Up 13% today on relatively little volume. Can't pick up any sens. Anyone know what's happening?
Little volumes answers your question.
Edited by Rulz3, 19 March 2016 - 09:31 PM.
Posted 19 March 2016 - 09:30 PM
Up 13% today on relatively little volume. Can't pick up any sens. Anyone know what's happening?
Edited by Rulz3, 19 March 2016 - 09:31 PM.
Posted 18 March 2016 - 08:49 PM
Posted 11 March 2016 - 03:24 PM
There's a whole Investor update on their website for those interested.
Anyone need a heads up...!
Posted 01 February 2016 - 05:35 PM
Today's volume indicates that some entity of long standing is exiting...I say this because there's not many holders can sell on this scale at break-even or possible small profit.... I've said it before we may have ourselves a holding in a value trap.
While the Chairman has every right to do things his way after pumping in considerable amounts of his hard earned cash, realizing the inherent value that is in Wescoal & unlocking it are seemingly lost on Mr Market as today's volume suggests.
Results are still some way off in June (finals) apart from another poorly accepted operational update I doubt we can expect a jump in share price any time soon....
The newly appointed strategy guru/spin doctor needs to earn his salary & as soon as the Eskom deal is finalized shout it out loud, whenever that happens...?
It's been a very long time since my holding has dipped into the negative maybe that's what is fueling this level of frustration...
Rant over.
Cheers.
Anyone need a heads up...!
Posted 28 January 2016 - 04:35 PM
Back to 76 cents
No catching a break with this one
Posted 25 January 2016 - 02:22 PM
Today's SENS is good news all on track it appears...The fact it's being sold into is not however...
Anyone need a heads up...!
Posted 20 January 2016 - 01:18 PM
I topped up AT 76 cents
hoping I wont regret this
I am really getting worried about this share. 71c now... Surely some news has to be announced soon that will help the share?
Posted 19 January 2016 - 07:20 PM
I topped up AT 76 cents
hoping I wont regret this
Posted 19 January 2016 - 04:59 PM
Posted 13 January 2016 - 06:27 PM
at 90c Im not worried about its prospects but what I am worried about (and will be in the moeren for should it materialise) is that its share price opens the door to take-over or significant holder bids.
Anyway, some shallow research: seems Simeka has under gone some restructuring to its (impressive) team. No doubt its going to be a busy year ahead at a group level for WSL.
Future (most likely) pipeline:
http://simekacapital.com/portfolio/
ANNOUNCEMENT
27 March 2014
COAL OF AFRICA GRANTED OPGOEDENHOOP SECTION 11 APPROVAL
Coal of Africa Limited (the “Company’ or ‘CoAL’) is pleased to announce that Section 11 approval has
been granted by the Department of Minerals Resources (“DMR”) for the disposal of the Opgoedenhoop
mineral right. The consideration for the sale is R20.4 million and the deposit of R5 million has been
received by the company. The balance of the consideration will become payable within 12 months.
David Brown, Chief Executive Officer stated: “The successful completion of the sale of Opgoedenhoop
concludes another aspect of the five-point turnaround strategy.”
Posted 11 December 2015 - 02:11 PM
What can we possibly do??????
Hold the line guys & gals...Let the panic'ers panic....Just re-read the SENS below...
Shareholders are reminded that the earnings per share attributable to the immediately preceding six month period
of 1 October 2014 to 31 March 2015 as published on 23 June 2015, indicates 0.50 cents per share (15.7 cents per
share for full year to 31 March 2015 less 15.2 cents per share for the period ranging from 1 April 2014 to
30 September 2014). The earnings per share attributable to the Period represents an increase of 800% at the
bottom end and an increase of 1020% at the top end to this number. Earnings per share attributable to the month
of September 2015 are expected to be between 2.30 and 2.80 cents per share, mainly on the back of the
Elandspruit Eskom contract.
