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Forum - Mining and Commodities Eh! (Morgan Stanley China - CAF)    All things commodities, with a Canadian Junior Miner focus.

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From: Jimjones1972 (Rep: 3)Date: 2017-03-20 11:47:04
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5747 - Part 1/20 (Rec: 0)


CAF.V – Canaf Group Inc. Due Diligence Report

Price: $0.07
Common Shares: 47,426,195
Options/Warrants: Nil
Insider Holdings: 15,391,328 or 32.5% as per www.Sedi.ca
Website: www.canafgroup.com

Financials (All in US Dollars – Should Be Converted into CDN Dollars for accurate value)

ASSETS

Cash: $595,806
Trade Receivables: $1,298,566
Tax Receivable: $5,904
Inventories: $393,373
Prepaid Expenses: $28,526
Property, Plant & Equipment: $1,197,093
Intangible: $1
Total Assets: $3,519,269 ($4,700,511 CAD as of March 20th 2017)
LIABILITIES
Trade Payables: $1,130,333
Income Tax: $939
Current Portion of bank loan: $225,758
Total Bank Loan: $403,126
Deferred Tax: $91,918
Total Liabilities: $1,852,074 ($2,473,722 CAD as of March 20th 2017)

Asset/Debt Ratio: 1.9:1

Revenue over the last 4 quarters
Date – Sales - Profit(Loss)
Q1 2017 - $2,991,706 – Net Income of $197,691
Q4 2016 - $1,796,330 – Net Income of $136,764
Q3 2016 - $1,126,582 – Net Income of $19,945
Q2 2016 - $757,843 – Net Loss of ($41,382)

From MD&A: The summary above demonstrates a return of the Corporation to three consecutive quarters of increasing revenue and net profit. The increase in sales has been generated by an increase in Quantum’s product demand, which has been caused by not only a reduction of availability of coke, and coke related products within South Africa, but also due to a slight return to confidence in the local steel and manganese markets. Despite the Corporation feeling that there remains room for more confidence to return to these markets, the outlook for the remainder of the year remains relatively strong.

MD&A Highlights

The Corporation is very pleased to confirm strong results for the 3-month period end January 31, 2017, as forecasted. The results demonstrate the continued strong turnaround of the Corporation’s South African business, Quantum.

Revenue for the 3-month period increased to $2,991,706; an increase of 193% in comparison to the same quarter last fiscal year, and up 67% from the previous quarter ended January 31, 2017. The Company expects sustained levels of revenue during Q2 2017, as demand for Quantum’s product remains strong in South Africa.

During the quarter, the Corporation recorded a net income of $197,691 (C$259,579), in comparison to a net loss of $294,482 for the same quarter the previous year. Adjusted EBITDA rose to $569,300 (C$747,517) for the quarter.

The Corporation is currently in discussions with major customers to secure new long-term contracts for a period of 2 years, which will provide security of sales, and enable the business to further invest in cost saving modifications for the operation.

The recent results further confirm the Corporation’s strong position as a carbon reductant supplier in South Africa. Quantum is one of a few suppliers of a low volatile reductant, a situation, which has allowed the entity to emerge as a key player in the country.

The outlook and profitability for the coming year remains dependent on demand for the Corporation’s calcine product, which the Corporation believes looks far more promising than the previous fiscal year-end 2016. The Corporation intends to continue to generate positive free cash flow during the fiscal year-end 2017 and will focus on increasing shareholders’ value, as well as investment to improve the efficiency of its older facilities, or investment into related business opportunities in South Africa.

In August 2006, Canaf, then known as Uganda Gold Mining, announced the termination of any further investment into its Kilembe Copper-Cobalt Project in Uganda. Since 2007, the Corporation has been involved in a legal dispute with Kilembe Mines Limited, (“KML”). In January 2013, the High Court of Uganda referred the case back to arbitration for settlement. On May 29, 2013, a preliminary meeting was held between the Corporation, KML and the arbitrator.

