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Wescoal (WSL)


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#1 soutie

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Posted 24 April 2019 - 11:15 AM

Media article on today's SENS.

https://www.miningmx...pumalanga-mine/

 

https://www.sharenet...00&seq=2&scode=

 

Keeping it real...!

Viva Brothers Viva the revolution is upon us....May 8th 


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#2 JK001

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Posted 08 April 2019 - 05:07 PM

mr market seems pretty happy about it


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#3 soutie

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Posted 08 April 2019 - 01:46 PM

Eish..... :huh:  :huh:  :huh:  :huh:

 

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

 

I have no words.... :(  :(  :(


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#4 Midas1

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Posted 14 March 2019 - 07:18 PM

https://www.moneyweb...growth-outlook/
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#5 Midas1

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Posted 14 March 2019 - 06:10 PM

Hi Soutie..or anyone with info..ive looked but anyone have info re "
mining and manufacturing data" thanks
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#6 Midas1

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Posted 02 March 2019 - 12:07 PM

The wonders of Google...the,article on exx heps old ..so ignore..thank g d for that!!
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#7 Midas1

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Posted 02 March 2019 - 11:04 AM

Have exx and imp cfds which im long on
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#8 Midas1

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Posted 02 March 2019 - 09:25 AM

This should be good for exx if westcoal buying that mine surely? Found this on Google...maybe same thing you saw? Thanks search...https://www.miningmx...boost-to-eskom/
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#9 Midas1

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Posted 02 March 2019 - 09:01 AM

Hi fyi soutie.. ..https://www.business...rice-to-slip-4/
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#10 Midas1

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Posted 01 March 2019 - 05:51 PM

Heading off beer..been long week..ill do some googling in weekend or Monday..see what else can be dug up..appreciate your input..have a good one
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#11 soutie

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Posted 01 March 2019 - 05:22 PM

Cut & Paste jobbie from Miningmx

 

Wescoal said the deal will re-open mineral reserves that otherwise stood to be sterilised. Arnot is adjacent to Eskom’s Arnot Power Station which was sourcing some four million tonnes a year (Mt/y) of thermal coal from the mine.

At the time of its closure, Exxaro said that including Mooifontein – an extension that Eskom was not prepared to finance – coal mineable reserves totalled 70 million tonnes (Mt) of which 34Mt were underground and 36Mt were open cast. There were also future reserves that existed within the Arnot mining area that could extend the life of the mine in the future, Exxaro said.

Wescoal said that the coal would be delivered to the power station through a conveyer belt, resulting in a cost competitive advantage with minimum carbon tax impact.

 

 

So Life of mine some 9yrs @ 4mil tons per yr...Open cast & we can do that easy peasy...Or am I missing something..?


Edited by soutie, 01 March 2019 - 05:23 PM.

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#12 Midas1

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Posted 01 March 2019 - 12:00 PM

Thanks soutie..yes i do my homework but good have opinion when someone knows the buzz..exx all over place today..but have nerves of steel 😁
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#13 soutie

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Posted 01 March 2019 - 09:05 AM

Morning Midas.

From an Exxaro point it's a good thing all round for them. Namely closure & rehabilitation costs will cease & all obligations from signature date will then cease also.

Wescoal get to look like shining knights coming in to save the day...they also buy out minorities in 2yrs (or costly litigate them away see below.... :rolleyes: keep the main okes running the show & hey presto they have another suite of processing equipment & a profitable mine situated in Mpumalanga all for R100mil (to start...? not sure of life of Arnot will have to check.  

 

This is bourne out of hey days of Gupta influence on Eskom. Create a crisis so they could circumvent procedure & sign short term supply agreements at stupid money per ton of coal.

 

Hats off to the employees who after 4yrs of nothing now look like they've pulled off something neither business rescue nor Exxaro were interested in achieving.

Big statement I know but here goes... Wescoal are the next Exxaro in the making..... :ph34r:

Have a good day

 

Oh & do your own homework....Geez nearly forgot that...!


Edited by soutie, 01 March 2019 - 09:06 AM.

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#14 Midas1

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Posted 01 March 2019 - 08:00 AM

How do you think this will affect exarro? Thanks soutie
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#15 Midas1

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Posted 28 February 2019 - 10:20 PM

Ok dude..tell me more about coal and mining and remember just cause im new in shares im wrong side 50 , so know business but just learnt moving averages and da like !busy with my career before /:
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#16 soutie

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Posted 28 February 2019 - 06:09 PM

Philanthropy & Coal Mining now there's two word not normally associated with each other....Here's the link.

 

https://www.sharenet...0&seq=99&scode=

 

To be continued.....


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#17 soutie

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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.


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#18 soutie

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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:   


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#19 Midas1

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Posted 15 February 2019 - 06:08 AM

No worries
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#20 soutie

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Posted 14 February 2019 - 05:04 PM

Sorry don't follow it. 


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