Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Maybe more MM games again today
That explains the half million delayed buy order I guess
Yesterday the mms pushed this to 3.09 to buy yet wouldn't sell any shares at that price
Tightest spread I have seen here for a while
Some interesting trades to
manipulation 101 only good to come get in low while you can
Bleedin market makers, what the hells going on here? That must be some order they are working
3.21 to buy
3.36 to buy :)
Whats going on with this buyer? ;)
Coal of Africa (CZA) is a bit of a weird share, one which we hear nothing about for a year or so - then suddenly a bunch of folk remember it exists. Certainly something seems to be happening, and now above 3.25p points at 3.625p next and a probable bonk against the downtrend since 2015. However, above 3.625p opens a new field for play as it's easy to extrapolate a longer-term surge to 5.5p. Currently at 3.25p, the price would need to break 1.925p to give us an excuse to panic - really panic - as 1.25p becomes a best guess bottom! http://www.iii.co.uk/articles/417508/three-aim-shares-recovery-territory?utm_campaign=Afternoon%20update%2031/5/17&utm_content=1039501711420&utm_medium=email&utm_source=SmartFocus 🍺
I believe the plan to build a Makhado Lite plant is a very good idea. It means they will need a much smaller capex, they will be able to get into production sooner and can always expand at a later date to suit market needs. I hope they go ahead and do it.
The focus will turn to funding for Makhado once Uitkomst deal is complete. The company still has an MOU with Hengshun. Could be an interesting 6-months
I love it when you are wrong but today I am laughing out loud...have a good evening
I think this is a catalyst for makhado that we needed and water was always contentious issue. All other regulatory matters like bbbeee and finance can now be prioritised.if funding arrives and bbbeee partner before year end you may very well be looking at 16p imo. Cash generator 1 July. Mooiplaats sold tis year. Vele medium term if prices sustain . We need good follow up news now to keep going. If hengshun drops the 114musd for a 34% stake i agree we could be 50s
The share price will fall back to 2.75p by the end of the day, mark my words.
Chaps, What's your target on this? Long term with development of Makhado and GSP I think 50p minimum although think we'll get taken out well before then
So NPV 697 million and all pieces in place to get financing. Been over a year for this part.
Hopefully, the share price will rise to a more respectful valuation on this news.
Finally some good news about the water licence... Chief Executive officer of CoAL said, "The lifting of the suspension of the IWUL by the Minister is welcomed as this decision completes the suite of regulatory authorisations required for the Makhado Project. It further confirms government's support for the Makhado Project and its potential to drive sustainable socio-economic transformation. We will continue to work with all parties to ensure that the matter is completed satisfactorily, and furthermore to secure the remaining surface rights." http://www.investegate.co.uk/coal-of-africa-ltd--cza-/rns/appeal-lifted-against-water-use-licence-at-makhado/201705300700114721G/
CEO David Brown said the project now had the necessary mining right, water licence and environmental authorisation. The management could proceed to start fund raising in the second half of 2017 and finalise the marketing plan for the mine. The last updated estimate of capital costs for Makhado was $280m and the management was considering a "Makhado Lite" plan involving lower capex, a smaller production profile and quicker construction time, Brown said. The amended plan would still deliver significant returns for all involved but would make fundraising more manageable and deliver a marketing plan optimised to market demand. The original plan for Makhado released four years ago was to produce 2.3-million tonnes a year of hard coking coal and 3.2-million tonnes of thermal coal at steady state. Total capex was estimated at about $406m. Brown said CoAL had already secured tenure over two of the farms needed for surface rights. Two other large farms were needed, over which there were land claims. Benchmark coking coal prices were at $149.60/tonne at the end of last week while Richards Bay coal export prices were at $73.20/tonne.
Breakout!!!!
Bank holiday here Jantand
Up 19% on jse with 1.8m shares sold. Any higher & I suspect profit taking soon
14%. Not a trade in UK?