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% 2.35p 2.25p 2.50p - - - 60,000 08:53:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -13.6 -0.6 - 46.44

Coal of Africa Share Discussion Threads

Showing 18151 to 18174 of 18175 messages
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DateSubjectAuthorDiscuss
18/11/2017
16:31
All very odd I had to buy another £500 worth this week at 2.39 I must be mad, but hopeful for more good news this week. I need 6p to break even good luck all
allend47
18/11/2017
15:53
https://www.bloomberg.com/news/articles/2017-11-18/coal-returns-as-flashpoint-in-global-climate-change-fight 1.legacy issues put to rest 2.expanding balance sheet , cga delivering , increasing commodity price possibility of higher pricing of offtake agreements 3.only 2 more land rights to secure 4.further cost saving by delisting from? asx 5.share price that allows participation by fund managers and investment houses 6.second cga shortly , mentioned by Mr Brown more frequently at every public conversation 7.very likely sale of further non core assets (vele please ) shortly again spoke about more frequently by Mr Brown 8.funding, shorter time to production, offtake agreements being discussed and solid volume of high demand coking coal waiting to be disposed off. Then why would anyone pressurise the share price post consolidation? Consolidation being the quickest route to get the share price out of the penny range . Any ideas why the share price could possibly go south post consolidation with regard to this company specifically?
boodgewoodge
15/11/2017
11:58
2bozmo ,a quick look at the YTD graph of the share price and i would advise to invite Mr Brown to accompany you !!!
boodgewoodge
14/11/2017
18:20
AGM next week. Hopefully should be in attendance. Anyone else going?
2bozmo
14/11/2017
18:11
Suspension soon, then share consolidation, then scope to fall further. Nearly always happens on consolidations.
bengal1
14/11/2017
17:05
Any ideas to explain this ridiculous downward trajectory?
boodgewoodge
09/11/2017
16:57
hxxp://m.fin24.com/fin24/Finweek/Featured/inside-bernard-swanepoels-last-mile-fund-20171109 . Will it really be that simple to get mooiplaats up and producing? !
boodgewoodge
02/11/2017
14:30
Really, what's the catalyst going to be?
boodgewoodge
30/10/2017
10:18
Mon, 30th Oct 2017 09:28 RNS Number : 9525U Coal of Africa Limited 30 October 2017 ANNOUNCEMENT 30 October 2017 ISSUE OF WARRANTS TO INDUSTRIAL DEVELOPMENT CORPORATION OF SOUTH AFRICA Coal of Africa Limited ("CoAL" or the "Company") confirms it has today issued a total of 48,175,033 unlisted share options or warrants to the Industrial Development Corporation of South Africa Limited ("IDC") pursuant to the terms of a Loan Agreement between the Company, its subsidiary Baobab Mining and Exploration Proprietary Limited and the IDC, signed in April 2017 (the "Loan Agreement"). The major terms of the Loan Agreement were announced at the time of entering into the facility under which the IDC advanced funding in two equal tranches totalling R240 million (US$16.9 million). The first tranche of the loan funding of R120 million (US$8.5 million) was drawn down by the Company in May 2017 and the warrants being issued for these funds equate to 2.5% of the entire issued share capital of CoAL as at 5 December 2016. The warrants vest immediately and expire and are exercisable on or before 16 June 2022 at R0.60 each.
channel pirate
28/10/2017
15:57
A very decent close but not encouraging enough volume,there seems to be ongoing selling pressure obviated by the large visible shares on offer, why anyone would want to dispose of their holdings in a company that has put their many albatrosses to bed permanently and is harnessing an upward channel is utterly bewildering except ofcourse the pic whom I assume has to raise funds for soe's bailouts and the disposal of their Telekom stake has not been well received so I am of the opinion that they might dispose of smaller under the radar holdings to be able to continue their bailouts without too much fuss , is the pic still a share holder of cza ? The consolidation should be deferred until after the disposal of vele and the successful completion of the second cga unless institutional policy really prevents them from participating in company's with share price at such levels, something I am unaware of ( please assist ) and the board is expecting a flurry of interest and an exponential rise in the share price from zar1000 to zar5000 there is absolutely no benefit to consolidate at these levels
boodgewoodge
27/10/2017
18:06
Don't get me wrong, as a long term holder I'm not for the consolidation and will vote against it. But lots of positives to take awayDecent close on JSE today.
