Coal of Africa Share Discussion Threads

[2bozmo] 16/7/2019 11:14

Casual, good post but use MCM board pls

[casual47] 16/7/2019 09:43

"The total funding requirement for both Phase 1 and the settlement of the existing 2017 loan facility is some R700 million ($50 million). The Term Loan will satisfy R245 million ($17.5 million) of this, leaving a residual equity requirement of R455 million ($32.5 million). MC Mining anticipates that an equity raise to secure the residual equity requirement will be completed in due course enabling construction activities to commence later in Q3 CY2019."

$32.5m is nearly half the current mcap. So now it gets interesting:

Can they place it at a premium? (Best case as it will demonstrate belief in the potential and a susbequent shareprice rerate may be rather swift)

Or will it be at a discount? (The extent of the discount would reflect the extent of the perceived risk. It could also mean an overhang might cause a drag on the shareprice going forward if the shares are held by loose hands, so could limit upside or at least speed of any rerate)

[allend47] 26/1/2018 15:17

yes thanks, apparently it is Barclays only temporary

[willoicc] 26/1/2018 14:42

You know it is now MC Mining (MCM)?

[allend47] 26/1/2018 09:49

My shares on Barclays say DELISTING
Anybody heard anything?

[boodgewoodge] 15/1/2018 12:37

there is negligible volume being traded , the spread has contrary to expectations widened , SENS/RNS seems to be furthest from the boards mind , zero increase in investor interest , whats going on here .....shafted , built up for further dilution or does the management have a definitive plan of action

[ianio5691] 09/1/2018 13:13

Dont think they came back after the 2014 Christmas holidays Boodge...

[boodgewoodge] 09/1/2018 13:09

can anyone please advise when our board gets back from the Christmas Holidays ?

[channel pirate] 15/12/2017 19:44

Like you 2bozmo, I also picked up a small lot on Tuesday for trading at 32.00p (trade not showing), but sold them today mid-afternoon at 36.00p (12.5% profit in 4 days). I have now made just over £4000 by doing this over the past couple of years whilst still keeping my core holding of 500K.

[2bozmo] 15/12/2017 19:17

I picked up a few this week @ 32.8. I'll buy more when have the funds available. In for a penny, in for a pound....

[boodgewoodge] 15/12/2017 13:41

lets hope before end of the year carrys some weight , surely the board would have been aware that the investors would not be falling over themselves to get in based only on re branding and a reduction in the shares issued ..... wheres the catalyst Mr Brown ?

[2bozmo] 15/12/2017 08:06

I was the only private investor at the AGM and had the opportunity to spend 30 minutes with David Brown at the end of proceedings. Hopefully we'll have some positive news by the end of the year. A lot was said to me in confidence and don't want to break that trust, but this is a gift at these levels, everything very positive (particularly Uitkomst) and going very well. I've met David on a number of occasions prior to this and this was the most optimistic and positive I've seen him.

[boodgewoodge] 15/12/2017 06:42

2bzmo , some insight to elevate the Christmas spirit ?

[digger2779] 12/12/2017 20:57

Unfortunately the drop is what you get post consolidation. From what I've seen over the years it always happens. After all we are only gamblers and of no consequence to the guys raking in their salaries.

[enewman36] 12/12/2017 19:01

Ok, so that explains the name Motivcom, but the drop of 30%?

[channel pirate] 12/12/2017 14:21

Both LSE and Hargreaves Lansdown site are showing MCM and there has been several trades today, both buying & selling - hope that helps

[enewman36] 12/12/2017 13:36

What have I missed or am missing here, when we were suspended for the second time we were in a range of 44-46, we have come back at 33-34 range under a name that bears no resemblance to MC Mining (Motivcom), what gives?

[willoicc] 12/12/2017 13:13

MCM does not appear to have an Epic code yet.

[mackie] 12/12/2017 12:11

Is it an ADVFN problem?

[mackie] 12/12/2017 12:10

What has the name Motivcom got to do with this? I thought we were now MC Mining?

[channel pirate] 12/12/2017 10:38

Just had a look on my Broker site and MCM now trading (10-42am) at 30.0p/32.0p which equates to "old money" of 1.5p / 1.6p

Forgot to mention - YES, a happy Christmas to you also Mr Brown !!

[ianio5691] 12/12/2017 09:10

Well and truly shafted... in mining terms!

Thanks David Brown. Your efforts have been truly dismally spectacular for all holders.

[channel pirate] 12/12/2017 09:04

I see on the LSE Board that the shares are now trading at 34p / 36p which would have been 1.7p / 1.8p at the old price. The valuation of our shares is proceeding as most said (including myself) in a southerly direction already !!

[allend47] 11/12/2017 16:44

Am I mad, just bought £500 worth at under 37