Coal of Africa Share Discussion Threads

[channel pirate] 26/6/2014 09:04

JONNI1 South African equivalent of "fingers crossed" !!!

[deanowls] 26/6/2014 08:57

You can't write without them possibly?

[jonno1] 26/6/2014 08:24

"We are holding thumbs" ?

[ianio5691] 26/6/2014 07:42

Excellent post from Jantand over on LSE...

Response from Celeste Harris Investor Relations & Business Development Manager

We are holding thumbs that we can come to market with some good news prior to the June quarterly release, as all the outstanding items from the Turn-around strategy are all work in progress and can we communicated as soon as we have signed confirmations. We believe that all news that will come from CoAL over the next few month will be positive in the sense that it will either be items completed from the Turn-around strategy or good news regarding the projects going forward. Items that have taken high priority over last few weeks are as follows:
1) Securing off-take agreement for Vele and ensuring that even at current market prices Vele to be a profitable entity. The delay regarding the off take agreements was enhanced by the weak commodity prices we are currently seeing in the market and negotiating in the environment is quite difficult- especially taking into account that Vele will only be in production during 2016.
2) The negotiation with Rio Tinto regarding the deferred payment of the purchase for the Chapudi assets(GSP project) – we have made some good progress on this and hope to have this finalised in the next few weeks.
3) The sale of Mooiplaats – we have a few interest parties that is quite a way down the road with completing Due diligence and obtaining proof of funding to support possible SPA's
4) The CoAL team is also working hard at securing the regulatory approvals to secure the Makhado Mining right. All of the above will confirm CoAL to be the "Repositioned CoAL company" that was the intention of the Turn-around strategy, and we believe this to confirm some shareholder confidence in the CoAL going forward and is positively reflected in the shareprice. We are also committed to releasing information as soon as it is available to the market – I promise we will not keep you waiting for longer that what is necessary. Please let me know if you would like some information regarding any of the above mentioned items.
Regards,
Celeste Harris
Investor Relations & Business Development Manager

[ianio5691] 24/6/2014 17:55

Had a cheeky punt on these too.
The Chinese bought shed loads at 25p last year. Would like to hope that we can revisit that level in quick order if a timeline for production is favourable.

[cantrememberthis2] 24/6/2014 12:32

Just bought a small holding.

GLA - either quick march down to 3p or 5p beckoning...

[oggyrocks] 23/6/2014 14:16

Also noticed this Wookie - we are due an update soon. Maybe a few people seen what is about to be released.

Would appreciate some good news please....

[wookie77] 23/6/2014 14:10

Seems to be a sudden pick up in volume AT trades anyone else notice this? Been in quite a tight extended trading range so i would expect any break out would see quite a significant move up?

[yinyang888] 19/6/2014 11:11

Came across this bit of news.

hxxp://www.steelorbis.com/steel-news/latest-news/coal-of-africa-announces-update-in-coking-coal-resources-833788.htm

[mjcferguson] 28/5/2014 09:15

Good rise today,turnover a bit on the low side though!

[mrshaungcm] 13/5/2014 19:08

down in uk

[wookie77] 12/5/2014 06:40

up 15% In Australia :D

[oggyrocks] 10/5/2014 15:20

Well I don't think it pi'S who are buying here, so your obviously purposefully de-ramping. Not sure why?

[channel pirate] 10/5/2014 07:48

I noticed a few days ago there were "buy" trades that were duplicated, even up to 4 times, same time, same volume and same price, but spaced apart hence making it look like more people buying. Not being on the computer yesterday and having a look now then I have just noticed the same happened again yesterday. Games being played by the mm's gathering more "buys" before taking the share price down again ??

[jotoha2] 09/5/2014 15:00

Heavy buying , and the share price drops ,makes sense not!

[johncraven] 09/5/2014 10:08

Heavy buying at 4.9

[mrshaungcm] 08/5/2014 19:19

sale?
08-May-1412:24:444.901,000,000Buy* 4.824.9049.00kO

[johncraven] 08/5/2014 07:57

yes I think this must be a mistake today. See you at 15p

[oggyrocks] 08/5/2014 06:35

Is this really CZA?

This is good news - this doesn't happen to this company.

First time in ages, feeling positive for the company.

Onwards and upwards from here.

[mrshaungcm] 08/5/2014 06:08

extra dosh in the tills

[jotoha2] 07/5/2014 13:16

Initial target is 10p , very achievable within the next few sessions , the market will rerate this once it sees that plans moving forward are being met.6 months target is 35p

[channel pirate] 07/5/2014 10:56

John -- Having been invested in CZA for 7+ years now and up to speed with all the info in the public domain for the company, then the only 15.675p I could be seeing next week would be in another company and not CZA

[johncraven] 07/5/2014 09:07

This is truly fantastic really looks good and turning out to be a great investment.

Channel you could well see 15.675 next week