Jump to content


Photo
- - - - -

Wescoal (WSL)


  • Please log in to reply
241 replies to this topic

#1 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 22 February 2019 - 02:13 PM

So who's who just about sorted out now as per link below.

 

http://www.sharenet....0&seq=20&scode=

 

Have to say I'm glad the chairman has moved aside..

Institutional support is what is needed here so these new appointments are all clearly aligned to address that need.

Next set of results not so stellar but the Universal deal will by far positively outweigh them.

Good news me thinks...

Nice W/end peops

Cheers.


  • 0

Anyone need a heads up...!


#2 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 15 February 2019 - 04:05 PM

Here's a link to today's announcement.

 

http://www.sharenet....0&seq=28&scode=

 

Not really sure of their strategy of being a "consolidator" in the small/medium coal sector if it involves costly delays & only concludes after costly litigation.

Lost their CEO 17% down on ROM from last quarter obviously the above has taken considerable senior management effort & time.

Conclusion just buy the people out in entirely....Geezz enough already... :rolleyes:   


  • 0

Anyone need a heads up...!


#3 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted 15 February 2019 - 06:08 AM

No worries
  • 0

#4 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 14 February 2019 - 05:04 PM

Sorry don't follow it. 


  • 0

Anyone need a heads up...!


#5 Midas1

Midas1

    Advanced Member

  • Members
  • PipPipPip
  • 327 posts

Posted 14 February 2019 - 02:09 PM

Hi soutie, you seem have good understanding mining shares...so whats your take on mcz please?
  • 0

#6 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 01 February 2019 - 10:15 AM

Ha Ha Chairman having  to go on the charm offensive.... :D  :D .....He won't like that one bit...!

 

Can't load the link ATM.... :(  :( Will try again later unless someone else can...


  • 0

Anyone need a heads up...!


#7 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 31 January 2019 - 10:56 AM

Only sellers that can off-load around c150 are pre-rights issue even then they looking at break-even.

But hey can't get on the bus if you don't buy a ticket.

Good luck & well done if you get c150.


  • 0

Anyone need a heads up...!


#8 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 31 January 2019 - 10:50 AM

It's purely retail nerves...could be some previous Keaton holders not happy with their new home...

As mentioned if you wanna off-load 000,000's you gonna take a beeg haircut.

We get's a decent divi last few yrs & that's not changing anytime soon.

Keith (small caps Keith) Tweeted Eskom even pays them early... :rolleyes:

Institutional support is what's missing here finish & claar....! 

made some easy money on that keaton deal buying keaton and selling off once swopped with Wescoal..

 

But if it hits R1.50 bid im in...


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#9 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 31 January 2019 - 10:49 AM

It's purely retail nerves...could be some previous Keaton holders not happy with their new home...

As mentioned if you wanna off-load 000,000's you gonna take a beeg haircut.

We get's a decent divi last few yrs & that's not changing anytime soon.

Keith (small caps Keith) Tweeted Eskom even pays them early... :rolleyes: 

Institutional support is what's missing here finish & claar....! 


  • 0

Anyone need a heads up...!


#10 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 31 January 2019 - 10:40 AM

no desperate bid or sells at moment...


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#11 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 31 January 2019 - 10:40 AM

Careful now Snippet gonna get suspicious...& hijack my thread talking all Latin n' sh3t....

 

https://www.wescoal....download/11617/

 

 

This is a power point annual results link when you get time. It's easy reading & lots of pictures\info-graphics I'm sure you'll manage... :D


Edited by soutie, 31 January 2019 - 10:43 AM.

  • 0

Anyone need a heads up...!


#12 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 31 January 2019 - 10:39 AM

Elandspruit.... Run of Mine +/-3mil tons per yr...Life of Mine +\-7-8yr...

Vanggatfontein...Run of Mine +/-2.5mil tons per yr.... Life of mine +/-8yrs.

Khanyisa complex up & running now about 0.5-0.8mil tons per year. Life of mine +\-4yrs This will be ramped up by now to +/-1mil tons per yr

Moabsvelden small capex bit like Elandspruit will add another +/-2mil tons per yr...I'm sure once the Universal deal is wrapped up this will get go-ahead.

Their target is 8mil tons per yr. 

They produced 6.8mil tons FY2018.

What gets sometimes lost in the whole BEE noise is Eskom only takes 50% of their product. They are the biggest domestic coal trader by faaaaaar.

thats not too shabby then..may be worth a punt


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#13 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 31 January 2019 - 10:37 AM

Elandspruit.... Run of Mine +/-3mil tons per yr...Life of Mine +\-7-8yr...

Vanggatfontein...Run of Mine +/-2.5mil tons per yr.... Life of mine +/-8yrs.

Khanyisa complex up & running now about 0.5-0.8mil tons per year. Life of mine +\-4yrs This will be ramped up by now to +/-1mil tons per yr

Moabsvelden small capex bit like Elandspruit will add another +/-2mil tons per yr...I'm sure once the Universal deal is wrapped up this will get go-ahead.

Their target is 8mil tons per yr. 

They produced 6.8mil tons FY2018.

