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really underwhelmed,, maybe 1st qtr of 18 , i had NPV AT 10P min,
Agree with bozmo. We're due further consolidation in the sector. Could be Exxaro or even someone similar like Universal Coal not to mention Chinese or Indian
up 15%
Great to see .them now moving in right direction. Bozmo not sure that would be possable with the chinese .and other II. Unless they made a offer. Who do you think thanks inadvance
Indeed. David Brown is producing the goods here. They've achieved a fantastic amount over the last nine months and it definitely feels like the strategy is coming together: 1. Rio Tinto resolution 2. sale of Mooiplaats (last of the legacy issues resolved) 3. IDC funding 4. Uitkomst acquisition 5. rework of the Makhado Lite . The next 6 to 12 months is exciting too: 1. Finalisation of the surface rights for Makhado. 2. Marketing/off take agreements 3. Funding for Makhado 4. Acquisition of a second cash generator 5. Vele - to sell or or mine Personally think someone will take us out before we mine Makhado
I told you so . David brown ! Blue sky Buy
:+)
Fantastic news and signposted on Friday that was imminent. Now where? 10p? Everything beginning to take shape and coal prices have been flying.
RNS out... Mooiplats sale comleted
Rio Fuerte Ventures president Jos� Alfaro advised that coal has outperformed other commodities in 2016/17, as policy supply disruptions drove the basket price down last year to around $77/t, from where it climbed to about $177/t today. China�s steel value chain is the main driver, with iron-ore and met coal imports steadily rising. He pointed out that Chinese demand has tipped the balance, pushing prices up over the past 12 months.
Premium quality coking coal has in recent times traded at $209/t, up from $150 in June, and double where it sat for much of 2014 to 2016.
Mooiplaats sale imminent....
Great RNS, and combined that with Uitkomst and we're in a great position. Yet no volume, quite depressing.
update since 2011. very excited. hope sp follows suit soon . makhado lite looks very exciting. 700000 tpa coking with 19 percent yield and a million tpa export thermal at 25% yield! very encouraging. and another cga on its way. and only 100musd to develop and all in 12 months!!!! back of box return for makhado (100m usd payable after 4 years!!!!) very positive how do you guys see it>??
RNS out. Didn't expect anything until Friday. Positive
dont think we will be taken out unless it is very very very sweet. too many chinese investors that want a piece of african minerals and footprints. and that energy park is huge! all the best hemms
I've no doubt we'll get there and full confidence in management, DB is a very savvy operator. Interesting to hear Uitkomst production numbers esp given rally in coal prices since we took ownership. Hoping we can finally dispose of Mooiplaats to free cash for acquisition. If we tick all our boxes then someone will take us out in 6-months time when everything completed.
taking into consideration that the free float is 22% (give or take a few) and that the ii are satisfied i can only imagine that it is pi that has lost patience and are cashing out. nobody at management has promised a deadline for news on any of these issues to me and i think the news will come when it is ready and all things are in place. looking at the oil price i suggest that perhaps coal prices may be lower over the next 18 months, and china is cutting iron imports and met coal used for steel making. however the energy park on the doorstep of makhado met coal and thermal coal fields (funded by chinese company that has a big stake in cza) excites me. africa industrialisation and steel to be supplied to africa. and thermal as a by product.
He's super positive about Makhado Lite and coal prices. Mooiplaats they were hoping for end of September but always waiting on that...
havent spoken to the guys since early august and that satisfied my questions. the sp however keeps on tanking..... ? i
Have u heard anything further on Mooiplaats sale or Makhado Lite?
There is LIte at the end of the tunnel. News coming soon.
I am sure the numbers will follow. Uitkomst acquisition is a start after the 5 plan turn around strategy was completed in july with the payment to rio. ( legacy issues sorted). Uitkomst is not big enough we will need another cga. However its the first af many post legacy issues deals and you can look at those 4 points in my previous post. They will all be achieved come 2020. Funding is in place. Top ceo that meticulously is putting averything together. These sp levels wont last long. I share all the frustration but management had to clean house before taking on new deals and challenges. Company in a far better position than 18 months ago. Getting things done in sa also takes forever but having said that our trade and industry department supports the energy park to be built by chinese on the doorstep of makhado coalfields.Sp will follow. Buy more at these levels. Opportunity.
Hi Jantand, Thanks for reply, good to know somebody else out there keeping the faith! Always read your posts as always the optomist keeps me in the same frame of mind too! I wondered how the Uitkomst project is progressing for CoA. It's supposed to be their cash generator and is operational at point of purchase....so is CoA earning money now or not? The share price certainly doesn't reflect that fact which you would maybe think it should. Or am I being too simple in my assumptions. CoA has been non-cash generating for so long so surely this should have been a small catalyst to at least get the SP up over the 3p area, they have an income for the first time in ages....don't they? Up until acquisition in june this mine produced 458,350 mined tonnes of high grade thermal coal...is CoA continuing that production? Does anyone know how this is going? I hope that the production continues and that some day soon we'll have an RNS about income!!! Hanging in there!
almost there bigzee. all legacy issues cleared. in the next 2 years expect the following.. 1makhado lite 2mooiplaats disposal 3another cash generator and 4vele? to mine or to sell.? in 2020 this will be a profitable business. lean and mean. best to all