Member Info for NatCoalKing

Back from a couple of weeks away and nice to log on and see the recent rise in share price. Now in profit at last! What is next in the pipeline I wonder? The Galaxy position is becoming quite interesting. GXY share price is getting hammered at the moment. Not sure if their price is being forced down for someone to buy in cheap or possible takeover but, if that is the case, then I am sure Creat will be involved in some way. It would be fantastic for us if that would happen. If the GXY fall is for genuine market reasons, then this is concerning as the value of our holding there will diminish. As for any other ventures, I imagine any investment will be in a junior project and could take a while to bear fruit. If it were me, I would put any spare funds into GXY at their current low price whilst waiting for any progress elsewhere.

Maybe, but they're going straight into the hands of an ii so those aren't going to be traded on the market in the short/medium term.

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/boardroom-radio-interview/20130326070000PCE09/

Local demand might be increasing soon by the looks of it in the "cool" of winter. Eskom are struggling to meet demand. http://www.miningreview.com/Biggest/crisis/since/2008/looms/SA/mines/energy

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/penumbra-coal-mine-ramp-up-in-production-continues/20130321070000PC689/

There is a very special relationship between CRHL and the Creat Group, that's for sure. The Creat Group have outstanding loans and convertible notes to the value of $41m and are happy to postpone any repayments until 30/6/2014 (and possibly even later than that if they postpone that date again as they have done in the past). What doesn't make sense, on the face of it, is how CRHL are ever going to be able to repay that amount in their current situation as they haven't got the assets or the cash to cover anywhere near that amount. I know the Creat Group have very deep pockets but it doesn't make fiscal sense to fund CRHL. So either this is going to go tits up or they have something up their sleeve which means they will have the facility to pay it back somehow. A Galaxy take over of sorts (and associated ramp up) would certainly be more than enough to do this. I guess we will have to wait and see what unfolds in the fullness of time.

"On 15 March 2013 the Company received an undertaking from Creat Group in that, for the purposes of assisting the company to achieve its working capital forecast to 30 June 2014: · Creat Group will continue to provide further funding to CRHL as required with interest rates based on market interest rates; and · Creat Group will not call for or cause repayment of any loans or convertible notes, including the payment of accrued interest on such loans or convertible notes, held by Creat Group at 31 December 2012 or entered/acquired by Creat Group subsequent to that date, and interest that will be due and payable on such loans or convertible notes through to 30 June 2014. At the date of this report and having considered the above factors, the directors are confident that the consolidated entity will be able to continue as a going concern."

Hitman - "huge losses", "locked in"? Rather an exaggeration at such low amounts that they have invested. That's not my idea of a huge loss getting locked in. I will allow "they will have taken a hit" buts that's all your getting off me! PIs buy in and become replaced by a ii. That's great news in my book and the natural order of things. PIs can cause volatilty because they panic as soon as the share price goes up or down. Much safer to have iis on board as they don't worry about fluctuations in the share price.

http://www.directorstalk.com/broker-fox-davies-talks-miners-today-including-beacon-hill-continental-coal/

It does raise the point, why should the minority sell their shares at the price is not far off it's all time low. Whilst I agree with the exercise in practice from an investor's point of view, minority holders aren't going to make or break this company, they might have more takers if they bumped the price up and make their deicsion easier. From an investors point of view, it would be good to get rid of minority shareholders and replace them with Village Main as that will bring more stability to the share price and underpin it significantly. It goes without saying that VM are getting in at these price levels on the basis that their shareholder value will increase significantly over time. I am surprised that minority holders have as much as 20%. That is quite a high figure imo. Personally, I would be glad to see that percentage greatly reduce to make the share price more stable.

http://www.miningmx.com/page/news/energy/1550895-Village-to-pump-R76m-into-Continental-Coal#.UUbSzBlhO1s "Export sales from Penumbra increased to 5,212 tonnes in January compared to 854 tonnes in December, the company said recently. A second continuous miner at Penumbra is expected to see output increase to between 20kt to 25Kt in February increasing again to 35Kt to 40Kt in March, the company said"

Here is Village Main RNS release: http://www.villagemainreef.co.za/news/f/VMR-JSE-SENS-announcement-18Mar2013.pdf Village Joint Chief Executive Officer Marius Saaiman said: “We think Continental is at an inflection point in terms of its development. The Company has a strong portfolio of projects and has demonstrated its ability to develop and operate mines and we look forward to working with and supporting the management team as production continues to increase and as greater value is recognised within the Company.”

I posted this a month ago. The last paragraph is very interesting: http://www.miningmx.com/page/news/markets/1529614-Village-Main-on-lip-of-broad-corporate-reshuffle#.UUa8nRdCCSp

Lol, don't tell Warren Buffet that as he'll have a quiet word in your ear about it!

I doubt it's news about Mashala. Mashala was specifically mentioned in the previous trading halt whereas it hasn't been this time. Not sure what is coming this time, but I'm getting quite excited!

http://www.asx.com.au/asxpdf/20130315/pdf/42dpcrt4mc0bz2.pdf

Hang in there mate. Not much longer before we can expect significant gains, in Q2 2013 imo.

http://www.conticoal.com/_content/documents/686.pdf

I think part of that article hits the nail on the head. They have "invested heavily" to get to this point, maybe a touch too heavily one might argue. One has a choice in business - invest heavily at the outset and accelerate your plans or grow organically when assets are converted to cash. COOL have gone for the former and there is nothing wrong with that as long as you keep things under control. They need to make sure the transition between the debt incurred to get to this point and recovery of assets acquired is manageable and avoid the unpleasant position of having a firesale of any of their assets because they are forced to. My opinion is that they are just about staying the right side of the line. If the proposed off take at De Wittekrens and the non-core assets fall through, then maybe it's time to start panicking but it sounds like deals are going to be done in one form or another. The current share price reflects the slightly exposed position but I, for one, am happy to invest and hold, especially at this share price, and see how it plays out in the months to come. Hitman, things move along in business and you have to roll with the punches. What was said 6 months ago, or even 6 days sometimes, does not mean that that it is set in stone.

I'm hoping that the balance of the Vanmag monies have now been received and the final payment made for Mashala. Not sure it will be entirely that clean but it shouldn't be far away. The final purchase of Mashala is significant in my opinion. OK, that might not show immediately in the share price but it will give COOL full 100% ownership of Mashala's sites and hence allow COOL to use these sites as leverage/collateral as necessary. Basically, it opens up other options to COOL.