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COKAL LIMITED(CKA)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
COKAL LIMITED24/02/2011
ALTERA RESOURCES LIMITED28/11/200724/02/2011
ALTERA CAPITAL LIMITED08/07/200328/11/2007
BIGSHOP.COM.AU LIMITED08/07/2003

Shareholder links

Our website ranking of CKA: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Advanced Share Registry Services, 110 Stirling Hwy, Nedlands WA 6009

Tel : +61 8 9389 8033
Fax : +61 8 9262 3723
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000CKA8
Address: Level 5, 56 Pitt Street, Sydney NSW 2000
Tel:  +61 2 8823 3179 Fax: +61 2 8823 3188

Date first listed: 17/04/2000
Company Secretary: Yuan Yuan, Louisa Martino
Sector: Materials Industry Group: XMJ
Activities: Coal Exploration

News & Events

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The securities of Cokal Limited will be reinstated to Official Quotation as from the commencement of trading on Thursday, 3 October 2019 following lodgement of its Annual Report for the year(s) ended 30 June 2019.

02/10/2019

The company lodges its Annual Report.

02/10/2019

The company releases its Appendix 4G and Corporate Governance Statement.

02/10/2019

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date.

01/10/2019

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following the release by CKA of an announcement regarding completion of investigations into financial irregularities and an update on funding.

28/11/2018

The company provides a progress report on BMA due diligence and fundinng. Two BMA Group drilling rigs have arrived on site at the BBM Project and the BMA Group are preparing to commence a 2,000 metre drilling program. The main purpose of the drilling program is to fulfil the due diligence requirements of the BMA Group and to prepare the plan for the mining of coal. Cokal will have a geologist attending each of the drilling rigs at all times to ensure the quality of the drill core recovery meets the requirements of the JORC Code. The BMA Group is providing USD500,000 per month as previously announced. The BMA Group and Cokal have now signed an agreement that these advanced funds will be repayable from a share of future coal sales.

28/11/2018

The company has completed its investigations into the financial irregularities and fraudulent activity referred to in its announcements of 26 October 2018 and 12 November 2018. In relation to the funding, overall, it is noted that the rate and timing of a portion of the expenditure for the quarter is within the Company's control and funds will not be disbursed or committed until sufficient capital is available. The Company confirms that it has every expectation that funds will be raised to continue its operations and to meet its objectives.

28/11/2018

The company lodges its Annual Report.

12/11/2018

The Board apologises for the lengthy delay in completing the Company's 2018 Annual Report, thus causing a prolonged period of suspension of the Company's shares. During the audit of the 2018 Annual Report, the Board was made aware of financial irregularities and fraudulent activity which impacted the Company's financial statements for the year ended 30 June 2018. This matter will be finalised in the next few weeks, and announcements will be made on ASX accordingly. The Annual Report has been sent to those shareholders who have requested a copy.

12/11/2018

The company releases its Appendix 4G and Corporate Governance Statement.

12/11/2018

The company lodges its Quarterly Cashflow Report.

07/11/2018

The company lodges its Quarterly Activities Report.

01/11/2018

The company is currently in discussion with the Platinum Entities concerning the conversion of the debt owing by the Company into a production royalty. To the extent the Company is able to, subject to regulatory requirements, 37.5 million Existing Platinum Options will be cancelled. The cancellation of these options is not conditional on the issue of the New Platinum Options. This proposed transaction will ensure that the Company will meet its commitments as to production under the Debt Restructure Transaction in line with its current financing and production start-up options. The Company advises that it has received a further USD500,000 from BMA Group under the Key Principles of Agreement announced on 21 September 2018, bringing the total received to date to USD1,500,000. As announced on 26 October 2018, the Convertible Notes held by MEF I, L.P. are to be repaid in cash, not converted to shares. The Company confirms repayment of the total amount of USD186,251 has occurred.

31/10/2018

The company releases a notice of AGM and explanatory memorandum. The meeting will be held on Friday, 30 November 2018 at 11.00am (AEDT) at Level 5, 56 Pitt Street, Sydney NSW 2000.

31/10/2018

Sojitz issues LOI to market BBM Coal initially for the supply of PCI Coal, subsequently for the supply of coking coal. Sojitz has customers in Japan, Korea, India, China and Vietnam. Although LOI is non-binding, Sojitz have commenced marketing BBM Coal.

26/10/2018

The balance of the convertible notes held by MEF I, L.P. will be repaid in cash, not converted to shares. In October 2017, Cokal entered into a Convertible Note Agreement with Magna. The Company advises that Magna will not be converting the remaining 147,234 Convertible Notes and that the Company has agreed to repay the Convertible Notes outstanding, totalling USD186,251. Recently, Cokal has paid AUD50,000, leaving a balance of approximately AUD210,491 to be paid by the Company in the near future.

