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MCM Mc Mining Limited

0.00 (0.0%)
05 Dec 2023 - 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 Shares Traded Last Trade
  0.00 0.0% 7.25 18,000 07:31:33
Bid Price Offer Price High Price Low Price Open Price
7.00 7.50 7.25 7.25 7.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Bitmns Coal Undergrnd Mining AUD 46.06M AUD -4.32M AUD -0.0106 -6.84 29.57M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:06:19 O 18,000 7.00 GBX

Mc Mining (MCM) Latest News

Mc Mining (MCM) Discussions and Chat

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Date Time Title Posts
30/11/202315:37Coal of Africa - MC Mining1,058
02/7/201408:43Motivcom plc - marketing services group157
20/10/200712:33MOTIVCOM-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
2023-12-05 09:06:207.0018,0001,260.00O

Mc Mining (MCM) Top Chat Posts

Top Posts
Posted at 05/12/2023 08:20 by Mc Mining Daily Update
Mc Mining Limited is listed in the Bitmns Coal Undergrnd Mining sector of the London Stock Exchange with ticker MCM. The last closing price for Mc Mining was 7.25p.
Mc Mining currently has 407,890,744 shares in issue. The market capitalisation of Mc Mining is £29,572,079.
Mc Mining has a price to earnings ratio (PE ratio) of -6.84.
This morning MCM shares opened at 7.25p
Posted at 05/11/2023 14:10 by aimmafia
I think over the next 4 weeks we will really see where the share price is going. Mid teens will nice.
Posted at 05/11/2023 13:01 by badger60
In the meantime the share prices on all 3 exchanges have risen sharply since the Senosi letter......on AIM 50%....likewise on ASX, which is now virtually at the Senosi low ball offer.....and with volumes picking up very well. In many respects MCM is/ has turned the corner, in production efficiency, a huge increase in resources and the ongoing wip gearing up the flagship Makhado mine.I'm not so sure that the consortium, in a takeover situation like this, and writing their intentions in a formal letter to the company itself, could get MCM to issue additional shares to them in order to qualify to delist the company. I should imagine that would be considered somewhat fraudulent.Given the propensity of Australia , China, India etc. to produce and especially consume coal, MCM at such a low valuation and with huge resources could well become a target.
Posted at 05/11/2023 09:50 by docc796794
I am not in favour of the takeover at rules out a significant amount of publicly relevant opportunity for the long term. Delisting is just a natural result of an institutionaled cash cow.

Secondly, the off-market nature of the proposal is just a ploy to prevent an open bid process from a competitive set/agent. The price of the offer is fixed to provide a last ditch result at a centralized undiluted partnership base with a take it or leave it message at a so-called nonsense "premium (i.e. 0.2p)"...and if it were open, a competitor would come in and low ball at a 0.13p takeover offer at a later date when the share price drops lower.

The right thing to leave it be, build capacity and throughput and run the mine to its true potential taking into account all the new revelations of an extended life of mine. The real benefit to the company is to run it naturally with all touchpoints activated to reap the rewards of a fully-birthed venture and a network that can build upon itself.

It is a real cheapshot if you ask me. The JSE is fully culpable of "flowery worded" overstated mismanagement (>2 decades)...and this company is a GEM that could reverse that trend...but they are falling into the same trap.
Posted at 05/11/2023 08:16 by badger60
Well, let's just hope that the IDC and government also have the minority shareholders interest in mind when considering the terms of a take over/or a possible delisting.....which imo is not preferable. I'm sure that a reasonable share price valuation can be arrived at, without screwing the minority shareholder yet appeasing the consortium. Rules like these were created to protect the pi from being savaged by consortium greed.
I notice that you have only just started posting, and seemingly in favour of the takeover route thus hoping that you are in favour of seeing all minority shareholders getting a fair deal based on reliable 3rd party MCM valuation. As you say a Delisting would be "a bummer".
Time to wait and do nothing (as advised) until things unfold.

I refer you to 2bozmo#1020 bullet point post which contains some useful info.
Posted at 27/10/2023 17:17 by bengal1
I missed the 256p per share (wow) ....

Extracts from the report:

'We initiate coverage with a BUY, backed by a risk-weighted, DCF-based Target Price of 21p/shr – offering 2.8x upside to the current price. This TP uses our base-case long-term coal-price assumptions: at current spot coal prices and FX, our equivalent risk-weighted valuation would rise to 112p/shr.

COMPANY VALUATION Our 12-month Target Price (TP) for MCM of 21p/shr is based on a sum-of-parts valuation, including discounted cash flow valuations of its three principal assets (risk-weighted where appropriate). Corporate overheads are included as a negative, on a discounted cash flow basis, and we also allow for net cash/debt at 30 June 2023 (adjusted for the existing IDC loan – see table footnotes below), in line with the start of the discounted cash flow analyses. Our 12-month TP includes a risk-weighting that limits the Makhado project to 70% of its full value, to take into account its undeveloped status (both in terms of execution risk and the potential dilutive effects of its remaining funding requirements (details p7). We expect to reduce this risk weighting as the project advances, and as additional funding is secured. Our valuation is strongly related to prices: at prices prevailing for large parts of CY2022 (US$400/t for premium HCC and US$300/t for API4), our TP on the same risk-weighted basis would rise to 256p/shr. These were abnormal prices, but significantly elevated prices in the structurally volatile coal market are always possible when events dictate (sensitivity analyses on following page). '
Posted at 18/10/2023 08:06 by jailbird
NO idea B60

on AUD v GBP, the share prices are now the same
Posted at 18/10/2023 02:44 by badger60
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.
Posted at 26/9/2023 12:28 by bengal1
The same happened to Ridge Mining a few years ago... the company here is now ready to go with long lead items fully underway.. The SA economy needs this and will move ahead one way or the other to mutual benefit of shareholders. When it happens it will be instantaneous to the share price.
Posted at 21/9/2023 07:22 by mint1111
Go into Advfn stockfinder and type mcm..... you'll get 3 ....mcm, and mcm asx.Have you bought any yet...or do you just talk about it?
Posted at 09/6/2023 07:29 by aimmafia
It won't take much to go above 10p but the LSE share price is heavily driven by JSE Share price
Mc Mining share price data is direct from the London Stock Exchange

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