hedger123
04 Mar 2016
Re: Meeting report Thanks for report buzz. Did CE mention financing for Makhado, or Mooiplaats sale?
ianio
04 Mar 2016
Re: Meeting report When everything drops into place, and the market get wind of what a seriously good investment this is becoming, I am sure the share price will be many multiples of where it is now.The spectacular rise of a few months ago shows how quick the re-rate will be, when it comes....GLA!
The buzz
04 Mar 2016
Re: Meeting report Looking at the volume history, apart from a busy December 2015, yes volume has recently picked up. In my chat yesterday it is clear that CZA is in the process of being re-rated as having critical mass and an income stream. There is bound to be a bit of turbulence when Universal share holders get their CZA shares, but CZA is fast becoming a share that one could recommend to the boss..Oh - I also get the impression that mining companies are slowly coming back into favour, but the recent rise in LMI is nothing short of phenomenal.The B
retirementfund
04 Mar 2016
Volume is picking up. Nice jump in London
ianio
04 Mar 2016
Re: Meeting report Thanks for the feedback Buzz.All sound quite positive....Isa it my imagination, or is volume picking up here...
2bozmo
04 Mar 2016
Re: Meeting report Thanks for this buzz
The buzz
03 Mar 2016
Meeting report Not much coffee, but loads of biscuits!Meeting proceeded smoothly. I asked 2 questions at the end of the meeting
a) Anything materially change since the offer document went out, bearing in mind the speed at which the deal had been made? There has been no legal problems etc - the key parts of the deal. Obviously they have got to know more about the company - but nothing to change the basis of the deal.(b) What will the company structure be - eg the board membership? There are three possible outcomes, of which 2 are more likely. Universal could become a subsidiary to CZA. I asked what about the anticipated transfer of mining expertise - plans are in place to ensure that the knowledge transfer does happen.Post meeting I had a long chat with the CE. He seems much more relaxed about the way ahead than in previous years. CZAs is now looked upon as a credible company of critical mass and with an income stream. I suspect finding further finance will be much easier than before. The sale of thermal coal locally will be at a profitable rate - so although they might miss out should the export price go higher - it is a low risk route as they have a guaranteed profit margin. He meets the board of Universal once a week and they have been getting on really well. With the CE's past experience with Impala Platinum and the resurrection of CZA under his careful management - I am sure that Universal will welcome him on board with open arms. He thought that CZA done incredibly well considering how the coal market has gone against them. As regarding the outlook for coal - too many variables to predict what will happen. I suggested that India might be a customer as it had a growing economy and needed lots of infrastructure. He expected that India would be a customer at some point - apparently Indian coal is low grade with lots of sulphur. Also the bulk carriers used by CZA could be the largest that Indian ports could handle and would have a relatively short route. Whereas the Australian's bulk carriers are too big and would have a much longer route than to China.To conclude - the future for CZA I much more certain and is now looked upon as a credible player.The B
2bozmo
03 Mar 2016
Re: Commodity prices bouncing back Thanks buzz, can't make this one. David Brown always appears very open and honest at these affairs so any feedback well received. Appreciated. Thanks
The buzz
02 Mar 2016
Re: Commodity prices bouncing back I had noticed a recovery in the price of coal - helped by the increase in the price of oil, but was holding back from calling a false dawn.Might see you tomorrow at the CZA special meeting? I will be the one eating all the biscuits!The B
hedger123
02 Mar 2016
Commodity prices bouncing back Iron ore now 41% higher than January lows.Coal API4 Q2 11.1% off January lows.API4 Calendar 2017 +8%Copper +10.3%WTI Crude +19.9%Stocks low at Richards Bay and Rotterdam, plus potential strike in Colombia means rally in underlying coal markets might have some legshave we seen the bottom in commodity markets?
hedger123
24 Feb 2016
UC deal & Sterling/Rand Share price of 20/20.5 currently would suggest that the market is pricing the deal as going ahead. Talking with the company, they are confident of getting the 50.1% required even without the Ichor holding. Would definitely like to see them lose their 30%.Hopefully we'll get some clarity on this next week with the EGM being on 3rd MarchGBPZAR. If sterling loses 20% as some are predicting and JSE remains unchanged at 50, then this will put us just shy at 3p (50zar/17gbpzar). Food for thought.
hedger123
19 Feb 2016
WAKE UP!!!! This is beginning to look interesting! More going on beneath the surface!
Accurity
18 Feb 2016
Re: Back in here again today... Wow todays moves were interesting. I managed to close out my 2 most recent positions at a small profit just to reduce my risks. However set another buy at 1.99 with limit at 3p on that one.Best of luck all,A.
retirementfund
14 Feb 2016
me too. Got some more at 50 cents
Jitter
11 Feb 2016
Back in here again today... ...couldn't resist at 2p. J.
