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MCM Mc Mining Limited

7.60
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mc Mining Limited LSE:MCM London Ordinary Share AU000000MCM9 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.60 7.20 8.00 7.60 7.60 7.60 0.00 07:36:30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bitmns Coal Undergrnd Mining 46.06M -4.32M -0.0106 -7.17 31M

MC Mining Limited Appendix 5B (0511O)

25/01/2019 7:01am

UK Regulatory


Mc Mining (LSE:MCM)
Historical Stock Chart


From Mar 2019 to Mar 2024

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TIDMMCM

RNS Number : 0511O

MC Mining Limited

25 January 2019

+Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/13, 01/09/16

 
 Name of entity 
----------------------------------------------------- 
 MC Mining Limited 
 ABN                Quarter ended ("current quarter") 
---------------    ---------------------------------- 
 98 008 905 388     31 December 2018 
                   ---------------------------------- 
 
 
 Consolidated statement of cash            Current quarter    Year to date 
  flows                                        $USD'000         6 months) 
                                                                 $USD'000 
 1.     Cash flows from operating 
         activities 
 1.1    Receipts from customers                      7,368            16,185 
 1.2    Payments for 
        (a) exploration & evaluation 
        (b) development                                  -                 - 
        (c) production                             (6,368)          (11,845) 
        (d) staff costs                            (1,131)           (3,331) 
        (e) administration and corporate 
         costs                                     (2,156)           (3,502) 
 1.3    Dividends received (see note                     -                 - 
         3) 
 1.4    Interest received                              119               236 
 1.5    Interest and other costs of                      -                 - 
         finance paid 
 1.6    Income taxes paid                            (324)             (324) 
 1.7    Research and development refunds                 -                 - 
 1.8    Other (provide details if                        -                 - 
         material) 
                                          ----------------  ---------------- 
        Net cash from / (used in) 
 1.9     operating activities                      (2,492)           (2,581) 
-----  ---------------------------------  ----------------  ---------------- 
 
 2.       Cash flows from investing 
           activities 
 2.1      Payments to acquire:                           -                 - 
          (a) property, plant and 
          equipment                                  (417)           (5,956) 
          (b) tenements (see item 10)                    -                 - 
          (c) investments                            (184)             (250) 
          (d) other non-current assets             (2,474)           (2,474) 
 2.2      Proceeds from the disposal 
           of: 
          (a) property, plant and 
          equipment                                      -                 - 
          (b) tenements (see item 10)                    -                 - 
          (c) investments                              784             1,582 
          (d) other non-current assets                   -                 - 
          Cash flows from loans to 
 2.3       other entities                              178             1,173 
 2.4      Dividends received (see note                   -                 - 
           3) 
 2.5      Other (provide details if 
           material) 
                                          ----------------  ---------------- 
          Net cash from / (used in) 
 2.6       investing activities                    (2,113)           (5,925) 
-------  -------------------------------  ----------------  ---------------- 
 
 3.       Cash flows from financing 
           activities 
 3.1      Proceeds from issues of shares                 -                 - 
 3.2      Proceeds from issue of                         -                 - 
          convertible 
          notes 
 3.3      Proceeds from exercise of                      -                 - 
           share options 
 3.4      Transaction costs related                      -                 - 
          to issues of shares, 
          convertible 
          notes or options 
 3.5      Proceeds from borrowings                       -             2,751 
 3.6      Repayment of borrowings                    (104)             (104) 
 3.7      Transaction costs related                      -                 - 
           to loans and borrowings 
 3.8      Dividends paid                                 -                 - 
          Other (provide details if 
 3.9       material)                                  (42)               800 
                                          ----------------  ---------------- 
          Net cash from / (used in) 
 3.10      financing activities                      (146)             3,447 
-------  -------------------------------  ----------------  ---------------- 
 
 4.       Net increase / (decrease) 
           in cash and cash equivalents 
           for the period 
          Cash and cash equivalents 
 4.1       at beginning of period                   10,427            10,912 
          Net cash from / (used in) 
           operating activities (item 
 4.2       1.9 above)                              (2,492)           (2,581) 
          Net cash from / (used in) 
           investing activities (item 
 4.3       2.6 above)                              (2,113)           (5,925) 
          Net cash from / (used in) 
           financing activities (item 
 4.4       3.10 above)                               (146)             3,447 
          Effect of movement in exchange 
 4.5       rates on cash held                        (236)             (413) 
                                          ----------------  ---------------- 
          Cash and cash equivalents 
 4.6       at end of period                          5,440             5,440 
-------  -------------------------------  ----------------  ---------------- 
 
 
 
