CKA 4.35% 11.0¢ cokal limited

Good for launch, page-2

  1. 23,919 Posts.
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    Funkman

    I can confirm pegging is done and they have had inspections performed, they are really just waiting for the approval to come through - perhaps Sharejagger can confirm, as he is also a local up there

    The no CR was definitely bought up at the AGM, because I heard from multiple parties (couldn't attend myself). It was reiterated they have no intention of raising money as they have a financing agreement in place pending final approvals

    I personally think we will see financing locked away, perhaps the interest rate dropped down to 10% to get it away and then as $Archer$ mentioned, they seek to refinance it when coal markets rebound, reduce their risk and benefit from the 100M options @ 20c they received as consideration

    When CIMB have a target of 40c+ on this, you can see what Platinum are incentivised to get it off the ground as some of our major shareholders
 
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