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Share Name Share Symbol Market Type Share ISIN Share Description
MC Mining LSE:MCM London Ordinary Share AU000000MCM9 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -3.50p -7.29% 44.50p 31,300 08:23:12
Bid Price Offer Price High Price Low Price Open Price
42.00p 47.00p 48.00p 44.50p 48.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 24.75 -73.47 -54.50 62.7

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Date Time Title Posts
13/12/201809:26Coal of Africa - MC Mining290
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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DateSubject
16/12/2018
08:20
MC Mining Daily Update: MC Mining is listed in the Mining sector of the London Stock Exchange with ticker MCM. The last closing price for MC Mining was 48p.
MC Mining has a 4 week average price of 24.50p and a 12 week average price of 16p.
The 1 year high share price is 65.50p while the 1 year low share price is currently 16p.
There are currently 140,879,585 shares in issue and the average daily traded volume is 230,529 shares. The market capitalisation of MC Mining is £62,691,415.33.
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
07:52
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
12:16
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.
12/2/2018
11:21
boodgewoodge: the entire board should be hung up and left to dry for not investigating and disclosing this dismal share price on the jse even if as per usual they cant do anything about it
02/7/2014
08:43
praipus: fus (floatupstream) I was hoping you were going to reveal a systematic approach to investing which lead to enormous wealth and happiness. Not misery and a lower share price:) Following Slaters in and out has been mostly profitable with only a few exceptions which of course this looks like one at the moment:(
25/7/2008
08:53
bookworm1: So if you dont do indepth research how do you arrive at the conclusion that it is obviously undervalued? What are you using as your indicators of value? Just looking at the banking sector we have seen prices fall to levels not seen for a long time and people have been arguing that they were excellent value. Yet they continue to get savaged as more write offs are declared and their profits decline. Already some of the banks are starting to switch from paying dividends in cash to paying in shares which is just a con. If you step back and take a view that we aint seen nothing yet then be prepared to see some sectors take a beating. What worries me about this sector is that it gets mopped up with the advertising industry and it is often one of the first things to get cut back in a recession. Competition becomes intense and profit forecasts are slashed and staff have to be laid off. Only after there is blood on the walls does the share price tend to recover back. Also investors start to need their money so they pull it out of their investments so the price falls. Only when the cycle has been completed is it time to buy. Sorry if this sounds sanguine but in my opinion it is easier to lose money than make it which is why I am always cautious and like to get to know a company better before rushing into making an investment. My assessment of SGI was that it is a sound company but that has not stopped the share price from falling 30% in the last 12 months.
MC Mining share price data is direct from the London Stock Exchange
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