Garpal Gumnut
Ross Island Hotel
- Joined
- 2 January 2006
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Thanks @TLS for keeping us up to speed with CKA.Another update released today ...
A$16m Placement to Accelerate Metallurgical Coal Production at Flagship BBM Project
Key Highlights
▪ A$16m placement to accelerate metallurgical (Coking/PCI) coal production at Cokal’s flagship Bumi Barito Mineral (BBM) project
▪ Placement strongly supported by respected coal industry professional, Matthew Latimore of M Resources ($A5m), as well as prominent domestic and international institutional investors
▪ Funds raised will be used for value enhancing development of the transport infrastructure required to support BBM’s ramp-up of saleable Coking/PCI production capacity to 2.0Mtpa and beyond
More info is included in the release for those interested ...
Once Indonesia gets through its waves of Covid I'm tipping it as another India.
The chart of CKA is interesting. I enclose a weekly over the last 3 years. Now may be a time to get set, or closer to $0.12.
gg