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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Coal of Africa | LSE:CZA | London | Ordinary Share | AU000000CZA6 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 43.50 | 42.00 | 45.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCZA
RNS Number : 6576D
Coal of Africa Limited
28 April 2017
+Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16
Name of entity ------------------------------------------- Coal of Africa Limited ------------------------------------------- ABN Quarter ended ("current quarter") --------------- ------------------------ 98 008 905 388 31 March 2017 --------------- ------------------------ Consolidated statement Current quarter Year to date of cash flows $USD'000 9 months) $USD'000 --------------------------------------- ---------------- ------------- 1. Cash flows from operating activities 1.1 Receipts from customers 95 286 1.2 Payments for (a) exploration & evaluation - - (b) development - - (c) production - - (d) staff costs (755) (2,500) (e) administration and corporate costs (1,400) (6,311) 1.3 Dividends received - - (see note 3) 1.4 Interest received 28 107 1.5 Interest and other - - costs of finance paid 1.6 Income taxes paid - - 1.7 Research and development - - refunds 1.8 Other (provide details - - if material) ---------------- ------------- Net cash from / (used 1.9 in) operating activities (2,032) (8, 418) ----- -------------------------------- ---------------- ------------- 2. Cash flows from investing activities 2.1 Payments to acquire: (a) property, plant and equipment - - (b) tenements (see - - item 10) (c) investments (343) (1613) (d) other non-current - - assets 2.2 Proceeds from the disposal of: (a) property, plant and equipment - - (b) tenements (see - - item 10) (c) investments - - (d) other non-current assets - 1,101 Cash flows from loans 2.3 to other entities 118 474 2.4 Dividends received - - (see note 3) 2.5 Other (provide details - - if material) ---------------- ------------- Net cash from / (used 2.6 in) investing activities (225) (38) ------- ------------------------------ ---------------- ------------- 3. Cash flows from financing activities Proceeds from issues 3.1 of shares 2,060 2,060 3.2 Proceeds from issue - - of convertible notes 3.3 Proceeds from exercise - - of share options 3.4 Transaction costs related - - to issues of shares, convertible notes or options 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings (2,372) (8,904) 3.7 Transaction costs related - - to loans and borrowings 3.8 Dividends paid - - 3.9 Other (provide details - - if material) ---------------- ------------- Net cash from / (used 3.10 in) financing activities (312) (6,844) ------- ------------------------------ ---------------- ------------- 4. Net increase / (decrease) in cash and cash equivalents for the period Cash and cash equivalents 4.1 at beginning of period 7,361 20,004 Net cash from / (used in) operating activities 4.2 (item 1.9 above) (2,032) (8, 418) Net cash from / (used in) investing activities 4.3 (item 2.6 above) (225) (38) Net cash from / (used in) financing activities 4.4 (item 3.10 above) (312) (6,844) Effect of movement in exchange rates on 4.5 cash held 311 399 ---------------- ------------- Cash and cash equivalents 4.6 at end of period 5,103 5,103 ------- ------------------------------ ---------------- ------------- 5. Reconciliation of cash Current quarter Previous and cash equivalents $USD'000 quarter at the end of the quarter $USD'000 (as shown in the consolidated statement of cash flows) to the related items in the accounts ---- ------------------------------- ---------------- ---------- 5.1 Bank balances 5,051 7,091 5.2 Call deposits 52 270 5.3 Bank overdrafts 5.4 Other (provide details) ---------------- ---------- Cash and cash equivalents at end of quarter (should 5.5 equal item 4.6 above) 5,103 7,361 ---- ------------------------------- ---------------- ---------- 6. Payments to directors of the entity Current quarter and their associates $USD'000 ---------------- Aggregate amount of payments to these parties included in item 6.1 1.2 197 ---------------- 6.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 ---------------- 6.3 Include below any explanation necessary to understand the transactions included in items 6.1 and 6.2 ---- -------------------------------------------------------- Salary payments for the quarter made to Non-Executive and Executive directors. -------------------------------------------------------------- 7. Payments to related entities of Current quarter the entity and their associates $USD'000 ---------------- 7.1 Aggregate amount of payments to these parties included in item 1.2 ---------------- 7.2 Aggregate amount of cash flow from loans to these parties included in item 2.3 ---------------- 7.3 Include below any explanation necessary to understand the transactions included in items 7.1 and 7.2 ---- -------------------------------------------------------- 8. Financing facilities Total facility Amount drawn available amount at at quarter Add notes as necessary quarter end end for an understanding $USD'000 $USD'000 of the position --------------- ------------- 8.1 Loan facilities 208 208 --------------- ------------- 8.2 Credit standby arrangements --------------- ------------- 8.3 Other (please specify) --------------- ------------- 8.4 Include below a description of each facility above, including the lender, interest rate and whether it is secured or unsecured. If any additional facilities have been entered into or are proposed to be entered into after quarter end, include details of those facilities as well. ---- ------------------------------------------------------------ US9.8 million of the YBI loan has been converted to equity during the quarter. ------------------------------------------------------------------ 9. Estimated cash outflows $USD'000 for next quarter ---- ------------------------------ --------- 9.1 Exploration and evaluation 9.2 Development (633) 9.3 Production 9.4 Staff costs (1,017) Administration and corporate 9.5 costs (902) Other (Rio Tinto repayment
9.6 included in this balance) (8,530) --------- 9.7 Total estimated cash outflows (11,082) ---- ------------------------------ --------- 10. Changes in Tenement Nature of interest Interest Interest tenements reference at beginning at end (items 2.1(b) and location of quarter of quarter and 2.2(b) above) ----- ---------------------- -------------- -------------------- -------------- ------------ 10.1 Interests in mining tenements and petroleum tenements lapsed, relinquished or reduced ----- ---------------------- -------------- -------------------- -------------- ------------ Mpumalanga - Remaining extent, Remaining Interests Extent of portions in mining 1, and 11 and tenements portions 4, and petroleum 6, 9, 10, 12 tenements and 13 of the acquired farm Holfontein 10.2 or increased Holfontein 138 IS 100% 0% ----- ---------------------- -------------- -------------------- -------------- ------------
Compliance statement
1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.
2 This statement gives a true and fair view of the matters disclosed.
Sign here: ............................................................ Date: .............................................
(Director/Company secretary)
Print name: .........................................................
Notes
1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.
2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.
3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKLPASLXEEF
(END) Dow Jones Newswires
April 28, 2017 03:20 ET (07:20 GMT)
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