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Online Share Trading

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Plonky, talk to me.

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striker
Super Contributor
I know this is one of your favorites,and I started buying in at the R13-14 level,but the price continues dropping.Any views.
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Plonky
Super Contributor
Hello Mate....yes, the share price has dropped significantly...I'm not sure why... I am not aware of anything that has changed....The management are all saying the politically correct things. Mooiplaats is delivering good quality coal now, Vele is turning ground and expect to produce coal soon. The geo-reports for Makhado are very favourable. The acquisition of NuCoal guarantees that CZA will be able to service their port allocations in the future without further penalties. Perhaps the delay in the FTSE listing is making people nervous. I have heard that CZA expect to report profits before year-end.
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