short term trading week starting - 12th may, page-60

CKA

Capped at $66M

Has $100M financing deal on the table, first tranche of $3.5M received already - balance conditional upon Forestry Approval

Platinum Hedge Fund (who are financing the $100M), have bought 14% or $14M+ worth of scrip on market

Board is currently in Indonesia - hopefully getting the final Forestry Approval. Guy on the thread who is local reckons it is due any day, no further hold ups

Have a look at today's substantial holder notices - shows Platinum may have caught on to their custodian shorting and requested the stock back

Outstanding figure is 7M yet to be returned. Stacks up with that 3-5M+ short figure being bandied around

So potentially Forestry Approval next week given board in Indonesia, Financing deal and this shorter possibly having to cover ?

See if they can squeeze tomorrow