“He has also indicated they are working on a deal with cornerstone investor to share the upside and downside. If an investor comes in as part of the deal it is logical to assume they would be offered shares at a premium (20-30%)”
Cokal didn’t do the beacon deal, accepted a con note from Magna, didn’t do the renjian deal, can’t close the Japesne deal, yet you think they’ll get a cornerstone to pay a premium ?
It’s now March ... how much coal have they shipped and been paid for since starting last August ?
CKA Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
