Member Info for Bozmo

Still think long way to go on this re-rate. These are still not the levels we saw pre-consolidation and amazing how much progress has been made. I’m amazed at progress and it cannot be underestimated how big yesterday’s news of acquiring Salaita and Lukin Farms is. No institutional investors would invest. Also now we’re getting to a market cap level where funds can invest. Also remember we’re expecting news on further offtake agreements and mining rights for GSP. I expect a steady stream of positive news until March when we get further details on Makhado. I also spoke with co last week and the general day-to-day biz at Uitkomst seems to be going well. Good luck all

Back to preconsolidation levels. Long way to go.

Good volume on JSE, trading equivalent of 78p. 53p offered London.

Lukin and Salaita Farms Purchase completed RNS later I would guess

Sandhopper, I think he’ll join some of the dots and hopefully signal financing etc be completed by board meeting in March when we get a lot more clarity.

5 clips of 10k by 8;18. Nothing further.

From Bloomberg article: Mid-cap companies with potential for “strong pricing dynamics” for 2H, according to Peel Hunt, are Antofagasta (cut to add from buy), Central Asia Metals, KAZ Minerals, Tharisa, Anglo Pacific, MC Mining (all buy)

What’s your thoughts on it Jantand? Interesting also how someone comes in bidding for 35k on JSE instead of London. Assume must be SA investor?

Just with regard to what I said on the T20 trades following Chapudi news. If you bought on the massive volume day of the announcement (11th December) then those trades would settle this Friday 11th January. Anyone who bought on a T20 basis would need to sell, roll forward today unless taking the stock (which is unlikely given T20). AIM currently 6p cheaper than JSE which is ridiculous. Maybe we get re-alignment and narrowing of differential tomorrow. I would suggest JSE represents the true value of the stock. Thoughts welcome?

Think London weaker than JSE as T20 traders who bought post Chapudi news getting out. JSE last trade 950 = 54p Assume Mittal news coming and other mining rights for GSP. SA stops for Xmas/new year and yesterday first day back for many. Should be interesting quarter

You never know!! Someone picked up 25k at 900 (49.5p) on JSE open and bidding 925 (51p) for another 56k.

Still a possibility we get AM off-take before year-end

Doubt it at this point. Market cap too low for funds to get involved, and corporates not react that quickly to news. Not aware of closing auction today

Nothing trades yday really above 60p so doubt many of the day trading crew cleaned up. Probably a few stragglers who didn’t exit so price been held down.

See my AGM notes from end of Nov. Lots of positives to come. They will have off-take, financing etc ready for board meeting in March / release to market. Should be very positive, esp for share price

We expect one more of the projects mining rights this month and other in Jan, total is 7.2bn tonnes so Chapudi was key. Also expect HCC off-take with AM this month. Happy Christmas

Fundamentals actually point a lot higher when take Uitkomst, Makhado, Vele and cash from Mooiplaats into account. Without GSP this should be trading over £1. We paid £75m for these assets and as has been said this is the blue sky for 5-10 years. It’s funny how ppl who haven’t looked at this share before today try and lecture everyone on company. Average volume of last 20 days is 38k. How has today been 20 times that?

Chapudi Project - Mining Right Granted MC Mining Limited Previously Coal of Africa Limited (Incorporated and registered in Australia) Registration number ABN 008 905 388 ISIN AU000000MCM9 JSE share code: MCZ ASX/AIM code: MCM ANNOUNCEMENT 11 December 2018 CHAPUDI PROJECT - MINING RIGHT GRANTED MC Mining Limited (“MC Mining" or the “Company”) is pleased to announce that the South African Department of Mineral Resources (“DMR”) has granted a mining right for its 74% owned Chapudi coking and thermal coal project (“Chapudi Project”) in the Limpopo province. The Chapudi Project, together with the Mopane and Generaal Projects, comprise the Company’s longer-term Greater Soutpansberg Project (“GSP”) situated in the Soutpansberg Coalfield. The GSP is located within close proximity to the Musina-Makhado Special Economic Zone (“SEZ”), an area designated by government to focus on amongst others, energy and metallurgical processing. The Chapudi mining right is the first of the three GSP mining right applications to be granted; these applications were submitted to the DMR during 2013. The Chapudi Project alone contains over 6.3 billion gross tonnes in situ of inferred coal resources1 and supports MC Mining’s strategy to be a substantial producer of hard coking coal, used in the steel manufacturing process and typically attracting a significantly higher sales price compared to thermal coal. David Brown, MC Mining’s Chief Executive Officer commented: “The granting of the mining right for the Chapudi Project is a key step in unlocking value from MC Mining’s significant coking and thermal coal assets and positions the GSP to be a potential long-term coal supplier to the planned Musina-Makhado SEZ. The Mopane and Generaal Project mining right applications are at an advanced stage and we anticipate that these will be granted in the near future. Following this, the Company will commence with the various studies required for the outstanding water and environmental regulatory approvals. We continue to advance our flagship Makhado hard coking and thermal coal project and the November 2018 agreement to acquire the Lukin and Salaita properties facilitates the completion of geotechnical and related infrastructure studies for the proposed colliery. Further, recent Makhado Project milestones include the conclusion of a hard coking coal off-take agreement while negotiations for the remaining hard coking coal as well as the thermal coal and funding initiatives

Released on ASX 3 times bigger than Makhado

Hemmings, assume that’s ArcelorMittal (highlighted at AGM)

Hi 34Deg. DB was counting Makhado as the 2nd CGA :-)