The Corporation can confirm that further meetings were scheduled for August 2013, after filings of amended statements of defence and claims had been submitted. Since the initial meeting however the Government has awarded a deal to a Chinese Consortium to manage and operate KML. The Corporation’s appointed Ugandan Advocates have notified the board that the Arbitrator has stepped down for personal reasons. The Company’s Uganda Advocates and the Government’s Solicitor General have agreed to a new Arbitrator, Retired Justice James Ogoola. The parties held a preliminary meeting with the Arbitrator who requested them to provide him with their fee estimate for the conduct of the Arbitration. The estimate has since been provided to the Arbitrator who is yet to confirm whether or not he is agreeable to it.

In the meantime the Company appointed SRK Consultants to prepare a brief document to quantify the ‘lost opportunity’ value of the termination of the Kilembe Project. During the current financial year the Company will utilize this document to assist in the submission of a revised claim against KML. The Company has received no new information since 2014, and the Company remains unable to give an indication of either the quantum or any likely date by which a settlement will or will not be reached. The original claim, before costs, is for a money sum of US$10,370,368 as at January 24, 2007.
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-03-20 11:58:31
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5748 - Part 2/20 (Rec: 0)
2017-03-20 08:22 MT - News Release

Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR Q1 2017

Canaf Group Inc. has released its financial statements and management discussion and analysis for the three-month period ended Jan. 31, 2017.

The Corporation is very pleased to confirm the expected positive results for the quarter, which demonstrates the continued strong turnaround of the Corporation's South African business, Quantum.

Revenue for the quarter increased to $2,991,706; an increase of 193% compared to the same quarter last fiscal year, and up 67% from the previous quarter ended January 31, 2017. The Corporation expects sustained levels of revenue during Q2 2017, as demand for Quantum's product remains strong in South Africa. The Corporation continues to work on allocating all of its production for the rest of the fiscal period, by securing long-term contracts with key customers.

During the quarter, the Corporation recorded a net income of $197,691 (C$259,579), in comparison to a net loss of $294,482 for the same quarter the previous year. Adjusted EBITDA rose to $569,300 (C$747,517) for the quarter.

The Corporation intends to continue to generate positive free cash flow during the fiscal year-end 2017 and, as it accumulates cash, will continue to look at either investment to improve the efficiency of its older facilities, or investment in related business opportunities in South Africa.

For more details and discussion on the results, the Financial Statements and Management Discussion and Analysis can be viewed on www.sedar.com or the Company's website, www.canafgroup.com. All references to dollars herein are to US dollars.

About Canaf

Canaf is a junior mining related group based in Vancouver, Canada, and with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100% of Quantum Screening and Crushing (Pty) Ltd., ("Quantum"), a South African based company that produces a high carbon, de-volatised anthracite.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.


Reply to Jimjones1972 - Msg #5747 - 03/20/2017 11:47
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-06-01 15:56:04
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5776 - Part 3/20 (Rec: 0)
CAF Q2 results will be out shortly. Like it said in their last news release, profitable quarters will continue.

Reply to Jimjones1972 - Msg #5747 - 03/20/2017 11:47
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-06-16 10:11:19
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5865 - Part 4/20 (Rec: 0)
2017-06-16 07:54 MT - News Release

Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR Q2 2017

Canaf Group Inc. has released its financial statements and management's discussion and analysis for the three-month period ended April 30, 2017.

As forecast, the corporation has recorded another strong quarter of continued sales and profit growth, demonstrating the capabilities and potential of the business.

Revenue for the quarter increased to $3,490,753 (U.S.), an increase of 360 per cent compared with the same quarter last fiscal year and up 16.7 per cent from the previous quarter ended Jan. 31, 2017.

During the quarter, the corporation recorded a net income of $231,961 (U.S.), in comparison with a net loss of $41,382 (U.S.) for the same quarter the previous year.

For the six-month period ended April 30, 2017, the corporation recorded adjusted earnings before interest, taxes, depreciation and amortization of $679,582 (U.S.) ($927,257) and net income of $429,652 (U.S.) ($586,240).

For more details and discussion on the results, the financial statements and management's discussion and analysis can be viewed on SEDAR or the company's website.

