CZA

[asylum]

i see they made quite a loss was this anticipated , any views on cza going forward, they never seem to make any profit but share price keeps going up.

[Plonky]

They are not making profits YET!...Mooiplaats has only recently come into production, and needs to reach the high quality bituminous coal before profits are realised. Vele has obtained the necessary mining permits, and will soon begin with their boxcut to obtain access to the coal. Makhado will probably receive the relevant mining rights next year. Makhado has good coking coal. Once all three operations are in full production, this share will be worth a lot more than what it is trading at now. Probably worth R21 by year-end (OMO)

[THRESHOLD]

You cannot, in all honesty, buy this as a value play. Fuly diluted they had a market cap. of 11 billion odd. They have already indicated that they would look to issue more stock to particiapte in the Maputo terminal. That is higher than the value ascribed to Exxaro's coal, zinc, lead and mineral Sands assets combined (after allowing for her interest in Sishen Iron Ore.) (PS! AND Exxaro owns 26% of CZA's primary Coking Coal asset.) ???

[#4]

I don't track CZA, but how much are they relying on ACL as a customer?