The buzz
04 May 2016
Update There was a slug of sales going through once the price was above 5p and the spread is now 4-4.55p. However the price seems to have stabilised here - and trading levels have picked up again. I would guess that there were about 0.8m share buys over the last 10 minutes and no sells, so the price might have another stab at the 5p level? The last big trade at 12:48 of 175k was at 4.7p. The quoted spread seems to only a guide - it is only when when tries to trade does one find out the real prices! The smaller buys are going through at 4.35p. Now 4-4.5p with buys at 4.32p.The B
The buzz
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up - and som... I agree that one can get too greedy - and yet with the price now 5.0-5.5p one just wonders where it will stop. The 6p level used to be where things slowed down before. A few sells at 5.13p, but there are still an awful lot of buys, with my perception of more buys than sells still. I am beginning to think that buys and sells are now more closely matching? Must watch closely now. Hmm just saw a sell go through at 4.75p. 50k sell price quote was 4.77p. Now 4.25-5.25p after a few sells and now very quiet - must be lunch time?The B
The buzz
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up - and som... Just top sliced 30k shares as spread went to 4.2-4.49p. Got 4.2725p a share.Very active trading now - suspect that it is momentum traders - so the price might go further than one might expect and then fall back when the traders move on. ypical now 4.4-4.5p after another surge of buys. Just saw a sale go through at 4.42p. Now 4.4-4.75p. Gee whizz this is very volatile now!!The BU
Accurity
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up - and som... Sold out. Been burned too many times by being greedy.Will wait for things to settle.Made over 8k this year so far so cannot complain.All the best,A.
The buzz
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up - and some more!! No stopping the share - now 3.6-4.49p. Such wide defensive spreads flags to me that the dealers are short of stock. Now 3.75-4.49p. Now 4.0-4.49p. No time for paint to dry watching this price rise!!The B
The buzz
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up Still whizzing up. Now 3.6-3.74p!Sounds as if some shorters are having to close their positions? This price ought to guarantee a successful 'merger'. Although I think that technically it is a reverse take-over. 3.6-3.75p. It feels good to be in profit again after such a long time.The B
Accurity
04 May 2016
Re: 2.76-3.25p!!!! Whizzing Up Taken some profits. Still holding £900pp long at 3p.Order placed to double up at 2p if it drops. These spikes usually do pull back over the next few weeks, however if it carries on rising then ok with me. Profit is profit.Well done to all other long term holders. 2016 is looking great so far.A..
The buzz
04 May 2016
2.76-3.25p!!!! Whizzing Up Price has just jumped!Live trades do not show anything really special - about 600k buys. Hang on - now trading 3.00-3.25p.The B
The buzz
04 May 2016
Settlement of Soutpansberg At last another skeleton in the cupboard has been resolved. I had tried to buy some CZA a week ago but I think that the price was about 2.26p a share to buy - but declined to buy hoping for a price nearer to 2p. I suspect that 2.26p would have been a good price!The B
hedger123
03 May 2016
Re-rating Has the re-rating started. Company expects deal to be completed by May 20. Significant as becomes producer not explorer. Trading at 60 zar which at 21.06 gbp/zar = 2.85p. Spread in London makes no sense. Distressed long selling out? Buying opportunity when supply is there?
2bozmo
29 Apr 2016
Quarterly update Our update fairly bullish but nothing we didn't already know.Worth checking the UC quarterly update. They're on course for 200k saleable tonnes in April. Think management done good job in selecting this asset as cash generator[link]
hedger123
23 Apr 2016
Re: Over 93% accepted now So Ichor have accepted. Great news.
HPC Follower
22 Apr 2016
Over 93% accepted now This should mean that the dates given should hold, for a busy next few years.Hopefully the price of coal will now strengthen and CZA will grow profits quickly as the business expands; which South Africa needs for the people and electricity and steel supplies.
2bozmo
14 Apr 2016
Re: Thoughts A couple of points:The company said it will present the case to the Water and Sanitation Minister again and will request that the IWUL remain in full force pending the final conclusion of the appeal. (Source: Mining Weekly);Usdzar down to 14.5 and gbpzar 20.5 should result in nice fx gain in the next set of accounts;Was looking for bounce to over 10p once Makhado financed following Peel Hunt research that Makhado valued at 9.8p at that point. Obviously some bits to add with Vele and Mooiplaats which look more interesting if we develop ourselves. Need UC deal to go through to get that income and obviously some dilution with that deal but puts us in stronger position. Richards Bay demand going up, particularly from India where high quality coal in demand. China today agreed to stop subsidies for metal etc so will curb some supply from there.I've left some buying in at 2p on off chance but never seem to get anything. I spoke with company today and they're confident IWUL suspension will get overturned, I just hope it doesn't delay timelines.Good luck all
The buzz
14 Apr 2016
Re: Thoughts I cannot get a good price either. Headline spread 1.51-2.5p. Actual real time quotes were:-Buy2.25p for 50k2.3672p for 100k.Sell2.07p for 50k2.07p for 100kSo there cannot be that much stock on offer otherwise the two buy quotes should have been the same.The B