About Canaf Group Inc.

Canaf is a junior mining related group based in Vancouver, Canada, and with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that produces a high-carbon, devolatized anthracite.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.


Reply to Jimjones1972 - Msg #5748 - 03/20/2017 11:58
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-06-16 12:04:31
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5869 - Part 5/20 (Rec: 0)
Price: $0.09
Common Shares: 47,426,195
Options/Warrants: Nil
Insider Holdings: 15,391,328 or 32.5% as per www.Sedi.ca
Website: www.canafgroup.com

Financials (All in US Dollars – Should Be Converted into CDN Dollars for accurate value)

Q1 2017 Results
Sales: $2,991,706
Net Income: $198,221 USD

Q2 2017 Results
Sales: $3,490,753
Net Income: $236,961 USD

Six Month Results(2017)
Sales: $6,482,459
Net Income: $434,934

Earnings per share after 6 months:
$434,934USD X 1.32(as of June 16th) = $575,444CAD Profit
$575,444 / 47,426,195(total common shares) = $0.012c earnings after Q1/Q2

ASSETS
Trade Receivables: $2,499,259
Tax Receivable: $1,471
Inventories: $541,996
Prepaid Expenses: $35,194
Property & Equipment: $1,253,497
Total Assets: $4,331,418

LIABILITIES
Trade Payables: $1,784,836
Sales Tax Receivable: $27,511
Income Tax Payable: $947
Bank Loan: $406,699
Overdraft: $6,573
Deferred Tax: $47,363
Total Liabilities: $2,427,510

Asset/Debt Ratio: 1.78:1

MD&A Highlights

OVERALL PERFORMANCE AND OUTLOOK

The Corporation is very pleased to confirm a second consecutive quarter of strong results for the 3-month period ended April 30, 2017. Revenue for the 6-month period increased to $6,482,459 in comparison to $1,780,616 for the same period last fiscal year, and up 16.7% from the previous quarter ended January 31, 2017. For the 6-month period, the Corporation recorded a net income of $429,652 (C$586,240), in comparison to a net loss of $335,864 for the same quarter the previous year. Adjusted EBITDA rose to $679,582 (C$927,257) for the quarter.

Quantum has performed well for the first half of the year, however the Corporation expects to see a period of reduced demand during Q3 and Q4. For Quantum to reach its full potential, the Corporation recognises the need to broaden its customer base. The Corporation can confirm that it has received interest in its product from a new, major ferro-alloy producer in South Africa, which the Corporation hopes to supply from January 2018; discussions are currently ongoing.

The outlook and profitability for the coming years remains dependent on demand for the Corporation’s calcine product, which the Corporation believes remains positive for the long-term.

The Corporation intends to continue to generate positive free cash flow during the fiscal year-end 2017 and will focus on increasing shareholders’ value, as well as investment to improve the efficiency of its older facilities, or investment into related business opportunities in South Africa.

Revenue increased 264% to $6,482,459, from $1,780,616, for the same period last year. The significant increase in sales is due to a combination of unusually low sales during the last fiscal period, compared to a strong demand during the current period, also at increased prices per sales unit. The Corporation expects to report reduced sales for Q3 and Q4 but expects fiscal year end 2018 to reflect increased demand as the Corporation hopes to bring on a new significant customer and also benefit from an improved, and protected, steel market in South Africa.

Revenue from the sale of calcine and coal has historically been derived from two customers and as a result the Corporation is dependent on these customers for its revenue. Quantum however has been actively working on increasing its customer base and has goals to be supplying at least three different facilities by the end of the current fiscal year. Should the Corporation not be successful in increasing its customer base it will continue to solidify and build on its current supply relationships by engaging in secure, long-term supply contracts.


