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Wescoal (WSL)


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#1 soutie

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Posted 15 July 2019 - 02:03 PM

http://smallcaps.co....ing-given-away/

 

This guy's as biased as me.... :wacko:


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#2 soutie

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Posted 01 July 2019 - 08:42 AM

is that for me or S?? i juts invested at R1.25 ..and looking good @ R1.46 now..16% in a week :rolleyes:

 

reason i went in ...think its offers solid value for 2 years most....and now talk of share buy back....Fair value in my books R2.00 ( although some value it much higher) where i will sell... Just one of those small caps hated by the market at moment..They hate all small caps...So i need to be carefull not to be at wrong end of a portfolio manager offloading...hence ill take R1.90/R2.00 anytime

 

 

Morning.

Believe me you would know very quickly if the above was to take place...A more likely scenario is contacting them directly & asking who wants a load as in millions.

That's 1 of the biggest issues for this ticker & yes it works both ways you can't accumulate\dis-invest without moving the price considerably. Volume here is so restricted. Further down the thread is the main reason it doesn't get over R2 for any amount of time & until those 10 or so mil shares are sold we stagnate.

There's many reasons to hold & the only reason not to is the R2 barrier that long-timers like me so wish for.....After R2 it'll hit the f$ckin' moon.... :P 

It's all on this thread

It's all your own decision though.

Have a great day all.... 


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#3 Polly

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Posted 28 June 2019 - 05:40 PM

Any reason why you would hold onto the wescoal share.


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is that for me or S?? i juts invested at R1.25 ..and looking good @ R1.46 now..16% in a week :rolleyes:

 

reason i went in ...think its offers solid value for 2 years most....and now talk of share buy back....Fair value in my books R2.00 ( although some value it much higher) where i will sell... Just one of those small caps hated by the market at moment..They hate all small caps...So i need to be carefull not to be at wrong end of a portfolio manager offloading...hence ill take R1.90/R2.00 anytime


Edited by Polly, 28 June 2019 - 05:40 PM.

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#4 Investment novice

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Posted 28 June 2019 - 04:39 PM

Any reason why you would hold onto the wescoal share.


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#5 Polly

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Posted 25 June 2019 - 10:01 AM

Results out today....This pig gonna be wearing lipstick all year.

https://www.sharenet...00&seq=3&scode=

 

Not Pretty at all....

picked up some the other day at R1.25...seems bad move hay but kept to my entry target 1.25 to get in.....lets see


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#6 soutie

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Posted 25 June 2019 - 09:56 AM

Results out today....This pig gonna be wearing lipstick all year.

https://www.sharenet...00&seq=3&scode=

 

Not Pretty at all....


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#7 Midas1

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Posted 03 June 2019 - 09:51 AM

Thanks Soutie
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#8 soutie

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Posted 03 June 2019 - 09:48 AM

& a quick look at the price action if someone dumps 20k script your're into R5 area very quick.

Polly's coal play this one though not mine.


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#9 soutie

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Posted 03 June 2019 - 09:41 AM

All I know is BEEEEEEG plans & not enough funds. Previous share consolidation perhaps to disguise future rights issue...? Major finance houses against funding new coal projects & isn't their flagship Makhado a big 1....? & if you have 42k shares you own more than the CEO....So very little skin in the game for someone 4yrs or so in the job...Those are some of my observations...not interested in investing in another coal outfit have enough issues with WSL..

Enjoy the day.


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#10 Midas1

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Posted 31 May 2019 - 04:53 PM

Hey soutie...you an old hand...whats uour take on mcz....i know you know about mining..cheers
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#11 soutie

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Posted 31 May 2019 - 04:33 PM

 https://www.miningmx...-via-exxaro-jv/

 

 

Highlights...

WESCOAL Holdings has restructured its balance sheet in which it has locked in new credit of R1.1bn with the option of accessing an additional quick fire R500m.

The new credit may be for a joint bid for the South African thermal coal assets of South32 which Wescoal is speculated to be pursuing in joint venture with Exxaro Resources.

 

Market speculation suggests that binding bids for South32’s coal mines – known as South African Energy Coal (SAEC) – is due today. It’s understood that three consortiums are in the final race for the 28 million tons per year (Mt/y) production. In addition to the Exxaro/Wescoal structure, there’s Sibambene Coal, backed by trading group Mercuria, and Seriti Resources, a company that is led by Mike Teke, the former president of the Minerals Council South Africa.


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#12 soutie

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Posted 31 May 2019 - 09:59 AM

Today's update:

https://www.sharenet...00&seq=9&scode=

 

So we finds ourselves in the eye of the perfect storm for Junior coal miners in Mpumalanga ie:Thugs & heavy rain.

While I realise that in acquiring other companies you have to deal with unpleasant scenarios it's just about time that we start to write into the offer to purchase that we want 100% of the company & if some people proudly wearing their BEE partner suit are dealt with at that point instead of later thus causing significant upheaval.

Earlier I mentioned that Universal WOULD go through & these guys are good deal makers etc.... :( Sorry....Today's announcement implies jumping through hoops to access more cash.

Poor show all round here & price reflecting thus....Has it gone from dog to mutt...? Time will tell...As for R2 barrier sweet dreams....!


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#13 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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#14 JK001

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Posted 08 April 2019 - 05:07 PM

mr market seems pretty happy about it


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#15 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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#16 Midas1

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Posted 14 March 2019 - 07:18 PM

https://www.moneyweb...growth-outlook/
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#17 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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#18 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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#19 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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#20 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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