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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 |
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
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(END) Dow Jones Newswires
January 25, 2019 02:01 ET (07:01 GMT)
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