This seems to be where the hot money is going at the moment so I'm in for a few. Tipped in the In/C last week has the potential to soar like Uramin according to the other side. I haven't put the house on it but fairly pleased so far since buying yesterday.

Beginning to interesr me,recent chart(up 11%today)off low with selling seemingly over?

Report from 4th Aug.

http://www.steelguru.com/raw_material_news/Exxaro_could_be_considering_a_takeover_of_CoAL/276980.html

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Perhaps it needs to break above the downward channel,finish above 20p,worth keeping an eye on?

http://www.investegate.co.uk/Article.aspx?id=201209111226280025M

his is due news now,sp looks interesting,grom earlier.

Submission by BHE for FIRB approval took place on 23 October and a decision could be anticipated on or before 22 November 2012, following the standard review period of up to 30 calendar days.
and

http://www.bdlive.co.za/business/mining/2012/11/22/attractive-assets-now-coal-strategy-is-key

http://www.investegate.co.uk/coal-of-africa-ltd-%28cza%29/rns/bhe-confirms-receipt-of-firb-approval/201211280706521783S/

Australia's FIRB approves Chinese coal producer's plan to invest in CoAL
Melbourne (Platts)--28Nov2012/138 am EST/638 GMT

Australia's Foreign Investment Review Board has approved Chinese coal producer Haohua Energy International's plan for a $100 million share placement with ASX-listed Coal of Africa, CoAL said Wednesday.

In October, CoAL said it had agreed to the investment by HEI, a subsidiary of China's Beijing Haohua Energy Resources, after South Africa's Exxaro chose not to take up its option to participate in the development of CoAL's Makhado coking coal project in South Africa.

Exxaro cited negative sentiment surrounding global and local market growth prospects at the time of opting out.

HEI's investment in CoAL is expected to speed up the development of CoAL's projects and provide direct exposure to the world's largest coking coal market in China.

"Following the granting of FIRB approval, HEI and CoAL will execute an escrow release letter pursuant to which the deposit of $20 million currently held in the escrow account will be transferred to CoAL," CoAL said Wednesday.

Approval by Chinese regulatory authorities is expected to be achieved by the end of January 2013.

The placement deal will be the first investment outside China for HEI.

The company is based in Beijing and is involved in the mining, washing, export and sales of coal products. It is also the largest anthracite coal exporter in China.

CoAL operates the Vele mine in South Africa, which has capacity of 1 million mt/year of coking coal and is also developing the Makhado project, currently in feasibility study stage, that will produce 2.2 million-2.5 million mt/year of coking coal.

CoAL is also developing several thermal coal projects in South Africa.

Maybe South Africa's Exxaro are right not to continue ??

Millions of tons of coal around SA, mostly in inaccessible / uneconomic places.
One need to know if all these grand plans are practical and economically
feasible over the next few years, having consideration of other world
coal deposits, nearer economic coal markets.
Also refer to millions of tons in Tete province Mocambique miles form a market,
plus iron ore there.
That is a place where they could produce there own steel,
with coal and lime stone, but what about a market for iron ore and steel ????

Suggest you do not build up any near term hopes for this grand Chinese plan.
Bob

Suggest you do not build up any near term hopes for this grand Chinese plan

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Yes the inferstructure is a big problem,maling this more a long term opportunity for those with patience. I thought the recent news would be more positive than has been the case,still a profit(nowever small) is just that.Appreciate your input.

I am truly pleased you made a profit. I have no interest in anybody loosing.
As you know one can sometimes make money out of news items.
I have noticed that very good news is often short lived, and that one could
probably go short after a few hours of the good news, and profit from, a price
stabalisation which usually means a fall back, to more realistic levels.
More so than trying to go long on the good news.
Do you agree ?

I have spent years in East Africa -
not boasting, very interesting, but does need heavy investment as u say

I think your summung up is pretty much how i see it,quite often the same logic applies to bad news,where the market over-teacts,before finding a truer level.Takes a lot of nerve to trade in such circumstances,i'm a little less risk adversed in my old age.
As to CZA,i thought it near it's bottom and with pending news,thought it resonably safe? GL with your uivestments,but take care as their's some sharks out there?

.

http://www.asx.com.au/asxpdf/20130107/pdf/42c9hysz8kw4b6.pdf

CZA:Flying today on the latest news.

09 January 2013

ANNOUNCEMENT 9 January 2013
Beijing Haohua Energy Resources Co. confirms receipt of Chinese regulatory approval for US$100 million investment

Coal of Africa Limited ("the Company" or "CoAL") is pleased to announce that Haohua Energy International (Hong Kong) Co. Limited ("HEI"), a wholly owned subsidiary of Beijing Haohua Energy Resource Co. Limited ("BHE"), has advised the Company that it has received the requisite approvals ahead of schedule from the relevant authorities in the People's Republic of China ("PRC") to proceed with the subscription for US$100 million of CoAL shares at a price of GBP0.25 per share in accordance with the definitive Subscription Agreement ("Subscription Agreement").

The requisite approvals include the Beijing Municipal Commission of Development and Reform 'Approval on the transaction of BHE's share subscription from CoAL' and the National Development and Reform Commission's 'Major local overseas investments transaction approval and registration' to the Beijing Municipal Commission of Development and Reform. The approvals are valid for two years.

Under the Subscription Agreement, the Initial Placement of US$20 million has been received by the Company and the Conditional Placement of US$80 million remains subject to shareholder approval. As announced on 24 December 2012, the Notice of the Extraordinary General Meeting ("EGM") to be held on 25 January 2013, has been dispatched to shareholders to consider and approve the US$100 million investment by HEI at the EGM.

CoAL Chairman, David Brown said, "I am pleased that the remaining approvals required by HEI to complete the transaction have been received ahead of the shareholder meeting on 25 January. Upon the conclusion of this transaction, CoAL will be well placed to execute its

interesting situation but it has risen far too much imho.

Appears there will be no need for a rights issue for Coal of Africa according to a news interview with the director as he stated CZA has the full support of large investors, so the share price should recover back to the last 15p resistance level short term, as the recent drop down was due mainly to shareholders expecting a fund raising/dilution which is now off the cards for now, and the management states they are hopeful of big increases in CZA share value over the next 2 years. So might see CZA back at the £1 level again with some luck.

so probably a good time to buy this at the present low level?