Member Info for Bozmo

indeed, the plot thickens

would e-mail Stephen Rowse

normally comes back to me

M&G still have some to sell, wonder what would happen if that cap was removed

going to vote for current regime to continue

Better the devil you know

I had a brief dialogue with the company.

Things are going pretty well, South African coal prices are high and there’s demand from Europe too. (Note. Russia supplies 30% of European coal market, China has already stopped buying Russian coal);
Uitkomst now currently going great guns;

Financing: expect to be completed in the next month or two;
Company want to concentrate on financing not over boardroom issue;

M+G holding is now bite-sized so someone might take it off their hands;

Sensoi taking stake is meaningful since they acquired a number of mines off Exxaro, they are ready to go and very experienced;
They are trying to push forward as demand there and prices are good;
There will be demand for products even if China not involved in MMSEZ;

Gert the shovels out lads

M&G still the forced seller as exiting coal. Hopefully, they'll be out soon

The 2 guys they want to bring in are big names

Bernie Pryor was responsible for the 1 for 20 split, so should go on that basis. What does he do anyway?
Sam Randazzo is just the guy who was asked to pick up the reins whilst waiting for a new CEO. Apparently have someone lined up if this deal goes through.

Need something to get us over the line and these 2 must see the potential if being touted for roles here.

More hope. Lets not shatter the dream.

they wouldn't be investing if Makhado wasn't going to happen. Hopefully the start of some more positive news.

Numbers yesterday were ok in my opinion, coal prices very positive for future profits of company

Don’t know if anyone listened to the AGM a few weeks ago.

I climbed off my covid sick bed so didn’t make notes this year. Highlight was Bernie Pryor stating they are the closest they’ve been to getting this over the line. Expect to get this done in 2022 Q1. I know, we’re all heard this before but he was particularly animated.
2 parties interested, one of which have someone very good in charge who would take over running company if that deal goes through. Randazzo doing good job but he’s in Perth;
Positive on coal prices in SA.
One of the analysts questioned whether we lose one of the listings, and company suggested probably right to do so and will happen but made a case for each one.

from conversations with the company, i dont think chinese companies were in the running for financing us anyway. if south africa want this to happen. then it will happen

M+G are unwinding, don't want to hold coal stock. Volumes have been good on LSE/ASX. Who is buying? i personally think they'll be out in a few weeks and we go considerably higher.

M+G selling through Winterfloods and they've blocked 1.7m shares since last holding RNS last week.

amazing

London would be higher if M+G not selling. Coal prices up another $11/tonne today, Crazy rally.

Well, we should hear when the AGM is - last week of November normally you can vent your anger there about lack of progress!

I spoke with the company a few weeks ago and they were hoping to have financing finalised by the end of the year (heard that one before!), but keeping the faith!

Coal prices keep going higher and china importing as much as they can otherwise country will grind to a halt. Coal in Rand at 3000, 18-months ago this was 900. i maintain that MG selling has capped this for the time being, only selling given the green agenda. But someone is taking it off their hands. MMSEZ will happen. Randazzo needs to make things happen.

Coal in rand at 3000. Surely we can do this.

$200 Coal

Question for me remains who’s buying? There’s been a decent amount sold by MG since their last RNS and a lot of the trades are pre-market so someone is scooping everything up. Coal prices up again today, front month trading at over $180.

Think we get RNS with annual results this week?

The concession, smaller coal power station and more solar. It’s going to happen.

As we saw in UK yesterday when they restarted West Burton coal power station and in Europe, where earlier this year solar/wind combined produced 3% of energy requirements, these alternative sources can’t generate enough power.