 5.    Reconciliation of cash and           Current quarter   Previous quarter 
        cash equivalents                        $USD'000          $USD'000 
        at the end of the quarter 
        (as shown in the consolidated 
        statement of cash flows) to 
        the related items in the accounts 
 5.1   Bank balances                                  5,408             10,394 
 5.2   Call deposits                                     32                 33 
 5.3   Bank overdrafts 
 5.4   Other (provide details) 
                                           ----------------  ----------------- 
       Cash and cash equivalents 
        at end of quarter (should 
 5.5    equal item 4.6 above)                         5,440             10,427 
----  -----------------------------------  ----------------  ----------------- 
 
 
 6.      Payments to directors of the entity and           Current quarter 
          their associates                                     $USD'000 
         Aggregate amount of payments to these parties 
 6.1      included in item 1.2                                         265 
                                                          ---------------- 
 6.2     Aggregate amount of cash flow from loans 
          to these parties included in item 2.3 
                                                          ---------------- 
 6.3     Include below any explanation necessary to understand 
          the transactions included in items 6.1 and 6.2 
------  ------------------------------------------------------------------ 
 Salary payments for the quarter made to Non-Executive and Executive 
  directors. 
 
 
 7.    Payments to related entities of the entity      Current quarter 
        and their associates                               $USD'000 
 7.1   Aggregate amount of payments to these parties 
        included in item 1.2 
                                                      ---------------- 
 7.2   Aggregate amount of cash flow from loans 
        to these parties included in item 2.3 
                                                      ---------------- 
 7.3   Include below any explanation necessary to understand 
        the transactions included in items 7.1 and 7.2 
----  ---------------------------------------------------------------- 
 
 
 
 8.    Financing facilities available        Total facility      Amount drawn 
        Add notes as necessary for          amount at quarter    at quarter end 
        an understanding of the position           end              $USD'000 
                                                $USD'000 
 8.1   Loan facilities                                  8,336             8,336 
                                          -------------------  ---------------- 
 8.2   Credit standby arrangements 
                                          -------------------  ---------------- 
 8.3   Other (please specify)                           1,389                 - 
                                          -------------------  ---------------- 
 8.4   Include below a description of each facility above, including 
        the lender, interest rate and whether it is secured or 
        unsecured. If any additional facilities have been entered 
        into or are proposed to be entered into after quarter 
        end, include details of those facilities as well. 
----  ------------------------------------------------------------------------- 
 $USD8.3 million facility of the $USD 16.7 million provided 
  by the Industrial Development Corporation of South Africa to 
  the company's subsidiary is still available for drawdown. The 
  loan is payable on the third anniversary of each advance plus 
  a real after tax rate of return of 16% on the advanced amount 
  . 
  The $1.4 million facility was secured during the quarter from 
  ABSA Bank Limited. The facility is for short-term working capital 
  requirements and potential expansion opportunities, has a floating 
  coupon at the South African Prime rate (currently 10.25% per 
  annum) plus 1.0%, with the operating mine Uitkomst Colliery 
  debtors ceded as security and is subject to annual review. 
 
 
 9.    Estimated cash outflows for next     $USD'000 
        quarter 
 9.1   Exploration and evaluation 
 9.2   Development                           (2,467) 
 9.3   Production                            (5,128) 
 9.4   Staff costs                             (876) 
 9.5   Administration and corporate costs    (1,479) 
 9.6   Other                                 (1,029) 
                                           --------- 
 9.7   Total estimated cash outflows        (10,979) 
----  -----------------------------------  --------- 
 
 
 10.    Changes in tenements   Tenement        Nature of interest   Interest        Interest 
         (items 2.1(b)          reference                            at beginning    at end 
         and 2.2(b) above)      and location                         of quarter      of quarter 
 10.1   Interests in 
         mining tenements 
         and petroleum 
         tenements lapsed, 
         relinquished 
         or reduced 
-----  ---------------------  --------------  -------------------  --------------  ------------ 
 10.2   Interests in 
         mining tenements 
         and petroleum 
         tenements acquired 
         or increased 
-----  ---------------------  --------------  -------------------  --------------  ------------ 
 

Compliance statement

1 This statement has been prepared in accordance with accounting standards and policies which comply with Listing Rule 19.11A.

   2        This statement gives a true and fair view of the matters disclosed. 

Sign here: ............................................................ Date: .............................................

(Director/Company secretary)

   Print name:       ......................................................... 

Notes

1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity that wishes to disclose additional information is encouraged to do so, in a note or notes included in or attached to this report.

2. If this quarterly report has been prepared in accordance with Australian Accounting Standards, the definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report. If this quarterly report has been prepared in accordance with other accounting standards agreed by ASX pursuant to Listing Rule 19.11A, the corresponding equivalent standards apply to this report.

3. Dividends received may be classified either as cash flows from operating activities or cash flows from investing activities, depending on the accounting policy of the entity.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCPGUPPGUPBGAC

(END) Dow Jones Newswires

January 25, 2019 02:01 ET (07:01 GMT)

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