Coal of Africa Share Discussion Threads

[boodgewoodge] 15/6/2016 07:16

heading into the final stretch whereby CoAL is catapulted into the junior coal PRODUCERS sector and a share price adjustment to follow , on the flip side to test the last 36 month average if the UC project is not coalarized this time . now we all know where the clever money is going to be on this one !!!

[casual47] 09/6/2016 16:26

Bumpy ride. 20% down from peak earlier this week.

[tom111] 07/6/2016 20:18

Thanks for your informative reply 2 bozmo

[2bozmo] 07/6/2016 19:52

Tom, the license was granted previously despite the drought. Unfortunately under South African law if anyone appeals against it then the license is suspended until the appeal is heard. The company knew this was coming as this environmental group complain against everything despite CoAL doing a huge amount for the local community etc etc. The company is confident that the suspension of the water license will be overturned. I asked how long this would take when the suspension came in, and they expected 6-months. Obviously this is South Africa, it may take longer and they have to deal with the regulations which they are governed by. Recent water licenses have been awarded despite the drought so I'm not overly concerned.

[tom111] 07/6/2016 19:20

SP would be very much higher imo with the licence I think u maybe taking it for granted which would imo be a mistake the drought situation seems to be bad out there

[boodgewoodge] 07/6/2016 15:51

its in the pipeline !!!

[tom111] 07/6/2016 13:12

can someone enlighten me about the situation with the water license which has been suspended subject to an appeal.I know there is or has been a drought over there which is causing serious problems.

[boodgewoodge] 07/6/2016 12:30

once CoAL is generating an income , the movement of it's share price is going to make the movement of NASPERS phenomenal rise to a trillion rand valued company on the JSE pale in comparison ( the rapid rise of the share price ,not the actual worth of the company )

[casual47] 07/6/2016 12:29

The past chart hasn't given much cause to happiness for those who don't trade...

But....seeing as last year's placings happened at 5.5 pence I would say that is a pretty good "bottom support" going forward, assuming all goes smoothly and there are no external factors.

[keya5000] 07/6/2016 12:25

I was pulling your leg. You do seem a tag negative.

[casual47] 07/6/2016 12:18

I'm a holder. Anything particularly derampy about any of my posts? Feel free to counter.

[keya5000] 07/6/2016 12:15

are you a casual deramper casual?

[casual47] 07/6/2016 12:09

Most of the major dilution already happened of course. Since 2014 the shares in issue have doubled. So when looking at old charts it's good to keep that in mind.

[2bozmo] 07/6/2016 11:42

They've issued shares to finance UC deal but no further dilution coming. We have 114m for Makhado etc etc and with takeover complete we have production of 3.8mt. Thereby cash generating asset while we get Makhado up to production and 5.9mt capacity.

[casual47] 07/6/2016 10:37

Dilution will limit longer term upside (spike may occur because rampers)

I expect any sustained rise will only be on the back of results.

Results will take some time to transpire.

[boodgewoodge] 07/6/2016 09:57

CoAL only needs an income producing asset until the Makhado project is self sustaining and that's were the true value of UC lies

[lw425] 07/6/2016 09:42

UNV is capped on the asx at about 50m sterling

CZA now capped at 106m ish

so based on the existing amount of shares in issue the implied uplift to cza is about 2p a share?

surely that has already occurred since 2p?

also cza shareholders are not getting UNV for free, you are being diluted to pay for it

on the lse forum poster are talking about 10p+

but why should a company valued 50m sterling suddenly have an implied value of 300m+ just because cza own it?

[nina65] 07/6/2016 08:42

It goes up with nearly every single buy,break out is imminent...

[keya5000] 07/6/2016 08:36

Looking good. Break out nearly in full play. Close above here and it's game on.

[effiert] 07/6/2016 08:09

Just took a load more. No brainer of a bagger at least from here

[sophisticatedtrader] 07/6/2016 08:08

Opened it down ... straight back to level! Onwards and upwards now as deal could land anytime now upto the 24th .. imvho :-))

[benny67] 07/6/2016 08:05

Crazy as it is,

cdi holders in UNV can buy UNV at 19. 5 cents and sell them in to the takeover for 20 cents and receive a fee CZA share for every UNV cdi they have, thats almost a 50 per cent arb for a couple of weeks., is been available every day this week on the Australian market.

[mr roper] 07/6/2016 07:36

all on track for the 24th then. 10 working days to go.

[boodgewoodge] 06/6/2016 09:57

once the UC deal is concluded in our favor there should be no reason for the share price to retrace

[mr roper] 06/6/2016 09:45

starting to look very interesting now...