Member Info for SANDMAN99

https://www.miningmx.com/top-story/34107-mc-minings-makhado-project-at-centre-of-limpopo-land-bust-up/

Yesterday July 17th

https://mtlnewsjournal.com/mc-mining-ltd-mcm-l-shares-duck-85-12-lower-for-month/102557/

We are selling both Coking coal and Thermal coal.

Excuse my ignorance, but how are shares being traded on the JSE when they are suspended.

??????? Not Today. 52000

Cash flows from operating activities = a loss of 1.5 mil dollars. So much for the cash generator.

At present the Company�s shares are listed on three stock exchanges, the ASX, LSE and JSE, listings that arose from the Company�s history. Maintaining all three listings is unnecessarily costly and we shall consider whether this can be rationalised without adversely affecting our shareholders

There is LIte at the end of the tunnel. News coming soon.

unusually high volume on JSE

Markets bloodbath as Zwane shocks mining sector Cape Town – There was a bloodbath on the floor of South Africa’s markets on Thursday, after Mineral Resources Minister Mosebenzi Zwane announced a new stringent law that will force mining firms to restructure their ownership to ensure they have 30% black ownership within 12 months. The rand dived by almost 2% and mining firms saw about R30bn shaved off their combined market capitalisation, with the biggest losers being Sibanye (down 6.8%), Kumba Iron Ore (down 6.4%) and Assore (down 5.85%). Anglo American (down 5.81%) lost the most value as its market capitalisation is leagues above the rest, at R242.06bn.

I believe the plan to build a Makhado Lite plant is a very good idea. It means they will need a much smaller capex, they will be able to get into production sooner and can always expand at a later date to suit market needs. I hope they go ahead and do it.

CEO David Brown said the project now had the necessary mining right, water licence and environmental authorisation. The management could proceed to start fund raising in the second half of 2017 and finalise the marketing plan for the mine. The last updated estimate of capital costs for Makhado was $280m and the management was considering a "Makhado Lite" plan involving lower capex, a smaller production profile and quicker construction time, Brown said. The amended plan would still deliver significant returns for all involved but would make fundraising more manageable and deliver a marketing plan optimised to market demand. The original plan for Makhado released four years ago was to produce 2.3-million tonnes a year of hard coking coal and 3.2-million tonnes of thermal coal at steady state. Total capex was estimated at about $406m. Brown said CoAL had already secured tenure over two of the farms needed for surface rights. Two other large farms were needed, over which there were land claims. Benchmark coking coal prices were at $149.60/tonne at the end of last week while Richards Bay coal export prices were at $73.20/tonne.

JUNE 15th

Try the Dragons Den

Not bad they bought it one year ago for R150 million.

TEN MILLION DOLLAR INVESTMENT The Company entered into an agreement with an external party to raise $10 million via the issuance of new equity, which is subject to shareholder approval. The use of these funds is restricted until 31 March 2017. However if certain conditions precedent are not met by this date the funds can be used at the Company's discretion subsequent to receipt of shareholder approval, and become unrestricted.

The last good news of any significance was over a year ago (Vele WUL)

KEH going to make us wait even longer

Looks like everyone has finally given up hope. Including me.