Member Info for Jantand

Boz i also have a direct line and am bullish .

Think 7/8 december in uk

Sorry must read " idea of the consolidation is to attract ii and also reduce the almost 3bn shares in circulation"

We have been trading very thin for almost a week and very volatile The idea of the dilution were to attract big institutions. The timing imo is unfortunate in 2 ways and not by the managements making 1 december holidays. 78% give or take owned by ii so the remaining pi are cashing out and lost patience and that puts pressure on sp. Also government pension fund cashing out to fund eskom and saa woes. All put pressure downward. 2 anc policy congress where all sorts of crazy land and mining suggestions will be debated and are proposed. Start 16 December. Uncertainty. Now the cfo incoming and db made impala what it is today more or less on the same strategy. Clean house. Get rid of baggage. Finance. Develop quality assets. The sp will take care of itself. All the legacy issues are now sorted. There are many good news to come until june 2018. I suspect a second cga as well as the resolution of the land claims at 2 farms at makhado which is a court process and nothing we can do about it. As far as i understand only then we can start developing makhado which will take 12 months.finance of makhado depend on bbbeee and rules upcoming anc congress put down. (30%? 51%?) All affect finance models. It is my conservative estimation that in june 2020 we as mc ming will have 3 mines producing quality coke half or less will be arcelor mittal and half or more export. Busy with off take negotiations with acm. Rand dollar and coke prices favor us. Uitkomst are having a great quarter. Will continue do do so. I think vele will be sold. I think this could be very valuable but our polutical situation and regulatory functions of our state is imo the only risk now.

It's all about makhado......

All shares will consolidate after suspension early december. This deal was done last year already.

sandhopper that is indeed the flipside....agreed. but keep in mind this is a different company these days. all the best

I think the idea is to try and attract institutions that are not allowed to or cannot or will not invest in penny stocks. The value wont be affected. This together with the name change is a marketing ploy and with all the good coming in the next 12 months is in my opinion a masterstroke. A new cga . Makhado coming on. Possible vele sale...My opinion. The suspension is standard practice .happens when you change name or change ratio of shares ( consolidate). Also 2.8bn shares floating around is not good we all could agree on that. Now try 150million give or take a few and at 20 times current sp? If you have 100 at 2p now you will have 5 at 40p.

Is the silver bullet. Huge rerate after financing and offtake agreements and especially a few months before the first market update after production started there. In the meanwhile these are awesome levels to get in.

http://m.engineeringnews.co.za/article/opinion-south-africas-coal-mining-sector-could-shrink-by-46-2017-10-06/rep_id:4433

I told you so . David brown ! Blue sky Buy

update since 2011. very excited. hope sp follows suit soon . makhado lite looks very exciting. 700000 tpa coking with 19 percent yield and a million tpa export thermal at 25% yield! very encouraging. and another cga on its way. and only 100musd to develop and all in 12 months!!!! back of box return for makhado (100m usd payable after 4 years!!!!) very positive how do you guys see it>??

dont think we will be taken out unless it is very very very sweet. too many chinese investors that want a piece of african minerals and footprints. and that energy park is huge! all the best hemms

taking into consideration that the free float is 22% (give or take a few) and that the ii are satisfied i can only imagine that it is pi that has lost patience and are cashing out. nobody at management has promised a deadline for news on any of these issues to me and i think the news will come when it is ready and all things are in place. looking at the oil price i suggest that perhaps coal prices may be lower over the next 18 months, and china is cutting iron imports and met coal used for steel making. however the energy park on the doorstep of makhado met coal and thermal coal fields (funded by chinese company that has a big stake in cza) excites me. africa industrialisation and steel to be supplied to africa. and thermal as a by product.

havent spoken to the guys since early august and that satisfied my questions. the sp however keeps on tanking..... ? i

I am sure the numbers will follow. Uitkomst acquisition is a start after the 5 plan turn around strategy was completed in july with the payment to rio. ( legacy issues sorted). Uitkomst is not big enough we will need another cga. However its the first af many post legacy issues deals and you can look at those 4 points in my previous post. They will all be achieved come 2020. Funding is in place. Top ceo that meticulously is putting averything together. These sp levels wont last long. I share all the frustration but management had to clean house before taking on new deals and challenges. Company in a far better position than 18 months ago. Getting things done in sa also takes forever but having said that our trade and industry department supports the energy park to be built by chinese on the doorstep of makhado coalfields.Sp will follow. Buy more at these levels. Opportunity.

almost there bigzee. all legacy issues cleared. in the next 2 years expect the following.. 1makhado lite 2mooiplaats disposal 3another cash generator and 4vele? to mine or to sell.? in 2020 this will be a profitable business. lean and mean. best to all

https://www.miningmx.com/special-reports/mining-yearbook/mining-yearbook-2017/30327-young-turks-sas-emerging-coal-sector/

www.ghananewsagency.org/world/america-backs-use-of-coal-for-fuel-120251

All legacy issues taken care of. 1 mooiplaats to be sold 2 decision on vele before year end 3 legal and fundraising for makhado 4 buy another cga These are the goals to be completed into 2020 All legacy issues cleared. The current seller lost patience with the sp and are cashing out. I don't mind topping at these levels. Sa will need coal and met coal untill 2040 at least. Gla