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
  +0.00p +0.00% 3.375p 3.00p 3.75p - - - 281,489 16:29:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.3 -0.3 - 65.04

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Date Time Title Posts
20/10/201616:19Coal of Africa - 2.3 billion tonnes of potential10,534
23/12/201319:29Coal of Africa7,179
08/1/201319:17Cole of Africa17

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Coal of Africa (CZA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 16:17:553.0630,000918.00O
21/10/2016 13:55:213.15150,0004,727.40O
21/10/2016 13:05:123.1628,482898.81O
21/10/2016 12:35:143.4273,0072,499.98O
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Coal of Africa (CZA) Top Chat Posts

Coal of Africa Daily Update: Coal of Africa is listed in the Mining sector of the London Stock Exchange with ticker CZA. The last closing price for Coal of Africa was 3.38p.
Coal of Africa has a 4 week average price of 3p and a 12 week average price of 3.29p.
The 1 year high share price is 5.80p while the 1 year low share price is currently 0p.
There are currently 1,927,001,328 shares in issue and the average daily traded volume is 236,949 shares. The market capitalisation of Coal of Africa is £65,036,294.82.
2bozmo: A cheeky bid at 20c?Given their cash flow for their record levels of production, I don't think we'll pay more, and that's a 43% premium to current share price. My conversation with company suggest its still on the radar and still a great fit. Might find out more this Friday. I assume if we were to make another offer then all the ducks would need be aligned, no waiting for a UC/Eskom deal that still hasn't happened
boodgewoodge: another 15% leap in the UC share price with 6x the daily av volume being traded . NCC up and running as planned from yesterday , CSA cant be that far off . CoAL 's type writers must be a buzz ?
boodgewoodge: NCC on track for production early Sept 2016, no off take agreement yet in place , Eskom quite in the limelight with the Guptas synonymous with the same , even with Kangala's record and increasing production and NCC's progress to production , UC's share price 45% south from around time of lapse of offer , could lead to a quick merger , well at least nothing compared to the long drawn out saga we just got out of . Dark days not dark future ......... wrapped up before December 2016 ???
boodgewoodge: UC's share price suggests very differently , back to 13 - 14 c range post lapse of offer as well as post quarterly , which was well expected , Kangala is without a doubt a gem , 95% acceptance knowing the Kangala value , its just a matter of time .cza needs to understand of " striking whilst the coal is hot " .
boodgewoodge: definitely having these great assets in our stable is of sound value , coal prices edging upwards is also in our favour , but the bottom line is we need to produce and sell our product , UC will place us in an income generating zone and that alone will create a whole spectrum of growth opportunities , until we are income generating we are only potential and the share price might very well be justified if not flattering at these levels , so even if management has to stand on the table in order to hammer something out they should
2bozmo: If we wanted to pursue Universal then we could easily have extended deadline further. Possible outcomes:1) NCC cuts a short term deal with Eskom that will meet our 12-month requirements and meet AIM requirements. Eskom paying over the odds so deal could be made.2) we have a number of parties interested in Makhado, one of those (or someone else, eg. Ichor) provides working capital to meet AIM requirements;3) we forget Universal deal. The market didn't react when we announced the deal in November, a few London specs sold out today hence lower but more interested in buying dip on JSE which closed only 4 ZAr lower at equivalent of 3.90p;Remember this is a reverse takeover and we still have great assets in Makhado, Vele, Mooiplaats and GSP, which by themselves should be valued at more than the current share-price. Could argue the Universal deal has been holding back the current CZA share price given performance of thermal coal and dilution.I've met David Brown a number of times and trust him and management team. He's still confident today this deal gets done, and setting a deadline of 15th means management sit around the table and hammer something out. Yes we could have extended deadline and CoAL must have a reason. Yes, we would have had to have had another EGM to allow issuance of shares past 3 August deadline but is that such a hardship to get assets? Overall this fixed deadline isn't necessary a bad thing. Given the consolidation expected in this space, will this ultimately make us a takeover target?It's definitely going to be interesting next week.
boodgewoodge: 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 )
boodgewoodge: even if by some remote chance the date for UC is once again nudged further down the road , an increased acceptance of greater than 95% should be a positive driver ? Secondly once UC is in CoAL's stable and CoAL progresses from an exploration company to a MID TIER COAL PRODUCER ( in the words of our most revered leader Mr David Brown ) would this allow for an instant re - rating of our share price to that of a coal producing company ? bear in mind UC trades at around 4x our share price on the ASE . Mr Brown spoke of " quantum leaps " in the share price in 2014 for 2015 which he undoubtedly delivered when the share price went from 50c to 150c on the JSE in a short space of time in Q1 2015 only to retest and hover around the 50c level for the last 3 quarters , with the successful completion of UC , re-tracement should be something we are unlikely to encounter and the concept Quantum to be re defined , waiting in the isle to raise my hat to you Mr Brown
bobsa: new CoAL share, means one Coal of Africa Limited ie CZA share. They are new because they get added on top of the existing CZA shares on issue. So to answer your question you will get 1 for 1, well technically, you get to keep the ones you already have. Existing CZA shares = 1.927B There are about half a billion shares in UNV, but about 80% of shareholders are taking up the convertible loan notes, so about 100M, give or take, new CZA shares, will be issued. Our cash will also go down by c. $20M too. Agree with the comments; $400M seems massive, however with cash flow coming in from UNV mine it's not completely illogical to do it with cash flow. They made $15M profit last year, so not massive, however this should hopefully move toward $25/30M, especially if we can get how new Baobab major shareholder potentially willing to lend a big chunk, hopefully 80-90%. It will be tight, however the company will hopefully be spewing money once Makhado is in production. They is ofcourse from Mooriplats, and the UNV mines moving into production. Don't have alot of faith in CZA managers, however the UNV guys coming on board know what they are doing and how to get a mine in production on budget and profitable.
casual47: Looking at PDF again they are talking about 34% stake in Baobab Mining & Exploration (Pty) Ltd, the subsidiary that owns the Makhado Project. So the question many pence in the share does Baobab Mining & Exploration (Pty) Ltd represent within the CZA share price?
Coal of Africa share price data is direct from the London Stock Exchange
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