Junior coal companies operating in South Africa are in the midst of a crisis as a shortage of capital weighs heavily on stock prices, with analysts predicting a consolidation of operations.
“Some of the junior coal companies that are undercapitalised will have to sell their resource. Some miners have to look for capital somewhere and one cannot rule out the possibility of consolidation,” Sibonginkosi Nyanga, a mining analyst at Imara SP Reid, said.
No reply from anyone in Ikwezi, M.D quieter than a mouse....I can see a break down to 1.5c then 1c then sub 1c........been saying sell since 3c++. wish i actually did..shares at the moment effectively worth 0.
IKW Price at posting:
1.9¢ Sentiment: Sell Disclosure: Held
