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1.56%

6.3¢ cokal limited

Magna is fast becoming a non issue. In my opinion the have...

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ShareJagger

3,116 Posts.

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19/03/18

16:06

Post #: 31862176
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Originally posted by BarrenBuffett ↑

Not harsh just bemused.

They and the other Japanese are still interested in site visits etc but with no obvious intention of buying the coal. No points for pointing out the obvious that cokal has a long way to go in terms of infrastructure requirements but why bother then from such early stage.

For itochu it is obvious to reduce risk even if they come in later at 10 times the current valuation of cokal it would be a bargain...

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Magna is fast becoming a non issue. In my opinion the have continued to sell their 15% limit on most days. Logical to you and I? Maybe not but that is the model. My calculations indicate they hold between 9 and 12 million shares plus the CN for another 9 million or so.
Give it another month or 2 and they will be a distant nasty memory.

CKA Price at posting: 4.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.3¢		Change -0.001(1.56%)		Mkt cap ! $113.2M

Open	High	Low	Value	Volume
6.3¢	6.3¢	6.3¢	$5.469K	86.80K

Buyers (Bids)

No.	Vol.	Price($)
1	22000	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	6988	2

View Market Depth

No.	Vol.	Price($)
1	448198	0.068
2	350000	0.067
4	442727	0.066
4	575000	0.065
1	200000	0.064

Price($)	Vol.	No.
0.070	84327	2
0.071	386714	2
0.072	133526	2
0.073	275000	2
0.074	150000	1

Last trade - 10.02am 12/12/2024 (20 minute delay)

CKA (ASX) Chart