Member Info for NatCoalKing

Bought some last time at 7p and it bounced up to 9p in a week or so, when I sold. Might try that again.

Seems to have stopped the rot and has had a couple of decent days, with high volume as mentioned which I always like. REM has gone mental over the last month or so (well over a 30 bagger at one point) with their lithium results. Just goes to show that the product itself is a very good one. The product isn't in doubt here though - it seems to be a case here of whether GXY can run the business effectively! Hopefully now, with money in the bank for production, we can start to see some better returns by the end of the year.

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/continental-coal-enters-into-binding-term-sheet/20130918070000P1FF9/ I'm glad they are not going to "do" Botswana themselves. It is a huge resource but probably some years away from full development due to the lack of infrastructure generally in the area. Would be good to know who the third party is.

Patience? The Company just need to get their heads down for a while by continuing to ramp up production at Penumbra and paying down some debt. It's early days at Penumbra but eventually the value will come through. A positive change in the outlook for coal would be welcome too although that's not likely to happen overnight.

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/operational-improvements-at-penumbra-coal-mine/20130917070000P70EA/ Lovely.

http://www.platts.com/latest-news/coal/london/s-africa-grants-continental-coal-mining-right-26251378

http://www.investegate.co.uk/continental-coal-ltd--cool-/prn/statement-re--insert-appropriate-text-/20130906070000P964D/ Lovely.

http://www.asx.com.au/asxpdf/20130813/pdf/42hms8c8ds83zd.pdf Well, I wasn't expecting that news. Wonder if it's tactical (for an aggressive takeover later) or whether they don't envisage a decent return on their investment in GXY. You have to wonder where CRHL go from here. Let's hope they provide us with their future plans soon.

What a tease. Was hoping to wake up to some definite news this morning. Never mind I can wait until it's good and ready. Fingers crossed that CRHL are heavily involved in this process.

We were down 25% yesterday on trades totalling 1.3m. Bearing in mind there are 667m shares altogether, it's either just MMs messing around or there really aren't very many shares in free float.

Oh good. Just a shake. Phew.

I hope this is a shake rather than someone with some inside knowledge. Volumes are small so at least that's something.

http://www.asx.com.au/asxpdf/20130729/pdf/42h9d4qdgn2cw3.pdf Ok ,so Deutsche Bank have shown their hand (I am more than happy with that!) but I wonder who are the european IIs are as arranged by the Special Committee putting up A$5m? Well, CRHL certainly fits that bill ! GXY certainly seems to have a future, which is very encouraging.

The article is split into two parts. The first part is about COOL and the second part for Resgen. It's Resgen that needs the $250m, not COOL but otherwise, yes, your cautious message about funding for Resgen is worth noting.

http://www.asx.com.au/asxpdf/20130726/pdf/42h89xwcnpzsf8.pdf I'm pretty sure the Creat Group are one of the Bondholders.

http://www.fm.co.za/business/money/2013/07/25/continental-coal-showing-resilience

http://www.asx.com.au/asxpdf/20130718/pdf/42h3zkplbb3j5h.pdf A technical issue has arisen so they need to sort it out. The bottom line is that they need to find out if Korea really are interested rather than just trying to buy more time. Maybe it's not that surprising what with what else is going on with GXY at the moment. Maybe let the dust settle from that before Korea make a final decision.

Now extended to 17 July. The drum roll extends for a few more days! http://www.asx.com.au/asxpdf/20130712/pdf/42h0z4cnr8vgcc.pdf

http://www.africanbusinessreview.co.za/brochures/13742

Scrub that - the rate has bombed 2% after Mr Carney's first MPC meeting, meaning the business rate is currently at A$1.6487 !