Share Name Share Symbol Market Type Share ISIN Share Description
Conti.Coal LSE:COOL London Ordinary Share AU000000CCC1 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.10p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 37.4 -29.7 -4.1 - 4.10

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Date Time Title Posts
06/6/201616:13Continental Coal ... COOL4,621
10/8/201414:13Intelligent thread on Continental Coal469
19/2/201419:09Continental Coal - Research Thread Only *50
14/1/201420:27No rampers please down we go13
01/3/201307:36No de rampers please up we go168

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Conti.Coal Daily Update: Conti.Coal is listed in the Mining sector of the London Stock Exchange with ticker COOL. The last closing price for Conti.Coal was 1.10p.
Conti.Coal has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 372,662,917 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Conti.Coal is £4,099,292.09.
6kenny: Look at the cool price on advfn....already priced at 1.10p?
c31161: apparently the implied share price is 15c and is undervalued by 650 percent according to valuecrunchers website Implied Share Price $0.15 Market Cap 13 Net Debt 66 Enterprise Value (EV) 79 Revenue 62 Balance Sheet Total Assets 169 Total Liabilities 135 Shareholders Equity 34
yajnas01: great... so what does all that mean for the share price. please don't tell me this could double because that's still going to leave me underwater :( i've been waiting for ages and there have been so many supposedly positive RNS's and yet the share price goes lower and lower. why?
saikat: As far as I understand, these convertibles do not have VWAP elements and probably originates in South Africa and not Perth - so it is not the usual Landau/Brewer Ponzi traps through OKAP. They convert at some high price like $0.80 - obviously they will not be converted voluntarily at this price. So just pushing out the timeline by a couple of years hurts, but may not hurt as much as before because we should be shortly into strong cash generation. But I have no clue about how this impacts share price. Impact on share price will be much more to do with (a) the anger that the Aussies (now most others in the world) feel towards Perth offices, although they need to realize that Perth Office has recently been marginalized and (b) the serious deflationary negativity for junior ASX listings. You see Coal of Africa has listings on ASX, JSE and AIM, but the JSE listing does not help the company to neutralize the negativity of the other exchanges. Of course, operationally this company has been a disaster for many years, but they have lot of good quality resources (which should have a higher value), and they do not have past extensive shady finances like Cool. Generally speaking, when the markets are in good spirits, positivity from a listing in one country extends to another country; and when markets are deflationary - it is the negativity which diffuses from one listing to another. Multiple listings maybe a very poor idea in deflationary setups. Today Leyshon Resources (LRL - both AIM and ASX listed) have elected to remove their ASX listing in a crafty fashion. I also hope that Turvey gets all the finance help he needs from the new finance guy - Turvey needs it because despite his mining credentials, I suspect he is really weak in finance - otherwise, he and the company couldn't have been taken for such a rough ride by the Perth offices.
lemming2: is anyone actually expecting a turn around any time soon? I remember once that people were talking about companies acquiring assets from COOL for more than the share price. I'm holding but can't figure out how the share price is supposed to turn a corner. i could do with a refresher on why I should hold to be honest - anyone able to help me out here? it feels like the company is making a lot of progress and making money but the share price just doesn't seem to move. kind of concerning tbh. what does it take to get the share price up. already down so much on this - very confused.
troutisout: From Hotcopper, "Noticed again there was only one share traded at the end today. Look for another move tomorrow boys and girls. If there was a take over there would be a move of doubling or tripling of the share price so don't get to excited yet. Its only $100,000 worth of shares traded. This will be just a start to a small rally into the 1st October meeting and JSE listing. Rumour has it once it hits the JSE board there will be a spike in the share price. Guess we will just wait & see if it holds true?"
loverat: Useless If you are referring to my comment about share price movement/behaviour prior to news or a spike, it is more of an observation than an assertion that news is due. I have found in the majority of shares I have observed which had depressed or static share prices prior to a sharp rise or news, typically exhibit behaviours such as widening spreads and a final and sudden drop just beforehand. Perhaps a chartist might offer an insight but it is something I and am sure others have observed many times. Once you start studying share price behaviour in different shares you can see patterns develop. There are some shares I own where the pattern is so predictable because it has repeated half a dozen times this year and I have made money each time buying and selling at the same low and high.
loverat: cyberbub I think this will move soon when things settle a little. Not sure it will really move on news unless it is some major deal or transaction. I was looking at the production the other day and at the comparables and differences with CZA - also in terms of share price. The CZA share price has been depressed for a while. The Chinese invested at 25p per share when the share price was 16p but it kept falling to a low of 10p. Anyway that spiked to 25p, without a mind blowing news and I think the same will happen here soon. The spread is very wide at present which gives me a feeling this will move soon.
