Coal of Africa Share Discussion Threads

[2bozmo] 07/3/2016 12:45

Have to believe commodities are bottoming.....Iron Ore Jumps Most on Record as Market Goes 'Berserk' on ChinaBy Jasmine Ng(Bloomberg) -- Iron ore soared the most ever after Chinese policy makers signaled their willingness to buttress economic growth, boosting the outlook for steel consumption in the top user and igniting speculation that some investors who'd bet against the market had been caught out.Ore with 62 percent content delivered to Qingdao jumped 19 percent to $63.74 a dry metric ton, data on Metal Bulletin Ltd.'s website show. That's the biggest gain in daily data going back to 2009. The surge was preceded in Asia by a rally in futures, with the most-active contract on Singapore Exchange Ltd. climbing 21 percent to $60 and prices on the Dalian Commodity Exchange rising by the daily limit."The iron ore and steel markets have gone berserk -- they've departed from fundamentals and are heavily driven by sentiment," Zhao Chaoyue, an analyst at China Merchants Futures Co. in Shenzhen, said before the Metal Bulletin price was published. "Investors are expecting further monetary easing by the Chinese government to boost steel demand."Iron ore has powered higher in 2016 as steel prices have strengthened, undermining forecasts for further losses driven by mounting low-cost supply from Australia and Brazil and weakening demand in China. At the annual National People's Congress at the weekend, the authorities said they'd allow a record high deficit and higher money-supply target to support growth of 6.5 percent to 7 percent.

[gavinbell] 07/3/2016 01:00

FYI

iron ore price is moving up. was $30 early the year and now $50.

watch SBLM, it has huge iron ore assets and worth 3p. share price now only 0.6p and still below 10m mcap.

SBLM also have coal and has recently signed agreement with african govn for generating electricity, similar to KIBO.

[yinyang888] 04/3/2016 12:38

Those new shares were issued at a considerable premium which is fine. The main catalyst for the shares to rise would be the price of coal and general sentiment in the commodities market. A lot of good has been done in the past year or so and the shares are undervalued with a market cap less than 50m imo.

[ianio5691] 04/3/2016 12:31

There are 1.9b total shares in issue giving us a market cap of just over £44m.

HEI shares will be tightly held to give them a controlling say going into production.
It is the traded shares in Free issue that will control the price, and the price per share will increase when we get a visible route to production.

I expect these to be trading in the 10p to 15p range when the dust has settled on the UC deal....

One to buy and hold.

[sandman99] 04/3/2016 12:25

You cannot keep issuing new shares and expect the price to increase.
HEI are now holding approx. 0.46 billion shares, how many more are going to be issued ?

[casual47] 04/3/2016 11:44

Best not get carried away. There has been lots of positive news in the last 6 months and the share price has been caught in the same channel.

It obviously isn't as straightforward.

[2bozmo] 04/3/2016 11:41

Coal has been rallying $50.70 bid this morning for API4 Q2 having been down at $44 earlier this year Indian demand meant Richards Bay stocks getting tighter. Colombian strike also helping underlying price.Think yesterday news significant that acquiring UC with shareholder approval. Now have Income and are a producer! Should re-rate soon. Get financing agreed on Makhado and we're north of 10p

[yinyang888] 04/3/2016 10:11

Commodity rally is gathering momemtum! It will feed through to coal, still a very valuable commodity especially in Africa.

[2bozmo] 14/2/2016 11:54

Indeed boo. Biggest rally in crude for 7 years. Hopefully feed through into coal. Richards Bay stocks have been going down and relatively tight - CRU expect thermal coal to be the best performing commodity this year. Universal Coals assets definitely help the cause!

[boodgewoodge] 12/2/2016 14:45

can some one please advise CoAL of the commodity rally on the way at the moment !!!!

