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  6. Mc Mining Limited (MCM)

  7. Mc Mining Limited (MCM) Share Price

MCM

Mc Mining Limited

8.75
-0.50 (-5.41%)
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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 Shares Traded Last Trade
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  -0.50 -5.41% 8.75 20,000 13:35:26
Bid Price Offer Price High Price Low Price Open Price
8.50 9.00 9.25 8.75 9.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Bitmns Coal Undergrnd Mining 24.00 -20.73 -10.50 - 34.97
Last Trade Time Trade Type Trade Size Trade Price Currency
13:35:34 O 10,000 9.00 GBX
Related Shares
Bhp (BHP), Rio Tinto (RIO), Shefa Gems (SEFA), Pembridge Resources (PERE)

Mc Mining (MCM) Latest News

Mc Mining News

Date Time Source Headline
28/4/202321:49ALNCNewsIN BRIEF: MC Mining coal production down at Uitkomst mine
28/4/202309:35UKREGMC Mining Limited Appendix 5B
28/4/202309:30UKREGMC Mining Limited Activities Report for the Quarter Ended 31 Mar 23
27/4/202309:00UKREGMC Mining Limited Holding(s) in Company
26/4/202311:57ALNCNewsMC Mining shares rally amid plans to start construction of new plant
26/4/202311:20UKREGMC Mining Limited Makhado Project Update
31/3/202308:02UKREGMC Mining Limited Issue of Shares Under the Performance Rights Plan
16/3/202307:00UKREGMC Mining Limited Change of JSE Sponsor
15/3/202311:08ALNCNewsMC Mining explores funding options for Makhado as interim loss shrinks
15/3/202307:40UKREGMC Mining Limited Interim Financial Report

Mc Mining (MCM) Discussions and Chat

Mc Mining Forums and Chat

Date Time Title Posts
26/4/202312:19Coal of Africa - MC Mining694
02/7/201409:43Motivcom plc - marketing services group157
20/10/200713:33MOTIVCOM-MORE TO GO!!-
07/11/200600:57Motivecom charts and news 2006-

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Mc Mining (MCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 12:35:359.0010,000900.00O
2023-05-31 12:35:269.0010,000900.00O

Mc Mining (MCM) Top Chat Posts

Top Posts
Posted at 22/10/2022 13:20 by 2bozmo
Agree. These things always head back to rights issue price. 50% nailed on at this was discount
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Posted at 27/9/2022 08:47 by bad gateway
I'm showing the ZAR 2.36 price as being just over 12p but agree WOW.
Can't believe the strength in S.A though. Thought I'd be loading up at 13p and waiting out the flippers to finish before making a turn on them.
Too used to London rules I guess.
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Posted at 27/9/2022 07:18 by jailbird
I make it between 15-20p approx Might be wrong Approx 50% of whatever the price was on 16th SepAll rights traceable on ASC and JSE exchanges Anyone figured all out ?Glad I sold out other day too
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Posted at 15/9/2022 06:44 by gersemi
The current Richards Bay export prices are below.

API-4 is the 6,000kcal index, so current export price out of SA is US$324/t. I had a quick look, but could not find their exact product specification to confirm pricing.

The export agreement is for a minimum of 20kT per month, so 60kt per quarter. Costs to produce last quarter were US$9M (US$74/ROM t, from memory better than previous quarters).

Assuming MCM get 85% of API-4 price, the below is some quick workings.
Export API-4 Sales - 60kT @ US$270/t
Domestic API-4 Sales - 20kT @ US$90/t
Middlings - 6kT @ US$40/t
Total revenue - US$18.2M
Total costs - US$9M
Potential Profit - US$9.2M (per quarter)

They have US$16M of debt and some convertible notes I think. But could deleverage quickly.

The Makhado BFS has NPV of A$215M (base case), I would expect MCM to be valued at 50% of NPV once funding in place, 15-30% for no funding - so I value this part of the business at A$60M.

The existing thermal operating that could potentially produce US$36M profits per annum, A$53M - surely should be valued around A$100M in the current environment.

