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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 0.0% 6.75 1 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.50 7.00 6.75 6.75 6.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 20.80 -26.41 -18.69 10
Last Trade Time Trade Type Trade Size Trade Price Currency
12:13:25 O 1 6.75 GBX

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Mc Mining (MCM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:13:266.7510.07O
2020-09-24 13:43:226.5011,576752.44O
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Mc Mining (MCM) Top Chat Posts

DateSubject
25/9/2020
09:20
Mc Mining Daily Update: Mc Mining Limited is listed in the Mining sector of the London Stock Exchange with ticker MCM. The last closing price for Mc Mining was 6.75p.
Mc Mining Limited has a 4 week average price of 5.75p and a 12 week average price of 5.75p.
The 1 year high share price is 34p while the 1 year low share price is currently 5.75p.
There are currently 154,419,555 shares in issue and the average daily traded volume is 28,610 shares. The market capitalisation of Mc Mining Limited is £10,423,319.96.
21/7/2020
16:49
channel pirate: Well encarter, the following might answer your question, plus of course we should get a QUARTERLY update next week !! 21/07/2020 9:00am UK Regulatory (RNS & others) TIDMMCM RNS Number : 5402T MC Mining Limited 21 July 2020 ANNOUNCEMENT 21 July 2020 CONDITION SATISFIED FOR THE DRAW DOWN OF THE IDC LOAN Further to the announcement published on 6 July 2020, MC Mining Limited ("MC Mining" or the "Company") is pleased to confirm the satisfaction of the condition in the restructured loan agreement (the "Agreement") with the Industrial Development Corporation of South Africa Limited ("IDC"). This condition required the Company to secure commitments for the issue of new equity ("New Equity"), for a collective R15.0 million ($0.9 million*). In terms of the Agreement, the Company will now draw down R40 million ($2.4 million). These funds will be used to advance the Makhado hard coking coal project ("Makhado Project" or "Makhado") and for general working capital. The New Equity will be issued at an agreed price of 105.56 SA cents/ 6.27 pence (United Kingdom), a 9% discount to MC Mining's closing share price on Friday 17 July 2020. This will result in the issue of approximately 14.2 million new ordinary shares in the Company. The IDC will receive an estimated 1.1 million warrants, equating to 0.8% of MC Mining's issued shares, and its direct participation in the Makhado Project will increase from 5% to 6.7%. The New Equity will be issued following South African Reserve Bank approval, necessary for certain tranches of the new MC Mining shares. Reserve Bank approval is an administrative step and the approval is anticipated in early August 2020 and a further announcement confirming the exact number of shares and warrants and date of admission to trading on the ASX, AIM and the JSE will be made at that point. The Company previously secured a R245 million ($14.4 million) loan facility from the IDC. This is the initial step in the R535 million ($31.5 million) composite debt/equity funding package to develop Phase 1 of Makhado. MC Mining is in advanced discussions for the balance of the funding required and construction is anticipated to commence in Q4 CY2020/Q1 CY2021. Phase 1 has a nine-year life-of-mine and is forecast to produce 540,000 tonnes ("t") of hard coking coal annually as well as 570,000t of an export quality thermal coal by-product. Br enda Berlin, MC Mining's Acting CEO, commented: "The issue of the New Equity to existing and new shareholders underlines the robust fundamentals and compelling returns of the Makhado Project. This is a further significant step for MC Mining and we will now focus on securing the balance of the Phase 1 funding, delayed by the COVID-19 lockdown. The Company will also continue negotiations to defer the November 2020 repayment of existing debt owing to the IDC until the Makhado Project is generating positive cash flows. " Brenda Berlin Acting Chief Executive Officer
13/3/2019
15:41
channel pirate: Share price drops to 45p/48p the day before the Results, so wonder what we have in store tomorrow morning !! Just 13 days ago we were 52p/57p, and January 17th this year we had a share price of 67.5p, so a drop of just over 31% in less than 2 months !!
15/1/2019
20:36
2bozmo: Thanks for that bengal. Is that not positive news? Supply overhang removed - should re-align itself with JSE tomorrow. Hence the late move in the share price this afternoon. Maybe being overly optimistic but looking fwd to tomorrow. JSE trading well, think algo executed order today which suggests institution or fund buying.
27/11/2018
12:38
channel pirate: Normal Service being resumed ? - let's hope it's only temporary and we can enjoy further increases in the share price soon.
24/11/2018
07:31
bengal1: I also believe our share price will correct itself earlier than next year!! Currently the same as it was before all these achievements!! So my prediction, at least £1 EOY, and £2 by March 19.... Lets see what Santa brings!!
