Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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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."
Lets just bow our heads and pray for a position that allows us to hold onto out shares - without delisting.
Sasol is also looking for good quality coal
Pocket money to a lot of companies too... Below is this years coking coal acquisition/demand news which illustrates the diverse range of acquisitive companies on the hunt for large coking coal resources/supply...
Whitehaven
https://www.smh.com.au/business/companies/bhp-sells-queensland-coking-coal-mines-to-whitehaven-20231018-p5ed7z.html
ArcelorMittal
https://www.herald.co.zw/sa-steel-giant-expands-imports-from-hwange/
JSW Group
https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/jsw-group-exploring-possibilities-to-acquire-coking-coal-mines-in-offshore-markets-sources/articleshow/100567554.cms
Thungela
https://www.miningweekly.com/article/thungela-completes-buyout-of-majority-stake-in-aus-coal-mine-2023-08-29
Bathurst
https://www.nsenergybusiness.com/news/bathurst-resources-to-acquire-tenas-coking-coal-project-in-canada/
Glencore
https://www.reuters.com/markets/deals/glencore-makes-offer-tecks-steelmaking-coal-business-2023-06-12/
Nippon Steel
https://www.mining.com/web/nippon-steel-could-buy-more-stakes-in-coking-coal-and-iron-ore-mines/
Coronado
https://www.afr.com/companies/mining/coronado-hunting-to-spend-coal-cash-on-m-and-a-20230525-p5db8g
Terracom
https://www.theaustralian.com.au/business/dataroom/terracom-weighs-bowen-purchase/news-story/1f0165471524b9c7ff1b7bb19886e05e
Food for thought... Hopefully, let the bidding war begin!
This is pocket money for the Chinese, given the huge reserves that ,MC Mining posses it is a possibility they will step in and beat any possible takeover bid. Senosi is a small fish in a big pond.
Toot
Chance I am willing to take for a nice profit
If you think your idea is what will occur don’t buy
Myself I think 🤔 you are another scaremonger !!!?
All though i thought it would be more busy ??
If no bid is forthcoming or approved, unfortunately you may end up stuck here, funding investors may be reluctant to invest due to infighting and the share price could well drop down to new lows and stagnate for many years, not many buying at these ' profitable levels' wonder why.
Mc
I hope to be well gone by then
Any sign of eleven pence and I am gone with my 1500 profit
GLA
****nal58, i tell you one thing for sure ==> if it goes through and people are forced to sell, alot of people will leave the table and will not return with the company being offline. they will make money, but the cake will be alot smaller and the rest of the world won't take it on its full and true merit post what should be a high growth phase. should it relegate itself, it is likely to become just another fully scalable commodity resource provider at the beck and call of black government tenders - which is prone to corruption and bad adherence to sla management. seriously, canada / china and usa can offer the same without breaking a sweat. furthermore, this is not senosi's only mine - he owns and operates others and if he runs into liquidity concerns together with a lack of focus... the drag continues with potential spill-over effects. the company is taking on to much change...way to much for its own good without bankables. they consolidated the whole subscription, cleared the whole management team, paid directors multiple times over, engaged in a 100% take-over - and still have not delivered anything performance wise to the long term investor - whilst on the turnaround. this is also not going to be the last takeover of mc we will see. the obligation should be to fend off all interest from the outside and hold firm until it is a cash cow that is being bought over by a big dog.
further to this - an example a similar move was the extract group in sa, it rebranded to mcc... and then ran dry without enough customers and a reduced service base, they forgo' ed proper contract mining as a specialist field and killed it - thereafter ended up delisting like a real fart in the wind.
was not funny to watch, as you would think contract mining, asset management and fleet service would run the full course over the next 60-70 years.
Mc if the profit is there !!
I don’t hold shares with my heart
Any profit his king
This consortium will pay 💰 knowing full well there is huge upside from 23 Aussie bucks
Macdaddy12, it appears you do not like your hearsay and foregone conclusionary comments being challenged with level-headed facts and debate of the current situation at hand. Do you also get upset when you’re told you can’t get you own way, or you’re not allowed to the pub because you haven’t done your chores.
I reiterate I am suspicious of your repeated ‘heads we lose, tails we lose’ commentary regarding us retail shareholders in this situation. I note you joined this site on the day the company received a letter of intention to make a takeover, 2nd Nov. Are you part of, or associated with the consortium? Repeatedly suggesting a takeover or delisting is a forgone conclusion is misleading and gives the consortium momentum.
I will also refrain from further debate with you. Let’s wait and see what the AGM brings, as I am doubtful of any further official direction before then. In the meantime, here are some useful resources (FACTS) for you to enjoy regarding the possible outcomes…
https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/takeover-bids/
https://www.dentons.com/en/pdf-pages/-/media/817e13fe2a364f4fbe7b869517237f8a.ashx
https://takeovers.gov.au/resources/key-concepts/summary-takeover-provisions
GLA & DYOR
****nal58 is there any context under which you would elect to not sell your shares? assuming a take-over offer is made and you had a binary yes/no choice to make.
Apologies Typo - "In South Africa, the percentage number of shares NOT in public hands is exactly 67.6%"...
0.23 Australian Dollars =
0.12007614 British Pounds
1 AUD = 0.522070 GBP
1 GBP = 1.91545 AUD
Nice profit for us late too the party 🎉
In at .9
GLA
Gorblmey, you have a very effeminate and provocative way of engaging me . I prefer NOT to retaught or get drawn into it.
Facts are important but emotionally intelligent business decision making is more relevant/appealing to me - that means reading between the lines with my own interest at heart.
In South Africa, the percentage number of shares in public hands is exactly 67.6%...with the top 20 shareholders being made up of entities over and above dendocept and senosi. That list of top 20 excludes internal senior management (always expanding and influx) and gvt/idc (which may be in the process of already being swayed by the default 64.5% acceptance levels). They may have already secured acceptance from a few BIG retail investors tacitly and undercover (very likely, if not certain) which no one knows about yet. If one includes the rate of conversion once a potential public offer is made as well as grapevine conversations...this just ramps up and picks up pace. I would anticipate a delay in formal communication until the bidders have ascertained the exact acceptance rate.
I do not have to be a scientific copy and paste genius to understand the possibility of a takeover happening at the wrong time and at the wrong moment but just in time for the Institutional investor to profit. I rather have my eyes wide open than glued shut by barely-pacifying commercialized jargon and pleasantries. From my perspective, this is the time when short sighted major powerplays happen and the direction changes.
For now, I am going to leave it there and just spectate the conversation - and allow you to dictate the dialogue with facts.
Macdaddy12, Once again, unsubstantiated nonsense...
The two largest shareholders have been clearly been working on this months and have managed to pull together 64.5% from multiple large shareholders. However, there is still a relatively large retail investor base which needs to be convinced this approach deal is good... I for one do not! I wouldn't be surprised if the punters on this BB collectively control enough to scupper this approach...
The Agm will probably reveal more info. I’m surprised shareprice not above 10p
90% (required) - 64,5% (current acceptance level) = 25,5%.
Not difficult to achieve.