Reply to Jimjones1972 - Msg #5865 - 06/16/2017 10:11
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-09-25 11:13:11
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5980 - Part 6/20 (Rec: 0)
Price: $0.065
Common Shares: 47,426,195
Options/Warrants: Nil
Insider Holdings: 15,391,328 or 32.5% as per www.Sedi.ca
Website: www.canafgroup.com

Financials (All in US Dollars – Should Be Converted into CDN Dollars for accurate value)

ASSETS (USD)
Cash: $671,367
Trade Receivables: $907,084
Income Tax Receivable: $27.960
Sales Tax Receivable: $1,575
Inventories: $504,600
Prepaid Expenses: $39,166
Property & Equipment: $1,202,245
Intangible: $1
Total Assets: $3,353,998 (USD)

LIABILITIES
Trade Payables: $732,024
Sales Tax Receivable: $39,234
Income Tax Payable: $958
Current Bank Loan: $78,590
Total Bank Loan: $411,488
Total Liabilities: $1,262,294

Q1 2017 Results
Sales: $2,991,706
Net Income: $198,221 USD

Q2 2017 Results
Sales: $3,490,753
Net Income: $236,961 USD

Q3 2017 Results
Sales: 1,961,208
Net Income: $187,796 USD

Nine Month Results (2017)
Sales: $8,443,667
Net Income: $622,730 USD

Earnings Per Share:
$622,730 USD X 1.235(rate today) = $767,490 CAD

$767,490 CAD / 47,426,195 (shares) = $0.016 CAD earnings per share

MD&A Highlights

After an extremely positive and profitable first two quarters to the financial year, Q3 reflects an expected short-term period of depressed Sales, and subsequent reduction in earnings. Despite Sales reducing significantly for the period, the Corporation remained profitable, again demonstrating its resilience in difficult trading conditions. Sales are expected to increase slightly for Q4 and Q1, 2018.

Revenue for the 9-month period increased to $8,443,667 in comparison to $2,907,198 for the same period last fiscal year. The Corporation recorded a net income of $595,716 (C$741,080), in comparison to a net loss of $335,864 for the same period the previous year. Adjusted EBITDA rose to $881,885 (C$1,097,080) for the period.

The Corporation continues to understand that for Southern Coal to reach its full potential, its customer bases needs to increase so to reduce its reliability on key suppliers. Southern Coal is continuing to work with a new potential major customer to supply product in South Africa and remains hopeful for trial loads to be dispatched in Q1 or Q2 2018.

The board believes that it is in the interest of the Corporation, and its shareholders, that Southern Coal (Pty) Ltd., achieves a Broad-Based Black Economic Empowerment, (“B-BBEE), Level 4 rating during the fiscal year 2018. During the quarter the Corporation can confirm that it has had discussions with its customers over the need for Southern Coal to improve its current B-BBEE rating so to remain compliant with its customers own supplier requirements. During the coming three months, the Corporation expects to announce the details of a deal that is currently being negotiated and finalized by specialists. All in all, the board is of the belief that the final deal that will be agreed will be one that will ensure sustainability and offer growth opportunity for the South African business.

The Corporation intends to continue to generate positive free cash flow during the fiscal year-end 2017 and will focus on increasing shareholders’ value, as well as investment to improve the efficiency of its older facilities, or investment into related business opportunities in South Africa

The Corporation has an agreement to lease premises for its coal processing plant in South Africa for a term of ten years, expiring on December 31, 2020. The agreement offers the Corporation, in lieu of rent, feedstock coal to be delivered to its adjacent premises, which it purchases at market price. Should the Corporation decide to purchase feedstock coal from an alternative supplier which the lessor is otherwise able to provide, then a monthly rent of Rand 200,000 ($14,846) is payable. To date, the Corporation has not been required to pay any rent for the premises as it has continued to purchase feedstock coal from the landlord.

The bank loan bears interest at 9.25% per annum, matures on January 7, 2019, and is secured by the Corporation’s furnace acquired with the proceeds from the loan. The bank loan is repayable over 42 months in blended monthly payments of Rand 393,779 ($29,230 translated at October 31, 2016 exchange rate). During the period ended July 31, 2017, the Corporation incurred interest expense totaling $42,420 (October 31, 2017 – $71,721).

