum, Blumont and directors stakes and I think you come to about 50% or more (I will check later)

Add in Blackrock's line which I guess someone will get, and you see they only have to take out remaining 30-40% of the register

Now I heard last year the plan was to take this over at some stage and relist in Singapore, and the options suggest it could be in effect. Platinum don't want to own Cokal, they want to flip it to make profit. What better way then T/O, clean it up, wait 6 months and list in Singapore with bank finance and approvals and at a multiple of current price - shoe certainly fits

Also would allow Blumont to exit their line (if that's their plan) and Platinum to sell into listing and retain options etc

Just a guess, but it looks that way now and managements silence would only assist such a move