Mc Mining Share Discussion Threads

[aimmafia] 15/1/2024 15:46

It's not particularly pretty anywhere I look to be honest. 2024 is going to get tougher as well.

[aimmafia] 15/1/2024 15:45

I am so busy with work I only have shares in this. Hoping for it to come back somewhat. Time will tell.

[purple11] 15/1/2024 15:43

i just dont think this ones gonna make it dude.......
the amount of funding required is to large to achieve

[purple11] 15/1/2024 15:41

is this the only play youve got on at the moment?

any more ideas for a good stock?

[aimmafia] 09/1/2024 01:08

It always turns. When is the question

[purple11] 05/1/2024 12:32

virtually impossible to make money in the market these days.

the good days are long gone

[purple11] 05/1/2024 12:09

o dear this all looks v dire

[aimmafia] 18/12/2023 15:41

This is rediculous but again it is only an offer. Senosi definitely trying his luck.

[bengal1] 18/12/2023 15:36

Lower offer than indicated before...really!

[aimmafia] 18/12/2023 15:29

No way will it be sold below 0.20 - 0.16 is just daylight robbery

[bengal1] 30/11/2023 15:37

A volume sell would probably be 6.5 p ish.

[aimmafia] 30/11/2023 15:05

7.48 and 7.26 trades are buys

[bengal1] 30/11/2023 14:31

Are they really sells. At volume I would be surprised.

[purple11] 30/11/2023 12:49

alot of heavy selling and price at lows,something bad in the pipe?

[badger60] 30/11/2023 03:19

Posted on LSE........and it's hard to disagree.Another shocking day29 Nov 2023 17:10Senosi going to get this real cheap. Real cheap.

[aimmafia] 29/11/2023 15:24

Will know more after Agm hopefully

[aimmafia] 29/11/2023 15:24

I'm happy to wait for funding.

[purple11] 29/11/2023 14:35

i very much doubt theyll get an offer.virtually all the time this talk comes to nothing.

[badger60] 24/11/2023 06:08

There's too many ifs, buts, currency, delisting questions liquidity uncertainties etc..here. I sold MCM and bought JSE.I feel more comfortable having just one listing a visible liquid market, good information flow and chat board. The company is very undervalued and has much to offer going forward. Dyor.

[bengal1] 06/11/2023 13:41

What worries me most is the "off market" nature (albeit subject to regulatory approval). The consortium say they already have 64%, and this is excess of the 50.1% required for that. Off market is simply that, everything is settled off market and if they want your shares you (as an individual) become a target security. What also worries me is what happened during the Rights issue whereby the UK common investor seemingly had no Rights to participate. So I wonder, as a minority investor, in the UK, whether the consortium will bother reaching out to me and whether my rather insignificant holding perishes under this type of takeover. If you hold shares on the ASX you are presumably protected. If they reach 90% they can request a compulsory purchase through the Court, but again, might not bother with my shares. If they do want my shares (from the UK), and if off-market, I would presumably need to convert to certificate form (CREST), so delisting becomes a moot point. If they then offer me (the offer price), I can take it or leave it (unless they have a Compulsory Court order at the 90% level - if jurisdiction applies). If they decided to purchase my shares they could do so in cash (or scrip?) and then have 21 days to pay me (what if they didn't?). The "off market" method is quite common, but in my opinion this falls into the hostile category, and they already have 64% (oh dear). This should never have been allowed to happen (what did our Board do to protect against this during the Rights issue?) and I sincerely hope the ASX Regulators refuse the request of the Consortium. As a UK holder I personally do not understand what Rights I actually have, and my risk perception has gone up. Hopefully the Committee will provide the answers in due course, but very unhappy.

[aimmafia] 06/11/2023 08:04

Would take that every day

[bengal1] 06/11/2023 07:35

Little volume.