In August 2006, Canaf, then known as Uganda Gold Mining, announced the termination of any further investment into its Kilembe Copper-Cobalt Project in Uganda. Since 2007, the Corporation has been involved in a legal dispute with Kilembe Mines Limited, (“KML”). In January 2013, the High Court of Uganda referred the case back to arbitration for settlement. On May 29, 2013, a preliminary meeting was held between the Corporation, KML and the arbitrator. The Corporation can confirm that further meetings were scheduled for August 2013, after filings of amended statements of defence and claims had been submitted. Since the initial meeting however the Government has awarded a deal to a Chinese Consortium to manage and operate KML. The Corporation’s appointed Ugandan Advocates have notified the board that the Arbitrator has stepped down for personal reasons. The Corporation’s Uganda Advocates and the Government’s Solicitor General have agreed to a new Arbitrator, Retired Justice James Ogoola. The parties held a preliminary meeting with the Arbitrator who requested them to provide him with their fee estimate for the conduct of the Arbitration. The estimate has since been provided to the Arbitrator who is yet to confirm whether or not he is agreeable to it. In the meantime the Corporation appointed SRK Consultants to prepare a brief document to quantify the ‘lost opportunity’ value of the termination of the Kilembe Project. During the current financial year the Corporation will utilize this document to assist in the submission of a revised claim against KML. The Corporation has received no new information since 2014, and the Corporation remains unable to give an indication of either the quantum or any likely date by which a settlement will or will not be reached. The original claim, before costs, is for a money sum of US$10,370,368 as at January 24, 2007.


Reply to Jimjones1972 - Msg #5869 - 06/16/2017 12:04
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2017-09-25 11:38:56
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #5981 - Part 7/20 (Rec: 0)
2017-09-25 09:33 MT - News Release

Mr. Christopher Way reports

CANAF ANNOUNCES FINANCIAL RESULTS FOR Q3 2017

Canaf Group Inc. has released its financial statements and management discussion and analysis for the three-month period ended July 31, 2017.

During the period, the corporation recorded revenue for the quarter of $1,961,208 (U.S.), an increase of 74 per cent compared with the same quarter last fiscal year, but down 44 per cent from the previous quarter ended April 30, 2017.

During the quarter, the corporation recorded a net income of $166,064 (U.S.), in comparison with a net income of $19,945 (U.S.) for the same quarter the previous year.

For the nine-month period ended July 31 2017, the corporation recorded adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of $881,885 (U.S.) ($1,097,080) and net income of $595,716 (U.S.) ($741,080).

For more details and discussion on the results, the financial statements and management discussion and analysis can be viewed on SEDAR or the company's website.

About Canaf Group Inc.

Canaf is a junior mining related group based in Vancouver, Canada, with subsidiary offices in the United Kingdom and South Africa. Canaf owns 100 per cent of Quantum Screening and Crushing Pty. Ltd., a South African-based company that owns 100 per cent of Southern Coal Pty. Ltd., a company that produces a high-carbon, devolatized anthracite.

We seek Safe Harbor.

© 2017 Canjex Publishing Ltd. All rights reserved.


Reply to Jimjones1972 - Msg #5980 - 09/25/2017 11:13
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2018-01-03 15:35:20
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #6089 - Part 8/20 (Rec: 0)
CAF.V is starting to gain momentum as a bunch of news is coming down the pipeline in the next 60-90 days. Remember, this is easily the most undervalued earnings based company on the venture exchange. Trading at a 3.3X multiple(similar companies are 15-20X), and with an Asset/Debt Ratio of roughly 3:1, leveraged towards the USD. Just over 47 million shares outstanding with 33% insider held. CAF refines coking coal used for the steel industry, not typical coal that you find everywhere for burning. It's a special type of coal that only makes up 1% of the world coal reserves. BHP Bhiliton is Canaf's long term client and the largest producer of coking coal in the world, so it's very dependent even on a small company like CAF.

What to expect in 90 days:

- Year End Results February 2018
- Q1 2018 Results March 2018
- Update on a major deal that was announced in the MD&A

CAF has already generating $750K CDN in profit for 2017 over 9 months. In their MD&A it clearly states that Q3 was a weaker quarter and that Q4 2017 and Q1 2018 will have increased sales which will obviously generate larger profits. Recently South Africa had an election and the new leader is very pro business and could usher in major reforms to make South Africans companies more profitable.

