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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% 7.50 3,543 08:00:00
Bid Price Offer Price High Price Low Price Open Price
7.00 8.00 7.50 7.50 7.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 13.85 -10.37 -6.90 12
Last Trade Time Trade Type Trade Size Trade Price Currency
08:24:43 O 3,543 7.0001 GBX

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25/12/202015:50Coal of Africa - MC Mining380
02/7/201408:43Motivcom plc - marketing services group157
20/10/200712:33MOTIVCOM-MORE TO GO!!-
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08:24:447.003,543248.01O
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DateSubject
18/1/2021
08:20
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 7.50p.
Mc Mining Limited has a 4 week average price of 7.30p and a 12 week average price of 6p.
The 1 year high share price is 29.50p while the 1 year low share price is currently 5.50p.
There are currently 154,419,555 shares in issue and the average daily traded volume is 83,754 shares. The market capitalisation of Mc Mining Limited is £11,581,466.63.
10/11/2020
14:22
dave4545: So checked that link. Last couple of buys are paying £22 mil market cap But here it's £12.2 mid so not far off double the price. 8.5p here to buy but on the JSE they are paying 15-17p range
09/11/2020
09:58
dave4545: Check online limits here. Just 15k left at 8.8p, best it's been since I bought in. Massive overhang cleared. And they are bidding above mid price for stock. So it should be testing double figures any time.
21/7/2020
15:49
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
24/6/2019
06:43
2bozmo: Mirabaud Securitues have started overage, BUY with 90p price target
22/4/2019
13:53
newtothisgame3: #MC #Mining #Limited (LON:#MCM) climbed 6.6% to 48.5p over the week after clinching a sale and purchase agreement for its Makhado hard coking and thermal coal project in South Africa.https://twitter.com/smallcappick/status/1120324681922424833
16/4/2019
06:54
ianio5691: RNS Offtake agreement signed for Phase 1. Lot of details unclear... "-- sales prices shall be an API4 linked price expressed in US Dollars and will be calculated and agreed on a quarterly basis; and -- saleable thermal coal will be delivered to the Musina siding and sold on a free-on-rail (FOR) basis, which takes into account the actual rail and port charges. The Agreement is subject to various conditions precedent standard for an agreement of this nature." Elephant in the room still funding... "Negotiations for a composite debt and equity funding arrangement continue and we anticipate that they will be completed in Q3 CY2019...." Getting interesting, but until funding sorted, still a bit of a punt.
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 !!
28/12/2018
11:53
channel pirate: First bought these in 2007 and have had some at over £2-00p "old" money. Have been 'working' the share price when allowed buying / selling and have taken £5K profit from those shares sold, but still have another £10,000 to make just to break even so need to keep a core holding. I'm sure there are more of us "old timers" out there, so good luck guys, and maybe, just maybe, it will not be so long until we are back in profit again with CZA / MCM. GLA
11/12/2018
05:31
2bozmo: Chapudi Project - Mining Right GrantedMC Mining LimitedPreviously Coal of Africa Limited(Incorporated and registered in Australia)Registration number ABN 008 905 388ISIN AU000000MCM9JSE share code: MCZASX/AIM code: MCMANNOUNCEMENT 11 December 2018 CHAPUDI PROJECT - MINING RIGHT GRANTEDMC Mining Limited ("MC Mining" or the "Company") is pleased to announcethat the South African Department of Mineral Resources ("DMR") hasgranted a mining right for its 74% owned Chapudi coking and thermalcoal project ("Chapudi Project") in the Limpopo province. The ChapudiProject, together with the Mopane and Generaal Projects, comprise theCompany's longer-term Greater Soutpansberg Project ("GSP") situatedin the Soutpansberg Coalfield.The GSP is located within close proximity to the Musina-MakhadoSpecial Economic Zone ("SEZ"), an area designated by government tofocus on amongst others, energy and metallurgical processing.The Chapudi mining right is the first of the three GSP mining rightapplications to be granted; these applications were submitted to theDMR during 2013. The Chapudi Project alone contains over 6.3 billiongross tonnes in situ of inferred coal resources1 and supports MCMining's strategy to be a substantial producer of hard coking coal,used in the steel manufacturing process and typically attracting asignificantly higher sales price compared to thermal coal.David Brown, MC Mining's Chief Executive Officer commented:"The granting of the mining right for the Chapudi Project is a keystep in unlocking value from MC Mining's significant coking andthermal coal assets and positions the GSP to be a potential long-termcoal supplier to the planned Musina-Makhado SEZ. The Mopane andGeneraal Project mining right applications are at an advanced stageand we anticipate that these will be granted in the near future.Following this, the Company will commence with the various studiesrequired for the outstanding water and environmental regulatoryapprovals.We continue to advance our flagship Makhado hard coking and thermalcoal project and the November 2018 agreement to acquire the Lukin andSalaita properties facilitates the completion of geotechnical andrelated infrastructure studies for the proposed colliery. Further,recent Makhado Project milestones include the conclusion of a hardcoking coal off-take agreement while negotiations for the remaininghard coking coal as well as the thermal coal and funding initiatives
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.
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