Could be several things, Company stated : "discussions which may result in material transaction..."
1. Company is buying further tenements (possible but unlikely as they just completed the last one)
2. Merger agreement with another company resulting in script exchange for COK shares (possible)
3. Large company purchasing major stake in COK (possible but unlikely)
4. Take over offer for COK from other company (possible)
Whilst it is difficult to work out which is the most likely scenario, considering that there was a substantial rise in the SOP yesterday I would envisage that it could have a marked positive outcome on the company. A possible takeover offer or script offer is likely from one of the major players due to COK having such good tenements along the proposed railway line. It is just hoped that the offer is at a substantial premium to the current price if it is an offer.
5.
COK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
