Hello Myke Thanks for replying as this is what this forum is about ie offering different views. CKA are attempting to get a coking coal operation up and the coal in QLD I was refering to was coking coal which is used as metallurgical coal for smelting steel. Also major investment institutions make mistakes also when investing funds. They are part of the reason for market crashes. I forgot to mention that possibly the biggest overhang on CKA are the recent changes to Indonesion ownership laws.
Below is a list of share holders, however the top 20 shareholder list will be released in the annual report due out this month.
10/11/2011 Passport Materials Master Fund LP 11.09% 18,623,002
Substantial Shareholder List at 07/09/2011 Dominec Vincent Martino & Sandra Gae Martino 36,513,334 10.74% Patrick Joseph Hanna 25,000,000 7.35% Passport Materials Master Fund LP 17,618,159 5.18% Ekstein & Eksten Investment Pty Ltd 2,630,281 0.77% Peter Anthony Lynch & Laura Anne Lynch 55,000,000 16.17%
CKA Price at posting:
20.0¢ Sentiment: Sell Disclosure: Not Held
