Mc Mining Share Discussion Threads

[bengal1] 20/10/2023 08:09

2 buys gone through early doors.

[badger60] 19/10/2023 16:42

Not necessarily... liquidity here is virtually non existent. Also the shares are traded in 3 exchanges, and the ASX recently marked their share price up. I should imagine that whatever the outcome will be reflected primarily in the JSE. As you say ....fingers x'd.

[2bozmo] 19/10/2023 16:39

I contacted the company recently, but they couldn't speak with me before the quarterly update is released. If history is anything to go by then this should be released on 31st October. They told me to go and read the last quarterly report again and previous update on Makhado. From last Quarterly report: "The managed tender processes to select the outsourced mining, plant and laboratory operators also commenced during the quarter. We are excited to have strong contenders to be our partners and these processes are expected to be completed during Q3 CY2023." This led onto "Commencement of construction in H2 CY2023" with the first coal expected 18 months from commencement of construction. I also note that this quarter Vele should be up to full capacity, producing 60,000/t per month. Hopefully now we begin to see some significant news flow and action. I have a call with the company after they publish the quarterly results, then we have the AGM. Coal prices are higher with the market still short. The Israel-Hamas situation as well as cold weather should keep energy prices firm in Europe. I still believe we are a behemoth, ready to explode.

[bengal1] 19/10/2023 16:27

If the former you could buy galore!

[badger60] 19/10/2023 16:22

Imo, it could go either way. Recent trades, have been at lower prices...which is not so good. However, the recent RNS highlighted some significant improvements, albeit they reiterated that the company could face being a non going concern, but management opinion said that this would not happen as it had enough liquidity to cover overheads etc...

[bengal1] 19/10/2023 15:58

Yes, saw that. Looks positive to me. Thanks for posting. Fingers crossed eh!

[badger60] 19/10/2023 15:57

This post was from bozmo on LSE yesterday.....he sounds hopeful.

Thoughts18 Oct 2023 13:49

I contacted the company recently, but they couldn’t speak with me before the quarterly update is released. If history is anything to go by then this should be released on 31st October. They told me to go and read the last quarterly report again and previous update on Makhado.

From last Quarterly report:

“The managed tender processes to select the outsourced mining, plant and

laboratory operators also commenced during the quarter. We are excited to have strong contenders

to be our partners and these processes are expected to be completed during Q3 CY2023.”

This led onto “Commencement of construction in H2 CY2023” with the first coal expected 18 months from commencement of construction.

I also note that this quarter Vele should be up to full capacity, producing 60,000/t per month.

Hopefully now we begin to see some significant news flow and action. I have a call with the company after they publish the quarterly results, then we have the AGM. Coal prices are higher with the market still short. The Israel-Hamas situation as well as cold weather should keep energy prices firm in Europe. I still believe we are a behemoth, ready to explode.

[jailbird] 19/10/2023 15:51

So what's your point Who are trying to educate here

[bengal1] 19/10/2023 15:50

Means they are not sells!

[jailbird] 19/10/2023 15:49

So what's your point ?

[bengal1] 19/10/2023 15:48

Buys at 7.5p

[jailbird] 19/10/2023 15:46

L2 weak 1v1Reason I was asking you because it had not jumped up ( stronger) but had become weaker I think you do not seem to understand this , maybe a penny trader ?

[badger60] 19/10/2023 15:45

Two scenarios to consider....1 good and 1 bad.Either they have obtained financing......or they haven't and are now in possible financial difficulty.The trades today have been marked as sales. However, the value is only circa 7k GBP.

[badger60] 19/10/2023 15:35

Can't sell any either.....

[bengal1] 19/10/2023 15:26

Can't buy any!

[jailbird] 18/10/2023 09:06

NO idea B60

on AUD v GBP, the share prices are now the same

[badger60] 18/10/2023 03:44

There are roughly 400 Mio MCM shares in total which are issued between 3 exchanges, AIM, JSE and ASX. These shares presumably are not fungible, being denominated in different currencies etc. My question is what %age out of the 400 Mio does each exchange have listed....? I should imagine that JSE has the most being as how 61%+ is owned by SA iis. Also a disproportionate amount on any exchange can create substantial price relative share price differentials.
I'm very happy to be corrected if someone knows better.

[badger60] 18/10/2023 03:07

A bit of activity on ASX...157,000 traded at .14.....which is up 33% on the day, having closed before at .10.

[purple11] 15/10/2023 09:36

xXTiPSXHEETSXx

[purple11] 15/10/2023 09:36

it moved swiftly about a month ago so we know she moves fast on ANY buying.

news will be soon gl

[aimmafia] 15/10/2023 07:43

Thermal coal price is motoring north. This could really fly here soon at this rate.

[jailbird] 15/10/2023 00:03

Bengal1L2 - What did it jump from and what is it now ?

[aimmafia] 14/10/2023 10:22

Ive been Expecting this to move north all month. It still hasnt yet but it can't be long

[bengal1] 13/10/2023 16:34

Jumped same time as JSE purchase, presumably algorithm linked, clever stuff. Anyways..

On 10 October, the peak power demand reached 221.62 GW, with the peak shortage at 5.36 GW.
NEW DELHI :Coal stocks continued to shrink with power demand across the country hitting a peak of well above the 200 GW mark this week. Thermal power plants across the country have coal stocks to last just 7.5 days, showed data from the Central Electricity Authority (CEA).