Short Term Trading Week Starting: 4 Sept, page-285

STTCOMP CKA, FA LONG

First time posting on the short term thread... appreciate the sharing of info and everyone's efforts.

Cokal "CKA" operating out of Indonesia started shipping their premium PCI coal in barges on August 19th and are stockpiling whilst negotiating on price with numerous buyers.

Completion of its initial evaluation study based on the Valmin Code for its current Indonesian Assets estimated a value of US$127 million for CKA's share in each of the projects.

This was based on prices of;

US$128/tonne for coking coal which is currently fetching well over US$200/tonne
US$90/tonne for PCI coal which is currently fetching US$127.50

Current market cap of $44million and an evaluation of $127million with the conservative figures taken from Valmin report looks like confirmation of sales will take this higher very soon.