Coal of Africa Share Discussion Threads

[dr_ex] 26/8/2014 15:39

cheers jotoha2 :)

kirk 6, i agree, need to change the trend first. 5-6p and staying
there will help.

[jotoha2] 26/8/2014 14:25

Well said Dr_ex

[kirk 6] 26/8/2014 14:20

Massive rises to come here. The management have done well and now we can be certain of better times to come.

[ianio5691] 26/8/2014 13:34

How long before Vele back up and running?

From this mornings RNS...

Vele Colliery is a "brownfields" project, which implies less time and risk to develop the asset compared to a "greenfields" project, and has the potential to become CoAL's near term cash generator.

[buywell2] 26/8/2014 13:15

£100m cash buys them 12 months no more

That is what their losses are likely to be and more based upon the last 3 years trading

[karmastuartra] 26/8/2014 12:39

Takes time for news to be digested but future prospects look good for
This tiddler,if indeed you can call it that.

[kirk 6] 26/8/2014 09:13

fantastic news today. Lets see if this can now climb back towards 25p. The management have done a great job and will realise big value in the long term

[cantrememberthis2] 26/8/2014 08:45

Now topping at 3p would be a gift ;)

[ianio5691] 26/8/2014 08:42

Once completed, this much needed cash injection removes a lot of the immediate clouds from the horizon.

Our cash position and the imminent payment due to RIO were my biggest concern.

The placements will not have been agreed without a lot of due diligence, and they will have a much better insight into the future, and were happy to proceed. The split of the Placees removes the danger of one overwhelming stakeholder, and also the risk of a low-ball takeover.


We can now forge ahead and complete the plant modifications at Vele, and start generating income. We can then turn our attention to the game changer in our portfolio - Makhado, which in turn will fund Soutpansberg.

This is only going one way IMHO

Strap in and enjoy the ride!

[karmastuartra] 26/8/2014 08:22

Will turn in a profit in the end imo

[buywell2] 26/8/2014 08:17

Average losses for this company have been over £100m a year for the last 3 years

The current fund raising with existing cash is around £100m

[buywell2] 26/8/2014 08:14

At least the placement has given some the opportunity to get out

[karmastuartra] 26/8/2014 08:10

Quick reply,very encouraging .

[channel pirate] 26/8/2014 08:08

Sent CZA an email this morning:

Good morning Celeste,

I hope this finds you and the team in good spirits after the short / medium term pressure has been removed. (today's RNS)

Please convey my thanks and best wishes to Mr Brown for the hard work in achieving this.

Regards,

-------

Had a reply already:

Thank you very much for your support.

WE believe this is the start to a sustainable value creation process for all stakeholders.

Regards,

Celeste Harris
Investor Relations & Business Development Manager

[karmastuartra] 26/8/2014 07:54

Good result,I'm in!

[cantrememberthis2] 26/8/2014 06:50

Happy with outcome, yes near in 700m new shared for dilution, but rarely have I seen placements at substantial premiums. Expect a bounce now to 4.5p imo

[channel pirate] 26/8/2014 06:33

I say "well done" to David Brown as I expect Rio thought they might have CZA "over a barrel" re the $30m payment

[adejuk] 26/8/2014 06:15

this could repay handsomely over s/m and long term but given mgmt history it seems they can always pull failure from the jaws of success.
on balance a good punt i think
i will be in today

[mrshaungcm] 26/8/2014 06:11

oooppppppppssssssssss - orange squash time

[cantrememberthis2] 21/8/2014 19:38

Well I'm sticking it through here, seems unloved except by the Chinese

[willoicc] 21/8/2014 19:03

Depends who else puts up money. 200m at 5.5p is only £11m.

That will hardly go far.

[jotoha2] 21/8/2014 16:50

BHE invested $100 million for around 200million shares a couple of years ago , they will now invest further by buying 200million at 5.5p , so they are now the majority holder , and will decide when to take the lot , it certainly will not be at a premium , if they get their way , interesting times ahead

[cantrememberthis2] 21/8/2014 13:59

This is clearly in the hands of the Algorithm boys - seems to be the way across of small caps at mo, quiet holiday period.

Awaiting news and taking it from there

[jumbone] 21/8/2014 08:42

Just like yesterday.

The auto trades have started exactly at 09:30 hrs