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Wescoal (WSL)


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#41 soutie

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Posted 08 April 2016 - 05:47 PM

Hey Dewald.

 

I think that there is a lot of growth still to come through, Elandspruit is a 15yr mine that is already producing at projected target (since Sept last year) Intibane will reach projected target of 80,000 tons per month very shortly if not there already..... Khanyisa awaiting it's full water use license with adjacent properties under discussion....their trading arm is going along......I personally think it should be at better margins but WTF do I know.....Now's the kicker they, management, us as holders somehow need to organize that the shareholding rotates another 8% or so into Black control/hands, not sure how that's gonna happen.... BTW neither does management.....So at 237,534,000 in issue gives roughly 19mil that needs to be traded (possibly an outside BEE entity buy in) for us to be Eskom compliant..... When that happens, deadline December 2016, then guaranteed funding of R75mil becomes available from Investec should we need it...?

 

Further down this thread is details of a possible deal with Coal of Africa via Simeka capital plus some emotional rants from myself coupled with conjecture guess work & plain old cupboard standard HOPE...Check their website for the latest shareholder update.

 

But above all I am very biased in my view of WSL .......so do whatever it is that you need to do as this does not constitute as advice.....I'm some guy/gal on an internet chat room.... :ph34r: 


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#42 Dewald

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Posted 08 April 2016 - 11:30 AM

Good Day,

 

Is it still worth buying these shares now.. Is there still potential for good growth?


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#43 Queen B

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Posted 05 April 2016 - 10:00 AM

R1.75 :)

That's more like it


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#44 soutie

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Posted 23 March 2016 - 05:46 PM

Anyone at yesterdays investor presentation or have any feedback to share on it....? Might get something on Keith Mc's small cap shares soon....


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#45 soutie

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Posted 22 March 2016 - 08:56 AM

Overall a very nice SENS I would like to get clarity as to are HEPS based on the new larger shares in issue, they will have to re-state their results from last year to reflect this which will show an even better performance....?

Maybe should have had 2nd coffee before posting.... :)

 

Lets hope the sub R1 days are well & truly behind us....Onwards & Upwards people.....


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#46 Rulz3

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Posted 22 March 2016 - 08:36 AM

Little volumes answers your question.

Little volumes not. See sens this morning.


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#47 Rulz3

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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?


Little volumes answers your question.

Edited by Rulz3, 19 March 2016 - 09:31 PM.

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#48 Sugafoot

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Posted 18 March 2016 - 08:49 PM

Up 13% today on relatively little volume. Can't pick up any sens. Anyone know what's happening?
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#49 soutie

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Posted 11 March 2016 - 03:24 PM

There's a whole Investor update on their website for those interested.


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#50 soutie

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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.... :rolleyes: 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.


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#51 Queen B

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Posted 28 January 2016 - 04:35 PM

Back to 76 cents

No catching a break with this one :angry:


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#52 soutie

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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... :(


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#53 Mr_SA

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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?


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#54 Queen B

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Posted 19 January 2016 - 07:20 PM

I topped up AT 76 cents

hoping I wont regret this


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#55 Sugafoot

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Posted 19 January 2016 - 04:59 PM

76c. This is 2012 stuff
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#56 Pugz

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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/

 

Opgoedenhoop

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.”

 

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#57 soutie

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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.

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#58 Mr_SA

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Posted 11 December 2015 - 11:55 AM

What can we possibly do??????


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#59 Queen B

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Posted 10 December 2015 - 03:42 PM

91c :angry:


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#60 soutie

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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....


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