As said it was manahak that KRL moved to 100% ownership thus any coal sales by barge would be all KRL's money
GPK is only 84.82% owned
Page 21 of presentation...could it be this under heading "Proposed Structure"
"KRL targeting >95% stake in Indonesian Public listed company, which allows KRL full legal tenure via PLC. ? Process underway in Indonesia, likely completion early-2011"
SID you are convincing me that if not the above a substantial acquistion could/would be on the books.
Think KRL are positioning themselves as a huge coal producer in Indonesia so I doubt selling anything is on the cards.
Hope you're source is right.
Think they have to move to the Indonesian public listed company scenario quickly, so maybe an announcement as above also that they have acquired a public company in Indonesia.
KRL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
