Ive got an inkling who reports the posts as unsubstantiated posts and it is not the usual suspect.
I was told more stuff whcih may or may not materialize and if I post it here it would be reported again so I wont.
However the gist of my discussion was in terms of further investment in cka with the backdrop of my already invested capital at higher prices than current
1. Investing more is not sensible due to portfolio imbalance even though it would bring my avg price down
2. Holding - the upside outweighs the risk of SP retreating further (The deal in any form "should" propel SP forward)
3. Buy on further news - that would be the best suggestion for new money because even though you may miss out on the uplift due to the deal - the corresponding development of coking coal mine and reserve expansion (for which the initial investment may be used) should serve as a catalyst for sustained market cap growth.
Do not expect significant dilution as well. Dominic is working hard to make sure the offtaker has skin in the game OR the terms would be significantly different "apparently"
My musings have been wrong before and I dont know how much this latest deal would be good for the immediate future so please DYOR
CKA Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