All information can be found on Sedar for those that want to confirm all this.


Reply to Jimjones1972 - Msg #5981 - 09/25/2017 11:38
NOTE: This message has been revised 1 time. Read original version of this message.
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2018-01-04 00:43:11
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #6090 - Part 9/20 (Rec: 0)
http://www.canafgroup.com/s/QuantumScreening.asp

Canaf Group owns 100 percent of Quantum Screening and Crushing (Proprietary) Limited, ("Quantum"), a private South African company that focuses on anthracite beneficiation.

Quantum produces calcined anthracite, a product used primarily as a substitute to coke in the manufacturing process of steel and manganese. The company's two largest clients are world leaders in steel and ferromanganese production, namely ArcelorMittal and BHP Billiton respectively. Quantum has an operation near Newcastle, KwaZulu Natal, where its two kilns operate, de-volatising the raw material anthracite, known as calcining. The majority of Quantum's feedstock anthracite is supplied by the neighbouring Springlake Colliery, which has reserves in excess of 20 years.

Calcining is a process whereby anthracite coal is fed through a rotary kiln, at temperatures between 850 and 1100 degrees centigrade; the volatiles are burnt off and the effective carbon content increased. The final product, referred to as 'calcined anthracite' is used as a coke substitute. Calcined anthracite is used as a reductant in the manufacture of steel and manganese, as well as other sintering processes. Quantum, through its wholly owned subsidiary Southern Coal (Proprietary) Limited, ("Southern Coal") has been profitably carrying on this business since 2004.

Location and Plant

Quantum is situated in Newcastle, KwaZulu Natal, South Africa. The majority of the feedstock anthracite is supplied by Springlake Colliery which has reserves in excess of 20 years, whose coal siding is strategically located adjacent to Quantum's facility.

Quantum runs two independent lines of production which each consist of pre-heating stage feeding a main rotary kiln. The raw material, anthracite is feed into an electrically heated rotary pre-heater, which raises the temperature of the product to about 800 degrees C. The pre-heated (and red hot) anthracite is then fed into the main, refractory lined, rotary kiln. It is at this stage of the process that extra raw material is added to the main kiln. The temperature of the main kiln is then controlled to remain above 1000 degrees C so that calcination of the anthracite occurs and maximum amount of volatile matter is burnt off.

The final stage of the process involves the oxidization of any excess volatiles in the after-burners/oxidizers, before emission to the atmosphere.

Screening and Crushing Plants

Since the Company acquired Quantum in 2007, significant investment has been made in crushing and screening equipment. Quantum now has the ability to offer existing and potential customers a range of size productsm which subsequently opens up other markets.

Quantum has 2 independent screening plants, which are capable to dry screen down to sizes as small as 6mm.

Profitability, Performance and Expansion Program

Quantum Screening and Crushing has been operating profitably since the Company acquired it in 2007.

Quantum Screening and Crushing has built up a fine reputation for product quality and reliability of supply, which has earned the respect and preference from two of the major steel and manganese producers in the world. Canaf believes that as long as Quantum maintains its focus on its core values, coupled with the ever-increasing demand of calcined anthracite as a replacement to coke in the reductant market, that the business will continue to expand and potentially become one of the major reductants and low volatile reductant suppliers on the continent.


Reply to Jimjones1972 - Msg #6089 - 01/03/2018 15:35
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From: Jimjones1972 (Rep: 3) reply to Jimjones1972Date: 2018-01-13 11:04:53
Forum: Mining and Commodities Eh! - Thread #673914972 - List CAF msgsMsg #6099 - Part 10/20 (Rec: 0)
Very positive for CAF, means the company is getting more money compared to prior quarters once converted from Rand to USD. See chart:

https://www.xe.com/currencycharts/?from=ZAR&to=USD&view=2Y


Reply to Jimjones1972 - Msg #6090 - 01/04/2018 00:43
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