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Cokal Limited (ASX:CKA)

ALERT: Price-sensitive ASX Announcement for CKA
Current share price for CKA : $0.050 -0.013 (-20.63%)+
Announcement
Release
30 Apr 2026 9:54AM
Price at Release
$0.063
Full Release
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Summary
Cokal Limited's quarterly activities report for the period ending March 2026 highlights various financial and operational updates. The company reported net cash outflows from operating activities of USD 2.238 million and faced challenges such as delays in regulatory approvals and increased fuel prices affecting their coal sales and shipment operations. Despite these challenges, the company managed to secure financing facilities and had USD 168k in cash with additional undrawn facilities by the end of the quarter. Cokal is actively managing its mining operations, particularly at the Bumi Barito Mineral (BBM) project, along with infrastructural developments to support long-term growth.
Key Points
  • Net cash outflows from operating activities were USD 2.238 million.
  • Cokal faced delays in regulatory approvals and increased fuel prices.
  • The company completed one coal sales shipment in March 2026.
  • Cash and cash equivalents at the end of the quarter were USD 168k.
  • Cokal had additional undrawn financing facilities of USD 1.75 million.
  • BBM project experienced reduced mining activity due to external factors.
  • Cokal is working on infrastructure upgrades to facilitate coal transportation.
  • The company secured loan facilities totaling USD 8.9 million from Indonesian banks.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.