Hi Lady Penny, do have a good read of CKA. Yes it is in Indonesia, but I see that as a benefit tbh.
Particularly with all the coal protests here.
It has been a hard road to hold on, I did sell out completely at one time at a loss.
But they are now selling, coking coal. It is now looking very promising to me.
It looks as if a takeover could be in the offing.
I have been gradually adding to my shares.
They have a 130km access Rd to the port, which they have built, which is no mean feat. Atm they are using barges on the river while it is high.
But there are several mines which are land locked who I believe will pay handsomely to use this road.
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@ShareJagger he has family there.
He worked for BHP from memory and inspected the mine site some years ago, but they decided that access was too difficult and dropped the project.
As I say, it has been bloody frustrating as the management were always saying, this that and the other was imminent, but never seemed to progress.
Finally I think it looks really promising and I have high hopes.
If you read up on it, or anyone else. I would welcome peoples views.
I am not a financial advisor and please dyor as most of the time, I know not what I do and this could turn into a dog, hope not.
