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4.11%

7.6¢ cokal limited

The Sounds of Accumulation, page-72

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ACEMINER

2,206 Posts.

490

10/08/21

10:55

Post #: 55164230
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Originally posted by Manegarda: ↑

I think a lot of people are looking at current valuations based on sky high coal prices and getting greedy. I think everyone here is aware that prices are they way they are due to the unique political landscape, coal bans and general China shenanigans. These are expected to be transitory in nature so coming up with $1.5 Bn valuations and the sort is unrealistic for life of mine as is. I would absolutely love Cokal price to hit $1.90 but the chances of this are asymmetrically unlikely over the long term.

if you’re here for the long run, you’re buying a long run business. Value it as such. And whilst we all have valuations higher than current market cap and thus, we’re all in good stead with our parcels of shares, setting such lofty expectations is a recipe for disappointment.

Price action looks fantastic. A good time to be a holder

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I am not sure that the China Aussie Coal ban is transitory. It will be in place for many years as CCP is belligerent and will maintain it in an attempt to develop North American supply chains. Whatever they do North American supply chains have much higher CFR costs resetting the CFR price into China. This will go on for years pissing out cash for CKA for the forseeable future

CKA Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.6¢		Change 0.003(4.11%)		Mkt cap ! $79.84M

Open	High	Low	Value	Volume
7.2¢	7.6¢	7.2¢	$26.94K	365.1K

Buyers (Bids)

No.	Vol.	Price($)
1	1615	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.4¢	3997	1

View Market Depth

No.	Vol.	Price($)
1	1615	0.073
1	70977	0.072
1	250000	0.071
2	85000	0.070
1	25000	0.069

Price($)	Vol.	No.
0.074	3997	1
0.075	50000	1
0.076	666230	1
0.085	2083	1
0.087	14207	1

Last trade - 14.28pm 11/09/2024 (20 minute delay)

CKA (ASX) Chart