CKA in trading halt pending confirmation of a debt conversion leaving them 100% debt free. Expected to be subject to finance, and the quarterly (awesome read) states JORC reserve being prepared in coming weeks on two flagship sites. This has been a VA threat for years, and is now being supported by directors who have not raised funds or borrowed money prior to debt conversion and JORC reserve, risking their own funds to support the project rather than giving up equity while it's on its knees.
Read the quarterly and the recent announcement regarding debt conversion. CKA being debt free with two JORC reserves being commission will be a massive opportunity for rerate.
Previous NPV based on one of the two sites alone was $366M, when market conditions were tighter. That was without a license and no JORC reserves. The co is now fully licensed (on BBM) annd has JORC being prepared to enter finance discussions.
TH expected to be lifted today or tomorrow. 10c puts it at $60m market cap based on 600m shares. Last trade 3c making it massively undervalued IMO.
Personal target is 10c within the coming weeks, with the most immediate opportunity likely being coming out of TH with debt conversion confirmed.
