Chart: Share price over the year to versus ASX200 (XJO)
This coal explorer and producer has agreed on a $313 million placement to South Korean company SK Networks at 53.5 cents a share, a 40 per cent premium to the closing price in early March. A placement of this size will provide COK with sufficient funds for future projects, so it shouldn’t need to raise any further funds in the medium term.
COK Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
