It’s all well and good to have coal in the ground, it’s being able to extract it commercially that counts
They can’t even produce 10kt per month from Anak after 8 months ! How are they ever going to reach 50kt per month ?
Personally it doesn’t interest me. They’ve cried wolf too many times. Once a time you could buy this around these levels, wait for finance news and sell for easy 30-50%. I don’t envisage the market is going to believe deal #4, not until it’s binding with cash in bank - in other words, CKA can’t hype the stock up anymore with puff news. The market will only rerate this on performance now
CKA Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held
