CKA 0.00% 7.3¢ cokal limited

Hi Yarramundi,I too am sometimes getting a little anxious....

  1. MJP
    260 Posts.
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    Hi Yarramundi,

    I too am sometimes getting a little anxious. However I then look at some of the posts and positives and think:

    Do we have a good project? Yes

    Is it large and Long LOM? Yes

    Is capex low? Yes

    Is the future price of the commodity likely to be strong?
    As it is coking coal not thermal coal the majority suggest yes.

    Have management included local stakeholders and Government? Yes.

    Quality Board? Yes.
    Have they got debt funding arranged? Yes

    Are other players interested? Appear to be.
    Are other players likely to give Company away cheaply?
    Don't know - perhaps. But then I think

    Fear/greed - Yes.
    But although company may be worth $1+ longer term even a T/O
    at 30cents is still 50% profit..., 40 cents is 100% So I hold on

    Also Platinum will be reaching there limit sooner rather than later and/or Forrestry Permit might cause the buzz on sp sooner rather than later.

    Just some thoughts.






 
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