Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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So Yi He and her family own approximately 87 million shares (22%). Wonder who's side she is on.
Well think about it - "recommend for shareholders to not take action." Meaning prevent a "mass sell-off" whilst depreciating the share price. Nice one.
RNS after JSE shut, a lift tomorrow of the SP above offer price would be helpful
Hopefully they can negotiate it upwards by one OR two cents?
Well below market value a joke, but unfortunately I don't see a happy ending for PI's, all being done to suit those in the thick end of it.
The headline says it all...nonsense.
Any additional views based on information coming to light?
You would have to be extremely stupid to accept that offer. especially when the sp is being worked to make it look attractive.
Well - share price is sliding at the right time.
Guarantees a 0.2 AUD cents takeover offer being the agreed upon rate and nothing more? Would not want to charge an already existing suite of directors / incumbents.
Perhaps it is the reverse of what you think... For every seller of 500 there must a buyer... I wonder, who would want to tap the price lower...?
Someone on the JSE is attempting to keep the share price up. This has been going on for months, every day when the SP drops you will see a buy of 500 shares at a higher price. Very strange. (or is it?)
Sub .7
Well below the takeover offer, which is looking more value each passing day.
Todays AGM outcome: only 2 resolutions past as approved out of -+15. Makes sense, can only mean the takeover is likely to happen and it is sadly not business as usual.
Lol
Senosi going to get this real cheap. Real cheap.
Doing this however will limit the scaling and scope of the company - having move off the grid. My gut feel says that another Black entity will buy them out offline at a much later date and at a much higher value - viz Exxaro or ARM. Those in today - will profit BIG in the long run/
They would buy-inn NOW to consolidate a position of being a truly "black-led" company with interests in potential government opportunities like Eskom as well as the PIC (Public Investment Co-operation).Being a truly black led company from the ground up will also allow them to achieve major awards / rebates & funding facilities at some point down the line.
By going down this route - all future partners are likely to follow a BBBEE scorecard and are also likely to be SELECTED on invite.
Buying in on the cheap is a no-brainer prior to further network canvassing.
The main point is the huge reserves of met coal at Makhado. Also, Uitkomst is producing met coal...
"Operations & sales Uitkomst produced 445,474t of run-of-mine (RoM) coal in the year to 30 June 2023 (FY2023), which resulted in sales of 230,181t of high-grade coal and 11,185t of middlings coal (a lowergrade, high-ash product), an implied combined yield of ~60%. The high-grade coal comprises peas (a sized product sold mainly to local traders for sale in the provincial market where it is used for energy or steam-unit production) and coal in the 0-40mm size range (sold as pulverised coal mainly into the South African metallurgical market). "
Read the Tennyson report, the business is generating enough (and increasing) positive cash flow to service a coupon on a potential debt package to potentially finance Makhado... Think about that. Why do you think the consortium is trying to buy the business on the cheap before the board agree a debt package that will transform the company and valuation.
Source:
https://www.mcmining.co.za/our-business/operations/uitkomst
https://www.mcmining.co.za/all-categories?task=download.send&id=1773:tennyson-equity-research-reportl-mc-mining&catid=107
That's all very well, but we are not producing any.
'Western companies may be loathe to search for new sources of coal or build new mines, but investors say coal still has a powerful role to play in the coming years since it can be used to feed the needs of the global shift to cleaner energy. Demand for coal - driven by Asia - remains strong, lifting prices.
Coking coal is emerging as a top option for companies to make a foray into, as it is used to make steel, an important component in large infrastructure and renewable projects.'
Source:
https://www.miningweekly.com/article/glencore-coal-deal-shows-power-of-fossil-fuels---even-on-their-way-out-2023-11-15
'Australia has assured India of steady supplies of coking coal, two Indian government sources said on Friday, as domestic mills grapple with shortages of the key steelmaking raw material and a surge in prices.'
https://www.business-standard.com/industry/news/australia-assures-india-of-steady-coking-coal-supplies-amid-shortage-123111700507_1.html
"Global coking coal market is around 1.1 bnt and seaborne trade is around 305 mnt but the steel industry is reliant on a very narrow supply base which is the main cause of disruptions and volatility."
Source: https://www.coalmint.com/insights/growing-shortage-of-coking-coal-expected-from-early-2030s-experts-at-isa-summit-491997
"Unlike thermal coal, one of the most polluting fossil fuels which is being phased out over time, coking coal used to make steel will be needed long term to cater to demand from green energy infrastructure."