Coal of Africa Share Discussion Threads

[bad robot] 22/9/2014 10:27

21tw@t

let me get this straight? You based your investment strategy on someone posting on a thread?

Any other strategies you could point to me, so that I can avoid all of them.

[bad robot] 22/9/2014 10:21

This is still 66% below premium placing of 5.5p

[bad robot] 22/9/2014 10:20

We are about to zoom pass 4.0p and our champs will keep watching

[bad robot] 22/9/2014 10:20

I think the johnny came late missed out todays rns too. LOL

[sigora] 22/9/2014 10:19

sorry this isnt a pupmd and dump rising behind the news releases over past few weeks

[bad robot] 22/9/2014 10:18

Coal of Africa Limited Sale and Purchase Agreement signed for Mooiplaats
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TIDMCZA

RNS Number : 1903S

Coal of Africa Limited

22 September 2014

ANNOUNCEMENT 22 September 2014

Sale and Purchase Agreement signed for Mooiplaats

Coal of Africa Limited ("the Company" or "CoAL") is pleased to announce that it has signed a Sale and Purchase Agreement ("SPA") with a wholly owned subsidiary(1) of Blackspear Holdings Proprietary Limited, for the disposal of the Mooiplaats Colliery ("Mooiplaats") for a gross consideration of ZAR250 million (US$23.47 million) in cash. Upon fulfilment of all conditions precedent including the receipt of regulatory approvals consistent with a transaction of this nature, the consideration will be settled in two tranches, with the first tranche of ZAR150 million (US$14.084 million) expected to be received during the first quarter of CY2015. The second tranche of ZAR100 million (US$9.39 million) is payable on the earlier of 12 months from the payment of the first tranche or 30 November 2015.

Blackspear is required to provide CoAL with evidence of funding on or before 31 October 2014, with guarantees in form and substance satisfactory to CoAL by 31 December 2014, pursuant to which Blackspear will commence monthly payments from November 2014 of ZAR2.3 million (US$0.21 million) increasing to ZAR4 million (US$0.375 million) from February 2015 until such time that the conditions with respect to the first tranche payment are met.

Mooiplaats, the thermal underground colliery in the Ermelo Coalfield in the Mpumalanga province of South Africa, was deemed non-core by CoAL on 30 June 2013 and placed on care and maintenance from 1 October 2013.

[bad robot] 22/9/2014 10:17

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TIDMCZA

RNS Number : 9518P

Coal of Africa Limited

26 August 2014

ANNOUNCEMENT 26 August 2014

COAL OF AFRICA LIMITED

PRIVATE PLACEMENT

Coal of Africa Limited ("CoAL" or "the Company") today announces that it has entered into conditional agreements with certain existing and new investors to raise up to approximately GBP38.225 million (or approximately US$64.9 million)(1) through the issue of up to 695,000,000 new shares in the Company ("Placement Shares") at an issue price of GBP0.055 per share ("Placement"). The issue price represents a premium of approximately 101.5% to the closing mid-market price on the AIM market of the London Stock Exchange on 22 August 2014.

CoAL is the holder of multiple large-scale coal assets that are strategically located in close proximity to existing logistics and infrastructure in the Limpopo province, with a combined resource base in excess of 2 billion minable tonnes in situ, with hard-coking coal as the primary product. Management has embarked on, and has substantially completed, a turnaround strategy with five key priorities, of which the final two outstanding are:

-- Completing the planned disposal of certain non-core assets (including the Mooiplaats Colliery); and

-- Securing funding of, and regulatory clearances for, the Makhado Project.
As further described below, the Company intends to use the bulk of the proceeds from the Placement, together with the proceeds from the planned disposal of certain non-core assets (including the Mooiplaats Colliery), to unlock the inherent value in the underlying resources over the short, medium and long termand provide working capital for the Company over the next 18 months.

Use of Proceeds

Subject to completion, the Company intends to use the expected proceeds from the Placement and from the planned disposal of certain non-core assets, including the Mooiplaats Colliery, primarily as follows:


Proposed use Amount
---------------------------------------------------- --------------
To settle the outstanding acquisition consideration US$30 million
of the tenements comprised in the Company's
Greater Soutpansberg Project.
---------------------------------------------------- --------------
To implement modifications to the existing US$25 million
plant at the Vele Colliery.
---------------------------------------------------- --------------
To resolve the current contractual exposure US$10 million
resulting from the take or pay provisions of
the throughput agreement between the Company,
Terminal De Carvao Da Matola Limitada and Grindrod
Corridor Management Proprietary Limited.
---------------------------------------------------- --------------
To settle the Investec Bank Limited working US$6 million
capital facility in accordance with its terms.
---------------------------------------------------- --------------
To fund the Company's expected working capital US$16 million
requirements for the next 18 months.
---------------------------------------------------- --------------

[chesty1] 22/9/2014 10:15

Anyone for a dump n pump......

[bad robot] 22/9/2014 10:15

Ok

Thanks for your great investment acumen. I will remember that we reach 5p today

[21trader] 22/9/2014 10:13

It does not matter I base a lot of investments and trades by the posters who are
ramping the stocks. If short term pump and dumpers like topinfo are on the thread
I know it's a 100% avoid and the price will be lower later on that week 99% certain that will happen.


But do keep calling me silly names behind your screen

[bad robot] 22/9/2014 10:11

Thanks 21tw@t.


Clearly you do not have a clue about this shares.

raise shares at 101% to sp, clue 5.5p.

It's up to you, you can watch like last time on wrn 60% rise while you were philophising . LOL

I really do not care much notice of some unvalidated tw@t who can't afford to pay advfn a few squids to become vaidated

[topinfo] 22/9/2014 10:06

21w@nker arrives lmao just like clockwork. Expect his other username to make an appearance too, stigolgist, damp squid and others

[bad robot] 22/9/2014 10:04

yes all the way 10p end of the week

[21trader] 22/9/2014 10:03

Canny pump and dump eh some nice reliable long termers here :-))

[sigora] 22/9/2014 09:59

at this rate tops will be near the last volume spike around the 18m , dont think peeps have cottoned on to this yet

[bad robot] 22/9/2014 09:58

volume picking up drastically

usually 1M-2M per day. we are 8.7M @ 11.00am

[21trader] 22/9/2014 09:58

If topinfo is pumping it then time to get out !

[topinfo] 22/9/2014 09:57

Volumes speak volumes too and this one today will be highest in a very long while I reckon. Almost 9 million traded already and its only 11am

[sigora] 22/9/2014 09:54

pretty certain these will head northwards now as the picture emerges the 5.5p placing a massive vote of confidence volumes allready good today bit more and these will fly

[topinfo] 22/9/2014 09:54

sig It looks great now doesnt it, look at AT volume buys coming in, what a turnaround story just developing here. No wonder they managed to get a 5.5p placing away when share price was just 3p, someone can see great value here and huge upside.

[bad robot] 22/9/2014 09:49

need more volume for that 3.6p to get smashed then we will go orbital