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So the Esteemed leader of CZA entered into a deal that the company could not afford to complete...excellent management skills!
So a monumental kock (sic) up....that cost 3.5 million of CZA funds
They received the take of agrreement less than a month after CZA withdrew its bid
When UC was in our sights as a TO target no one else was interested due to coal prices being very low, now we are up against Wescoal in potential bidding war. The more that time passes the more disastrous a decision not to complete the UC deal looks....
Another share issue to fund the lifestyle of CZA feckless directors. Sick to the back teeth of AIM listed companies issuing more shares with nothing in the way of improved shareholder value. I said if DB missed his deadline for buying a CGA I was out , dictum meum pactum . 17k loss though.
if DB misses this deadline....
in the world of health and wellbeing....irony commercialised
DB must go if the news is not to confirm a deal to secure a CGA....after the UC debacle his position would be untenable. I do hope he has succeeded in formulating a plan to acquire Keaton as he deserves some credit for digging us out of a hole which ironically he must reverse to make CZA a sustainable and profitable company...
it will be funded just as the UC deal was i.e. no dilution. money from Chinese partner
I agree with your sentiment. The loss of UC was a dusaster for CZA, the timing was perfect ie before coal prices went into vertical price action, Eskom deal not signed before due date but was shortly afterwards. The risk reward ratio was for CZA in its favour.nthe share price would have been double figutres. Whereas now, as you say, they need to pay a premium....
The companies sold, British Government politicians and the Chinese buyers are all in it together. Avarice and individual power are the only interests supported.
that DB and his helpers have been completely caught off sude by the rise in coal prices and the rise of share prices of those companies involved in the rsources extraction, CZA us obvioysly excluded from the rise seen in all other coal explorers. CZA have huge assets awaiting exploitation whilst the head of the company sits seemlingly hoping the market will play into his hands. The talk about Keaton and the possibilty of a CGA purchase just seems out of reach, Keatons share price a year ago was 50p, it is now 120p. Let us hope that, by some miracle, CZA share price can reflect the rise in coal prices over the same period....
Are these large share purchases not made by institutions whose only interest is to vote this madness through. They may even be working for Hytera. One thing is forbsure the directors of Sepura have taken care of their own interests, I believe none will lose their board position....Merry Christmas to all those whom believe in Jesus and celebrating his Birthday...
Three weeks. 1. That no one making comments here knows anymore than the next man including me 2. That the BoD has looked after its own interests 3. The owners of the company have been screwed over by the BoD
Hhhahahahahahahahahhhahahahahahahah......This morningg's RNS must be a joke....
How reliable is your source Bozmo or do you have a link?
With corrupt directors and adviors....
happening in the world of Coal of Africa. IT has been a long long time since we last heard from you or anyone at the company. I know you see the shareholders as a distraction but we do own the company and an update would confirm that you have not run off into the sunset along with our mining licences....
Another promise broken. CGA not found in 6 months....Keaton mentioned but no further official information.
Why are you here commenting on something you neither understand or have an interest in. Goodbye