Mc Mining Share Discussion Threads

[casual47] 29/11/2018 16:26

Really need to fix the liquidity here...only one 13K trade today

[2bozmo] 27/11/2018 17:24

I know mate, as was mine!!They were hoping for AM off-take in next two weeks. Nice to have it done pre-Xmas.

[casual47] 27/11/2018 14:09

Thanks. Looking forward to £1.20 and above.

[bengal1] 27/11/2018 14:06

Before..could land any time... 2 bits of important news possibly..

1.Offtake
2 GSP

[casual47] 27/11/2018 14:01

Is the next bit of news due before or after Xmas?

[mjcferguson] 27/11/2018 14:00

Topped up again today after agm report.A lot of value here once we are up and running.

[bengal1] 27/11/2018 13:55

I am buying more.. But cant get hold of much stock..was snaffled at 48p

[channel pirate] 27/11/2018 13:52

Hi 2boz, was said more with "tongue in cheek" than any grumble, as when we normally have a rise it usually gets knocked back soon after as it has done now.

I was even considering 'adding' but for the first time in years I decided to add up what I had spent so far first, and had a bit of a shock !! Gotta hold firm with what I got here unfortunately.

[2bozmo] 27/11/2018 13:39

Blimey. Tough crowd. Was sub 20p a couple of weeks ago....another off-take agreement on the way....

[channel pirate] 27/11/2018 12:38

Normal Service being resumed ? - let's hope it's only temporary and we can enjoy further increases in the share price soon.

[casual47] 26/11/2018 16:19

I think we probably should hold back a wee bit with the shareprice predictions.

The news has been out for a good few days now so unless there are further developments everything should be baked in.

Hopefully the shareprice can hold its recent gains while we wait for more news.

PS: What are the chances of a takeover? I think I may prefer that as a quicker route to ROI of my holding....

[bengal1] 26/11/2018 13:23

More good news on way?? .. Online buy limits dropped...

[2bozmo] 24/11/2018 13:19

Agreed. Re-rating has started. Expect it to continue. Crazy we're not even at pre-consolidation levels. Expect us to be north of £1 by yesr-end. Lack of free-float here may mean closer to £2. Just my opinion.

[bengal1] 24/11/2018 07:31

I also believe our share price will correct itself earlier than next year!! Currently the same as it was before all these achievements!! So my prediction, at least £1 EOY, and £2 by March 19.... Lets see what Santa brings!!

[bengal1] 24/11/2018 07:28

Thank you Bozmo. A superb update. I have spoken to DB on one occasion and in my opinion he is a genius. His approach to projects and integration into society is the best I have ever seen. Hopefully our company will prosper along with the wonderful people of South Africa. Your AGM notes fully reflect this sentiment.

[channel pirate] 23/11/2018 22:27

Second that - Thanks 2boz for sharing

[allend47] 23/11/2018 22:21

Brilliant update , thanks 2bozmo
Might get my money back after all
Good luck all

[2bozmo] 23/11/2018 21:49

AGM notes.Present:MC Mining: David Brown (DB) and Bernard Pryor (BP)Investors: MeOthers: Tavistock, Computerserve and Nomad (Peel Hunt)I've been last few years to AGM plus EGM so they know me reasonably well. They definitely had a spring in their step and before meeting started BP had a glint in his eye as stated 'more good news to follow'. They were both bulled up by surface rights acquisition.Main business of passing resolutions lasted 15 mins.David Brown then gave a summary, I asked a few questions and then we continued for after 30 mins after meeting finished. He highlighted during main speech:Incredible progress been made over last 18 months against strategy:1) Uitkomst:ROM going up y/y. Dealt with equipment issues by purchasing mining company, expanding additional funding, seeing benefits from increasing maintenance plan and new roster system. Favourable pricing improving quarterly results. 2 initiatives:a) plant modification leading to 3rd production stream, increase ROM volumes by 10-15%. Expected January 2019; andb) development of N Adit, testing q1 2019 and get IWUL granted q1 leading to increase in ROM by 20%. Expected 2020;Uitkomst has been incredibly profitable, in 24 months time these developments would see Uitkomst cover all company's overheads by itself;2) Mooiplaats:Sale made and all agreements in place so will receive balance of sale proceeds;Putting 1) and 2) together, i.e being in production, reduced liabilities and revenue coming in means they are very credible, viable business and banks giving the various loans financing. Definitely a sea change on that front, which leads onto:3) Makhado:Super-excited about this. Acquisition of 2 farms has led to this move sharp higher in share price and more to follow. Debt financing framework to be agreed by February . They then plan to present plan for execution to the board in March. He expects a significant increase in share price when plans are released.Before then, they anticipate they will have another off-take agreement signed for hard coking coal before end of year, hopefully in next two weeks with ArcelorMittal. He said Arcelor in main AGM presentation so that's public information plus they're a share holder so expected they would have off-take agreement;Very confident the last remaining regulatory piece, the Environmental Authorisation appeal will be overturned by February;Funding has been underpinned by marketing of hard coking coal. Cash generative very quickly, will be predominantly debt financed.New CFO (Brenda Berlin) has provided fresh impetus in terms of debt funding;They've got on the Lukin and Salaita farms and checked everything secure etc in terms of fencing and security. They can get on with geological testing etc in February;4) CGA acquisition:Still doing due diligence on couple of potential targets. Nothing new but it's now a 3rd not 2nd CGA.5) they believe the future's really bright. Just had the most positive cycle of board meetings since DB and BP joined.I asked a few questions then we continued speak afterwards:He expects Vele to come back into play at some point, especially with SEZ;GSP, of the 3 coal fields, expects mining rights to be granted this year for 2 of them this year, other one in 2019. Local community there have investment with Makhado so supportive but 5-10 year plan;I asked about institutional investors buying in, as that was part of point of the share consolidation. They're starting to see some interest, they were speaking with groups in March before government land expropriation failed. Obviously no interest after that. DB is very personable and had a good relationship with land owners, and probably down to him we acquired farms. He's presenting at a mining Indaba in the new year and has number of potential investors lined up.We spoke for around 30 mins post meeting. General catch-up in the main. Chinese still keen on the project and pushing it forward, company seem to have a very good working relationship with members of SA government.I definitely left the meeting with a weird feeling, a belief this is now actually happening. Land acquisition massive step. DB did highlight flow of positive news in recent weeks, which he suggests will continue. It finally looks as though our patience may be rewarded.Happy to answer any questions on above.

[bengal1] 23/11/2018 07:38

Up 13% on SA Exchange...

[bengal1] 22/11/2018 20:17

That's got to be an Institution buying in...

[tburley] 22/11/2018 19:55

That late reported trade bodes well for tomorrow. The stock seems to be in very short supply. GLA

[bengal1] 22/11/2018 17:40

Well that's a sizable buy at 48p.

[bengal1] 22/11/2018 11:07

Just about to jump up..

[2bozmo] 22/11/2018 08:28

I'm expecting something positive out of AGM tomorrow. GSP Mining rights were expected by end of September.Update on off-take and financing

[bengal1] 21/11/2018 11:22

Not really small...