Surat Basin delay has been done to death on these forums and expected by most holders.
In any case when i bought into COK Surat was a kicker, the main game has always been the PCI coal of the Bowen Basin and we all know they need cash to 1) pay back the KEB facility and 2) undertake the Baralba expansion.
To date there has not been any development on these two fronts despite their being much conjecture as to potential equity sell downs in the project, longer term project debt or an equity raising to a cornerstone investor or to the market generally.
The market has priced in our projects never ever going ahead and so until management get a deal done after the SK Networks dissapointment I cant see the SP moving much at all.
COK Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
