Member Info for SANDMAN99

Hi JR, If I remember correctly there was a lot of environmentalists putting on pressure, also they had flooding problems and applied for permission to divert a stream running through the property (not sure if that was granted). You have to remember that Vele only has Semi-Soft Coking Coal and Makhado has the real deal.

What is the cost of converting Rights to shares?

It will be approx 400 mil after the Rights are converted to shares.

Question is do I risk buying at the Rights offer of R2.36.

My Guess would be around 17P (R3.40)

Yes, it's been 9 years for me and a very rough road it has been.
At least the SP will now settle at a realistic level and can only
go upwards from there.

SENS Released on JSE. Wheels are now in motion.

All world markets heavily down this week, mainly due to interest rate hike.
So I believe lots of profit taking here given the last couple of weeks 'drama'.
Once things settle down I believe we will be back on track.
Obviously Makhado funding news would be welcome SOON.

most of us have been here for years. DYOR.

54p on ASX

https://www.globalafricanetwork.com/company-news/mmsez-signs-a-ground-breaking-partnership-for-green-hydrogen-electricity-generation/?amp=1

Seriously though Bozmo, with no release of any news and Q3 about to end (no funding), I am totally bewildered as to the
unbelievable (but very welcome) rise we have experienced. If it is not the Chinese investors manipulating the
SP then what is it?

39P on ASX

As far as I am aware Thungela only deal in thermal coal, but who knows.

I am no expert, but it appears to me that at such relatively low volumes someone is trying to manipulate the SP.
Thoughts anyone?

Web site not updating share price for a couple of weeks now.
Very strange.

I think it would make sense if they moved the Vele plant to Makhado and kept everything centralized. Would save a fortune on trucking, especially with fuel prices the way they are.

Coal price headed towards $400/t

No doubt with these heavyweights now on board, things will definitely change for the better.

No, that was a definitive study done by DRA, not Bankable.