[boodgewoodge] 05/2/2016 13:20

thanks ,will go through it this weekend

[boodgewoodge] 05/2/2016 12:47

thanks ,will go through it this weekend

[2bozmo] 05/2/2016 12:24

Offer documentation on website worth a read, highlighting assets owned by Coal and Universal.Also good piece on UC from January http://spintelligentpublishing.com/Digital/Mining-Review-Africa/issue12-2015/files/26.html

[2bozmo] 05/2/2016 09:29

You would hope, but EGM not until 3-March. Seems more interest to trade this on JSE than in London. And looks like might break higher out of recent range there. Still maintain once funding deal is finalised for Makhado following earlier MOU, we should be trading well over 10p. Expect that 2016 H1

[boodgewoodge] 05/2/2016 07:33

thanks , so it should be a clear path from here , should there not be some serious interest in the company ?

[2bozmo] 05/2/2016 07:02

They've already said they're not and withdrawn their bid

[boodgewoodge] 05/2/2016 06:49

today has been earmarked for the day that ichor is going to announce if they are going to increase their bid for universal or not , does any one have any insight into this ?

[2bozmo] 01/2/2016 17:43

GSP resource is the blue-sky. Huge resourceCoAL updates the market on mineral resources, ore reserves1st February 2016 BY: MEGAN VAN WYNGAARDT CREAMER MEDIA CONTRIBUTING EDITOR ONLINEJOHANNESBURG (miningweekly.com) – As part of its proposed acquisition of fellow miner Universal Coal, dual-listed Coal of Africa Limited (CoAL) has updated the mineral resources and ore reserves for its material projects – the Makhado project, the Vele colliery and the Greater Soutpansberg Project (GSP).The mineral resources and ore reserves for the projects have been updated from the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2004 Edition to being in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 Edition.CoAL's flagship Makhado project had a measured, indicated and inferred mineral resource of 796-million tonnes and a probable ore reserve estimate of 188-million tonnes.The Vele colliery had a measured, indicated and inferred mineral resource of 794-million tonnes, a proven ore reserve estimate of 24-million tonnes and probable ore reserve estimate of 301-million tonnes.GSP had a measured, indicated and inferred mineral resource of 7.16-billion tonnes.

[boodgewoodge] 29/1/2016 19:09

ichor must please look elsewhere , with respect to universal we want it ALL and we want it NOW . its affordable , its well located , its productive of fair volumes and the right grade and most of all even at current coal prices its profitable immediately ! the only missing piece of CoAL's puzzle ( and it is a really puzzling why we are still trading at the 50 to 60 cents ZAR given the last couple of SNS/RNS 's including the quarterly update ) is an income generating asset . Universal is a gift for CoAL and will see us through a long and lengthy and not to mention obstacle filled course until Makhado starts production . its only apropiate that the board takes care of the share holders , who have stood by them through eons of time , to ensure 100 % ownership of their flagship for now , Universal Coal !

[2bozmo] 29/1/2016 18:22

So Ichor Coal are not increasing their bid but it appears they want to keep their 30% ownership of Universal Coal. It would not surprise me in slightest if CoAL made them a partner in the project. Whether they're with us or not then it's still a great deal for us. Ichor wanting to keep their UC holding would suggest has value - CRU have predicted the best performing commodity of 2016 will be thermal coal. Hopefully all global coal markets will be higher by the time Makhado comes into production.Also worth noting GBP/RAND has fallen 4 per cent this week so should give AIM more confidence! Some of the weakness on AIM has been driven by the rand which now appears to suit market conditions having been in free fall.

[tburley] 28/1/2016 15:17

The 45,000 was a buy not a sell.

[2bozmo] 28/1/2016 12:44

Well it's amazing what we're achieving here, management deserve better than this share price for quarters performance.Ichor have until 5-Feb to increase their bid for UC. From my conversations with Macquarie this is unlikely to happen. Hopefully full steam ahead soon.

[2bozmo] 27/1/2016 14:40

Quarterly update on Friday. Come on baby.....

[boodgewoodge] 23/1/2016 07:04

where did the Makhado idea come from suddenly ! you know something we don't ??

[2bozmo] 22/1/2016 14:26

Coal rallying with Crude. Let's hope mkt wakes up to Makhado news