Member Info for AndyRMCZ

Manipulation is usually from the ASX.

Happy New Year mate!
JSE activity - One large purchase of almost half a million shares on the JSE @ R 3.50 yesterday (3 Jan).

The SP 10 years ago went to over R 60 on anticipation that everything would fall in place.

Yes, the pieces are finally falling into place.

Not much on Senosi on the web. Wonder if he's got some big backers behind him. Looks like some big hitters from the Governing ANC party are getting involved here.
Regarding the meeting - it should be broadcast on the internet - but yes, always best to be there.

I'm in Cape Town, so a bit far away.
I see that about 48% of the share holders are now South African. I view this as positive.

I think if they can't get it up and running now with coal prices at record highs, they should seriously consider selling Vele and use the money for Makhado. It's also not metallurgical coal, so not really what they wanted to mine anyway, right?

https://www.miningweekly.com/article/arch-redirecting-coking-coal-into-thermal-market-2022-10-28/rep_id:3650

Vele has been sitting around since 2013 waiting for Makhado to get going so the coal can be processed there, right? Now that it's more feasible to build a processing plant at Makhado, should MCM not try sell Vele or start mining at Vele now that the coal prices are high? What do you guys think?

Senosi is in at that price

Perhaps there are too few of you and admin is not worth it? (Just guessing)

Mine management did warn us that there was no reason for the sudden increase in the sp. Let's see what the results bring on Friday. Don't expect a dividend.

Seems to be going down again today. (Also been a 10 year overnight purchase of CZA for me.)

SENS notice
ISSUE OF SHARES UNDER PERFORMANCE RIGHTS PLAN

Further to its announcement on 28 April 2022, MC Mining Limited (MC Mining or the
Company) confirms that it has now issued 4,871,406 new ordinary shares of no par value in
the Company’s capital (Ordinary Shares) (the Performance Rights Shares) to its former
Interim Chief Executive Officer (CEO), Mr Sam Randazzo.

The 4,871,406 Performance Rights Shares have been issued to Mr Randazzo in accordance
with the Company’s Performance Rights Plan as announced at the time of his resignation as
Interim CEO and Executive Director.

He's not even mentioned as a major shareholder on the Nedbank Stockbroking app. as at 3 March
Major Shareholders (as at 3 Mar 2022)
Company Percentage
Haohua Energy International (Hong Kong) Co. Ltd. 15%
Ying He Yuan Investment (S) Pte Ltd. 13.9%
Pan African Resources PLC 10%
Summer Tres Pte Ltd. 8.4%
M&G Plc 4.92%
ArcelorMittal S.A. 4.1%
MSP Capital (Pty) Ltd. 3.1%
Y He 2.8%
Jun Liu 2.2%
Barclays Bank Plc 2.1%

Anybody know why DB and now BB did not want to stay at MC?