COK cockatoo coal limited

sk deal fall thru - best thing ever happened

  1. 10,494 Posts.
    Short term pain for long term gain.

    Bought some at 27 cents earlier.

    At 40% ownership by SK, the stock at best will be taken over by the Koreans at 50 cents (no upside). Not unlike some Australian resources companies being raped and pillaged by the Chinese.

    If COK management can find alternative funding perhaps on a less agressive time scale, then COK has a chance to be a true multi-bagger one day.

    It's the only junior that is producing. We definitely need good weather in Queensland this year.

 
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