23/11/2018
21:49
2bozmo: AGM notes.Present:MC Mining: David Brown (DB) and Bernard Pryor (BP)Investors: MeOthers: Tavistock, Computerserve and Nomad (Peel Hunt)I've been last few years to AGM plus EGM so they know me reasonably well. They definitely had a spring in their step and before meeting started BP had a glint in his eye as stated 'more good news to follow'. They were both bulled up by surface rights acquisition.Main business of passing resolutions lasted 15 mins.David Brown then gave a summary, I asked a few questions and then we continued for after 30 mins after meeting finished. He highlighted during main speech:Incredible progress been made over last 18 months against strategy:1) Uitkomst:ROM going up y/y. Dealt with equipment issues by purchasing mining company, expanding additional funding, seeing benefits from increasing maintenance plan and new roster system. Favourable pricing improving quarterly results. 2 initiatives:a) plant modification leading to 3rd production stream, increase ROM volumes by 10-15%. Expected January 2019; andb) development of N Adit, testing q1 2019 and get IWUL granted q1 leading to increase in ROM by 20%. Expected 2020;Uitkomst has been incredibly profitable, in 24 months time these developments would see Uitkomst cover all company's overheads by itself;2) Mooiplaats:Sale made and all agreements in place so will receive balance of sale proceeds;Putting 1) and 2) together, i.e being in production, reduced liabilities and revenue coming in means they are very credible, viable business and banks giving the various loans financing. Definitely a sea change on that front, which leads onto:3) Makhado:Super-excited about this. Acquisition of 2 farms has led to this move sharp higher in share price and more to follow. Debt financing framework to be agreed by February . They then plan to present plan for execution to the board in March. He expects a significant increase in share price when plans are released.Before then, they anticipate they will have another off-take agreement signed for hard coking coal before end of year, hopefully in next two weeks with ArcelorMittal. He said Arcelor in main AGM presentation so that's public information plus they're a share holder so expected they would have off-take agreement;Very confident the last remaining regulatory piece, the Environmental Authorisation appeal will be overturned by February;Funding has been underpinned by marketing of hard coking coal. Cash generative very quickly, will be predominantly debt financed.New CFO (Brenda Berlin) has provided fresh impetus in terms of debt funding;They've got on the Lukin and Salaita farms and checked everything secure etc in terms of fencing and security. They can get on with geological testing etc in February;4) CGA acquisition:Still doing due diligence on couple of potential targets. Nothing new but it's now a 3rd not 2nd CGA.5) they believe the future's really bright. Just had the most positive cycle of board meetings since DB and BP joined.I asked a few questions then we continued speak afterwards:He expects Vele to come back into play at some point, especially with SEZ;GSP, of the 3 coal fields, expects mining rights to be granted this year for 2 of them this year, other one in 2019. Local community there have investment with Makhado so supportive but 5-10 year plan;I asked about institutional investors buying in, as that was part of point of the share consolidation. They're starting to see some interest, they were speaking with groups in March before government land expropriation failed. Obviously no interest after that. DB is very personable and had a good relationship with land owners, and probably down to him we acquired farms. He's presenting at a mining Indaba in the new year and has number of potential investors lined up.We spoke for around 30 mins post meeting. General catch-up in the main. Chinese still keen on the project and pushing it forward, company seem to have a very good working relationship with members of SA government.I definitely left the meeting with a weird feeling, a belief this is now actually happening. Land acquisition massive step. DB did highlight flow of positive news in recent weeks, which he suggests will continue. It finally looks as though our patience may be rewarded.Happy to answer any questions on above.
15/11/2018
07:37
bengal1: Yep, full steam ahead now.. The company has finally resolved this after 2 years of stakeholder and share price bashing. Well done to David Brown and team. Big bounce from this silly level.
05/7/2018
08:52
channel pirate: BUT...the share price has now fallen another 43.45% in the last 3 months with this reduction today...W.T.F. is going on (or not going on as the case may be) ?
24/5/2018
13:16
channel pirate: Yesterday it was announced Mr Brown received 625,612 shares related to performance. Today the share price falls 4.5p from 31p to 26.5p...…̷0;…. some performance that is then !!!
16/3/2018
17:38
channel pirate: My personal view is that when we see the share price moving around (rather than static like it has been for a while), we shall see a lot more trading. The company can say all the positives they like, but if the market keeps the share price "static", then we will stay in the same vein as we are in now - all in my own opinion of course.
Mc Mining share price data is direct from the London Stock Exchange
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