So I’m thinking a share price target of 80c to get to the A$160M market cap… be interesting to see what family funding gets announced for Makhado, I was hoping a JV or an earn in to ensure capital light and quick movement into production.

time will tell.

hxxps://hotcopper.com.au/threads/ann-mcm-uitkomst-coal-sales-marketing-agreement.6867232/page-17?get_post=true&direction=previous
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Posted at 08/9/2022 11:51 by dillydally2
Lower placing price then
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Posted at 25/8/2022 11:18 by 2bozmo
Yes, blue sky until 30-32p. Remember sell off was always M&G forced liquidation as getting out of coal regardless of price. Fools.
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Posted at 29/7/2022 14:57 by bad gateway
Wasn't the only offer they had for access to the export market either so would expect this to become longer term.



"Overlooked charges a competitive marketing fee of 5% of the sales price which is reasonable considering competing proposals received by Uitkomst, for providing access to the international market."
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Posted at 06/6/2022 13:18 by ianio5691
RNS.
More questionable emergency funding.


Brace for another massive conversion when they cannot find the cash to repay this one!

" The outstanding balance on the Final Maturity Date is payable in cash or convertible to MC Mining equity at a price per share calculated as the prevailing 30-day Volume Weighted Average Price minus 15% on the date of conversion . Payment in MC Mining equity is at the sole discretion of GVM Admin and the Company and is subject to all required shareholder and regulatory approvals, including South African exchange control approval."
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Posted at 20/4/2022 21:08 by bad gateway
Surprised you're trying to use Senosi Group buying in as a tool to knock the co?
Take it you're unaware that this was a mining co. buying 30% of the co. at a large premium?

They were issued at A$0.11 or 6.25p whilst the share price was sitting at 4.75p here in the UK the day before.
Even managed to spike the price for a day or two..


free stock charts from uk.advfn.com
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Posted at 19/4/2022 18:04 by chief vigilante
This scumbag been spamming and promoting MCM on dozen of threads



AimMafia - 18 Apr 2022 - 13:20:10 - 11746 of 11751 Anglo Pacific - Coal and a lot more besides. - APF
#MCM - MC MINING - You should almost certainly be taking a look at this with sales at 142k tonnes per year at $65 profit a tonne gives $9.3 million Profit Per Year with such a small mcap of just 19 million!


https://docs.google.com/document/d/1Ms6Szh1QV3ywrZ96dUg78R1cDjvytd0a27rITVdeQVQ/edit


Telegram Group
hxxps://t.me/+q3g5WKG6H-MyMjBk


Mc Mining. Massively under the radar. Met Coal Producer. Should at least be on peoples watch list.!
AimMafia - 18 Apr 2022 - 13:20:02 - 8866 of 8870 CENTRICA - CNA
#MCM - MC MINING - You should almost certainly be taking a look at this with sales at 142k tonnes per year at $65 profit a tonne gives $9.3 million Profit Per Year with such a small mcap of just 19 million!


https://docs.google.com/document/d/1Ms6Szh1QV3ywrZ96dUg78R1cDjvytd0a27rITVdeQVQ/edit


Telegram Group
hxxps://t.me/+q3g5WKG6H-MyMjBk


Mc Mining. Massively under the radar. Met Coal Producer. Should at least be on peoples watch list.!
AimMafia - 18 Apr 2022 - 13:19:37 - 14819 of 14821 PETREL resources - PET
#MCM - MC MINING - You should almost certainly be taking a look at this with sales at 142k tonnes per year at $65 profit a tonne gives $9.3 million Profit Per Year with such a small mcap of just 19 million!


https://docs.google.com/document/d/1Ms6Szh1QV3ywrZ96dUg78R1cDjvytd0a27rITVdeQVQ/edit


Telegram Group
hxxps://t.me/+q3g5WKG6H-MyMjBk


Mc Mining. Massively under the radar. Met Coal Producer. Should at least be on peoples watch list.!
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Mc Mining share price data is direct from the London Stock Exchange
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