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 Shares Traded Last Trade
  0.00 0.0% 43.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
42.00 45.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -13.56 -0.59 860
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 43.50 GBX

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Date Time Title Posts
16/7/201912:14Coal of Africa - 2.3 billion tonnes of potential11,005
23/12/201319:29Coal of Africa7,179
08/1/201319:17Cole of Africa17

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Coal of Africa (CZA) Top Chat Posts

boodgewoodge: 1.legacy issues put to rest 2.expanding balance sheet , cga delivering , increasing commodity price possibility of higher pricing of offtake agreements 3.only 2 more land rights to secure 4.further cost saving by delisting from? asx 5.share price that allows participation by fund managers and investment houses 6.second cga shortly , mentioned by Mr Brown more frequently at every public conversation 7.very likely sale of further non core assets (vele please ) shortly again spoke about more frequently by Mr Brown 8.funding, shorter time to production, offtake agreements being discussed and solid volume of high demand coking coal waiting to be disposed off. Then why would anyone pressurise the share price post consolidation? Consolidation being the quickest route to get the share price out of the penny range . Any ideas why the share price could possibly go south post consolidation with regard to this company specifically?
boodgewoodge: 2bozmo ,a quick look at the YTD graph of the share price and i would advise to invite Mr Brown to accompany you !!!
ianio5691: At present - the share price is 3p to buy. From memory, the Chinese invested and were given trillions of shares at 12p and 24p. It is therefore not currently unreasonable to hope that the shareprice, given grounds for a decent recovery, could re-visit those prices. It rose very quickly to 7p, on rumours of our calamitous bid for universal. Once we get a 20-1 consolidation, our shareprice will become 60p. It would need to then hit £2.40 and £4.80 to achieve comparative returns..... Never seen it happen before, and there is nothing to indicate we would see it here. David Brown and the BOD have stuck it to long term holders in a big way. Unforgivable!
ianio5691: It also takes the volatility out of the share price, and makes re-rates that much more difficult. Our BOD seem determined to stick to long term holders! "As a result of the momentous progress...." WTF! Look at the share graph you w@nkers.....!
2bozmo: 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.
boodgewoodge: 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: Looking back over the last eight months it's unfathomable that we're still languishing at this pitiful share price given the way the good news has been constantly churned out over the same period. Just the sale of mooiplaats with hopefully no strings attached such as a partnership or the equivalent, and a second acquisition to adequately cover running expenses and perhaps place CZA in a cash positive position until Mak Lite starts producing should finally position the company to fulfill DB's QUANTUM LEAP promise for CZA ! How much more of a share dilution could be expected for the second acquisition ? Could mooiplaats really have a suitor in the near future who is ever going to have completed their due diligence and have the financial muscle to pick it up for who knows what purpose! Uitkomst better have some broad shoulders and be able to surprise on the upside , an acquisition of sustantial salt to justify another share dilution and the back of Mooiplaats is really overdue with no further kicking that can further down the road
channel pirate: Don't tell me that the Rio Tinto legacy agreement has not been a big drag on the share price, therefore I was expecting the market to mark the share price up a bit more than they have done at the moment. Maybe the mm's are hoping to get rid of a few "loose rocks" at a cheap price before they "adjust" the share price !!
2bozmo: If we wanted to pursue Universal then we could easily have extended deadline further. Possible outcomes:1) NCC cuts a short term deal with Eskom that will meet our 12-month requirements and meet AIM requirements. Eskom paying over the odds so deal could be made.2) we have a number of parties interested in Makhado, one of those (or someone else, eg. Ichor) provides working capital to meet AIM requirements;3) we forget Universal deal. The market didn't react when we announced the deal in November, a few London specs sold out today hence lower but more interested in buying dip on JSE which closed only 4 ZAr lower at equivalent of 3.90p;Remember this is a reverse takeover and we still have great assets in Makhado, Vele, Mooiplaats and GSP, which by themselves should be valued at more than the current share-price. Could argue the Universal deal has been holding back the current CZA share price given performance of thermal coal and dilution.I've met David Brown a number of times and trust him and management team. He's still confident today this deal gets done, and setting a deadline of 15th means management sit around the table and hammer something out. Yes we could have extended deadline and CoAL must have a reason. Yes, we would have had to have had another EGM to allow issuance of shares past 3 August deadline but is that such a hardship to get assets? Overall this fixed deadline isn't necessary a bad thing. Given the consolidation expected in this space, will this ultimately make us a takeover target?It's definitely going to be interesting next week.
casual47: Looking at PDF again they are talking about 34% stake in Baobab Mining & Exploration (Pty) Ltd, the subsidiary that owns the Makhado Project. So the question many pence in the share does Baobab Mining & Exploration (Pty) Ltd represent within the CZA share price?
Coal of Africa share price data is direct from the London Stock Exchange
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