Member Info for RG12345

The offer is in AUD so looks like a maximum of 12p.

"We anticipate that the outstanding Mopane Mining Right will be granted in the near future."

"We are very close to finalising the Makhado Phase 1 funding"

Stated twice in the annual report: "MC Mining is also in significantly advanced discussions with potential equity funders for the remaining balance of $9 million and we anticipate finalising the composite debt/equity funding process in H2 CY2020 with construction commencing
in Q1 CY2021."

It should pop 5p+ in a day when the environmental approval comes in.....

https://www.miningmx.com/top-story/43865-sa-coal-mining-investment-set-to-become-a-very-private-affair/

“I can tell you now not one cent of MC Mining’s market value is given to GSP,” said Brenda Berlin, interim CEO of MC Mining. Greater Soutpansberg Project is the firm’s blue sky prospect. Located in the Limpopo province, the collection of farms contains an estimated 1.7 billion tons of mineable resource, but it is pretty unlikely to see light of day.

.... These conditions will put more pressure on Government to step into the vacancy created by public money’s exodus from the market.

Vele, MC Mining’s mothballed thermal and metallurgical and thermal coal mine and plant in the Limpopo can only re-open if the government is able to marshal investment in the Musina-Makhada special economic zone (SEZ). But is that likely?

The SEZ needs catalysing with a new steel mill, an idea that seemed borderline preposterous when the Industrial Development Corporation (IDC) shelved those investment plans in 2017. You can’t say conditions on the home front have improved since then.

https://www.youtube.com/watch?v=iQb3jYu-tBU

Any mention on the call of the likelihood of the MMSEZ happening?

"significantly advanced discussions with potential EQUITY funders"..... I read that as = dilution........ hence share price down.....

https://www.greentechmedia.com/articles/read/as-extreme-weather-forces-coal-to-falter-where-will-resilience-come-from

We are also entering the time of year when nature influences prices.....

There is no way an industrialist based in South Africa invests so much money without reasonable insight into future financing. I think we should see strong progress going forwards.

Hi all, is there a good website to see market depth on the JSE listing?