26/10/2018

The board has been made aware of possible financial irregularities and fraudulent activity which have impacted the Company's financial statements for the year ended 30 June 2018. The Board is currently investigating the irregularities and activities which concern the Company's Chief Financial Officer and seven employees having received monies from a supplier of barging services to the Company in Indonesia. The employees have notified the Board that they have received money from the supplier totalling approximately $150,000. In addition, the Company has allegedly been charged for services not incurred and/or charged non-arm's length amounts for services provided by that supplier. Further investigation is taking place. Once the Company has concluded its investigations into the above matters, it will take appropriate measures in respect of the Chief Financial Officer and the relevant employees.

26/10/2018

The company has resolved to close its Cleansing Prospectus dated 24 September 2018. Consequently the Company has revised the Closing Date for the Cleansing Prospectus from 26 October 2018 to 22 October 2018.

22/10/2018

The company is proceeding with finalisation of its Annual Report. Limited staff resources have caused delays as the Company has been operating on a lean financial basis. The Company and its auditor, Ernst & Young expect the audited report to be lodged during the week commencing 22 October 2018.

15/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following receipt of an announcement.

11/12/2017

The company announces the terms negotiated to provide 2.5 million tonnes of coal through an off-take agreement. There's also the sale of 10,000 tonnes of BBM Anak coal at USD96.60 per tonne. The final two tranches under the Magna Convertible Note Agreement will not be drawn.

11/12/2017

The company provides notice that on 4 December 2017 the company issued 17,250,055 Fully Paid Ordinary Shares. This notice is being given under section 708A(5)(e) of the Corporations Act

11/12/2017

The securities of Cokal Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a coal off-take financing arrangement.

01/12/2017

The suspension of trading in the securities of Cokal Limited will be lifted immediately, following receipt of an announcement regarding corporate funding strategies. Security Code: CKA

15/01/2016

The Company provides the following update on the three corporate funding strategies being pursued by the Board: offer by Cakra; merger proposal with ASX listed company; and financing IPO China. Since the exclusive negotiation period with PT Cakra Mineral Tbk (Cakra) ended Cokal has been actively engaged in pursuing a number of alternative financing opportunities. While discussions with Cakra are continuing two other alternatives transaction proposals have been received which are being actively developed.

15/01/2016

The company requests for continuation of suspension of its securities from quotation from the commencement of trading on Monday 11 January 2016 until the earlier of the commencement of trading on Friday 15 January 2016 or an announcement is made.

12/01/2016

The company's securities have been previously suspended from quotation until 30 November 2015. It is not yet in a position to make an announcement regarding a clarification by PT Cakra Mineral Tbk of its intention to make a further takeover offer to acquire all shares of the company. The company advises a continuation of the suspension from the commencement of trading on Monday 30 November 2015 until the earlier of the commencement of trading on Monday 11 January 2016 or an announcement is made.

30/11/2015

Notice is hereby given, in accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act 2001 (Cth) that at the Annual General Meeting (AGM) of the Company held today that the resolutions as set out were passed by a show of hands without amendment

16/11/2015

The company advises a continuation of the suspension of the company's securities from quotation from the commencement of trading on Monday 16 November 2015 until the earlier of the commencement of trading on Monday 30 November 2015 or an announcement is made.

16/11/2015

The securities of Cokal Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: CKA

04/11/2015

name changed from Altera Resources Limited

24/02/2011
OFX Transferring Money Internationally to Free

 

Click here for free access to this company's:
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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    21/08/2020Patrick Hanna-345,000$0.059$20,243
    16/07/2020Patrick Hanna-555,000$0.044$24,280
    08/11/2013Peter Lynch160,519$0.179$28,768
    04/11/2013Peter Lynch194,481$0.180$35,007
    10/05/2013Peter Lynch113,000$0.180$20,340

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Domenic MartinoNon Exec Chairman24/12/2010
    Teuku JuliansyahCFO24/06/2016
    Karan BangurNon Exec Director10/04/2019
    David DelbridgeNon Exec Director17/03/2020
    Duncan CornishAdministrator24/12/2010

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Patrick HannaExecutive Director24/12/201026/11/2020
    Garry KielenstynExecutive Director, COO24/06/201621/08/2019
    Peter LynchNon Exec Chairman24/12/201026/01/2017
    Moosa FenseCFO01/09/201524/06/2016
    Agus WidjojoNon Exec Director13/08/201310/05/2016
    Victor KussCFO18/05/201201/09/2015
    James MiddletonManaging Director, CEO24/12/201002/05/2013
    Bradley Abbott08/08/200625/12/2010
    Harjinder Kehal08/08/200625/12/2010
    Jeremy ShervingtonDirector08/08/200625/12/2010
    Nicholas ArchibaldDirector01/12/200928/08/2010
    Andrew RuleExecutive Director08/08/200619/11/2009
    Simon CatoNon Exec Director08/01/200410/08/2006
    William JohnsonNon Exec Director18/10/200510/08/2006
    Farooq KhanNon Exec Director26/11/200102/06/2006
    Brian M. SmithNon Exec Director09/11/200110/01/2004
    Brett McKeonNon Exec Director09/11/200103/07/2002
    Michael BreretonChairman17/04/200011/11/2001
    Charles MortonNon Exec Director17/04/200011/11/2001
    Gary BergelNon Exec Director17/04/200011/11/2001

    Date of first appointment, title may have changed.