So saucy and tasty! My hubby only requests this dish these days!

12 chicken drumsticks, skin removed
1 cup honey
1/2 cup soy sauce
1/4 cup ketchup
3 cloves garlic, minced
1 teaspoon dried basil
1/2 teaspoon fresh ground pepper
1/2 teaspoon red pepper flakes (optional for a kick)
2 tablespoons cornstarch
1/4 cup cold water