2bozmo
27/10/2017
12:08
looks like Vele's next to get the chop (brilliant) , and the second cga is definitely on the cards (even more brilliant) ! rebranding i see the benefit 2bozmo , completely against the share consolidation at these levels , could have been proposed north of the ZAR200 level which any which way you look at it is just around the corner
boodgewoodge
27/10/2017
09:47
Press coverage does appear more positive. I think just reflecting the good progress being made; CoAL reports 'extremely positive quarter' hxxp://www.stockmarketwire.com/article/5720439/CoAL-reports-extremely-positive-quarter.html CoAL to rebrand, cut shares as fresh chapter opens with Uitkomst http://www.miningmx.com/top-story/30807-coal-rebrand-cut-shares-fresh-chapter-opens-uitkomst/
phil0001
26/10/2017
09:48
should have been more specific not to create any ambiguity , apologies , the dilutions referred to was previously with the issue of new shares during the process of capital raise , this being the first consolidation , which undoubtedly should have been considered at a stage when the die hard thoroughly beaten up shareholders could have at least broken even , before being dragged on indefinitely once again
boodgewoodge
26/10/2017
09:27
Explain to me how 20-1 consolidation is dilution please.
2bozmo
25/10/2017
13:51
i don't believe anyone saw this coming , dilution after dilution after dilution with no value accreditation even in the presence of momentous achievements followed by a consolidation ! the chances of a 4-5 x rise in the share price post consolidation is a complete fantasy . the consolidation should have been proposed post achievement of fair valuation which would be easily attained , with such a good past year , by the second acquisition making CZA self sustainable . everything else has been sorted and the other smaller boxes could have ticked themselves. really poor foresight by the board or there is more than meets the eye here , but as it stand Et tu David Brown
boodgewoodge
24/10/2017
12:01
Is the point that as a penny share it's more likely to spike higher intra-day than at a "sensible" price of around 50p? (Remember BZM and it's 600% intra-day rise?). Long term if the fundamentals are in place of course it could rise much higher. As usual with these stocks you have to trade 'em to keep your sanity. Trade where possible and keep a core holding just in case it actually delivers. I've been let down too many times on these kind of shares to fully believe the story, I just hope "this time it's different". Best of luck to all holders.
thevix
24/10/2017
11:11
I agree , the bd have done everything Promised recently , without affecting the share price. Let’s hope they are right , and so improves after the changes. I have been a holder since the heady £2 days so I can wait a bit longer
allend47
24/10/2017
10:02
Sorry Bozmo, but I think you are being extremely naïve. I appreciate it will be the same market cap. but any significant buying will not have the impact that it would previously on a penny basis. 3p - 12p was quite possible.( a 300% gain) At the consolidated price 60p...... Significant buying may raise it 50% to 90p, maybe even double it to £1.20. Is that a fair return for all the pain Long term holders have endured. As Benny says, past experience has always seen these situations get sold into. It just gives the share further to fall. Not a good move for current shareholders whichever way DB wants to spin it.
ianio5691
24/10/2017
09:42
Not really. Same market cap and if they deliver then no reason for it to do so
2bozmo
24/10/2017
09:26
Desperate act from a desperate board and management, I have never seen a consolidation add value, just makes it easier to sell down
benny67
24/10/2017
09:13
Market cap is the same...The change will be attractive to institutional investors. The new company will be easier to market and gives the impression of a stronger company if higher market price. 2.8 billion shares currently out is not a good number.These don't necessarily drive the company forward on their own but when combined with continued execution over the next 9 months will be a positive overall.
2bozmo
24/10/2017
08:19
At present - the share price is 3p to buy. From memory, the Chinese invested and were given trillions of shares at 12p and 24p. It is therefore not currently unreasonable to hope that the shareprice, given grounds for a decent recovery, could re-visit those prices. It rose very quickly to 7p, on rumours of our calamitous bid for universal. Once we get a 20-1 consolidation, our shareprice will become 60p. It would need to then hit £2.40 and £4.80 to achieve comparative returns..... Never seen it happen before, and there is nothing to indicate we would see it here. David Brown and the BOD have stuck it to long term holders in a big way. Unforgivable!
ianio5691
24/10/2017
07:54
I believe they hope to lose the Australian listing at some point. Definitely been mentioned previously
2bozmo
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