do believe that the board are very aware of the dilution factor as they too hold a significant stake in this. in speaking to them on 10+ occasions now in each and every conversation they mentioned this exact thing and getting the best result possible.
an investor will come on board but as you stated i strongly hope we get a fair deal out of it and nothing more.
future looks very bright over the coming years and looking at it overall cok is a very decent coal investment play
peter esho reiterates 'hold' on cok, page-3
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