CKA 0.00% 7.3¢ cokal limited

Thats one ugly market depth?, page-7

  1. 23,919 Posts.
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    Spoke with management

    Both CKA and Platinum are and were happy to finalise the debt to royalty swap immediately

    It is the ASX who has required them to call a special meeting in order to vote on it - naturally it will get up, as directors' votes alone with get it through

    28 days between calling and holding the meeting, but you'd expect once it's called they would have the documentation and everything complete, subject to a YES vote to formalise

    Little longer to wait, but it's a massive milestone

    I wouldn't be surprised to see a bid land swiftly after that is finalised, especially given the suspicious trading going on
 
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