Mc Mining Share Discussion Threads

[casual47] 12/12/2018 18:12

So calculating "old money" isn't as simple as dividing by 20. You need to also take into account the much smaller share capital that there used to be when money was old.

[casual47] 12/12/2018 18:10

Using the consolidation rate of 20:1 there are now the equivalent of 2,917,591,700 old shares in issue.

In November 2015 there were 1,927,001,328 shares in issue, so massive dilution.

I dread to think how many were in issue when I first bought in, back when the shareprice was 8 pence...

[casual47] 12/12/2018 18:05

They issued over a billion of shares over the last few years.

[bengal1] 12/12/2018 17:57

Not too sure what you mean by dilution... There was only a 20:1 consolidation.

[casual47] 12/12/2018 17:41

Is that in old money taking into account the dilution since?

[bengal1] 12/12/2018 17:29

2.3p in old money... Silly cheap bearing in mind all that has been achieved...

[ianio5691] 12/12/2018 16:20

JSE usually a good indication of where this is going.

[bengal1] 12/12/2018 16:11

Trading at 56p on JSE.

[channel pirate] 12/12/2018 13:28

Hi Bengal, yes correct, I have just printed out my contract note and see my trade was via the NEX trading platform - thanks

[bengal1] 12/12/2018 12:47

Went through on Nex Exchange...
Date & Time Volume Price
12/12/2018 12:09 2,455 46.6
12/12/2018 10:18 1,095 46.88
12/12/2018 09:57 1,784 43.6
11/12/2018 15:44 1,230 48.12
11/12/2018 15:19 633 51

[channel pirate] 12/12/2018 12:44

Funny 'ole' game this isn't it as per my post 253, I hadn't been able to buy less that 47p earlier when the spread was 43p / 47p, and then not at all after. Now the spread has 'closed' to 46p / 47p then I thought I would go on and try again and I have now just added 2455 more shares at 46.6p, but the trade is not showing.

[bengal1] 12/12/2018 12:34

2 further significant items on news on way, possibly a 3rd.

[channel pirate] 12/12/2018 11:09

Almost certainly as I have been trying to add all morning since the open and Hargreaves have been wanting the FULL asking price every time. Not too worried though as I do have "quite a few"

[bengal1] 12/12/2018 10:53

Accumulation going on in background...

[joecase] 11/12/2018 15:50

Looks like bam to open price?

[ianio5691] 11/12/2018 12:40

MCM has not been without its problems.... Look at the CZA thread, and the disasters that have beset it over the years.

David Brown was brought in to oversee their transformation from thermal coal to mid tier coking coal supplier.

To enable this, and their survival, they have had massive support and investment from their Chinese backers.

Now join the dots....

Coking coal is essential as the only energy source able to provide the ultra high temperatures required for the steel industry.

In 2015, a special task team was assembled within the Industrial Development Corporation (IDC) in the hope of rebooting the South African steel industry. The special task team proposed a US$4.5 billion (ZAR58.5 billion) steel mill project that can produce five million tons of low cost products a year.

A Chinese state-owned giant was invited to invest. Hesteel Group (HBIS), China’s largest steel company with a ZAR66.6 billion market cap and over 40 million tons annual capacity, is actively seeking opportunities to transfer its excess steel capacity out of China, following instructions by the Chinese government.

The pair, together with the China-Africa Development Fund (CAD Fund), signed the “South Africa Steel Project MOU” in Beijing.

The new plant design will use a blast furnace process in production, which is the most similar to Arcelormittal South Africa (AMSA), which has a capacity of five million tons.

In the first half of 2015, South African steel production reached 3.2 million tons, and 70% of it came from AMSA.

The new steel mill would beat AMSA in many ways including the procurement of raw materials, energy costs, product quality and diversity.

Where is the new plant about to be located?

Who will provide the huge coking coal requirement?

Who is funding the plant?

Who has been our beneficial funding provider during the bleak times?

All the pieces are now falling into place

Well done David Brown.

[goodbloke1] 11/12/2018 12:08

You bought in?

[babbler] 11/12/2018 11:53

Don't imo.

[dave4545] 11/12/2018 11:51

Thanks Ian

6000 unusual number

[ianio5691] 11/12/2018 11:49

Lots of delayed larger buys from this morning now being reported as sells.

[ianio5691] 11/12/2018 11:48

DAve4545 NMS 6000

[papillon] 11/12/2018 11:44

tburley. Many thanks.

[ianio5691] 11/12/2018 11:44

Papillon - CZA (Coal of Africa)

[dave4545] 11/12/2018 11:42

Cannot get a buy quote at 51p


Anybody like to tell me the NMS here ?

[pre] 11/12/2018 11:37

posted on LSE thread:

Profit_profit
Posts: 229
Opinion: No Opinion
Price: 52.00

It doesn't mean money just yetToday 11:32

License granted yes, but money needs to be spent to get investment back.
Not That simple
Nav of this company is 18p
Check out the MCm fundamentals