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
  +0.165p +5.57% 3.125p 2.76p 3.49p - - - 0 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.3 -0.3 - 61.75

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Date Time Title Posts
23/6/201707:34Coal of Africa - 2.3 billion tonnes of potential10,796
23/12/201319:29Coal of Africa7,179
08/1/201319:17Cole of Africa17

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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 2.96p.
Coal of Africa has a 4 week average price of 2.75p and a 12 week average price of 2.50p.
The 1 year high share price is 4.50p while the 1 year low share price is currently 2.50p.
There are currently 1,976,008,924 shares in issue and the average daily traded volume is 243,498 shares. The market capitalisation of Coal of Africa is £61,750,278.88.
boodgewoodge: 1. Mooiplaats is taking really too long to dispose of 2. the second acquisition , a real IGA or another " keep afloat acquisition" 3 come on now lets get this share price moving !!!
channel pirate: Yes the market still not keen on accumulating shares but are quite happy to sell at just over mid price. Current share price showing 3.74p to buy / 3.00 to sell Tried a dummy buy / sell for 25,000 shares got figures of 3.39p to buy and 3.02p to sell.
boodgewoodge: please enlighten on the process of " re rating " ? i understand that CZA will go from being an explorer to a producer with the acquisition of Uitkomst . By whom or how will the share price be RE RATED , if it is purely by the market , then judging by the reaction since the announcement on the 5th April this is nothing to get even remotely excited about . the amount owing to RIO should re surface shortly or is it just going to be another share dilution exercise ?
2bozmo: This is now a strong buy:The company should start to re-rate from an explorer to a producer. This should be done by the end of next month once the deal is complete. Following the incompletion of the Universal deal, the market might want to see completion before the share price reacts and in many ways this is understandable. However, in this case we now have the monies available for the purchase and not waiting for the Universal/Eskom deal to come to fruition.This is the first in a number of acquisitions, with another similar one expected in the next 6-12 months. The acquisition of Uitkomst is a positive first step. When this is coupled with the Makhado project and potential restart of Vele then it will represent a complete reinvention of the Company.The overturn of Makhado IWUL suspension and the completion of Vele licences are expected 'soon'. How soon is really out of our hands but the company are pushing hard now to get these done. Previously there was little incentive to get the IWUL overturned as there are on-going costs once this is done.
boodgewoodge: the only other company looking out for an acquisitions of this volume of production is Wescoal and their share price has done very little today . CZA's intention and now more recently urgency , places them as the one in discussions with Keaton especially as Mr Brown declined to comment , if it was not CZA it would be water of a ducks back to brush it off ! the age old dictum ...... no news is good news !!!!
ianio5691: Rumours are it is CZA..... Keaton Energy in takeover talks after expressions of interest KEATON Energy said it had received “expressions of interest from various parties” regarding the takeover of the company – an announcement that added 7% to the firm’s share price today. Keaton Energy, which produces about two million tonnes a year (Mtpy) of coal from its Vanggatfontein mine in Mpumalanga province, is now worth R277m having doubled in value in the last 30 days. It gave few other details except to say the interest was “non-binding” and that the firm was assessing the merits of the offers. It had said in an earlier announcement that it had entered into “discussions” that might affect its share price. The offers come at a time when Keaton is facing the challenge of having to finance its $20m to $25m (R285m to R355m) Moabsvelden project, a proposed 1.5 to 1.6Mtpy thermal coal mine near Vanggatfontein. The close proximity of the two mines means that Moabsvelden will benefit from shared infrastructure which Keaton Energy CEO, Mandi Glad, said was a “cut and paste”. It is envisaged that some four million tonnes a year in coal will be produced by the combined operations. The coal would be sold to Eskom and to the export market. One possible bidder for Keaton Energy is Coal of Africa (CoAL) which has stated on several occasions that it’s in the market for acquisitions in order to provide cash flow whilst it built its own projects. CoAL recently brought the curtain down on a A$126.4m bid for Universal Coal, which is listed in Australia, after it failed to secure a long-term coal contract with Eskom in time. Whilst a blow to CoAL’s fortunes, Brown said in September that the firm had resolved to continue looking for corporate opportunities. “The current company focus is to obtain a cash generating asset for the group,” he said in CoAL’s September quarter report. “This will allow the company access to sufficient funds over time to cover company overheads, pre-project development costs for the Makhado project, and all regulatory charges to ensure the continuation of full compliance on all current assets,” he said. Makhado is expected to cost several billions of rands to develop. “The increase in thermal and hard coking coal prices over the last quarter leaves the coal industry with a positive outlook and we are committed to maximising the benefit of this market for our shareholders,” said Brown. Brown declined to comment on Keaton’s announcement today. Shares in CoAL have, however, increased 13% taking its market capitalisation to about R1.1bn. Keaton would provide CoAL with both cash flow and growth potential. In addition to Moabsvelden, Keaton also owns the Braakfontein project which Glad said could produce between 1.5 to 2Mtpy. “But it is very far off in terms of development,” said Glad in an interview with Miningmx in June. “The focus is to get Moabsvelden up and running.”
boodgewoodge: UC's share price still stuck (to put it as we are ) at .14 where it has settled since the lapse of CZA's offer even in the face of a battery of only positive news for them subsequently , bodes well for a takeover by CZA now ?
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: 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
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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