Coal of Africa Share Discussion Threads

[2bozmo] 13/4/2017 06:49

This is now a strong buy:The company should start to re-rate from an explorer to a producer. This should be done by the end of next month once the deal is complete. Following the incompletion of the Universal deal, the market might want to see completion before the share price reacts and in many ways this is understandable. However, in this case we now have the monies available for the purchase and not waiting for the Universal/Eskom deal to come to fruition.This is the first in a number of acquisitions, with another similar one expected in the next 6-12 months. The acquisition of Uitkomst is a positive first step. When this is coupled with the Makhado project and potential restart of Vele then it will represent a complete reinvention of the Company.The overturn of Makhado IWUL suspension and the completion of Vele licences are expected 'soon'. How soon is really out of our hands but the company are pushing hard now to get these done. Previously there was little incentive to get the IWUL overturned as there are on-going costs once this is done.

[boodgewoodge] 13/4/2017 06:38

surely the Uitkomst acquisition and the IDC loan facility should be guiding the share price into the upward channel

[casual47] 05/4/2017 09:49

Looking a lot better than it did.

Good to know the II who invested in this have averages of more than 3.5p

[ntv] 05/4/2017 07:53

looking at their acquisition from PAF looks to be a good fit and buy BUT
and it looks like a big BUTT
16% finance charges along with all the fees should mean ordinary shareholders see jack of this deal
ready for the shorting list

[channel pirate] 05/4/2017 07:51

Yes agree A2584728, but I don't think we will see a surge in the share price as mm's will hold this back being too many pi's will jump ship with a small profit as they have been waiting for so long. Anyone wanting to make bigger money then this might be a good time to add or buy in if not already on board.

Me, I have been here so long that another year or two might be worth the wait

Good Luck All who are going to risk the wait.

[a2584728] 05/4/2017 07:29

I think that 2017/18 could be transformational for this stock, I am currently out but recent research makes me think there is a potential huge upside?

[boodgewoodge] 04/4/2017 06:10

how long are we going to go on without an appointment of a COO ( not that we need one though ) and all those market updates from the CEO will they ever materialize ?

[boodgewoodge] 28/3/2017 12:35

this was no surprise to the board neither could the resignation have been , but their reaction i.e absolute awe and still in shock is not acceptable . a new COO should have been sourced (they've had enough time knowing full well what was going on ) and the position filled by now , so that they can get on with more pressing and company saving issues

[channel pirate] 28/3/2017 11:43

At the moment I would say more like ....clueless....

[casual47] 27/3/2017 13:26

Sub 3p once more.

Might as well put us out of our misery?

[boodgewoodge] 15/3/2017 06:04

surely they should have the funding in order for the acquisition of the cga and with a rapidly dwindling cash balance that should be priority one

[2bozmo] 14/3/2017 09:26

Cash coming in now.10m Yishun, 10m another inv, Mooiplaats soldPays off Rio etcGet Vele moving. And acquire CGAOptimistic

[casual47] 14/3/2017 09:22

To do what?

They'll have around 17 million USD soon, if they are just going to sit on their hands like they have done last year that should be more than plenty.

[a2584728] 14/3/2017 07:07

Cash call coming

[boodgewoodge] 13/3/2017 12:11

Universal Coal's NCC has honored its maiden delivery to Eskom ..........what is the missing piece here wrt CZA ?

[boodgewoodge] 13/3/2017 08:43

con call and webcast for tomorrow , any wagers on some upside news

[escapetohome] 10/3/2017 07:54

I would say that marble was still being fused as fine particles into rock, zeons behind.

The tortoise may win though.

[boodgewoodge] 10/3/2017 07:46

its worldwide accepted that Rome was not built in a day and that is understandable , but at the rate this board progresses they would still be sourcing the marble for the construction of the Colosseum

[boodgewoodge] 09/3/2017 09:18

any knowledge of any developments or progress on our plan of action

[casual47] 01/3/2017 11:21

Don't invest in ZA is the message, I think.

[boodgewoodge] 01/3/2017 09:46

we need the CGA and the board knows it , the urgency of which has also seemed to register with them finally , the capital raise ,the loan conversion , surely it can't be far off

[digger2779] 28/2/2017 21:03

I think people are peed off with this gem

[allend47] 28/2/2017 20:57

oh dear , a few sales today. Does somebody know of bad news?

[boodgewoodge] 24/2/2017 12:45

if CZA takes this long and counting , to secure funding for an acquisition that is , if we use Keaton as an example 600 mil ZAR / 50 000 USD as one of its major steps in its plan to turn the company around , then what would be the expected waiting period to get the Makhado project going around 400 million USD estimated (dont even try to put that in ZAR value )