Coal of Africa Share Discussion Threads

[boodgewoodge] 21/7/2015 07:47

hi , its a question of funding now ... successful sale of mooiplaats and strategic partner for makhado .... Who holds the purse strings for mooiplaats and more importantly WHEN ??

[oggyrocks] 20/7/2015 09:46

Thanks for update - just did a dummy buy and quoted 4.83

Lets hope for positive news

[neilcrom] 16/7/2015 13:37

anybody here watching JLP (PLATINUM PRODUCER). EXCELLENT RNS just now. and more are coming soon. copied below

JLP

RNS today confirmed 5.2m cash.
more cash will come another 5m cash on Tjate licence confirmation (in a couple of weeks).

so cash alone around £11m. our mcap now around £15m.

AND, tailing project will generate profit around 21m per year (ie 210m for 10 years)
Tjate project (which we are expecting licence) worth 1.7billion.

now, is this not JLP very undervalued?? i would say so!

[casual47] 23/6/2015 14:10

Bit of a slide. Confidence weakening regarding sale of Mooiplaats? Fear of dilution? Saw that locals are contesting the awarding of the mining licence in the courts.

Wish I had sold out now -- had broken even at 6p....

[baronstjohn] 14/6/2015 17:53

This could be an interesting week

[a2584728] 12/6/2015 08:03

Slowly slowly, loving this rise.

[ianio5691] 02/6/2015 16:47

RNS - 3rd tranche completed.....






ANNOUNCEMENT 2 June 2015

Successful completion of Equity Raise



Coal of Africa Limited, the coal exploration and project development company operating in South Africa, and traded on the ASX, AIM and the JSE, is pleased to announce the successful completion of Stage 3 of the share placement, announced on 26 August 2014. The completion of Stage 3 concludes the private placement which raised a total of £38.225 million (US$59.102 million) ("Placement") in three tranches.

Stage 3 of the Placement resulted in the issue of 144 million ordinary shares at 5.5 pence per share each ("Stage 3 Placing Shares"), raising GBP 7.92 million (US$12.39 million).

CoAL will apply for the admission of the Stage 3 Placing Shares to trading on AIM, the ASX and the JSE. Admission is expected to occur on or around 3 June 2015. The Stage 3 Placement Shares will be fully paid ordinary shares in the capital of CoAL and will rank equally in all respects with the existing fully paid ordinary shares on issue. Following admission there will be 1,743,368,613 shares in issue.

In addition TMM (Pty) Ltd have been granted 40 million options, with an exercise price of ZAR 0.3 per share and are exercisable for 12 months from 1 June 2015.



David Brown, Chief Executive Officer of CoAL, commented:

"This concludes the Placement and puts CoAL in a positive position particularly in conjunction with the recent award of the Makhado New Order Mining Right and the deferred consideration agreement with Rio Tinto."

[casual47] 22/5/2015 12:42

It will get there but may take another year, or two.

That's the problem with the share at the moment...there is no rush to get in

Most of the multibagging we'll see this year has already happened (and unfortunately I didn't top up when it was at the bottom)

[ianio5691] 19/5/2015 15:02

4-5% per day for the next week or so, until we get the 3rd and final tranche of the funding, then news on completion of Mooiplats sale...

Thereafter, I can see a re-rate back up to 20p+ in pretty short order.....