What gets sometimes lost in the whole BEE noise is Eskom only takes 50% of their product. They are the biggest domestic coal trader by faaaaaar.


  • 0

Anyone need a heads up...!


#14 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 31 January 2019 - 10:15 AM

Hi S..

 

 

had a deeper look and juts feel most of their existing mines have a very short lifespan...+-3 years

 

 

is this correct


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”


#15 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 31 January 2019 - 10:10 AM

My issue is with the concept of promoting the buy whilst intending to sell or on behalf of client sellers.

After all what should a broker do when the client gives a mountain of rubbish and you trying to live from the commission.

Timing for the scheme of dumping into a drummed up buying market can be difficult. You know the drill. Tell us more. 

Hell, I got this empathy issue makes me feel for all the the players. Even the con artists.

Morning Snippit.

First off I've always promoted this share...

I've no intention of selling any of my holdings as I now receive a chunk of cash via the annual divi.

I don't sell on behalf of anybody else as I'm just like you a retail investor/trader.

WSL is a growth company so during the life span of the company events will happen that I bring to the attention of this forum as you bring your charts & other stuff.

I also feel for the players in the game but I'm more of a collective kinda guy.

Tell us more...? Well maybe I've been around the block more times than you..? So my need to educate or caution or (insert as you see fit) is more diluted than yours.

I would dearly love to here your take on WSL as I know I'm looking through rose tinted glasses on this one.

Again not too cryptic though.

Cheers.  


  • 0

Anyone need a heads up...!


#16 Snippit

Snippit

    Master

  • Members
  • PipPipPipPipPip
  • 827 posts

Posted 30 January 2019 - 05:38 PM

Hi Snippet.

Thanks for the chart.

I don't understand Elliot wave theory. I will agree on your point of entering wild west territory though.

I've been here before with WSL so another once round the block isn't a biggie for me.

As for pumping this share Yip I do & have done for years.

In my commentary over the yrs I've made it no secret even today "I is very bias"

Just watch the volume indicator & you'll see it's only ever retail investors exiting the big holders are stuck fast & they know it...!

This is a value trap & that's something I've also communicated very clearly over the yrs as well. 

I would like you to view this post in an everyday kind of way & if you reply stay same...as if you get too cryptic you'll lose me.

Cheers. 

 

My issue is with the concept of promoting the buy whilst intending to sell or on behalf of client sellers.

After all what should a broker do when the client gives a mountain of rubbish and you trying to live from the commission.

Timing for the scheme of dumping into a drummed up buying market can be difficult. You know the drill. Tell us more. 

Hell, I got this empathy issue makes me feel for all the the players. Even the con artists.


  • 1
  1. Sign here: https://www.5gspaceappeal.org/about/
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#17 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 30 January 2019 - 01:52 PM

Hi Snippet.

Thanks for the chart.

I don't understand Elliot wave theory. I will agree on your point of entering wild west territory though.

I've been here before with WSL so another once round the block isn't a biggie for me.

As for pumping this share Yip I do & have done for years.

In my commentary over the yrs I've made it no secret even today "I is very bias"

Just watch the volume indicator & you'll see it's only ever retail investors exiting the big holders are stuck fast & they know it...!

This is a value trap & that's something I've also communicated very clearly over the yrs as well. 

I would like you to view this post in an everyday kind of way & if you reply stay same...as if you get too cryptic you'll lose me.

Cheers. 


  • 0

Anyone need a heads up...!


#18 Snippit

Snippit

    Master

  • Members
  • PipPipPipPipPip
  • 827 posts

Posted 30 January 2019 - 01:09 PM

Warning: Consider the probability of the chart indicators:
Wescoal chart (weekly data) is in the wild west sector. Evidence of serious pump and dump activity abounds. Presently in corrective wave Primary [2] with heavy resistance at ( B ), which has 3 distinct waves, points to double-top and equal legs targets at the same gap closing location circa 105.

 

https://jsecharts.bl...y-of-chart.html

 

wsl-w-300119.png


  • 0
  1. Sign here: https://www.5gspaceappeal.org/about/
  2. Trusting strangers on an anonymous chat forum can be a risky business. Even more risky than the stock market.
  3. I have tried to warn the vulnerable, being those without adequate savvy: e.g.: https://swrict.blogspot.com/2018/11/sharechat-warning.html
  4. Vultures circle hereabouts. Give control and say goodbye. Learning links: http://swrict.blogsp...ader-links.html

 

 


#19 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,507 posts

Posted 30 January 2019 - 09:39 AM

Happy to share bud..

Not feeling the love on MZC/CoA....Have a Wesizwe vibe going there...Dunno why but avoiding it..D. Brown also that guy... :rolleyes:  had a total meltdown couple years back & cost me on an IMP cfd trade.. :angry:


  • 0

Anyone need a heads up...!


#20 Polly

Polly

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,472 posts

Posted 30 January 2019 - 09:35 AM

Thanks S....brilliant commentary..appreciated..

 

Seeing im already in ex coal of africa gona pass this unless i get R1.50 


  • 0

Trading is one of the only fields where genuine con artists/scammers will urge you to “be careful of con artists/scammers.”






Sponsored by Sharenet and VPSNine Linux VPS Hosting