Surat resource updates mean next to nothing any more. The best...

Surat resource updates mean next to nothing any more. The best thing to read in that latest ann was the part where they said "this effectively concludes our Surat program until further notice."

It's pretty hard to justify spending any money on Surat which is 5+ years away when COK is in dire financial straits with a heavy debt load and an enormous funding commitment ahead of it.

We know the Surat is a great asset, but COK will sink or swim on Bowen. If Bowen doesn't get up, Surat is going to be sold off at fire sale prices when the administrators wind up the company.

I agree with the last part though. And I've said similar things for months now. If COK board can somehow pull a rabbit out of a hat and get a significant investor on board without ridiculous levels of dilution (heavy levels of dilution are to be expected) then all of a sudden this company looks very good.