Member Info for Hemmings8

Posted by buzz on iii S African thermal coal prices are going from strength to strength at the moment - in line with how the Australian coal prices (and demand) has been going:- http://www.cmegroup.com/trading/energy/coal/coal-api-4-fob-richards-bay-argus-mccloskey.html The strong coking coal prices have now has resulted in an increase in the forecast price for 2018 from $150/mt to $170 per metric tonne. https://www.platts.com/latest-news/coal/london/coking-coal-prices-supported-by-mine-logistics-10184570 In the short term this should improve the income for MCM from its existing thermal coal mine and significantly improve the economics for bringing other mines on stream.

JSE equiv 40.5/40.7 Uk 36/38

Zoutnet’s a truly awful publication with the author here massively anti Makhado. Ignore, nonsense.

JPMorgan increasing their coal price forecasts today. Details to follow...

No idea what was going on with JSE today, someone kept buying 1 share at 733 and someone kept selling 1 share at 650. Happened about 20 times across day.

https://www.bloomberg.com/amp/news/articles/2017-04-11/metallurgical-coal-price-set-for-record-after-surging-past-300 Looking forward to Uitkomst results

Quarterlies at end of January

Doing well, and should do well in this stage of business cycle. No reason for us to be lower today, someone panicked out of a few, when it’s a gift

Hearing land has been acquired and we’re ready to start preparing for mining. Stock ticking higher. Equivalent of 49p to buy on JSE now.

Cheers Bozmo Don’t understand why JSE so wide when previously always felt tighter than London and attracted more volume. London seems to be 6000 up most of time which in old money is 120,000 which itself is pretty good. If I had SA account I would have a few bids below and hope someone sells me

Peel Hunt upgrading South African mining sector

The new ANC leader should be good for mining in South Africa. Exchange rate move suggest London should be around 43p

Bloomberg has a block trade of 1.12m going through at 9:06 this morning

1.2m shares traded on JSE.

Great news, sale completed

Hitting new highs for 2017 today. Commodities back in favour with GS upgrading sector. Base metals/energy flying this morning.

They aim to re-brand and re-market the company. As has been said already, numerous fund, institutions and private investors won’t invest in penny stocks and this is a smart move. They want to improve liquidity in the stock and can do this by getting more counter parties involved. 2.5-3.25 or worse is a massive spread. If the company continue to deliver then there’s no reason for share price to go down, and certainly no need to panic because of suspension. My only caveat is that it’s easier to see a re-rating from 2.5p to 10p then a move from 50p to £2

Closed period until quarterlies are released.

Agree with bozmo. We're due further consolidation in the sector. Could be Exxaro or even someone similar like Universal Coal not to mention Chinese or Indian

Fantastic news and signposted on Friday that was imminent. Now where? 10p? Everything beginning to take shape and coal prices have been flying.