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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 7.625 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 7.25 | 8.00 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Bitmns Coal Undergrnd Mining | AUD 40.42M | AUD -14.32M | AUD -0.0360 | -2.12 | 30.32M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 7.625 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/7/2024 | 10:12 | ALNC |  IN BRIEF: MC Mining beefs up board after two members leave |
| 28/6/2024 | 16:10 | ALNC | IN BRIEF: MC Mining secures ZAR20 million loan from shareholder |
| 24/6/2024 | 14:38 | ALNC | UPDATE: MC Mining picks Non-Exec Director Christine He as interim CEO |
| 24/6/2024 | 10:37 | ALNC | IN BRIEF: MC Mining says CEO Gomwe to step down this month |
| 19/6/2024 | 06:00 | UK RNS | AIM Cancellation - MC Mining Limited |
| 24/5/2024 | 09:32 | ALNC | Goldway Capital offers to buy out remaining MC Mining shares |
| 24/5/2024 | 07:00 | UK RNS | MC Mining Limited Goldway's Buy-Out Offer |
| 24/5/2024 | 06:00 | UK RNS | Goldway Capital Investment Limited Change in substantial holding |
| 22/5/2024 | 06:00 | UK RNS | Goldway Capital Investment Limited Goldway - Commencement of compulsory.. |
| 21/5/2024 | 17:00 | UK RNS | FTSE Russell MC Mining Limited |
Mc Mining (MCM) Share Charts1 Year Mc Mining Chart |
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1 Month Mc Mining Chart |
Intraday Mc Mining Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 09/4/2024 | 09:45 | Coal of Africa - MC Mining | 1,094 |
| 02/7/2014 | 08:43 | Motivcom plc - marketing services group | 157 |
| 20/10/2007 | 12:33 | MOTIVCOM-MORE TO GO!! | - |
| 07/11/2006 | 00:57 | Motivecom charts and news 2006 | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 13/12/2024 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 7.63p.Mc Mining currently has 397,681,589 shares in issue. The market capitalisation of Mc Mining is £30,303,337. Mc Mining has a price to earnings ratio (PE ratio) of -2.12. This morning MCM shares opened at - |
Posted at 09/4/2024 09:45 by purple11 im getting into minersthats where the smart moneys heading im in ATM Andrada Mining tin mining.tin price going right way so the winds behind it ATMs got a 30p Broker price target,currently 4.90p to BUY |
Posted at 08/3/2024 10:27 by 2bozmo Feels significant this additional interest. Senosi had manipulated the price lower and lower, now finds there's someone willing to pay more than Goldway. Company were disgusted at original 20-24 cents offer. |
Posted at 08/3/2024 10:13 by briggs1209 I've picked up a few more. Feels like someone is going to buy MCM and either the cheap bid or the non-bindiing bid will get me a profit. |
Posted at 18/2/2024 20:02 by gorblimey MC Mining Limited Off-Market Takeover Bid - Do NOT Accept the OfferRNS Number : 2628D MC Mining Limited 15 February 2024 ANNOUNCEMENT 15 February 2024 OFF-MARKET TAKEOVER BID - PRELIMINARY VIEW - DO NOT ACCEPT THE OFFER MC Mining Limited (MC Mining or the Company) provides the following update in relation to the off-market takeover bid by Goldway Capital Investment Limited (Goldway) for all of the fully paid ordinary shares on issue in the Company that the consortium of joint-bidders currently do not own for a cash price of A$0.16 cash per share (Takeover Offer). Executive Summary · DO NOT ACCEPT: The preliminary recommendation of MC Mining's Independent Board Committee (IBC) is that shareholders DO NOT ACCEPT the Takeover Offer from Goldway. · OPPORTUNISTIC: The IBC is of the view that the Takeover Offer is opportunistic, does not provide an appropriate premium for control and does not appear to attribute adequate value to MC Mining's assets and projects. · MINIMUM ACCEPTANCE CONDITION: The Takeover Offer is subject to a minimum acceptance condition (which cannot be waived) that Goldway receives acceptances in respect of at least 50.1% of the shares not held by Goldway and the joint bidders (Bidder Parties). In practical terms, this means that the Bidder Parties must be interested in or acquire relevant interests in at least 82.19% of the total shares on issue (not 75%) before (i) any offer consideration will be paid to any MC Mining Shareholders who have accepted the Takeover Offer and (ii) before Goldway can act upon any intention to delist MC Mining from trading on any and all of the Company's public market exchanges. Refer to the below Schedule for further details in relation to the above summary. Full details of the IBC's formal recommendation and reasons will be included in MC Mining's Target Statement, which will include the independent expert's report as to whether in the expert's opinion, the Takeover Offer is fair and reasonable and the expert's reasons for forming that opinion. The IBC look forward to your continuing support as we respond to the Takeover Offer. Khomotso Mosehla Chairman of the IBC This announcement has been approved for release by the Company's Disclosure Committee. |
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 all...it 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 do...is 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 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 21/9/2023 07:22 by mint1111 Go into Advfn stockfinder and type mcm..... you'll get 3 ....mcm, mcm.gb and mcm asx.Have you bought any yet...or do you just talk about it? |
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