Member Info for Hemmings8

Do we get our quarterly update at end of this month?

Speaking to company yday, responses have been encouraging - should be completed to start build in September. They were pleased with debt raise.

Looks decent to me, question is do we raise 32.5m or 30m and at what price? It would be lovely if Chinese investors took the lot at a premium!

Thanks for posts today chaps

Let’s see what tomorrow brings. Last day of our financial year and they wanted debt financing completed by year-end This slow drip-drip is quite depressing given all the positive news

I see they reinstated coverage today with a buy rating and 90p target. Glad getting more coverage

We should start construction within 3months. Within a year, we should be up and running. Nearly there.

Also think dilution is priced in now?

Yes, my last convo with company was 24-May: “On the funding and marketing we are progressing and will look to complete the final HCC marketing agreement by middle of June and likewise the debt by the end of June.” Guess timelines change when relying on others but should have news shortly

15.02 $/rand. Almost 10% higher than in our baseline forecasts.

Should get some decent news flow in next few weeks, marketing agreements and debt funding. Mantashe making positive sounds about coal, weak gdp number sending rand to 14.93 currently. Outlook for hard coking coal still positive, currently $199/t Good luck all here

Also rand at 14.80 very helpful

Another convo with CEO: HCC prices very firm and outlook very positive; Everything still on track, marketing agreement (mid June), debt funding (end June), equity raise (July), cash from equity raise receive in August and commence build. Bemoaned short term nature of investors, nobody has patience these days. Undervalued.

My last post was following dialogue with company, so we’re still on track with timelines regarding Makhado, debt funding Q2, equity raise and construction begins Q3

Company will have finance in place before end of their financial year, ie June. Once debt financing deal sheets done then they will announce to market. Equity financing after that before construction starts in Q3. Timelines still as previously stated. I think we’re in great shape here with thermal coal picking up, Ramaphosa given clear mandate and company ticking all the right boxes. A waiting game now.

Election tomorrow. ANC predicted win 54% of vote. Think good outcome.

Sounds like Makhado coming along well. Waiting on funding. Remaining GSP Mining rights in near future Uitkomst seems to be stabilising and another product being sold given changes. Slightly disappointing coal prices lower but that’s beyond our control. Bodes well for next Quarter

Rand 14.43, last week below 14. Good for us

More of the same, jump in $/Rand and coal prices supported by jump in oil/energy prices. Nice to see price tick higher today

JSE 54/60