We is going along at 2-3c/month that's without this latest cash injection to de-bottleneck Elandspruit ( CEO's words ) Granted that was with 193mil shares in issue so when the Eskom deal goes through & I'm sure the chairman is going for a life of mine cost plus deal, after all he has MAJOR skin in the game here, so then we release El Cheapo funding based on earnings from Elandspruit plus the trading arm will pump as we is compliant there also. Massive tonnage marked up & transported nationally not just Witbank & Mpumalanga.
Yip it is not nice looking at sub R1 when we all remember the heady days of R2+ but I've mentioned before we now have a much larger animal than what was targeted in that buyout namely Elandspruit producing 200k plus monthly.
Cheers.
Soutie
Edited by soutie, 11 December 2015 - 02:14 PM.
Anyone need a heads up...!
Posted 11 December 2015 - 11:55 AM
What can we possibly do??????
Posted 10 December 2015 - 03:42 PM
91c
Posted 07 December 2015 - 03:18 PM
Well seems they only raised R41.5mil from the targeted R64mil.....It's a 1 man band now for sure....Viva Simeka...Viva Ramite....
Anyone need a heads up...!
Posted 23 November 2015 - 10:53 AM
I see the WSLN shares have been listed, but noone bidding, so i dont see anything that can be dome with these shares.
Posted 21 November 2015 - 04:02 PM
Name: R Ramaite Designation: Non-executive Chairman Date of transaction: 19 November 2015 Class of securities: Ordinary shares Number of securities: 150 000 Price per security: R1.20 Total value: R180 000 Number of securities: 50 000 Price per security: R1.15 Total value: R57 500 Number of securities: 85 000 Price per security: R1.10 Total value: R93 500 Nature of transaction: Purchase on the open market Extent of interest: Direct beneficial Clearance to deal: Yes
285k closer to 50%+1....
Edited by soutie, 21 November 2015 - 04:02 PM.
Anyone need a heads up...!
Posted 19 November 2015 - 07:58 PM
personally if the price is still below R1.20 at the end of this month then Ill buy on the open market but for large and very large buyers such as Kieth's fund it does make sense to take up his rights offer:
http://smallcaps.co....wescoal-rights/
Why I am taking up my Wescoal rights…
Wescoal (WSL) is a junior coal miner and a large domestic inland coal trader. For those who do not know it well, here is some background research on the company and my views thereon: Read my Initiation of Coverage here and my last published results note here. For a third party perspective, read this brief note on Wescoal too.
Now to update everyone on the latest (factual) events happening at the Wescoal:
Without delving into speculation, those are the facts of what has transpired at Wescoal over the last year or so. I have plenty of opinions about what has actually happened and why, but those I will keep out of the public domain.
What I will publish is my view of what to do now:
Therefore, not only have I been steadily buying Wescoal shares as they fell below 132cps, but I have sent instructions off that we will be taking up all of our assigned rights in Wescoal.
If investing into Wescoal at 132cps is good enough for an insider that already has significant capital invested into the company, then it is good enough for me.
Now, if Wescoal is worth buying at 132cps and the Chairman is really going for control, then at some point the 35% threshold will be passed and he may have to make an offer to the rest of us for our script… The added option of a future potential cash offer for WSL script is also a temporary floor on things.
Anyway, I’ve tried to stick to the facts here, but that is my thinking for why I will be taking up my Wescoal rights: it is a great company with a great future at a great price, and I’m not about to let someone else get my upside.
Posted 18 November 2015 - 02:02 PM
I still don't see the point of taking up the rights at R1.30 when it's currently trading at R1.10
Maybe that was the plan all along.... Check their website for the circular about the rights issue gives details of directors holdings both past & present.
Anyone need a heads up...!
Posted 18 November 2015 - 12:23 PM
Posted 18 November 2015 - 09:47 AM
I see that the rights are trading under WSLN....
Anyone need a heads up...!