Member Info for Mick007

New one on its way - and to be in production before month end. Apparently !

Someone has been mopping up cheap stock for a few days now. Seems something positive maybe around the corner.

Can't remember the last time the company released a real meaningful update - one that the company could actually deliver on!

The 2nd HWMer was meant to be good for the company - but in the end - It killed the company. The endless stories (as far back as 1 year) of 'a' second HWM'er, the countless re-assurances, the continuous delays, the never-arriving parts, and now the the perpetual component failures.

And then there is the initial off-take agreement. Long expired I think - yet we have heard nothing about the new one ? If there is one ?

Dividends - yeah right ! Remember those promises ?

Had enough of the useless Roast podcasts ! (whoever runs PR should have been fired a long time ago).

Would appreciate a real update. A real RNS. Some real progress.

Need a proper business update from the company! The HWM'er seems never to arrive / repair / start operations (been about 1 year so far!). No idea what the company has been doing (performance) recently. Investor interest fading rapidly. Volumes dried up completely.

Where has the volume gone ? £20-30k of volume per day ??

HiVolA breaks $300 - at $304/tonne. HiVol B at $288. Nice move.

HIVOL B crawling back …. $275 now. Hopefully see further strength in new year. Perfect timing for doubling production with the new HWMer.

Great message Pen. Next year should be good.

Hivol B edging its way up. Near the $260 level again.

https://us06web.zoom.us/webinar/register/WN_uuIUcM8ITLud2fSHF1M2xg

When you have a mortgage on your house - The house remains yours. The bank cannot just take it away - UNLESS you default. There is NOTHING to suggest that there is an event of default. Its normal for a company to borrow against its assets.

jemgee - not sure thats correct. MBU is a private company that is leveraging ITS ASSETS. And why wouldn't they? The risk would be if the leverage was high - and we have no way of knowing.

Its normal practice for a company to take leverage - and its normal practice for them to offer security. The question is how long does MBU have, what is the loan amount, and is there a risk of default ? BS cannot just take the collateral (shares) and sell down unless there is a default. This is a non-event in my opinion (?) as this is normal course of business.

This not new news though ? The debenture was registered a long time ago. And will not be enforced until the debt is in default. How long is the debt ? Do we know ?

Rak - The big holders remain committed I believe. No selling from any of those. Most big holders (who have been in from the start or close to that) will now just wait until production is regularised - and dividends start getting paid.

Take a look at Thungela resources. Came to market at £1.50 - paid dividends close to the IPO price - and are now trading at £14.00!

The 2,500 / day is single shift. On double shift - 5k/day = 3.1k clean.
If they mine 25 days (?) = 77..5k per month. Easily over 80K /month with the underground mining.
And that's with 1 highwall miner.

Remain confident that once the company has stabilised production - this will do much better. Timing ? - Not really bothered.
Met coal pricing on the rise also.
Volume remains very small so am not concerned about sp.