CKA 5.41% 7.0¢ cokal limited

Ann: Cleansing Prospectus, page-72

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  1. 7,501 Posts.
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    IMO, BMA is working closely for Aahana; hence its drilling program to qualify CKA's resource prior to an Aahana buyout.

    IMO, the post buyout will look like:

    Aahana: will own all of CKA
    *BMA: will own the Indonesian tenement shareholdings, mining, barging and coal marketing contracts.

    Like peas in a pod ...eh?

    *Since BMA is Indonesian , it will likely own 51% of the lot after 9 years under the Indonesian COW divestment program
    Keep in mind that the 10 year COW on BBX was triggered over a year ago when CKA mined and sold coal.

    All IMO only.
 
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