Coal of Africa Share Discussion Threads

[boodgewoodge] 22/1/2016 10:21

PRODUCTION is the key element in this deal , on the increase for universal and much needed for CoAL , sales unfortunately lagged ....for now

[casual47] 22/1/2016 10:12

It would be wrong to look at this deal as a sum of parts.

There is enough there that is complementary for the deal to enable leveraging each company's strengths and at the same time give an opportunity to get rid of their respective weaknesses and inefficiencies.

[sandman99] 22/1/2016 10:06

see the article :-

[boodgewoodge] 22/1/2016 09:56

hi , what do you mean by "under performing "?

[sandman99] 22/1/2016 09:25

Universal coal underperforming with their Kangala operation, so not good news for the take-over/acquisition. Also there are 507 million shares issued to Universal shareholders and each will receive 1 CZA share (more dilution) plus 20c/share (71 million US dollars).
I hope the take-over does not go ahead.

[2bozmo] 15/1/2016 21:32

Also remember CZA have not agreed to investment, they only responded to what was published by HEI

[2bozmo] 15/1/2016 18:53

I think they only want to invest that to take their ownership up to previous levels, and pay same price as Chinese. However a lot has changed for positive since then and am sure management not want to give it away at cheap price, especially when interest elsewhere. Lots going on, no reason to panic

[boodgewoodge] 15/1/2016 18:21

$5m investment in a rapidly upward mobile company with all the cogs just beginning to synchronize at around 75c ZAR per share requiring share dilution is rather ludicrous ! this would have been worth a second glance if the share price was loitering at around the 22c ZAR level still . 2 questions
1. do we really need $5m at this stage ?
2. if you want that volume of shares should you not have to pay a premium ( 500 ZAR show some confidence ) knowing full well that the bulk of the ground work is done ?

remember the capital required to get Makhado up and running is around $400m . If we're still looking at $5 m offers for anything , then surely we have to ask " have we made any progress ? "

[casual47] 15/1/2016 11:08

I guess there is a reason why the share price is where it is.

[ianio5691] 15/1/2016 10:41

If HEI take up this further $5m subscription, as already announced by them in China, what % of the CZA does this actually give them...?


Will they have enough to launch a takeover?

It would be bitterly disappointing to see someone take us over on the cheap after all we have been through!

[2bozmo] 15/1/2016 09:49

Shame they have all this positive news when China, commodities and stock markets getting pummelled. Our day will come

[sandman99] 15/1/2016 08:04

The constant dilution of shares is surely the problem here. In Jan 2014 there
were 1.05bn shares issued, today that has increased to 1.93bn almost twice as many. This cannot carry on, and shareholders must vote against HEI being issued more shares.

[fenseal3] 15/1/2016 06:46

Hi folks, been watching this for a while now and the mood seems to be changing, wondering with the MC at 46m where do peeps see the share price going to short term...what MC do the long termers here think will be reached, can this get to a 100m NC, cheers thoughts welcome.

[boodgewoodge] 15/1/2016 05:58

right on the button there !!!! the answer lies in the acquisition of Universal

[2bozmo] 14/1/2016 19:51

Very odd today. Looks like there's a distressed seller in London. At one point this morning you could sell JSE at 70 (approx 2.95p) and buy London at 2.50p. I picked up another chunk early on assuming that it would catch up. Makhado IWUL is hugely significant. JSE closed equivalent of 2.85p. Looks a gift at these prices, we should have revenue stream come March, the uncertainty over not one but two IWUL has been removed, have a strategic partner for Makhado, investors waiting to buy in. Is this a takeover target for someone who needs to keep the price down? Surely board won't let HEI add down here? Any ideas anyone?

[ianio5691] 14/1/2016 15:10

Boodgewoodge
what is the missing piece in this puzzle to get coal in a rapidly steady up ward channel ?

Revenue.....! Or at least a confirmed timeline to achieving some.

[boodgewoodge] 14/1/2016 14:26

licenses falling into place , suitors at every turn , environmental auth. for makhado a hats throw away , world wide closure of coal mines abound , lowest ever global coal price for who knows how long , faltering demand , but REALLY what is the missing piece in this puzzle to get coal in a rapidly steady up ward channel ?

[2bozmo] 14/1/2016 10:14

Traded over 1m. Might get interesting soon. Come on Coal!

[a2584728] 14/1/2016 09:22

CZA are building quite a company here.

[2bozmo] 14/1/2016 07:06

Makhado IWUL granted. Get in!

[2bozmo] 13/1/2016 14:46

So this week found out:HEI want to increase their stakeVele water license approved Makhado IWUL, Chinese Investment following MOU and UC takeover soonAll coming together. Fear this gets snapped up before investors see real value

[boodgewoodge] 09/1/2016 09:14

and ESKOM is looking for a new supplier of coal since Exxaro contract has expired

[channel pirate] 09/1/2016 08:02

We might learn a little more at the end of the month as Quarterly Report due end of January. This share has now languished at these low levels for long enough, and I'm sure the big shareholders as well as us pi's would like to see some upward movement in the share price

However, I get the gut feeling that Vele, may just be pushed to one side now that the proposed take over of Universal is on the table, therefore delayed even longer, that is if they do still intend to get it into production.

As said earlier, let's see if we learn a little more from the Quarterly Report.

[casual47] 02/12/2015 14:25

I think it's perhaps too big for one party in the current climate. Taking out the company is one thing, stumping up all the cash needed to propel it forward is another.