ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

CZA Coal of Africa

43.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Coal of Africa LSE:CZA London Ordinary Share AU000000CZA6 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.50 42.00 45.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Coal of Africa Share Discussion Threads

Showing 18126 to 18150 of 18225 messages
Chat Pages: 729  728  727  726  725  724  723  722  721  720  719  718  Older
DateSubjectAuthorDiscuss
20/10/2017
05:45
Update from conversations with company:Firstly, the company are still shortlisting potential CGA's but are beginning preliminary due diligence in a couple of weeks on a company that fits the requirements and is affordable.Secondly, in answer to your question boodge, the company is equally frustrated with regard to the share price given what they've achieved. They are going to start marketing the company more. I can see their point that previously this was difficult with 'the sword of Damocles' hanging over them. I've noticed recently there seems to have been a more positive spin in the press so maybe DB's been on a charm offensive!Additionally, if they can either land a second acquisition or when they get Makhado going then they'll be a medium tier producer and have a lot more visibility and increase the profile of the company.They are aiming to get a better spread of institutional shareholders, which will help liquidity in the stock. Again I'm left positive, they seem to be doing the rights things and they are confident a rise in the share price will come. They're definitely getting there.
2bozmo
18/10/2017
09:29
2bozmo , surely the board should be perplexed by the share price and some re assurance to the market around the valuation of the company be forthcoming , or is the market cap not of concern to the same ?
boodgewoodge
17/10/2017
19:11
The one day of heavy volume around the middle of september would have coincided roughly with the board approving of the change of makhado to makhado lite. The exitement lasted exactly one trading session with a ttight lid on the upward movement. The sale of mooiplaats, and has that been an albatross, was met with no reaction of the share price or volume of shares changing hands. ANY hint of a rising share price is rapidly snuffed out with a bid being matched even with negligible volume followed by an increasingly large offer at a level just below the previous offer but not matching the equally large bid thereby depressing the price but not disposing of volume which they could , until the bidders take them out .generally sellers have time constraints and the share price would have been substantialy depressed, this share price is just being capped ! Why and by whom? What has happened to the RE RATING of cza that so much hype revolved around becoming a producer let alone all the other accomplishments achieved since RIO's settlement! Something is just not right about this share price
boodgewoodge
17/10/2017
15:02
More then depressing. Exxaro and Universal are flying....even little olde Wescoal doing well. Coal prices making contract highs. Someone take us out and end this madness!!!
2bozmo
15/10/2017
18:55
Extrapolating from DB's last banter that he does not forsee any further share dilution it would seem that the second acquisition would be funded from the proceeds of mooiplaats ( an albatross which if gains full flight on or before the 1st November should most certainly steer the share price in the right direction conversely if there is a delay or if this deal fails cza is a share we'd wish we've never held ) thus being of a similar size to uitkomst which together should be more than adequate to render cza fully self sufficient. Plan B to use the mooiplaats proceeds to help fund makhado then we just stumble on at these pitiful levels and continue drifting lower until the same comes on line hopefully by 2019. Come on Mr DB don't fail us in this final stretch : wrap up the second acquisition, dispose of vele (sensitive location ) , Godspeed with makhado!
boodgewoodge
15/10/2017
04:32
I am not sure we could afford UNV now, would likely have to pay near 150 million aussie to get even a look at them,

anybody got any ideas about how we could get those level of funds?

benny67
13/10/2017
06:24
2bozmo ,are we not in a position to buy UC WITH their CFO ? makhado holds some serious reserves of the right quality coal , a second acquisition making us fully self sustainable in the near term whilst makhado is being developed places us well above the rest . mooiplaats needs to be fully concluded , the blackspear failure bitter taste still lingers on and that's what keeping a lid on the upward channel being harnessed or are there any other factors which you could please highlight ?
boodgewoodge
13/10/2017
04:56
Personally think someone like Universal Coal could buy us. The CFO there used to work at CoAL.
2bozmo
12/10/2017
17:45
The other thing that should spark interest in this share is another working mine as an acquisition.

