Member Info for Hemmings8

Hengshun done. UC next.

Looks like new agreement dated 30-May Jantand. Maybe things are moving....

At least you admit trying to get below 2 to buy it.

Been told about Yishun agreements and UC deal from recent RNS statements. From the recent statements I would be surprised if the deal is not completed by 24 June. Be my guest to wait until then before you buy. What if we open at 7p after that?

Why not just pay 3.5p? Your motivation is to deramp this down to get long, not be short. Multi-bagger at these levels and you're being a 'dick-for-a-tick' Train leaving station, what you gonna do?

DB "back from China and confident that we will manage the committed timelines." Nothing new. All know deal's been done.

Report by Citibank out today saying Chinese coal prices may rise 20% by end of year.....

Oil up again, over $49 now after API draw of 5.1mb tonight after the close. Can only help underlying coal prices and viability of Vele/Mooiplaats etc.

Fully confident in David Brown and positive on commodities in general. Definitely a change in sentiment here and sure will be reflected as we switch from explorer to producer. Worth looking at a 5 year chart, this has huge potential for big move up

Was RNS on 3rd May that extended cooperation to 20 May which was closing offer deadline... Unless Yishun deal completed before then (which I expect)

Just extending co-operating between CZA and UC. There's been one of these when variation extended previously, only (I think) always been extended to same date as closing offer. Why not this time?

Why will shares be suspended? I'm surprised wasn't extended to June 24.

Posted on iii Trading halted on Hengshun Zhongsheng Group Co ahead of announcement. DB in China might make this interesting

Razorman, yes I've met David Brown on a number of occasions and the company generally have been responsive to my questions. They obviously aren't allowed to comment on share price but believe should be considerably higher than here. I would have though share price be 10p + when UC deal done, and a Makhado fully financed is worth 10p in itself (Peel Hunt). Then with UC/Makhado at 8.9m tonnes/year, potentially Vele etc, and the blue-sky GSP assets then this can easily get above £1 again. Imagine someone would take us out well before then. No doubt there's going to be further consolidation in sector. Lots of variables but future's bright.

http://blogs.platts.com/2016/05/12/recovery-us-coal-industry-fairytale/ Worth a read.

David Brown currently in China. Deal is coming.

...to build 47 new coal plants.

Yes, it's a good deal for CZA. As I understand it, there's a lot of moving parts and they need to get the Yishun agreement completed before the UC deal can be completed. When I spoke with the company on Monday the 'documentation was being finalised with the investor' so I believe that is nearly done. CZA want to get the UC complete as soon as possible and while they don't comment on the company share price, they believe the deal will see the company re-rated from explorer to producer. Also Skinner, Goldman Sachs have increased their oil forecasts which should feed through into coal. CRU anticipated thermal coal to be best performer this year and we continue to read about increasing demand from India/Pakistan. So despite the current rally there's further reason for optimism.

Good postJantand, hopefully our patience be rewarded!

The company is 'in the process of finalising the documentation with the investors' Once this is signed and completed then the UC deal can go ahead. The company obviously want this done ASAP. I imagine we get this done in time for next deadline but admittedly thought that was the case for 20-May. Time will tell but rather be in here than trying to spoof this down to 1.5p