We would love to hear your thoughts about our site and services, please take our survey here.
I will be waiting it out until the last minute. It seems the company have no intention of fighting or objecting.
So for the minnows like us, it seems pointless to try and fight off the sharks. Time to move on having taken
a huge loss.
I agree with Bozmo, Something is not right here, should be investigated. Although I am sure it won't be.
A very sad ending for the majority of us that did not sell out.
All the best to you all for a better future.
Here are some timelines given to us over the last 48 months regarding Makhado funding completion.
31 Jan 2022 - Funding expected to be completed H1 2022
30 Jun 2022 - Funding expected to be completed Q3 2022
31 Jan 2023 - Funding expected to be completed H1 2023
28 Apr 2023 - Funding expected to be completed Q3 2023
31 Jul 2023 - Funding expected to be completed Q3 2023
31 Oct 2023 - Funding expected to be completed H1 2024
I could go back further but you get the point.
How many more lies are going to be told, they just keep kicking the can.
i don't know who is bull****ting who, but there is no possible way a plant this size will be constructed and producing coal in 2024, i have been in mining engineering for 50 years and i know how long it takes for procurement, fabrication and construction. maybe h2 2025.
Https://www.moneyweb.co.za/mny_sens/mc-mining-limited-operations-and-trading-update/
I feel the threat of Delisting is very real, so if they manage to get 75% holding we are all in trouble. It seems the best we can hope for is between 16 & 20 Aussi cents per share, which, personally is a massive loss. I fear the worst.