Short Term Trading Week Starting: 19th Mar, page-175

STTCOMP CKA, TA LONG

Cokal Limited

SOI - 720 Mil
Cash in hand - last cap raise for small 1.5mil to do over the company until binding offtake is received
Con notes - 300k worth remain to be converted (approx 9 mil) Magna holda around 10mil shares (down from 25.5 mil from Jan 16) which they have been selling everday (15% of daily traded volume) 4c has been tested 3 times and has now been conclusively rejected. Significant build up of volume at 4c

Making of a clear double bottom - whiff of positive news will see this soar. RSI in oversold territory, MACD crossing over. Last Cap raise at 4.5c - gone to sticky hands too.

Unofficial communication from management is pretty positive (but thats what they are paid to do !) so wouldnt post much about it here.


Godd luck and DYOR