Member Info for Macdaddy12

****nal58, i tell you one thing for sure ==> if it goes through and people are forced to sell, alot of people will leave the table and will not return with the company being offline. they will make money, but the cake will be alot smaller and the rest of the world won't take it on its full and true merit post what should be a high growth phase. should it relegate itself, it is likely to become just another fully scalable commodity resource provider at the beck and call of black government tenders - which is prone to corruption and bad adherence to sla management. seriously, canada / china and usa can offer the same without breaking a sweat. furthermore, this is not senosi's only mine - he owns and operates others and if he runs into liquidity concerns together with a lack of focus... the drag continues with potential spill-over effects. the company is taking on to much change...way to much for its own good without bankables. they consolidated the whole subscription, cleared the whole management team, paid directors multiple times over, engaged in a 100% take-over - and still have not delivered anything performance wise to the long term investor - whilst on the turnaround. this is also not going to be the last takeover of mc we will see. the obligation should be to fend off all interest from the outside and hold firm until it is a cash cow that is being bought over by a big dog.

further to this - an example a similar move was the extract group in sa, it rebranded to mcc... and then ran dry without enough customers and a reduced service base, they forgo' ed proper contract mining as a specialist field and killed it - thereafter ended up delisting like a real fart in the wind.

was not funny to watch, as you would think contract mining, asset management and fleet service would run the full course over the next 60-70 years.

****nal58 is there any context under which you would elect to not sell your shares? assuming a take-over offer is made and you had a binary yes/no choice to make.

Apologies Typo - "In South Africa, the percentage number of shares NOT in public hands is exactly 67.6%"...

Gorblmey, you have a very effeminate and provocative way of engaging me . I prefer NOT to retaught or get drawn into it.

Facts are important but emotionally intelligent business decision making is more relevant/appealing to me - that means reading between the lines with my own interest at heart.

In South Africa, the percentage number of shares in public hands is exactly 67.6%...with the top 20 shareholders being made up of entities over and above dendocept and senosi. That list of top 20 excludes internal senior management (always expanding and influx) and gvt/idc (which may be in the process of already being swayed by the default 64.5% acceptance levels). They may have already secured acceptance from a few BIG retail investors tacitly and undercover (very likely, if not certain) which no one knows about yet. If one includes the rate of conversion once a potential public offer is made as well as grapevine conversations...this just ramps up and picks up pace. I would anticipate a delay in formal communication until the bidders have ascertained the exact acceptance rate.

I do not have to be a scientific copy and paste genius to understand the possibility of a takeover happening at the wrong time and at the wrong moment but just in time for the Institutional investor to profit. I rather have my eyes wide open than glued shut by barely-pacifying commercialized jargon and pleasantries. From my perspective, this is the time when short sighted major powerplays happen and the direction changes.

For now, I am going to leave it there and just spectate the conversation - and allow you to dictate the dialogue with facts.

90% (required) - 64,5% (current acceptance level) = 25,5%.

Not difficult to achieve.

Don't worry about the recent RNS... I am based in South Africa and have been watching since the long gone days of David Brown (he stated the delisting explicitly).

The truth is that Senosi has been brought in to do a very specific job and as a consequence were awarded shares for that job due to liquidity constraints. They have not delivered those performance results yet and therefore have not fulfilled their obligations to the company (it is too soon, since their inclusion which was warranted). Dendocept on the other hand has been in there for a very long time but have been unable to deliver the gambit to MCM - hence the arrival of Senosi.

In reality, both entities should not have the right to take over until they deliver their obligations to the company performance wise. The current managment team is good enough to facilitate the management of the operation - with the others in operations.

I will leave it there - as I am preaching to the choir.

No one doubts the true value of company, that is well understood...but I do believe that retail shareholders should not be lost in jargon and over commercialized undertones of a procedural stepwise process. Yes, there are yardsticks that has to be reached and we will all have to wait for those outcomes...but ultimately the risk to the private investor is real regardless of the reports. What we do know for sure...is that the company is planning to delist from one of the exchanges and judging that black ownership is planning an exponential gain for themselves - we can deduce this sufficiently. It is only a science Gorblimey if you yourself are sitting on the MCM board, which you nor I am.

Everyone basically get "Fielded" for good if they are not an institutional investor. The total number of shares 400mill. This is a goodbye letter before output.

Well - by virtue of the published statements relating to this they have already engaged the ASX directly to prevent competing bids. This statement alone implies that they are much FURTHER down the track of an off-market takeover process. The steps to a transaction of this format is outlined clearly online... this one comes across as textbook. The first thing to happen post the takeover is likely to be a full delisting from ASX...followed by a period of being full subscribed on LSE/JSE. The individual shareholders will likely be excluded post the return of their shares.

So Goblimey, what would you do if the offer goes through and you owned shares? Would you sell or hold - and reasons for both options.

Given the current set of circumstances...does the takeover result in a compulsory DELISTING?

Clearly, they cannot go back to the markets at a later date and they would have burnt a few bridges along the way. A rights / subscription offer to the market at a later date also sounds improbable. The thing is that Senosi has not even delivered on the initial promise they entered with - bulk shares in exchange for workforce and consult etc.

Any views on the Delisting as the ultimate next step post take-over?