The debt was overdue and payable for the last 2 years ...
Platinum have been in liquidation for 6+ months
Let that sink in now ...
Do you think someone just woke up and realised this in October/November ?
The stock rallied from 1.4c to 7c+ on lead up to DFS, which reported excellent figures
They advise they have T/O offers and finance, the stock is immediately worked back to 1.4c low
The volume can only be from a substantial holder, none are reporting. CKA have advised the ASX and are seeking an investigation
If you don't think that is suspicious, good for you. I've seen this happen identically prior to the CAKRA bid. Back then, coal was $100/t, the stock was unlicensed and the debt was overdue
Now coal is $200/t+, fully licensed and debt being converted to a royalty
Yet you think it will go to a <$6M market cap, due to debt they can likely settle for US$3-5M, or convert to a royalty ?
Anyone who judges a stock based on market depth is a lemming
CKA Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
