We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conti.Coal | COOL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.10 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.10 | 1.10 |
| Top Posts |
|---|
Posted at 06/6/2016 16:13 by pratt2 Hi everyone. Does this mean then I'm stuck with Conti dud shares in my UK broker account? I m with Interactive Investor who I don't think deals with ASX.Can someone please advise best course of action? Thanks. |
Posted at 20/5/2016 11:48 by leslee UPDATE 11.25am: The Federal Court has appointed provisional liquidators to take control of would-be South African coal miner Continental Coal, rejecting a last ditch attempt by executive director Peter Landau to retain control of the troubled company.Justice Michael Barker yesterday ordered McGrath Nicol’s Robert Kirman be appointed provisional liquidator of Continental Coal, ahead of a May hearing on a winding up application made by the Australian Securities and Investments Commission. Justice Barker said that, despite the “frantic and desperate efforts” of Mr Landau to put together a $US5 million rescue package, the company was without proper governance and management. ASIC had alleged that up to $3.3 million was misappropriated from a 2014 capital raising run by Continental Coal. Affidavits included in Justice Barker’s judgment accused Mr Landau of withdrawing and spending the $3.2 million proceeds of the September raising, when the money should have been held in trust as shares had not been issued to subscribers. ASIC alleges $932,000 was paid to Mr Landau’s private company, OKAP Ventures. That cash was distributed, including to Mr Landau’s personal accounts. When investors sought the return of $1.9 million, ASIC alleges Mr Landau misappropriated cash from ASX-listed Citation Resources — of which he was a director until January — to make the repayments. ASIC says $1.6 million was transferred from Citation to OKAP in June 2015. OKAP then transferred $486,800 to Continental Coal to help repay subscribers. Mr Landau did not address those allegations in his own submissions to the Federal Court, but said the fact he had not done so “certainly does not mean that it is conceded”. The Federal Court has also frozen Mr Landau’s personal assets in a related case brought by ASIC, which returns to court next week. |
Posted at 24/10/2014 09:47 by queenwood if anyones interested i hope cool investors keep posting on here when we start trading again in ausi:0) |
Posted at 10/8/2014 13:58 by the stigologist LOLthe 'intelligent investors' thread was set up by c31161 |
Posted at 02/8/2014 07:00 by napoleon 14th Nothing on company website yet.I guess we'll find out from brokers soon enough what XR get as PIs. Can't see much choice but to subscribe & average down, then hope for the best... GLA. |
Posted at 01/8/2014 07:09 by mrshaungcm 4.1. RecapitalisationDuring the Quarter the Company progressed with its previously announced Rights Issue. This proposed non-renounceable pro-rata Rights Issue is planned to raise approx. A$35.1m (previously noted as up to A$31.7m) at an offer price of A$0.005 per new share and the Company has appointed Paterson's Securities Limited as Corporate Advisor and Lead Manager to the offer. The Company has received strong interest in participation in the Rights Issue from institutional and sophisticated investors in Australia, Europe and South Africa as well as a number of commodity trading groups and specialist coal mining investment funds. Proceeds from the Rights Issue will be primarily used by the Company to repay unsecured convertible noteholders, loans and royalty holders, repay bridging finance, reduce the Group's other borrowings, provide funds towards the development of the Company's advanced coal mining projects and provide working capital. The fund raising will allow the Company to complete its planned recapitalisation and restructure of the Company's balance sheet, substantially reducing the Group's total indebtedness The fund raising is being completed after reaching standstill agreements with key unsecured convertible note and royalty holders, after negotiations of its Coal Supply Agreement with EDF Trading and with negotiations with ABSA Bank (in respect to the debt financing for the Penumbra Coal Mine) which are ongoing. Full details of the Rights Issue are scheduled to be released to the market shortly. 4.2 Proposed listing on the Johannesburg Stock Exchange The proposed listing has been postponed until such time as the recapitalisation of the Company has been completed. 4.3 ASX and AIM share trading suspension As at the date of this report Continental's securities on both the ASX and AIM markets continue to be suspended whilst the Company completes the Rights Issue. |
Posted at 05/4/2014 00:32 by mhin2 Landau is incompetent and, it seems, all those he is associated with are the same self enriching incompetents. Keep an eye on names and the offices from which they operate. The are vampires on the Personal investor, whist making money for the institutional investors (see OKAP as the vehicle) |
Posted at 14/2/2014 13:05 by queenwood from todays coal mag 14 febSouth African miner Continental Coal has announced that it received US$ 4.48 million in bridge funding to help the company make key payments to creditors. Continental also said it was making good progress with its larger recapitalization plants. If all conditions are met, the funds will be used to pay creditors and ensure a three-month standstill period to recapitalize and restructure the company's financial arrangements. "Importantly the company will focus on, and ensure, stability at an operational level with the company's current mining operations whilst saving significant costs at the corporate level," Continental said. Domestic and global market Interim chairman, Paul D'Sylva, explained that Continental Coal remained well positioned to supply the domestic and global market from two operating coal mines, Vlakvarkfontein and Penumbra, producing approximately 2 million tpa of thermal coal. "We have received interest from a number of globally recognised energy investors/traders to participate in the company going forward, which we expect to finalise shortly," D'Sylva commented. Strengthen partnerships Continental added that it would look to strengthen its partnerships with state-owned utility Eskom, logistics group Transnet and the Richards Bay Coal Terminal. As part of the bridge funding agreement, CEO Don Turvey, CFO Lou van Vuuren and non-executive directors Mike Kilbride and Johan Bloemsma have left the company, with Ron Chamberlain and Bernard Swanepoel having also resigned. |
Posted at 12/1/2014 12:59 by c31161 Replying to e-mailed questions, Continental chief financial officer Lou van Vuuren told Business Day Continental was now trying to raise $15m-$20m in new funds and another $5m-$10m by converting debt into equity."We want to ensure that once this transaction has been completed, the company has a sustainable capital structure that will allow it to deliver on its next development project - De Wittekrans," he said. "Gearing is very high, which creates additional risk for investors that already take on risk investing in the junior mining sector and then also in SA. "Village and our other shareholders and stakeholders are engaged in this process, as well as a consortium of new investors." Continental operates the Penumbra, Vlakvarkfontein and Ferreira mines, producing 2.2-million tons of coal a year for the export and domestic markets. |
Posted at 03/7/2013 10:12 by troutisout Well, he should be delighted that COOL will actually be making ten times his figure and with a similar production revenue forecast for next year, development costs are now covered, this should be wonderful news. It is but one mine though and others have got development costs to be paid for. However, as more mines come into a similar situation you can see how the payback will increase dramatically.I read the hotcopper site and cannot believe the whinging Aussies, I thought they were experienced resource investors, yet instead of blaming their own naïve investing, they seem to have a grudge against the company, Directors, ex-Directors and it's advisors. Well wake up, these types of shares are high risk and there is always a period where the early investors get stuffed as fundraisings cause dilution at weaker and weaker prices. However this is definitely in a better position now and starting to reap some rewards from it's investments, today's News is an example. I don't expect Aussie investors to be positive about this stock for a long time (certainly we are still going to be reading posts by those who have sold up and taken heavy losses), however I think AIM investors can be a lot more positive on this and from these levels I certainly am. DYOR, Trout. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
