Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

CoAL up 12 %

Reply
nass
Occasional Contributor
With CoAL up 12 % to day and about 25% since last week, whats going on that is not in public domain OR is it that I just have not heard about it?
2 REPLIES 2
nass
Occasional Contributor
Up 100% month to date. Any idea why ?
Vasilis
Contributor
In 2013 Haohua Electric Company China invested 100 million USD in Coal Subsequently Coal has raised another 64 million USD from its major Shareholders - look them up yourself - which totals to 164 million USD in capital. Coal had some debt which it paid off except for Rio Tinto. They still owe them 22 million USD for the Makhado development. Coal is still trying to sell Mooiplaats which is supposed to be done by 29/04/2015. You can decide if this company is going to make it. They have some good resources in the ground that just needs to be dug out which they claim they will be doing by 2018. As to answer your question. The share was terribly undervalued at 24c assuming the capital injected as stated above.