Mc Mining Share Discussion Threads

[purple11] 09/4/2024 09:45

im getting into miners

thats where the smart moneys heading

im in ATM Andrada Mining tin mining.tin price going right way so the winds behind it

ATMs got a 30p Broker price target,currently 4.90p to BUY

[aimmafia] 08/4/2024 06:58

Well I bought some more last week so at least I made some on that.

[purple11] 08/4/2024 06:57

looks like its going through

and nobody made a dime

[aimmafia] 26/3/2024 19:19

It's looking more and more likely they will not get enough shares. They still need another 10 percent by April 5th to get this over the line.

[ih_839493] 18/3/2024 17:31

If a higher rival bid emerges...

t's interesting to read in the report that if a higher rival bid does emerge, and the consortium does not match or exceed it, the consortium is bound to accept the higher offer for all of its holding. This lends itself to a 'white knight' scenario and hopefully a bidding war...

"If a higher rival bid emerges, and the Joint Bidders do not match it, they will be required to accept the higher rival bid for their entire joint holding As detailed in Section 4 of our Report, under RG 9, if a higher rival bid emerges during the Offer Period, and the Bidder Parties’ do not increase the Offer Consideration to be equal to, or greater than the consideration offered under the higher rival bid within the required seven day period, the Bidder Parties’ are required to accept the higher rival bid in respect of all the MC Mining shares held by the Bidder Parties at that time and will not be able to reject the higher rival bid. "

Source: Page 45 hxxps://www.mcmining.co.za/all-categories?task=download.send&id=1814:supplementary-targets-statement-18mar2024&catid=112

[purple11] 12/3/2024 11:08

and theres no money to be made in this market.

better odds down the bookies

[purple11] 12/3/2024 08:04

see....theres no money to be made in this junk

[aimmafia] 08/3/2024 15:35

Why not hold until we rise? Its going to move north soon enough

[purple11] 08/3/2024 14:51

best i could have got was 7.50 and now its 7.50 on the bid so would have made nothing trying a trade.

theres no money to be made in these markets anymore. nothing rallies

complete waste of time.

has anyone made any money here?

no is the answer

[aimmafia] 08/3/2024 10:58

It is way undervalued, but the way the markets are mate is not great.

[2bozmo] 08/3/2024 10:45

Why over the moon at 0.24? Ridiculously undervalued.....

[aimmafia] 08/3/2024 10:34

If we hit 0.24 aud I will be over the moon.I still Dont think the bidding has got going yet. The assets are unreal here and I can see another bigger bid coming in.

[2bozmo] 08/3/2024 10:27

Feels significant this additional interest. Senosi had manipulated the price lower and lower, now finds there's someone willing to pay more than Goldway. Company were disgusted at original 20-24 cents offer.

[aimmafia] 08/3/2024 10:16

Yes it is free money from here but there is another party which may put in a higher bid.Also Goldway may come back with an improved offer over 0.20 aud

[briggs1209] 08/3/2024 10:13

I've picked up a few more. Feels like someone is going to buy MCM and either the cheap bid or the non-bindiing bid will get me a profit.

[purple11] 08/3/2024 09:37

new offer between 8.8p and 10.60p

damn wont let me buy

[gorblimey] 18/2/2024 20:02

MC Mining Limited Off-Market Takeover Bid - Do NOT Accept the Offer

RNS Number : 2628D
MC Mining Limited
15 February 2024

ANNOUNCEMENT 15 February 2024



OFF-MARKET TAKEOVER BID - PRELIMINARY VIEW - DO NOT ACCEPT THE OFFER



MC Mining Limited (MC Mining or the Company) provides the following update in relation to the off-market takeover bid by Goldway Capital Investment Limited (Goldway) for all of the fully paid ordinary shares on issue in the Company that the consortium of joint-bidders currently do not own for a cash price of A$0.16 cash per share (Takeover Offer).

Executive Summary

· DO NOT ACCEPT: The preliminary recommendation of MC Mining's Independent Board Committee (IBC) is that shareholders DO NOT ACCEPT the Takeover Offer from Goldway.

· OPPORTUNISTIC: The IBC is of the view that the Takeover Offer is opportunistic, does not provide an appropriate premium for control and does not appear to attribute adequate value to MC Mining's assets and projects.

· MINIMUM ACCEPTANCE CONDITION: The Takeover Offer is subject to a minimum acceptance condition (which cannot be waived) that Goldway receives acceptances in respect of at least 50.1% of the shares not held by Goldway and the joint bidders (Bidder Parties). In practical terms, this means that the Bidder Parties must be interested in or acquire relevant interests in at least 82.19% of the total shares on issue (not 75%) before (i) any offer consideration will be paid to any MC Mining Shareholders who have accepted the Takeover Offer and (ii) before Goldway can act upon any intention to delist MC Mining from trading on any and all of the Company's public market exchanges.

Refer to the below Schedule for further details in relation to the above summary.

Full details of the IBC's formal recommendation and reasons will be included in MC Mining's Target Statement, which will include the independent expert's report as to whether in the expert's opinion, the Takeover Offer is fair and reasonable and the expert's reasons for forming that opinion.

The IBC look forward to your continuing support as we respond to the Takeover Offer.

Khomotso Mosehla

Chairman of the IBC



This announcement has been approved for release by the Company's Disclosure Committee.

[2bozmo] 05/2/2024 09:55

Pretty much. Let's see what the company come back with. They still need 90% for this to go ahead

[mjcferguson] 05/2/2024 09:32

Cannot but feel that this is being stolen from us.A lot of money to be made in Makhado but big guys want to keep it for themselves.

[aimmafia] 02/2/2024 07:45

News - official offer at 8.3p - 0.16 aud

[purple11] 01/2/2024 20:37

breaking down

im just not so sure this ones gonna make it

its a helluva lot of money theyve got to raise

[aimmafia] 15/1/2024 19:33

See how it goes shall we. I think even if a few shares do fly people won't reinvest they will just pull the liquidity out of the markets

[purple11] 15/1/2024 15:48

yeah im not v optimistic about 2024.theres no volume anywhere
good luck