Coal of Africa Share Discussion Threads

[dr_ex] 27/4/2015 19:38

Bossman, aint that the truth :(

happy we are rising, need to wait for the higher low and then its trend-bend time!

[oggyrocks] 23/4/2015 07:02

I think the best we can hope for is the business is in a position where it will be taken over and then developed.

He's doing a good job at a bad time for resources prices.

10p Max is what I think we could get back. Can't see this staying a stand alone company or it will go bust.

Good luck all. Decent update today. No surprises and no shocks.

[bossman1978] 22/4/2015 15:14

Only another 90p to go

[satoshinakamoto] 20/4/2015 11:47

Yayeee, back to 90p what u paid, lol

[seagreen] 17/4/2015 20:56

shhhh stop posting radio silence until it hits 4p

[jotoha2] 17/4/2015 16:34

Do not wake up the trolls , this little baby is being nicely run up for a good reason.

[a2584728] 17/4/2015 09:07

what are the chances of a Mittal bid? Quite high i suspect.

[buywell2] 07/4/2015 11:24

Your in for a punt as well then

Nice one here , bit more than the last which has now sold



Duck Punt ............. | Add to Watch list

Seller information
streetdori (131 Feedback score: 131)
100% Positive Feedback


Item information


Condition: “Newly rebuilt”

Time left: Time left: 5d 06h (12 Apr, 2015 18:57:44 BST






£1,200.00


Buy it now

Add to basket

Make offer

[channel pirate] 02/4/2015 08:42

Well here we are at 1.25p to buy today (02nd April)and with another chunk of shares being issued at the end of the month then what will be the new low !! I have put money aside to add to my holding here when that happens. GLA

[buywell2] 24/3/2015 08:27

Small chickens then


ebay


BOAT.PUNT FOR SALE SIZE 8ft x 4ft no paddles.
£150.00
0 bids
Collection only: Free

[casual47] 19/3/2015 11:02

He gets paid a basic gross salary of 5.5 million ZAR, or about half a million dollars, so 7K GBP is pretty much chicken feed, I would say....

He's the CEO and his shareholding is not that much bigger than mine, and I'm only in for a punt....

[ianio5691] 19/3/2015 07:56

RNS

Director share purchase...

David Brown buys 500,000 shares at 1.46

That's roughly £7300.

Hardly chicken feed by anyone's standard, and a real vote of confidence. Well done Mr B!

[ianio5691] 20/2/2015 11:06

Good bit of PR....

hxxp://www.worldcoal.com/exploration-and-development/18022015/Project-profile-Coal-of-Africa-Ltd-coal1893/


Project profile: Coal of Africa


Coal of Africa Ltd.

Coal of Africa Limited (CoAL) is a coal exploration and development company operating in South Africa listed on the ASX, AIM and JSE. CoAL is focused on the development of three major projects in the Limpopo Province of South Africa and, in doing so, will become a significant hard metallurgical coal producer.

CoAL holds a significant resource that comprises of more than 2.3 billion t of mineable tonnes in situ (MTIS) and over three separate projects: the Vele coal mine, the Makhado project and the Greater Southpansberg Projects (GSP). The resource consists of both thermal-grade coal suitable for both domestic and export markets and – importantly – metallurgical coal.

The development of Vele and Makhado will enable CoAL to produce more than 6.7 million tpy of saleable coal, of which more than 40% will be metallurgical coal. The metallurgical coal component can be divided into a semi-soft and a premium hard product. CoAL has chosen to develop the projects in a staged approach, given the capital, water and environmental requirements needed to develop the resources.

The quality of the resource has been tested and verified by independent third parties and has proven to be of excellent quality. The semi-soft metallurgical coal has the ability to be used as a metallurgical component or can be used as a thermal product. On the basis of drill sample test work, Makhado coal can be classed as a medium volatile, hard metallurgical coal. Quality testing at GSP has not been completed but verification studies have not only proven the existence of the hard metallurgical coal but have shown that the quality of the coal is on par – if not better – than that at Makhado.

Being a producer of metallurgical coal in South Africa holds great commercial advantages, as the coal trades at a significant premium to thermal coal (previously a 50% premium; even higher in the recent past). The second advantage is the scarcity of metallurgical coal production in the country: CoAL will be the only domestic supplier of metallurgical coal in South Africa, which as a country is a net importer of the commodity.

Vele has a valid mining right and has already submitted amendments to the water use license to incorporate certain plant modification requirements. The Makhado project is currently awaiting receipt of a New Order Mining Right, which will be an important step in the regulatory process. Receipt of the mining licence is expected in 2015. The GSP has submitted all applications for the mining rights and is awaiting the required approvals.

The common pitfalls of new projects developed in South Africa have already been assessed by CoAL and the projects have sufficiently proved its feasibility by having very reliable access to logistics, including infrastructure, water and employment. All projects have access to existing rail and road infrastructure allowing for instant access to local and export markets.

The Vele coal mine

The Vele coal mine is a semi-soft metallurgical coal and thermal coal resource based approximately 45 km from Musina. Vele commenced production in 2010 and produces an export grade themal coal. The mine suspended production in 2013 in anticipation of a planned plant modification that would allow it to produce a dual product stream of both semi-soft metallurgical coal and thermal products.

The planned plant modification is expected to commence during 2015 and will allow the coal mine to be back in commercial production by early 2016. Total CAPEX for the plant modifications will be US$25 million. Following the modifications, Vele will have an initial 16 year life of mine (LOM). The mine also has an additional resource that has not been included in the current valuation and could possibly extend LOM to 50 years.

