Its clear from todays release that Platinum are going to take control of Cokal. They are accepting 100m option at 20c which could be offset against their debt. They keep funding the project so they are fully focussed on making it happen. If anyone is interested call the Portfolio Manager at Platinum from substantial notice 3/31/14 Mark Wise and see what there intentions are. The assumption is funding is in place as why would like take 15m options now at 20c ( 30% above market ) The price is here for a reason so that everything can be put in place before the changes start.
CKA is a long term play not intraday trading. Traders need to go elsewhere.
CKA Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
