I'd say most guys contributing to news about agreements and sales are full of it.
CKA have nothing in place, nothing at all! They might be in negotiations, but there is nothing even close. CKA don't have enough product stockpiled nor have any means of getting the product from out of the ground to a barge and down/up a river anyway.
Unless it comes from the ASX officially, it's all smoke and wet farts for now.
As usual, COKAL need to sell some coal and sell it fast, it's as simple as that. We're now in the 3's and it'll shoot lower once the boys start playing games as they trade.
CKA Price at posting:
3.8¢ Sentiment: None Disclosure: Held
