|
| Re: CZA - Coal of Africa [message #30741] |
Mon, 27 October 2008 14:54   |
The Hoff 
Messages: 319
Registered: November 2007
Location: South Africa |
Senior Member |
|
|
Just my luck, picked up quite a few CZA a week and a bit ago, only to loose 40% thereafter.
Now I've read the quarterly report which I thought contained mostly good news, apart from their Nickle business. Did I miss something or is it just the market continuing in it's crazy pesimmistic ways?
Patience is a virtue
|
|
|
| Re: CZA - Coal of Africa [message #30743] |
Mon, 27 October 2008 15:30 |
bulls 
Messages: 574
Registered: January 2006 |
Senior Member |
|
|
you must always remember that in markets like this now,ie negative sentiment,constantly falling share prices,ANY NEWS IS BAD NEWS.good reports mean nothing in pessimistic markets.
prices look really cheap but they may be cheaper next week.who knows when those knives will stop falling.
in the year 3000 Youtube,Twitter and Facebook will merge into one big time-wasting website called YouTwitFace!!
|
|
|
|
| Re: CZA - Coal of Africa [message #30755] |
Mon, 27 October 2008 19:57 |
Pothole 
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
I still like CZA .... lol
Bought some more and then it dropped on me as well.
Big question, I suppose, is not whether it will recover, because it will! (And hopefully quite dramatically as well.) More a matter of when.
True for many others as well.
So which sectors will recover first/better, and which stocks within those sectors...
Probably the blue chips first; wise, cautious money going for the "safe" bets. BIL? EXX? ....?
But when the likes of CZA get going.... I would like to be part of it too. 
Ps, I fully agree with PT re those producing and those in the pipeline. But fortunately CZA looks a lot different and better than for instance the junior plats! Some trouble there! (And better than the darn Ur's as well...)
[Updated on: Mon, 27 October 2008 20:00]
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
|
| Re: CZA - Coal of Africa [message #31365] |
Thu, 20 November 2008 10:14 |
Pothole 
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
News
Good news?
Don't know (anymore)....
http://www.wabusinessnews.com.au/en-story/1/68438/Uranio-acq uires-African-coal-project-
Uranio acquires African coal project
Uranio has acquired a thermal coal project in the Sakoa Basin of Madagascar called Imaloto, plus an associated cash injection worth more than $2 million in a deal with Coal of Africa and Oak Nominees for 50 million shares.
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
| Re: CZA - Coal of Africa [message #31463] |
Tue, 25 November 2008 08:22 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
CZA looking better, much better. Nice jump on JSE today?
Anyone following the price of coal? Any change?
Price of coal should (also) improve on weaker US$?....
[Updated on: Tue, 25 November 2008 08:25]
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
| Re: CZA - Coal of Africa [message #31665] |
Wed, 03 December 2008 16:34 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
Hi Oscar
Good volumes yes, but very much down; both in Australia and London as well...
Do not understand why.
Very much undervalued I think.
Keaton, which falls more or less in the same bracket, also very high volumes, but at the same time a much better price...
Don't understand CZA's downwards spiral!
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
|
|
|
| Re: CZA - Coal of Africa [message #31824] |
Wed, 10 December 2008 21:06 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
Signs of life ..... !?? 
Have cash and no debt... I like!
http://www.moneyweb.co.za/mw/view/mw/en/page1329?oid=244705& amp;sn=Detail
Transnet increases Coal of Africa's rail quota
Coal of Africa gives an update on its operations.
Reuters
10 December 2008 17:10
(Reuters) - Coal of Africa said on Wednesday Transnet had increased the miner's rail quota for delivering thermal coal from Mooiplaats to South Africa's port at Richards Bay to 3 million tonnes.
The company also said the first coal out at Mooiplaats and the development of underground access portals were progressing according to schedule.
"TFR have allocated CoAL the current empty wagons returning from ArcelorMittal's Vanderbilj Park steel works and have allocated further wagons to enable the total targeted 3 million tonnes of coal exports to be handled through Grindrod's facility at Richards Bay," it said in a statement.
South Africa is one of the world's major coal exporters, but regular train derailments and delays along the Richards Bay coal line have dented business confidence in freight logistics group Transnet's ability to meet international commitments.
The 3 million tonnes allocation becomes effective next year, after Richards Bay Coal Terminal (RBCT) completes a port expansion to be able to handle 91 million tonnes from 76 million at the moment.
Coal of Africa said it had revised the mining plan for the Vele coking coal project, to include both an opencast and underground mine, generating better yields, lower operating costs and an extended mine life.
"Although still preliminary, the revised scheduling delivers significantly better yields of coking coal, a substantial reduction in mining costs and an extended mine life beyond 2040," it said, adding that a feasibility study on the project would be completed in mid-2009.
The company also said it was reviewing the potential of a main board listing on the London Stock Exchange.
"The Board is also currently reviewing the potential of a Main Board listing on the London Stock Exchange, as requested by a number of current and potential institutional investors," it said. It is currently listed in Sydney and Johannesburg.
It also said it remained in a strong financial position with over A$225 million in cash and no debt.
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
| Re: CZA - Coal of Africa [message #33986] |
Fri, 13 March 2009 14:31 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
See Oscar posted news.
Perhaps CZA needs little attention.... lol
Energy/coal stocks are cheap in general.
http://www.miningweekly.com/article/black-rock-ups-investmen t-in-coal-of-africa-after-confusing-reports-2009-03-11
Black Rock ups investment in Coal of Africa after confusing reports
By: Martin Creamer
11th March 2009
TEXT SIZE JOHANNESBURG (miningweekly.com) - The prestigious global investor Black Rock has increased its shareholding in JSE-, ASX- and Aim-listed coal company Coal of Africa Limited (CoAL) and not sold down its holding, as some reports had indicated.
CoAL financial director Blair Sergeant told Mining Weekly Online that recent substantial shareholder notices had caused confusion.
The first was Bank of America saying a week ago, without any details, that its relationship with Black Rock had been severed.
The notice gave the impression that the Bank of America had sold down 34-million shares in CoAL, whereas it was Black Rock, and not the Bank of America, that had held the shares.
The matter was, however, cleared up on Wednesday when Black Rock announced that it had, in fact, increased its holding by about 900 000 shares, to 34,9-million.
"Black Rock has actually been on the register for quite some time and today's announcement was generated by them as required by law, indicating that the number of shares they hold in CoAL is 34 917 865, which represents 8,49%, compared to just over 34-million previously," Sergeant explained.
"We are very happy that one of our major shareholders sees the current market as a buying opportunity rather than a time to be rushing out the door like plenty of others," said Sergeant.
Black Rock, M&G, ArcelorMittal and the companies associated with its black economic-empowerment partners, he said, currently made up at least 60% of CoAL's shareholding.
"They have all been very supportive, and Black Rock is a fantastic institutional shareholder to have on the register," he added.
Edited by: Creamer Media Reporter
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
|
| Re: CZA - Coal of Africa [message #34887] |
Tue, 07 April 2009 15:07 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
At last some life here.... lol
Will have to see whether it is real!
(Up 9% to R6.90)
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
|
| Re: CZA - Coal of Africa [message #34893] |
Tue, 07 April 2009 15:30 |
Pothole
Messages: 2002
Registered: September 2007 |
Senior Member |
|
|
Nooooo Toad..... lol
Don't sell before R8.50/R9.00! lol
(I am waiting for R16/18 at least)
The Share Market is NOT driven by Fundamentals.....
Greed, Fear, ..... Patience!!
*** Please do own research ***
|
|
|
|
|
Search
Help
Register
Login
Home
E-mail to friend 
]