Coal is Hot- Cokal has no revenues but will be producing in 2022The chart shows that Cokal touches the arc over 8 times. This shows that the Arc is in play. Today, right now, it has touched it again. Up up and away. Longby rl2684222
$CKA $CKA.ASX good looking chart$CKA $CKA.ASX good looking chart and it looks might push higherLongby Abbas39Updated 3
$CKA - No idea if discount Block trades are good or bad$CKA - No idea if discount Block trades are good or badby Aquilla0
$CKA - COKAL - Running nicely but can it break resistance?COKAL (CKA:ASX) Its had a good 3 month run including around 70%+ gains but is up against resistance around that 62-64 type mark. RSI has dropped back down to reasonable amounts so hopefully it can break through and continue its run. One to watch. Cokal Limited is an Australia-based exploration and development stage company. The Company is engaged in identification and development of coal within the Central Kalimantan coking coal basin in Indonesia. The Company has joint arrangements to explore for coal in Tanzania. The Company's segments include exploration of coal in Indonesia, Tanzania and Australia. Its tenements in Central Kalimantan, Indonesia include Bumi Barito Mineral (BBM), which covers an area of approximately 15,000 hectares; Tambang Benua Alam Raya (TBAR), which covers an area of approximately 18,850 hectares; Borneo Bara Prima (BBP), which covers an area of approximately 13,000 hectares, and Anugerah Alam Katingan (AAK), which covers an area of approximately 5,000 hectares. Its tenements in West Kalimantan, Indonesia include Silangkop Nusa Raya (SNR), which holds over three exploration licenses in West Kalimantan close to the Malaysian border. The SNR Licenses cover an area of approximately 13,000 hectares.Longby zAngusUpdated 3
ASX:CKA Buy Recommendation The Zebralligator is currently long. Momentum is strong coming out of a dip with very high volume. Looks like an incredible trade opportunity is presenting itself. Longby GrantPeaceUpdated 335
CKA possible breakout tradeCKA has a catalyst coming in the finalisation of a large offtake agreement which should provide the push required to breakout from this tightening range Longby Michaeljob0
Cokal Limited Potential RerateCokal Limited have recently announced a non binding LOI for the sale of 50,000 tonnes of high grade coal per month. The LOI is expected to move over the next few days into a binding agreement which should see the company achieve a valuation based on the project economics The project basics Non binding LOI for A$400m of coal sales at 50k t/month US$126/t assumed price therefore A$164/t (discount to be negotiated for pre payment) 50,000t = A$8.2m/month implied revenue A$98m p.a Margin expected to be around A$40/t, $24 m/year or 3.7cps The companies cash reserves are low however the terms in the LOI are designed with a prepayment of approx $25m to cover the costs involved in mining. Assuming that the deal progresses to binding then the market should begin to value the company based on future revenue. Initial target is 15c which will rely on a binding agreement to be achievedLongby Michaeljob3