Jump to content


Photo
- - - - -

Wescoal (WSL)


  • Please log in to reply
281 replies to this topic

#21 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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.


  • 0

Anyone need a heads up...!


#22 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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
  • 0

#23 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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.


  • 0

Anyone need a heads up...!


#24 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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....!


  • 0

Anyone need a heads up...!


#25 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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 


  • 0

Anyone need a heads up...!


#26 JK001

JK001

    Advanced Member

  • Members
  • PipPipPip
  • 328 posts

Posted 08 April 2019 - 05:07 PM

mr market seems pretty happy about it


  • 0

#27 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

Posted 08 April 2019 - 01:46 PM

Eish..... :huh:  :huh:  :huh:  :huh:

 

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

 

I have no words.... :(  :(  :(


  • 0

Anyone need a heads up...!


#28 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

Posted 14 March 2019 - 07:18 PM

https://www.moneyweb...growth-outlook/
  • 0

#29 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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
  • 0

#30 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

Posted 02 March 2019 - 12:07 PM

The wonders of Google...the,article on exx heps old ..so ignore..thank g d for that!!
  • 0

#31 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

Posted 02 March 2019 - 11:04 AM

Have exx and imp cfds which im long on
  • 0

#32 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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/
  • 0

#33 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

Posted 02 March 2019 - 09:01 AM

Hi fyi soutie.. ..https://www.business...rice-to-slip-4/
  • 0

#34 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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
  • 0

#35 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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.

  • 0

Anyone need a heads up...!


#36 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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 😁
  • 0

#37 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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.

  • 0

Anyone need a heads up...!


#38 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

Posted 01 March 2019 - 08:00 AM

How do you think this will affect exarro? Thanks soutie
  • 0

#39 Midas1

Midas1

    Sage

  • Members
  • PipPipPipPipPipPip
  • 1,217 posts

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 /:
  • 0

#40 soutie

soutie

    Sage

  • Senior Member
  • PipPipPipPipPipPip
  • 1,642 posts

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.....


  • 0

Anyone need a heads up...!






Sponsored by Sharenet and VPSNine Linux VPS Hosting