focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
jonathan111, just out of interest, are you going to sell your 'new' cza holdings asap or you going to hold it.
from the 2013 presentation, it states Makhado will cost: R3.96 billion (US$406.3m), including contingency. Today, this costs only $260 million due to zar/usd ? Looks like coal prices are going for another spike after a dip. http://www.barchart.com/charts/futures/LVM16
can someone please clarify this statement. does it mean unless we hear something by this friday (17th) then deal is completed.
I assume the current UC management will stay to run these mines.
hadn't realised that NCC mine (1.5 Mtpa) was due to provide even more profit, Expected to be cash generative from H2 2016. http://www.coalofafrica.com/investors-and-media/presentations/2015/cza-presentation-26nov2015.pdf Main points: 1. Potentially unlock operational synergies by lowering costs via use of shared infrastructure for future projects in Limpopo 2. With a larger market capitalisation and enhanced growth prospects, the combined entity should attract additional investors. (Note: & get rid of small parasites ..... Duke ... something .... comes to mind) 3. Universal generates positive cash flows at Kangala, despite depressed commodity markets. £8 million profit at coal prices around $40 per tonne.
don't think this is priced in to cza yet. Looked at the graph for wescoal. Same spikes. Once UC deal next week, this will give £8-10 million free cash per year. Even on a PE of 10, thats an additional 5p to current price. After that we got the beast Makhado to start the mine construction and then there may be a larger rise once the henshun deal is complete.
thanks, I see what you mean. Current market cap of Wescoal is £20 million (425 mil zar) . So easily affordable. Lots happening in the backgroundm then.
question, since coal prices are on the up, do you think that $115 million henshun deal is likely to remain the same or would management re-negotiate since nothings been signed. I believe Makhado was valued at $500 mil.
"i have a funny feeling we are to be taken out at 10s no concrete evidence but in contact with management often" come on Jantand, what you hiding. I have a funny feeling you know something which you are not telling us
all down today, & so are coal prices. European stocks followed the lead of their Asian counterparts at the open on Thursday, with concerns about the world's economic health hitting investor sentiment. Global growth forecasts from the World Bank were also slashed on Wednesday to 2.4% for the year, down from the 2.9% estimated in January. http://www.hl.co.uk/shares/market-reports/market-reports/europe-open-markets-start-lower-amid-global-growth-concerns I am assuming that this rise for CZA was due to caal prices on the up. And the UC deal is not even factored in.
thanks for that. Once Mr market gets a sniff of that 'deal done', then we just need to sit back.
market maker not 100% sure of UC deal. Two weeks left. Once the deal is done, expect some fireworks. This is just a little stop/rest. Oh no, look, sells today ...... does dukekilla know how stock exchanges work
(ShareCast News) - Mining titans BHP Billiton and Glencore number among the final bidders for Anglo American's Australian metallurgical coal assets that may fetch about $1.5bn, according to a report. Bloomberg, citing several sources with knowledge of the matter, also reported that Anemka Resources, the mining investor backed by Warburg Pincus, had made a bid. China's Yanzhou Coal Mining and, together, Apollo Global Management and Xcoal Energy & Resources had submitted final bids for the Moranbah and Grosvenor mines, the report said. The deadline for bids was 6 June. The sources told the news agency that Anglo American could reach an agreement for the mines this month, but that no decision had yet been made and talks might amount to nothing. Glencore might be bidding with a partner, one of the sources said. Anglo American wants to raise $3bn-$4bn from asset sales to help lower debt and refocus the company as a miner of diamonds, platinum and copper. In April, the mining heavyweight agreed to sell its Brazilian niobium and phosphate unit to China Molybdenum for $1.5bn. It had also agreed to sell interests in several Australian coal mines including Foxleigh, Callide and Dartbrook.
yep, so $335 = £230 million + £240 million (for 30 time PE of a producer) = £470 million. Not far from 500 mil.
Now CZA will be generating at least £8 million per year free cash via UC (according to last UC quarter update & with coal prices going up, this will rise as well). Usually a 'producer' company is priced at 30 times PE. So this is roughly £240 million mcap. Then add the Makhado investment by Chinese of $115 million. This is up 10% on JSE. https://www.google.co.uk/finance?q=JSE%3ACZA&ei=GptWV6mbOMqLUqCDhsgL Thermal coal (1st year forward cif ARA) US$54.4/t vs US$53.3/t yesterday – Thermal coal prices have risen to a 10-month high in Europe following oil higher • Indonesia has also set its HBA thermal coal price at $51.81/mt up 1.2% from May. Heavy rains in Indonesia have cut production helping prices higher as utilities move to buy shipments from Colombia and elsewhere. http://www.proactiveinvestors.co.uk/columns/sp-angel/25187/today-s-market-view-includingariana-resources-goldstone-resources-kefi-minerals
still going up 2% (seems to be going $1 up per day) http://www.barchart.com/charts/futures/LVM16 Last time I read the Makhado investement report, I calculated it to be profitable at $48.
My first post on cza bb although been monitoring it for last 3-4 years. Bozmo, please continue to post. Thats what dukekilla wants. With UC deal, CZA will instantly have £7-8 million free cash/year/ Thats without full prod at UC.
i have got about 30 of these emails now. why are people asking questions via email instead of this bb's. sorry if I have offended anyone.
we have around 200 on i-petitions now. Even if some back away, and we get 100 of us to put the initial sum of money (£100 each) will be enough to 'start' the fight. We could put the money in Grant's account. Obviously this all depends on whether the lawyers are no-win-no-fee etc, so we will wait till monday for the guys contacting the lawyers.
yes, they are also reducing their costs: "BHP Billiton this week announced a plan to shave $4.5 billion off its annual operating spend by 2017. It hopes to make some of those savings by paying its suppliers less, saying it is focused on lowering contract rates for goods and services. " http://www.abc.net.au/news/2014-11-27/bhp-move-to-slash-contract-costs-will-be-copied-analysts-say/5922914 http://www.businessinsider.com/afp-miner-bhp-billiton-to-cut-700-jobs-in-australia-2014-9?IR=T Also dont forget that lower petrol prices will also mean lower costs in mining operations.