Member Info for Bozmo

The government wants the MMSEZ to go ahead, so its going to happen. Zoutnet and the author always negative.

i always compare MCM to Wescoal, which is up over 200% from the lows and higher than pre-pandmic levels

there was another 1.6m reported yesterday for the 24th. M+G selling is capping it. We were ~34p before Covid and once the seller is taken out then should more reflect fundamentals, coal has rallied from $65 to $140. Take your point on financing but that will get done as project proves from an IRR of 43%!

Well, coal prices are still going up, Richards Bay coal prices at $150. as are the stock prices of the likes of Wescoal. I think we're being capped by M+G selling, see the volume numbers on ASX recently. Think when they're done we fly. Who's buying it off them?

@jantand. you still around sir? Just checking in on you bud

Richards Bay Coal at $140.50, year ago we were $65

Anyone heard from company recently?

something definitely going on as someone has buying lots in Australia

(Dow Jones) -- MC Mining Ltd. on Friday reported significant increases in coal production and prices received for the fourth quarter of the fiscal year.
The South Africa-focused mining company said run-of-mine coal production more-than tripled in the three months to June compared with a year earlier, when a lockdown in the country affected its Uitkomst mine. Production rose to 127,927 metric tons from 41,536 tons.
MC Mining said sales soared to 90,858 tons from 19,429 tons, and revenue per ton increased 47% to $84.91.

Decent update all in all

Closed up 26% at 14.5c on almost 800k shares. Market 14.5/16, which equals 7.7p/8.5p.

Quarterly update must be bullish with these coal prices. Coal in Rand peaked at ~1580 in 2018, now over 1900.

Aussie line MCM AU generally doesn't trade. Today currently up 17% on volume of over 600k, from my charts the highest volume ever.

Seems a bit more interest in the JSE today, over 400k traded so far, following on from the 290k on Tuesday. Maybe breaking out the recent range

coal in rand gone beserk. i used to hear back from brown/berlin. Nothing now. We get a quarterly update at the end of this month

June now $113.

Surely we're making a profit now?

Appears to be working now

anyone having issues with posting here via mobile?

June futures Richards Bay coal currently $105

We must be making a profit at these levels?

https://www.sabcnews.com/sabcnews/infrastructure-development-for-musina-makhado-sez-set-to-start/

Front monthly coal future on API4 trading at $99.50

Uitkomst might return a profit this quarter - still have 20,494t of saleable coal on hand from March quarter end

the Mail and Guardian love a negative article on the MMSEZ. I would take this as a positive tho, assume it's going ahead as authorities and China want it to happen

still have 20,494t of saleable coal, expect more than average for the quarter $91/t.
financing, financing, financing......