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Zoutnet carrys another enlightening and scary article 010918 highlighting the land issue , Trump's interest should warrant further caution, here's someone who strongly believes all things around the world are for him to sanction . So if SA goes ahead with the expropriation .....it will be at it's own peril , if they back down. ....mc mining is unlikely to be able to afford the asking price 200m zar ....of to the courts where time is a commodity they believe they have in excess. How much of this scenario did Mr db and the rest of our board ever envisage or was the rebranding and consolidation the do all and end all to ensure investment interest from institutional investors! Nothing short of a great disaster .......performance bonuses for delivering one of the greatest fiascos to our highly esteemed BOD

It really burns down to the land issue and this seems to be an ongoing saga in the present environment, Uitkomst figures nothing short of impressive but insignificant to have any bearing on the share price ( the POTENTIAL of CZA and what m c mining is delivering is chalk and cheese ) , Vele and GSP , either the disposal or development of either or both , is the short term ( give or take 24 months for our board ) key to harnessing an upward channel ...... thoughts of Quantum Leaps in the share price, even from these dismal levels , are fading fast with the last hint of smouldering embers fading faster ! Rebranding, consolidation, additional board members , imported cfo''s, brilliantly contrived bunch of red herrings. .....we're at our all time lows with no sign of the depth of the abyss in sight equally so our expert team with DB at the helm ( are they not due for performance bonuses once again ? ! )

The farmer's sitting on gold ....and he knows it ! That hog wash that he's tired and just wants a fair price is nothing short of Taurus Verbosity. Trump''s definitely thrown in a spanner in the land expropriation chapter ( no one's taking anything here without the fear of sanctions, the likes of which African countries have never seen before or ever will again ! !! ) DB and Co are in a precarious position. .....can't make a scene without the green and funding is unlikely to be forthcoming in tsunami form without the land issues being resolved. Back to the courts for now and forever. ... ! Expansion of Uitkomst ; improvement of Uitkomst ROI ( decreased costs increased production , in house teams nothing short of brilliant, increasing coal prices depreciating rand ( one of the only constants ) is the net value of MCZ , NET NOT POTENTIAL . If Uitkomst was the only project of MCZ what would MCZ nav be? Surely we'd still be grossly undervalued at these levels

The Musekwa tribe might have first right to the land and what if the Chinese have an interest in the same farm. .... the t's and c''s of their very generous loan to SA still remains to be seen. ...the long haul seems to have a few more twists in the road ahead

There's absolutely nothing to get excited about a 15 million RAND loan to facilitate essential equipment

Thanks Bozmo, Turkey is determined to take as many casualties as it possibly can, 7 plus Lira''s to the $ before this Friday and the rand north of 14.80 SHOULD bode well for the miners, but collapsing raw material prices coupled with rapidly cooling demand ( Chinese data should cement that before this week ends) is going to spare very few. This makes mc mining very attractive due to it being predominantly well insulated at these pitiful share price ( seriously how much lower can this go ? ! ) and is purely it's own news dependant. Does Trump exist , does Erdogan exist , does Xi exist. .....for mc mining it's essentially DB and bod dependant and given the geopolitical swamp the rest of the volume traded shares are going to be drowning in, let us appreciate Peel Hunt and the 2000 to 2200 daily shares that change hands in this going no where fast again next quarter

Is Peel Hunt the only ratings group / individual that glances at mcz post every sens / rns ?

It seems as if they're already well entrenched in their choice of retirement destinations!

Thanks

Date of this article please

Were did the supporting volume on the JSE dissappear to

SOME news from our bod ?

What a silent board...

At what time does the board meeting end. .. Maybe a sens /rns today still!

Heading back to the penny range .....any idea's for the next name?

DB has granted quite a few public media briefings this year alone , and in all of them has come across as the company is in the upwards channel with the turnaround plan being completed so if this was a recent conversation WITH DB then tokols you've awakened an element of great concern. Is it possible to make that correspondence available to this forum ?

Coal in southern Africa: MC Mining, new name and new focus March 6, 2018  0 MC Mining's Uitkomst operation Coal of Africa’s name change to MC Mining in December last year reflects not only the eradication of long-term legacy issues but also the start of a new company with a clear focus and vision to become a mid-tier, 5 – 10 Mtpa premier hard coking coal producer in South Africa in the next three to five years, says CEO David Brown. AUTHOR: Laura Cornish, editor of Mining Review Africa “This article first appeared in Mining Review Africa Issue 3 2018.  You can read the full digital magazine here or subscribe here to receive a print copy.” Brown had no easy task ahead of him when he was appointed CEO of Coal of Africa in 2013 – the company was bleeding money, about R6 billion to be exact, following a series of “poor” acquisitions and decisions. Inheriting a company that required intensive effort just to survive presented a difficult road for anyone at the helm. MC Mining CEO, David Brown But it seems the optimistic, well experienced former CEO of platinum major Impala Platinum was the right man for the job. This article first appeared in the March 2018 edition of Mining Review Africa. “Both our Vele and Mooiplaats operations were losing money when I joined the company and I undertook to go through the painful exercise of putting them both on care and maintenance. I also quickly recognised that the company couldn’t continue to survive on shareholder donations,” explains Brown. This situation drove the necessity to bring on-line a cash generating coal asset as quickly as possible, which would deliver self-sufficiency and better enable the company to bring its long-term vision assets, Makhado and the Greater Soutpansberg Projects (GSP) to fruition. In April 2017 the company announced the successful acquisition of unlisted Pan African Resources’ 91% stake in the KwaZulu-Natal-based Uitkomst colliery. “The cash cost had to be affordable, as was the manner in which the deal was structured. It had to have a reasonable lifespan, be cash positive, have good logistics in place, and require no significant amount of capex to continue operating. This made finding an asset quite difficult but Uitkomst fit the brief and we completed the acquisition in July 2017,” continues Brown. The R180 million sale of Mooiplaats in October of the same year - a task which took years to complete - was the final piece of the puzzle needed to fully restructure the balance sheet and move the company forward towards becoming a mid-tier coal producer. New company, new name On the back of its Mooiplaats sale and a number of successful cash generating months from Uitkomst, the timing was right to introduce a new company to market – and the name MC Mining (metallurgical coal) was b

The turning point is when our income exceeds our expenses! All the boxes can be ticked but until we're cash generating to cover all our expenses all the good news will amount to nothing more than mere blips on a continous death spiral! All credit to the board for giving themselves an extra window of opportunity to extricate their remuneration packages for an extended period of time whilst keeping the sp at a level that belies the valuation of the company. ....600 MIL and falling. ... food for thought " what's the annual salary bill for the board and to give them some pittance let's omit performance bonuses? "

Bozmo, was tied up , from timbukone

No mention of Prudential / Haohua / Yishun /PAF/Summer Trees