The Makhado project

The Makhado project is the company’s flagship project. It is a hard metallurgical and a thermal coal resource located in the magisterial district of Vhembe in Limpopo Province and represents CoAL’s first project within the Greater Soutpansberg coalfield.

The project will be an opencast mine capable of producing 12.6 million tpy of ROM coal, yielding 5.5 million tpy of saleable product. More than 40% of the saleable product will be a high grade hard coking coal, making it the only producer of hard coking coal in South Africa. The remainder of the saleable product will be a thermal product suitable for domestic or export markets.

Construction is scheduled for 2016 and will take 30 months to complete, bringing Makhado into commercial production during 2019. The initial capital requirement (including working capital) is in excess of US$400million.

Greater Soutpansberg project

GSP the CoAL’s long-term greenfields project; development is planned for the future. It is divided into three separate developments: the Mopane, Chapudi and Generaal projects. GSP is still in the exploration phase but is measured to be more than four times the size of Makhado. The successful development of these projects will secure the supply of hard coal to the domestic and export markets for an estimated 100 years.

The catalyst for growth

The Department of Minerals and Energy in South Africa has implemented a beneficiation strategy that encourages the development of a mineral value chain and facilitates the expansion of beneficiation up to finished product. It also promotes employment and the social and economic welfare of all South Africans.

The scarcity of the production of hard metallurgical coal in South Africa provides CoAL with the opportunity to replace a significant portion of the product that is currently imported for use in the domestic steel manufacturing process. The large-scale production of coal at Makhado and GSP will play a catalytic role in the support of the local steel manufacturing process.

The CoAL projects also have the potential to bring significant economic benefits to a very under developed area of South Africa. The Limpopo region has the highest unemployment rate in South Africa. The CoAL projects have the ability to create sustainable economic growth in the area that stretches far and beyond just profit margins. The production of a scarce commodity, accelerated by the possibility of support to value chain creation, encourages job creation, skills developments, economic growth, the establishment of essential infrastructure and the increased use of rail road and port services. The development of a significant resource of high quality thermal and metallurgical coal is not only the future for CoAL, but also a valuable contributor to the people and economy of Limpopo Province.

Written by Coal of Africa Ltd. Edited by Jonathan Rowland.

Published on 18/02/2015

[ianio5691] 19/2/2015 15:08

Spread now 1.6 to 2.25 on very few trades....
At least its going up.

I think....??!!

[digger27] 18/2/2015 11:44

There is absolutely no rhyme or reason to the share price here. I reckon the mm's just pick a number out of a hat as the starting bid never resembles the previous closing bid on any given occasion. It's a wonder we secured any funding but here's hoping the investors know what they are doing as they have paid a hefty premium.
I predict tomorrows opening bid will be 1.65p...any advance on that?

[channel pirate] 06/2/2015 17:09

I am expecting the share price to drop when the last tranche of 'funding' shares are issued at the end of April, but I wasn't expecting to see buying at under 1.6p (1.58p last trade buy today) with still so far to go before Vele starts producing. A "true" penny share by then ???

[arja] 20/12/2014 11:03

yes, averaging up is the way to go and only average down with a blue chip company which you are certain is a good long term investment . I had this stock and traded it a few years ago but have not followed it of late .

[oggyrocks] 17/12/2014 11:09

Had expected this to fall even further after today's news, so surprised that still just about still alive.

But there are so many leaks with this company that everybody knows everything before the Pi. This news priced in with fall over last week.

Oh well - the pain continues. Why did I invest here. And then try to catch the falling knife !!

[ianio5691] 17/12/2014 10:26

Good news that the funding is coming, and cash will not be an issues moving forward.

We can now focus on getting Vele up and running, and consequently our new developments.

Interesting that TMM are still included in the 2nd stage, but for a smaller amount, and also that Investec are involved. Investec have also been accumulating on the open market according to recent RNS's, so they must see the potential.

Whilst nobody likes the dilution that these placings bring, lets not forget we now have cash in the bank, and no immediate funding concerns.

We were trading at £1.40 per share 4 years ago!!!!

We are currently priced at junk status, and expected to fail. Nothing could be further from the truth. We have addressed our major concerns, bottomed out, and our turnaround is happening.

2015 is going to be a stonking year.



GLA

[channel pirate] 17/12/2014 07:59

Think I will wait now to buy anymore shares until we have everything in place and the share price starts to move 'upwards'. No good chasing the share price as it falls anymore.

I just look at some of the other stock I used to own but converted into cash whist in profit - would be sitting on a heavy loss if I had held on to them - beginning to wish I had done the same here, but feel sure we will see an improvement later in 2015. GLA

[patio58] 17/12/2014 07:05

Seems the issuer is having concerns.

[ianio5691] 15/12/2014 19:52

I thought the deadline for the TMM 2nd phase of fund raising was the 22nd December.
If we don't hear that it has successfully completed this week, I dread to think where we will end the year.....

[channel pirate] 15/12/2014 19:35

Thanks digger, and Best Wishes reciprocated to you and yours this coming festive period.

Didn't see todays drop coming, but assume it is related to the article I copied and pasted in 10078 above. No RNS from the company though. Let's hope they (CZA) don't announce they have done "part 2" of the issue of equity (re 10072)just now otherwise we are going to see us down towards 1p share price

I have more funds set aside to increase my holding here, but was hoping it wouldn't be until we are near the ramp-up of Vele later next year.