Member Info for Bozmo

I remember having a meeting with David Brown. He told me a story about how everyone told him not to take the job here, the company was going bust and he would never raise the funds. After everything that’s been thrown at the company, now we can move forward. For those that have been here a long time, this is now happening. Makhado, then GSP. The MMSEZ. This is it. $300 coal. As someone who has been here over 10 years I feel quite emotional we have got over the line. People will now sit up and take notice. This is going to be huge.

Don't know how i feel about it. Great to have it done, and could have been at worse levels. Disappointed AIM holders aren't involved, and its an opportunity for Senosi to fill his boots.

Thoughts anyone?

i spoke with the company on friday , international sales started in August so hopefully get an update in the accompanying text/statement

Similar here. Still think this is just the beginning. News soon no doubt. Putin’s speech today should keep coal price at high levels.

nice weekly close on the JSE, 36p.
ASX 34.6p

SA up again at 36p equivalent. Everyday someone just scooping this up....someone knows something

Keeps going. Should see a strong start today given JSE close on Friday and ASX overnight

Someone mentioned Thungela for takeover

No sellers. On the way down it was only MG who had to sell as company getting out of all coal positions. Coal is now in focus given the European power situation and demand also coming from China and India.

This is a leaky old ship, moves like this don’t happen for no reason. Maybe a takeover?

Also now we have a higher valuation, other funds will participate. Previously our market cap was too low for them to get involved

which one? unlikely

no smoke without fire....coal train about to leave the station

Said on the ASX pending announcement.

It’s a leaky old ship so guessing whatever triggered yesterdays move. Funding announcement? Takeover? International coal sales?

Jump in Oz overnight, settled at 40c so~23.4p

JSE equivalent to 19.52/19.91

Well JSE had it’s highest weekly close since 21-Feb 2020 at 390 ZAr.

If we can break this 400 levels then feels like ready for a next leg up. Definitely feels like it’s coming.

Coal up again today given development in Europe regarding NordStream pipeline.

South African holiday today, and surprisingly nothing going through in London.

Given the situation in Europe with Russian gas etc, nice to see the underlying power markets higher again. API2 up almost 5%. Expect to see similar tomorrow when API4 re-opens.

more optimistic than ever on this stock

if we receive $300/tonnes x 20,000 tonnes x 5 months = $30m then we're in good shape

expected this to be released at 8am this morning. Looks like waiting on tenderhooks for the rest of the day!

& welcome back Jantand. We've missed your input here, Vele could be interesting if get that going again. We need to take advantage of these coal prices

maybe, just maybe......

- coal prices up again, Russia reduces European gas supply and market rejects Russian coal;
- company had some interest from buyers out of Europe who will pay top buck compared to the domestic SA market. I asked about this at EGM a couple of weeks ago and will be some next in quarters update due this week, and something they said was one of their objectives;
- Japan coal deal: Nippon Steel will buy coal at $375/tonne through March 2023, one of the most expensive coal deals ever.

- new Chairman and CEO are big-hitters;
- resolution 2 didn’t get approved so less liquidation and stops Senosi owning over 30%;
- MG have confirmed they are out as per of their zero coal policy. No supply overhang;

- United Nations Development Plan South Africa has endorsed the MMSEZ;
- environmental protests thrown out, green light given for MMSEZ to go ahead;

- financing expected to be completed this quarter. Heard it before but new management might pull a few strings.

Assume someone in SA knows something and buying ahead of update. Massive premium of JSE over London, JSE last 339, equivalent to 16.65p, London 9.75p.

275 on JSE = 13.5p??

London 9 offered.