c31161: May 15, 2013 The Agreement With Village Main Reef Is The First Of Many Deals in That Continental Coal Has In The Pipeline By Sally White Continental Coal has now made the quantum leap that it has been working on for months. In an A$8 million private placing with JSE-listed diversified precious metals mining group Village Main Reef (VMR) Continental's management has given shareholders a concrete reassurance that it can commercialise its vast portfolio despite the difficult conditions in capital markets. Penumbra As finance director Jason Brewer says, Continental needs to show shareholders that "the company is moving forward, operationally and at the corporate level". Nor is this the only deal that he and chief executive Don Turvey have been working on – their desks are piled high with paperwork for negotiations on joint ventures, financings and sales. It just so happened that VMR were roaring to go so got first on the list. The VMR money will strengthen the balance sheet by cutting debt (group borrowings were around US$39 million at the December 2012 half-year stage) and providing working capital. With a market capitalisation of US$139 million, VMR has cash of US$50 million and its forecast cash flow is soaring. As Don Turvey comments, the deal will "strengthen the company's growth strategy and operating credentials in South Africa with a major, well credentialed partner." From VRM's side chief executive Marius Saaiman described the move as part of a diversification strategy. He says VRM was at "an inflection point" in its development. Continental has, he says, "a strong portfolio of projects and has demonstrated its ability to develop and operate mines and we look forward to working and supporting the management team as production continues to increase and as greater value is recognised". The deal, at a price of A$0.80 a share, also gave VMR the option to acquire small shareholders' parcels and it has added 11.8 million shares at an average price of A$0.521 to take its total holding up to 16.34 per cent. And it can acquire further Continental shares on the market at a price of up to A$0.10 to bring its stake to 19.9 per cent of the company. Not that the share price is going to roar ahead immediately, given the dilution the 100 million new shares creates. And an earlier A$5 million debt refinancing had also been equity dilutive. As things stand, at around 3.4p, the shares are 70 per cent lower than a year ago. But that's not the dilution at work, rather it's that in its highly nervous state the market has focused on the costs rather than rewards as Continental commercialises its portfolio of exploration targets. Yet these probably host over 10 billion tonnes of coal. As Jason points out, the market seems to be overlooking the fact that Continental has a track record of implementing low-cost starts to projects. For example, the latest plan for the De Wittekrans project plan has a start-up bill of just Rand 161 million (£12 million) to first production, helped along by the planned use of existing coal wash plants and rail sidings. Continental has already three mines in production and has just put out a bullish third quarter statement on operations. This showed a 35 per cent jump in production on the previous quarter to 631,557 tonnes run of mine (ROM). Thermal coal sales reached 463,671 tonnes in the quarter, up eight per cent, and export sales rose by 16 per cent. In the year to date ROM production has reached 1.6 million tonnes. The latest mine is the newly commissioned high-margin Penumbra underground mine, which is targeting 500,000 tonnes per annum of export quality thermal coal and is forecast to produce 212,964 tonnes this year. The project is now 95 per cent completed and the ramp up to full production is progressing well. Underground production reached 52,876 tonnes in the quarter, up 99 per cent on the previous quarter. At the large De Wittekrans project the company boasts a combined JORC Resource of 250 million tonnes, and with this scale it could become the flagship project. It could produce 2.4 million tonnes per year for sale to the Asian export market, with a mine life of 30 years. If those numbers are added in to broker Breakaway's valuation estimate for Continental, the valuation figure moves up from A$0.13 to A$0.34 a share – significant a multiple of current levels. The total De Wittekrans capital cost is puts at around US$160 million and to move it forward Continental is in joint venture talks with the likes of Indian utilities and global trading groups. As Jason Brewer says, De Wittekrans is currently key. "To announce a transaction on De Wittekrans would really enable that project and allow us to push ahead in the second half of the year." Having said that, De Wittenkrans is by no means the only string to the company's bow. At the Ferreira mine production was up nine per cent in the last quarter, and in the year to date it is five per cent ahead of budget. Other opportunities include the Vlakplaats Coal project, not far from Vlakvarkfontein mine. Here Continental has a joint development agreement with KORES, the South Korean government-owned minerals company. And there is more - Continental has a 100 per cent interest in three exploration licences in Botswana. Among them, a maiden JORC inferred resource of 2.2 billion tonnes has been estimated at Kweneng with a further five billion tonne exploration target, while at Serowe consultants have reckoned the target at four billion tonnes. A Botswana joint venture is likely this quarter. Before the deal with VMR, broker Investec was forecasting a swing well into the black this year with US$2.9 million at EBITDA level, followed by US$11.2 million next year and US$34.8 million in 2015. Last year Continental showed an EBITDA loss of US$24 million. With a busy few months ahead, which should generate even more deals, market perceptions should improve. Even before the deal with VMR, Investec was already saying that Continental was "over the worst" with production at Ferreira and Penumbra rising. Analyst Hunter Hillcoat was suggesting a price target of 9p. New share price targets, when they are ready, are likely to be higher. Meanwhile Hillcoat's view was: "we do expect cash flows to improve henceforth, with potential upside from the strategic partnerships and/or asset sale process that is underway." Watch this space.
cyberbub: I see there is an RNS out in Australia, a proposed 25% share issuance in about a month's time, "at a premium to the price at that time".... Sounds great to me: (a) we get to pay off a good chunk of our debt, OR get capex for ramping up production, without needing to take out further debt... yes there is a 25% dilution, but this is not disastrous, (b) the share issuance is "at a premium to the price at that time", I have never seen such a clause, it is basically a guaranteed profit for shareholders... I mean look what happened when CZA took on a major equity partner at 25p when the share price was 12p... a month later the share price touched 25p... Well done, and a major difference from using the SEDA at a permanent discount... What happens if the share price is at 7p in a month's time, and the placing takes place at 8p?... The company would get about £11M or $17M, and it would put a base under the share price at 7-8p or so... I also understand from the RNS that this is NOT the 'sale of non-core assets', and that this sale could still take place (this wouldn't need a General Meeting for shareholder approval). Oh yes and the directors being issued shares in lieu of salary, at an 82% premium to today's share price .. I see this as good news. Let's see what Mr Market thinks... NAI
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