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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Coal of Africa | CZA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 43.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 43.50 |
| Top Posts |
|---|
Posted at 28/10/2017 16:57 by boodgewoodge A very decent close but not encouraging enough volume,there seems to be ongoing selling pressure obviated by the large visible shares on offer, why anyone would want to dispose of their holdings in a company that has put their many albatrosses to bed permanently and is harnessing an upward channel is utterly bewildering except ofcourse the pic whom I assume has to raise funds for soe's bailouts and the disposal of their Telekom stake has not been well received so I am of the opinion that they might dispose of smaller under the radar holdings to be able to continue their bailouts without too much fuss , is the pic still a share holder of cza ? The consolidation should be deferred until after the disposal of vele and the successful completion of the second cga unless institutional policy really prevents them from participating in company's with share price at such levels, something I am unaware of ( please assist ) and the board is expecting a flurry of interest and an exponential rise in the share price from zar1000 to zar5000 there is absolutely no benefit to consolidate at these levels |
Posted at 25/10/2017 14:51 by boodgewoodge i don't believe anyone saw this coming , dilution after dilution after dilution with no value accreditation even in the presence of momentous achievements followed by a consolidation ! the chances of a 4-5 x rise in the share price post consolidation is a complete fantasy . the consolidation should have been proposed post achievement of fair valuation which would be easily attained , with such a good past year , by the second acquisition making CZA self sustainable . everything else has been sorted and the other smaller boxes could have ticked themselves. really poor foresight by the board or there is more than meets the eye here , but as it stand Et tu David Brown |
Posted at 17/10/2017 20:11 by boodgewoodge The one day of heavy volume around the middle of september would have coincided roughly with the board approving of the change of makhado to makhado lite. The exitement lasted exactly one trading session with a ttight lid on the upward movement. The sale of mooiplaats, and has that been an albatross, was met with no reaction of the share price or volume of shares changing hands. ANY hint of a rising share price is rapidly snuffed out with a bid being matched even with negligible volume followed by an increasingly large offer at a level just below the previous offer but not matching the equally large bid thereby depressing the price but not disposing of volume which they could , until the bidders take them out .generally sellers have time constraints and the share price would have been substantialy depressed, this share price is just being capped ! Why and by whom? What has happened to the RE RATING of cza that so much hype revolved around becoming a producer let alone all the other accomplishments achieved since RIO's settlement! Something is just not right about this share price |
Posted at 15/10/2017 19:55 by boodgewoodge Extrapolating from DB's last banter that he does not forsee any further share dilution it would seem that the second acquisition would be funded from the proceeds of mooiplaats ( an albatross which if gains full flight on or before the 1st November should most certainly steer the share price in the right direction conversely if there is a delay or if this deal fails cza is a share we'd wish we've never held ) thus being of a similar size to uitkomst which together should be more than adequate to render cza fully self sufficient. Plan B to use the mooiplaats proceeds to help fund makhado then we just stumble on at these pitiful levels and continue drifting lower until the same comes on line hopefully by 2019. Come on Mr DB don't fail us in this final stretch : wrap up the second acquisition, dispose of vele (sensitive location ) , Godspeed with makhado! |
Posted at 11/10/2017 20:06 by boodgewoodge A real positive picture and doesn't sound too much further to fruition, but this share price on the jse and the depth and volume thats on offer creates a scenario of a completely different company than the one DB and the board is steering quite rapidly and remarkably well out of an abyss! Surely they must be concerned of the market cap of their project and know full well the necessity to evoke interest and investment will be more easily achieved with an increasing valuation of their prodigy rather than a dwindling one. To not know who is keeping a lid and continous further devaluation of CZA should be adressed aggressively to keep the long comitted shareholders best interest as their best interest. It's just bloody ridiculous with all the hurdles that we've been waiting to remove tumble out of the way in such sequential and short periods of time dragging the share price down must be a concern to the board. I'd like to know who is responsible for this ongoing supresion of the value of this company |
Posted at 26/9/2017 11:33 by 2bozmo From what I understand Makhado Lite will involve smaller scale project 1.7Mtpa from 5.5Mtpa, reducing CAPEX bill materially and more easily financeable project. It will allow CZA to retain a near 70% holding in the project, with only a US$25m equity raise required to take smaller project into production. Uitkomst numbers were good today but it's earnings won't cover everything - still need to sell Mooiplaats (and Vele?) which will hopefully hear more about Friday. The acquisition of Uitkomst should also benefit us by having the operations team in house, so more internal expertise in making progress with Makhado. |
Posted at 01/9/2017 20:35 by boodgewoodge Looking back over the last eight months it's unfathomable that we're still languishing at this pitiful share price given the way the good news has been constantly churned out over the same period. Just the sale of mooiplaats with hopefully no strings attached such as a partnership or the equivalent, and a second acquisition to adequately cover running expenses and perhaps place CZA in a cash positive position until Mak Lite starts producing should finally position the company to fulfill DB's QUANTUM LEAP promise for CZA ! How much more of a share dilution could be expected for the second acquisition ? Could mooiplaats really have a suitor in the near future who is ever going to have completed their due diligence and have the financial muscle to pick it up for who knows what purpose! Uitkomst better have some broad shoulders and be able to surprise on the upside , an acquisition of sustantial salt to justify another share dilution and the back of Mooiplaats is really overdue with no further kicking that can further down the road |
Posted at 30/8/2017 15:56 by boodgewoodge 2bozmo , the volume today pales in comparison to yesterdays flurry of activity , seemed like something was going to be released in the very near term , and then today .... (well nothing really out of character for CZA ) any reason for the spike in volume yesterday ? |
Posted at 05/7/2017 14:35 by casual47 Quite hard to know what to value CZA at.The massive dilution has curbed a lot of the upside. I doubt we will see 20p any time soon. I think I'll just pip into profit at 6p so I'd be happy with that for starters. |
Posted at 02/7/2017 12:37 by 1kiwi Prior to recent acquisition Peel Hunt had a broker target of 5phxxps://www.brokerfo Interesting to note the previous targets as much as 208p (Obviously prior to copius amounts of dilution) and the unusual coverage from the major investment banks that don't usually cover AIM/Small Caps such as Morgan Stanley, BOAML and JP Mprgan etc. Hopefully the recent acquisition is the turning of a whole new leaf here. |
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