ianio
13 Apr 2016
Re: Thoughts I hope once this UC deal is completed we might eventually see some activity in the share price. The ridiculous spread that we have experienced for months has just about killed any activity.All we can hope is that completion of the UC deal, and the resultant income we will then be able to enjoy will see us rerate to something like a reasonable level.Anything above 12p would be good. the first Chinese investment was at 25p... could that be a realistic target..Any thoughts anyone?
2bozmo
12 Apr 2016
Thoughts I expect the suspension to be overturned. Unfortunately the Water Act in South Africa means that if anyone appeals then the license is automatically suspended until the appeal is heard by a Water Tribunal. Hardly conducive to investment in SA.The company are not waiting for this to be resolved. At Makhado they are still continuing with the FEED process which should be completed by the end of April, giving full CAPEX numbers for project by end of May. Additionally they are working on overturning of the interim interdict against the Environmental Authorisation and running parallel to this process are the funding elements.I would also imagine once the Universal Deal is complete then we might see further consolidation/mergers in sector with CZA involved.
2bozmo
09 Apr 2016
Re: RNS... It's disappointing about the water license but was expected. I remember speaking with David Brown at the EGM and he was saying there is one group which opposes everything the company does as they want to get their hands on the company's assets. Apparently it is this group once again. The company is confident this is just temporary and will be overturned. In the RNS it says they were expecting this and were ready to act. Feel sorry for management that someone determined to stand in the way of progress and development.At least the Universal Coal deal is not affected by this and should be complete by end of April.
HPC Follower
08 Apr 2016
RNS... It's disappointing to see the Makhado water appeal... doesn't South Africa need the work/business?It does seem that the Universal Coal merger is now certain, just one last chance for some to pick equity or loan notes ahead of closure on the deal later this month.
hedger123
31 Mar 2016
JSE 50/51 = 2.35/2.40 AIM really is dreadful. Impossible to buy when this starts moving.Ichor Coal announcement to be made well before 15th April deadline Think last chance to get a few cheapies. Similar to last April before quick move to 8p
hedger123
21 Mar 2016
Vele [link] the talk previously of Makhado and Universal Coal, potential now for Vele to come back into production via IPP.
hedger123
14 Mar 2016
Conference Call You can listen to CZA conference call via the website and there’s also the presentation up there as well. It’s definitely worth a listen although not really any new information there, my take-outs were as follows:Following Universal Coal deal, David Brown excpects re:rating as turn to producer with cash flow and earnings for first time;3.6m tonnes saleable product this year rising to 9m tonnes in 2021 when Makhado complete;A larger company becomes attractive to different type of investor;Positive cash flow will fill the gap between projects coming on stream and has strengthened the balance sheet;Focus on the internal market with deficit in Eskom supply market. IPP prospectus in Limpopo province;Local and national government are supportive and want project to succeed;Makhado still compelling despite commodity prices and exchange rates;Makhodo financing 50:50 split debt/equity but depend on FEE that currently in progressLooking at selling part of Mooiplaats (to BEE) and keeping share to supply Eskom. DB excited by this option. MOU to push forward;Another positive is Mooiplaats is situated near UC assets;Results show the level of progress. Loss relates to movement in the rand, but expenditure is now under control and less than the previous 6-month period.Bulk of legacy issues have now been resolved;Main risk is commodity prices. Not delayed the timescales but made access to capital markets more difficult.Possible for consolidation in the sector:_[link]
Fatlunch
14 Mar 2016
Future looks bright Haven't posted for a while but a long term holder and still believe we are sitting on a very good asset here. The markets will soon awaken and the share price will rocket in my opinion.Keep up the good work BOD'sFL
hedger123
11 Mar 2016
All Ords Following quarterly review, from March 18th, CZA going to be included in the All Ordinaries Share Index in Australia. This will attract some buying from index trackers.
2bozmo
10 Mar 2016
JSE v AIM SA currently 52-55 last trade 54. GBPZAR at 21.60So equivalent of 2.40-2.55p, last trade 2.50p; market 1.5-2.5p in London. Go figure.Through 55 zar the recent high and chat gets interesting as already broken some moving averages
The buzz
09 Mar 2016
Re: Iron ore going 'berserk' To be realistic, CZA is not going to produce coking coal in for quite a while - its near term future being dominated by thermal coal. At the moment the price has been rebounding:-[link] is still well down when a 5 year plot is drawn, but if current levels mark the price low, then there is scope for a significant rise.Presumably helped by the increase in price of oil. As I understand things, CZA'a coal is low in sulphur whereas India's and China's thermal coal is high in sulphur. The news has been full of reports about the high pollution levels in Delhi and Beijing - so there might well be a progressively increasing premium for relatively 'clean' coal that does not need expensive exhaust gas treatment systems.Longer term - coking coal is relatively scarce and expensive to mine. One must not lose sight of the increasing world wide production levels of steel that will be consuming the more readily available supplies, plus there is closure of mines and not many new mines being commissioned. Longer term, if demand continues to increase, the price of coking coal might well start to recover in price.The B
nat-king-coal
09 Mar 2016
Re: Iron ore going 'berserk' Manolo Serapio Jr MANILA (Reuters) - Steel and iron ore futures in China slumped on Wednesday as investors cashed in on the recent rapid rise to multi-month highs that many thought was largely driven by speculative buying with no marked changes in supply-demand fundamentals. Iron ore futures in Singapore also extended losses to a second session, with the most-active contract sliding nearly 6 percent. More..
2bozmo
08 Mar 2016
Re: Iron ore going 'berserk' Spoke with the company. No need to worry about the Rio stuff. Contracts have mediation and arbitration included. That will take absolute minimum of 6-months, final payment is due June 2017. The payment schedule is in place, not sure what Rio are up to.
The buzz
08 Mar 2016
Re: Iron ore going 'berserk' ..and this is reflected in the price of thermal coal at Richard's Bay going up:-[link] RTZ spat is only about the timing of repayment of money owed by CZA to RTZ. (RTZ should be glad that they sold when the market was much higher!). It should not be a real issue.The B
2bozmo
07 Mar 2016
Iron ore going 'berserk' Iron Ore Jumps Most on Record as Market Goes ‘Berserk’ on ChinaJasmine Ng (Bloomberg) -- Iron ore soared the most ever after Chinese policy makers signaled their willingness to buttress economic growth, boosting the outlook for steel consumption in the top user and igniting speculation that some investors who’d bet against the market had been caught out. Ore with 62 percent content delivered to Qingdao jumped 19 percent to $63.74 a dry metric ton, data on Metal Bulletin Ltd.’s website show. That’s the biggest gain in daily data going back to 2009. The surge was preceded in Asia by a rally in futures, with the most-active contract on Singapore Exchange Ltd. climbing 21 percent to $60 and prices on the Dalian Commodity Exchange rising by the daily limit. “The iron ore and steel markets have gone berserk -- they’ve departed from fundamentals and are heavily driven by sentiment,” Zhao Chaoyue, an analyst at China Merchants Futures Co. in Shenzhen, said before the Metal Bulletin price was published. “Investors are expecting further monetary easing by the Chinese government to boost steel demand.” Iron ore has powered higher in 2016 as steel prices have strengthened, undermining forecasts for further losses driven by mounting low-cost supply from Australia and Brazil and weakening demand in China. At the annual National People’s Congress at the weekend, the authorities said they’d allow a record high deficit and higher money-supply target to support growth of 6.5 percent to 7 percent.
