Mc Mining Share Discussion Threads

[badger60] 25/9/2023 12:27

bengal1On which exchange was the 150K purchase?

[badger60] 25/9/2023 12:09

Imo there is justifiable reason to be optimistic about MCM future. The latest figures were a vast improvement on production, efficiency and reserves. One doubt was concerning the future solvency, which the company went at lengths to outline. This I believe is partly due to having to comply with certain reporting regulation requirements.Given that MCM is 71% owned by iis, I would imagine that collectively they would be supportive of any fundraising, and also the management have strongly intimated that there are other initiatives being explored and taken to enhance the business. Time will tell but at these levels, imo, the potential going forward is outstanding.

[bengal1] 25/9/2023 11:58

Big buy just gone through. 150000

[aimmafia] 22/9/2023 07:00

MC Mining owns 70% of the Uitkomst colliery, which produces metallurgical coal, but much of its focus is on its flagship Makhado project in Limpopo, which will produce coking coal and thermal coal for export and domestic use. In December, it also restarted production at the Vele Colliery in Limpopo - which was mothballed in 2013 - and is ramping up production, targeting a monthly 60 000 tonnes of thermal coal.The Makhado steelmaking hard coking coal project has the required regulatory approvals and surface rights over the mining and processing areas and is "shovel ready," the group said, and an optimisation study was completed by independent experts, resulting in the annual capacity increasing from 3.2 million tonnes per annum to 4 million. Construction is expected to take 18 months and it has begun early works, including for electricity supply infrastructure. Peak funding required is estimated at R1.8 billion."MC Mining made pleasing progress during [financial year] 2023 including the completion of the A$40 million rights issue, the recommencement of operations at the Vele Colliery and the detailed planning for the construction of the Makhado Project," CEO Godfrey Gomwe said in a statement."The company's directors approved expenditure of R71.3 million on early works at Makhado and this commenced during the period while the funding initiatives for the balance of the capital required continued and are expected to be finalised in the [second half of] 2023."

[aimmafia] 22/9/2023 06:59

Junior coal miner MC Mining said its revenue almost doubled in its year to end June, helped by a new marketing deal which gave it access to the more lucrative global market.Revenue for the period increased by 91% to $44.8 million (R884 million) and the loss after tax fell 79% to $4.4 million, the group said in an update, even though the Uitkomst Colliery in KwaZulu-Natal produced 5% less coal, or 444 984 tonnes.A marketing agreement with Overlooked Collieries resulted in net revenue per tonne increasing to $142 from a $104, the group said. The miner, which is valued at R890 million on the JSE, fared well in 2022, jumping in September when it announced that it was getting a long-awaited A$40 million (R461 million) rights issue under way. While focused on SA, MC Mining is incorporated in Australia, where it is listed on the ASX, while also being listed in London, as well as the JSE.

[purple11] 21/9/2023 15:49

loss of only 4m a 80% reduction on the 20m a year before suggests they will v shortly go positive and into net profit as they are.

clearly the new massive mine Makhado will blow theses numbers out of the water and multi bag this.

funding will kick start a massive rerate

just gather what stock you can and hold very tight gl

[bengal1] 21/9/2023 15:24

Heavy on the going concern.

[aimmafia] 21/9/2023 14:36

I suspect that more news is around the corner, but I believe funding will be approved in or before November as nothing happens in SA in December

[highly geared] 21/9/2023 14:30

A good summary AIM.. Makhado funding will be transformational and should "multi bag" the share price based on the project economics + after tax IRR of nearly 40%. The fact that there is $ multi million forward funding of key activities suggests full project funding is imminent.

[aimmafia] 21/9/2023 13:59

Remember we are waiting for the main announcement ?These set of results gives some great insight on what has been happening. And there has been A LOT going on behind the scenes.The increased costs are expected.Vele is on track.Healthy cash in bank.Makhado early works going well.Let's wait for the funding announcement and the IDC loan extension. Then we see.GLTAH?

[aimmafia] 21/9/2023 13:58

Congratulations on copy and pasting

[purple11] 21/9/2023 07:58

just like you talk complete twaddle aim when you dont even know what the market cap is!

LOL

[mint1111] 21/9/2023 07:55

I don't need to prove anything to you.....you can believe what you want....I don't really give a toss.

[aimmafia] 21/9/2023 07:43

Well come onto telegram and show me a screen shot because I think you are talking absolute waffle

[mint1111] 21/9/2023 07:41

How do you explain all the volume over the past few days. You ain't seen anything like it....until I turned up.

[2bozmo] 21/9/2023 07:41

The 25k went through on Aquis

[badger60] 21/9/2023 07:37

For someone who doesn't even know the number of shares and market cap....and owns 400k shares.....perhaps you ought to do a bit more basic and fundamental research...;+)

[aimmafia] 21/9/2023 07:32

Of course you do

[mint1111] 21/9/2023 07:28

I've got 1.1 Mio shares and been here 3 days.....mate!

[aimmafia] 21/9/2023 07:25

I have 400k shares. Been in a lot longer than you mate :)

[mint1111] 21/9/2023 07:22

Go into Advfn stockfinder and type mcm..... you'll get 3 ....mcm, mcm.gb and mcm asx.Have you bought any yet...or do you just talk about it?

[aimmafia] 21/9/2023 07:16

I can't see it on investing.com either