What do posters think of a 2nd try at Universal Coal and also buying up the 74% SNRP used to have in Elitheni Coal?
hxxp://www.sia-group.co.uk/property1/elitheni-coal/

thevix
12/10/2017
11:45
that would be fantastic and possibly the pivot ! but who is keeping this share price under pressure ? given all the hurdles that have been overcome during 2017 (and some of them have been around for an eternity ) there is absolutely no reason for this pitiful valuation . if the share price was in the region of 200c ZAR do you believe funding or potential partners /JV's would be of any question ? what is the question of this company at this time in its cycle , and definitely it is not one of sustainability !
boodgewoodge
12/10/2017
09:23
I think DB might snaffle a few shares when he can. Currently in a closed period until after quarterly report
2bozmo
12/10/2017
06:20
Might be some more news at the end of the month in the quarterly update !!
channel pirate
11/10/2017
22:57
I can't understand the lack of interest in the market myself, but one thing feeds another. With such wide spreads no trading is happening, but then again that's because no one is interested in putting a limit order between the spreads.

I guess some kind of income with no strings attached is required. Hopefully November 1st will be the actual first payment date (but we don't know for certain yet) and also the first results from our working mine might be the catalyst.

Watching and waiting .... and getting older.

thevix
11/10/2017
19:06
A real positive picture and doesn't sound too much further to fruition, but this share price on the jse and the depth and volume thats on offer creates a scenario of a completely different company than the one DB and the board is steering quite rapidly and remarkably well out of an abyss! Surely they must be concerned of the market cap of their project and know full well the necessity to evoke interest and investment will be more easily achieved with an increasing valuation of their prodigy rather than a dwindling one. To not know who is keeping a lid and continous further devaluation of CZA should be adressed aggressively to keep the long comitted shareholders best interest as their best interest. It's just bloody ridiculous with all the hurdles that we've been waiting to remove tumble out of the way in such sequential and short periods of time dragging the share price down must be a concern to the board. I'd like to know who is responsible for this ongoing supresion of the value of this company
boodgewoodge
11/10/2017
14:13
Just came across this blog dated today. A decent read I thought, and good to see interest from market analysts;


Makhado to be developed ahead of Vele restart

hxxp://blog.ihs.com/makhado-to-be-developed-ahead-of-vele-restart

phil0001
10/10/2017
08:18
it would seem that the jse is waiting for the conditions to be fulfilled for the mooiplaats disposal given the uc debacle . need the board to be swayed in the direction of a second acquisition rather than the use of the proceeds for the development of makhado , a self sustaining company will attract more than sufficient investors for the makhado lite project
boodgewoodge
06/10/2017
12:21
thanks 2bozmo , that's the rather disturbing fact , the more boxes being ticked , the increasing number of sellers with increasing volumes on offer and they're quite confident to disclose their volumes which they should be aware of would no doubt be rather daunting to any prospective bidders thereby capping any upward movement and also limit liquidity further , how this serves their best interest leaves a person nothing short of being completely bewildered
boodgewoodge
06/10/2017
11:02
Boodge, sorry pal, don't understand it. PIC were the seller previously and they held about 8.5m shares and are now out (told so by DB). I asked the company last week and they don't have any extra visibility on buyers/sellers.I see peel hunt increased their target following acquisition of Uitkomst on 26/Sep. Must be increased further since Mooiplaats sale. We're ticking boxes. Few more to go but 100% confident we'll get there.
2bozmo
05/10/2017
09:31
any ideas for the reason of the mounting selling pressure , null and void the last 9 months progress it could be understandable , but given the full picture , is this even remotely justifiable ? 2bozmo i know you can help us out here
boodgewoodge
03/10/2017
13:26
not sure , but on the jse between 50 and 59 ,assuming that no one reloads there are in excess of 3m available who have no hesitancy to show themselves , very unusual for a low volume trading stock . a slow dumper would dispose of batches trying not to attract too much of attention , a rapid dumper has no choice but to settle for any price within that time limit . this is just a price / company suppressor !!!
boodgewoodge
03/10/2017
12:18
Was 3.5p the lowest placing price?
casual47
03/10/2017
10:18
someone needs to put the 54 55 and who knows how much further up the numerical tree on a diet as well !!
boodgewoodge
03/10/2017
09:10
Large seller previously was PIC but they are completely out I believe. Not sure there's any real overhang now, just need to break 50-53 resistance
2bozmo
03/10/2017
07:14
there is a big seller on the jse who is keeping this share price under tremendous pressure . anybody aware of something around this ?
boodgewoodge
02/10/2017
11:12
once we breach the 6p , you know the next stop ! not one to be selling with the second CGA i'm sure being looked at already
boodgewoodge
Chat Pages: 729  728  727  726  725  724  723  722  721  720  719  718  Older

Your Recent History

Delayed Upgrade Clock