Member Info for einvestein

they need to tell us about that convertible debt.

must be some good news... from our pathetic bod. probably another UC takeover attempt LOL. UC shareholders, please vote yes.

mng could wait till profits are achieved and once share price recovers, aue could then purchase all equipment itself using profits and minor placement. However, a placing will need to be done currently to resolve the debt issue unless it can be deferred to 2018. It all depends how management plan this with mng. Also you cant lose much buying 100k shares at this price than when we were buying at 24p.

was about to buy a few today but then saw some reviews being made by employess: "All good people have resigned or been fired. Company is now moving slowly to Cyprus, so they are hiring cheap labour there and letting go of the London staff. Cyprus management are hiring their buddies with limited technical knowledge" https://www.glassdoor.co.uk/Reviews/London-Capital-Group-Reviews-E546425.htm Lots of comments re ceo :) I'm staying away for now!

jon, I agree. I think your bod will probably feel the same way as you too.

last time cza was going to raise $15 million via yushan. They could easily raise a bit more now (requirement for NCC which cza probably thought was going to be cash generating via an eskom deal). Since coal prices are much higher and so less risk, there will be more interested parties willing to invest. UC is now at $14 cents. So another offer of $20 cents +shares will still be very good for UC shareholders since there is still no deal with eskom. By the way, what would cza do with NCC then ..... sell to china ?

since you are new to investing, I would advice you to read the 'horror stories of AIM' first. Don't think that you can double your money easily. Only invest a max of 10% of your total in one single company. Don't get greedy ... NEVER ecpecially on AIM. This company has a lot of potential. For example, it has a resource of 300 million tonnes of coal at vele and another couple of hundred at makhado. The thing that may take this higher is a chinese investment of approx $115 million in the Makhado mine. Or the restart of the vele mine and to do that they need to carry out some more 'redevelopments'. investigate other non-aim companies like SIA, POLY, and I think PAF, SHG ..... which are less riskier. You really need to read up about the companies before investing. Don't make your mind up just by reading stuff from these boards. ATB

The main thing holding this back is that uncertainty on debt & how much more shares will be issued. Once these are set aside, AUE can easily shoot up .... with gold. Could easily turn huge within a year.

Banks, you haven't taken account of interest, tax & admin expenses etc. Looking at the rns under "Lace Mine Cashflow Model" : http://www.lse.co.uk/share-regulatory-news.asp?shareprice=DCP&ArticleCode=37idb7le&ArticleHeadline=IDC_Loan__4m_Proposed_Placing The profit margin for the first 2 years are about 25% average and then 40% (slowly increasing to 50%) for the rest. So based on that, if we simply take your revenue of $18 million and then assume a 25% margin, that gives $4.5 million (£3.5 million ish) giving an EPS of about 0.7p. But if a special is found, that would easily push the EPS to couple of pence. But thats just year one. Its when they go to year 3 when EPS would rise to more than 4p (according to cash flow model). Correct me if I have missed anything.

thanks for that Hemmings. Last time they looked at vele mine was during 2012 and now I assume with zar to dollar at 7-8 (instead of 12) would probably break even at $50/t. If they can sell 1.4 m/t per annum (according to 2012 presentation) at $65 (higher price for thermal coal) that already generates profits of $21 million.

lots more buys on isdx. On the cza website, the results due for 30th. So I guess a bit of 'tree shake' or because of all these AUTO trades being triggered. Don't really understand why people set autos on this share with huge swings/spreads. Coal is rising though ... http://www.barchart.com/charts/futures/LVp16 I expect a lot of detail on the next report. Makhado investment update, vele status, any cash generating assets. Could do with a bit of good news.

Yes very interesting, I learnt a few extras. Expect the SP to hit 50's by 2019 then. Not too long to wait. Just hope I dont die before that.

http://www.mineweb.com/news-fast-news/coal-rises-from-the-grave-to-become-one-of-hottest-commodities/#at_pco=tst-1.0&at_si=57e146dceb655832&at_ab=per-2&at_pos=0&at_tot=2 How long would it take to gete vele to production. That would easily provide the cash.

interim report on friday 30th. Should provide some detailed plans?

Hemmings, "they believe they'll get Vele approval by end of year" what sort of approval do they need. On an old presentation ( http://www.coalofafrica.com/assets/investors-and-media/corporate-publications/2012/cza-presentation-8august2012.pdf ) it states: Commenced production of thermal coal in January 2012 − Ramping up to 2.7 Mtpa ROM and 1.0 Mtpa (Saleable product: Both coking and thermal coal

if they get additional funding with convertible debt, I think they have the option to repay in cash? (not sure of that - has to be on the agreement) so there maybe no dilution. Also they can set the convertible price much higher like 7p - 10p, or even 15p depending on the agreement. Looking at the loss of 200,000 ish for six months; the company used minimal amount of cash for expenses. It wouldn't take much to generate a profit.

... instead of buying another cash gen asset, I would prefer that they restarted vele :) would be much faster than spending another 6 months being on chasing progress & money

http://www.bloomberg.com/news/articles/2016-09-14/a-100-year-old-coal-mine-in-australia-restarts-as-prices-double

Jantand, If vele has semi soft coal, I think these fetch up to $100/t. Also vele uses an open pit mining model so should cost much less. It must be around $50 to break even now due to rand exhange rate as well. Anyone know when next update might be. Expect full year report soon and hope that gives details on plans and stuff.

agreed Daisan, learnt something from buying dcp & aue. Always buy after a month or two of declaring 'commercial' production. I was going to buy HUM. But I will wait a lot longer for that. Overall, I think its a mixed report. Found 4 large ish stones which means not too long for a fancy pink?