(MENAFN- ProactiveInvestors - Australia) Brisbane based Cokal (ASX: CKA) said it was not aware of information not announced that could explain the rise from $0.195 to $0.265 from 25 January 2013.
In response to an ASX query, Cokal did say there were positive announcements released by the company in recent weeks including Indonesian Ministry approval for its Forest Utilization Approval permit covering its Borneo Bara Prima metallurgical Coal Project.
That means Cokal can now use large drills to finalise drilling to obtain a maiden JORC compliant resource at the project.
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