Mc Mining Share Discussion Threads

[bob1995] 27/9/2022 08:37

10p issue. Wow

[bad gateway] 27/9/2022 08:23

Back to 406 ZAR in S.A or 21p equiv. No wonder I got knocked back at 8 oclock. (needs sad smilie)

[aimmafia] 27/9/2022 08:07

And gone. Minus 35 percent today

[bad gateway] 27/9/2022 07:44

Might be a buyer again. Rights issue not placing and not available to the UK Banksters.

[jailbird] 27/9/2022 07:19

We timed selling out about right

[jailbird] 27/9/2022 07:18

I make it between 15-20p approx Might be wrong Approx 50% of whatever the price was on 16th SepAll rights traceable on ASC and JSE exchanges Anyone figured all out ?Glad I sold out other day too

[glennborthwick] 27/9/2022 07:07

Rights issues. What's that in pence then.

[2bozmo] 23/9/2022 09:42

Profit taking after recent run up. Don't thing anything more than that. Not exactly a deeply liquid stock!

[bad gateway] 23/9/2022 09:00

Taking quite a caning in S.A today. Showing 24.7p equiv at the mo have seen as low as 21.75p.
Funding or trouble at port?

[aimmafia] 23/9/2022 08:26

Hope everyone took profit in the 30s

[zxie] 20/9/2022 08:43

INSP shares jump soon

[glennborthwick] 20/9/2022 08:33

On the up again

[aimmafia] 16/9/2022 15:23

Cgo will do around 200-300% soon - only a matter of weeks until we get first payment

[jimduggen] 16/9/2022 09:24

Contango Cgo
Should catch this up in the coming months 7.8p to buy
Lovely rns today

[2bozmo] 15/9/2022 07:29

Also have GSP, which we paid $75m and is 5 times bigger than Makhado and Vele.

[gersemi] 15/9/2022 06:44

The current Richards Bay export prices are below.

API-4 is the 6,000kcal index, so current export price out of SA is US$324/t. I had a quick look, but could not find their exact product specification to confirm pricing.

The export agreement is for a minimum of 20kT per month, so 60kt per quarter. Costs to produce last quarter were US$9M (US$74/ROM t, from memory better than previous quarters).

Assuming MCM get 85% of API-4 price, the below is some quick workings.
Export API-4 Sales - 60kT @ US$270/t
Domestic API-4 Sales - 20kT @ US$90/t
Middlings - 6kT @ US$40/t
Total revenue - US$18.2M
Total costs - US$9M
Potential Profit - US$9.2M (per quarter)

They have US$16M of debt and some convertible notes I think. But could deleverage quickly.

The Makhado BFS has NPV of A$215M (base case), I would expect MCM to be valued at 50% of NPV once funding in place, 15-30% for no funding - so I value this part of the business at A$60M.

The existing thermal operating that could potentially produce US$36M profits per annum, A$53M - surely should be valued around A$100M in the current environment.

So I’m thinking a share price target of 80c to get to the A$160M market cap… be interesting to see what family funding gets announced for Makhado, I was hoping a JV or an earn in to ensure capital light and quick movement into production.

time will tell.

hxxps://hotcopper.com.au/threads/ann-mcm-uitkomst-coal-sales-marketing-agreement.6867232/page-17?get_post=true&direction=previous

[aimmafia] 14/9/2022 11:26

This is going to 50p at this rate

[aimmafia] 12/9/2022 09:58

Been great. Now for cgo to do the same. Holding both

[bad gateway] 12/9/2022 09:00

They do seem to have an unstoppable share price rise going on abroad. Showing nigh on 32p in S.A this morning.

ZAC 641.00 +8.64% +51.00

[2bozmo] 12/9/2022 07:34

33.5p equivalent close on ASX.Strap yourselves in

[aimmafia] 09/9/2022 11:46

The funding will only strengthen the company by allowing it to grow. I think funding will be around 28p

[glennborthwick] 08/9/2022 22:11

Well who knows but this is aim and when something three bags I'll always take the original stage back. If it goes up I think I'm great because I still have two thirds and if it drops back I think I'm great because is sold a third and got my stake out. Good for my self esteem ;)

[2bozmo] 08/9/2022 16:51

Unlikely placing at 20p imho