Short Term Trading Week Starting: 20 May, page-64

STTCOMP CKA FA LONG
Current SP 0.058
Current MCAP $47m
Cash on hand $500k ish

Coking Coal miner in Kalimantan, Indonesia.
Been trying for a long time to get any deals off the ground. Got close in 2017 before death spiral credit notes slammed it into the ground.
Aahana (AGRI) bought all shares out of CKA debt holder PLATINUM (in receivership), unknown buyer purchased all PLATINUM's options.
Indonesian local BMA been doing due diligence and paid $2M to be repaid in coal sales. Have gone quiet, but are not a listed company, not obliged to inform market or anything.
AGRI has 1 seat on CKA board with a second seat to be named as part of a funding arrangement yet to be finalised.
Latest top20 shows #11 Ms Kwai Lin Chin, who wasn't on the last top20 released last year. Ms Kwai Lin Chin was on the BOD of KRL:ASX before they got bought out by PT BAYAN at what 5x premium to last traded price? KRL was also an Indonesian coking coal miner.

All approvals in place, just waiting on low draft barges and money to dig. Possibility of AGRI or BMA funding the dig and be repaid in coal sales, this is part of the unknown atm.

Something fishy going on here, SP is quite beaten down again and I think the next few weeks will see it kick up.

First tip, hopefully it's right.