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jolly this board is no longer active - new board MCM showing trades today, but with a much reduced sp
hi is this bb still working or do we have a new 1 yet for mcz
oops "South Africa town" not "downs" sorry chaps, first draft :-)
MC Hammer?!?!.......here goes; My, my, my, my Coal Stocks hit me so hard (That it) makes me say "Oh, my Lord: Thank you for depressing me With a mine to mine and land rights not free". It feels good when you know you're down, A superdope mine from South Africa downs. And I'm known as such. And this is a mine, uh, you can't touch. (he drops the mike and walks out the AGM!)...... Smile guys (or you will cry) - Good luck people BN out :-)
1,640% at 43.5p but No Trades. I now think the CZA ticker is remaining possibly, so we're only losing our catchy 'Coal of Africa' for the appalling 'MC Mining' name, apparently next Monday. Where's my MC Hammer?
just looked at my holding on the Broker web-page and WOW, I have 500,000 shares valued at 42p each (ha-ha-ha). Looks like the new price has been applied but not the consolidation of the shares - don't think if I would get £210,000 if I tried to sell them now.
Boz i also have a direct line and am bullish .
I think 50p, closed at 0.025 and not a lot has happened on JSE. I was the only private investor at the AGM and had the opportunity to spend 30 minutes with David Brown at the end of proceedings. Hopefully we’ll have some positive news by the end of the year. A lot was said to me in confidence and don’t want to break that trust, but this is a gift at these levels, everything very positive and going very well. I’ve met David on a number of occasions prior to this and this was the most optimistic and positive I’ve seen him.
Thanks for the info on restart date on the LSE, anyone have thoughts on where the SP could start from?
re-starts on the 7th (tomorrow) according to an email I have received from my Broker.
Think 7/8 december in uk
Thanks for your valued perspective Jantand. Can anyone say when the transition to MC mining is complete and the shares trade on LSE again, I see they are still suspended today.
Sorry must read " idea of the consolidation is to attract ii and also reduce the almost 3bn shares in circulation"
We have been trading very thin for almost a week and very volatile The idea of the dilution were to attract big institutions. The timing imo is unfortunate in 2 ways and not by the managements making 1 december holidays. 78% give or take owned by ii so the remaining pi are cashing out and lost patience and that puts pressure on sp. Also government pension fund cashing out to fund eskom and saa woes. All put pressure downward. 2 anc policy congress where all sorts of crazy land and mining suggestions will be debated and are proposed. Start 16 December. Uncertainty. Now the cfo incoming and db made impala what it is today more or less on the same strategy. Clean house. Get rid of baggage. Finance. Develop quality assets. The sp will take care of itself. All the legacy issues are now sorted. There are many good news to come until june 2018. I suspect a second cga as well as the resolution of the land claims at 2 farms at makhado which is a court process and nothing we can do about it. As far as i understand only then we can start developing makhado which will take 12 months.finance of makhado depend on bbbeee and rules upcoming anc congress put down. (30%? 51%?) All affect finance models. It is my conservative estimation that in june 2020 we as mc ming will have 3 mines producing quality coke half or less will be arcelor mittal and half or more export. Busy with off take negotiations with acm. Rand dollar and coke prices favor us. Uitkomst are having a great quarter. Will continue do do so. I think vele will be sold. I think this could be very valuable but our polutical situation and regulatory functions of our state is imo the only risk now.
Hi, the shares on the JSE are no longer suspended I believe and are trading under new name. The shares on LSE are still suspended and I understand there is a 5 day or is it 10 day suspension while all the changes are made to the new trading name. Something along those lines anyway. Jantand normally has a lot of knowledge on this share.....JANTAND are you there with any words of wisdom? I do hope that these get off the ground when trading starts again on them as I am in -ve and have been for a good few years now as I wait on development of the company and all its ideals! Patience..... but it is getting rather thin!
Excuse my ignorance, but how are shares being traded on the JSE when they are suspended.
But looking to raise $100m in borrowing and equity - that means "dilution"!!
Suspended until next week but what's going to be the new ticker? That David Brown interview was quite informational - probably drop ASX listing soon; 80% of company in ten biggest holdings; several institutions holding; Chinese technically very helpful; development continuing and possible expansion. Not all doom and gloom
Bloomberg has a block trade of 1.12m going through at 9:06 this morning
??????? Not Today. 52000
1.2m shares traded on JSE.
It's all about makhado......
So unreal, with everything going on the SP goes south.What is going on and will we see an upside soon
And really reflects in the share price!