MCM 0.00% 14.0¢ mc mining limited

anyone watching, page-13

  1. 10,475 Posts.
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    Don't forget ArelorMittal (world's largest steel maker) bought a big chuck of the company and are waiting to buy more .

    It acquired a 14.9% holding of Coal of Africa (CZA) via tranche1.
    The 14.9% is reached when combined with the shares they already had. There is a 2nd tranche of shares, subject to foreign investment rules.

    Macarthur coal have announced talks have ended with 3rd party for a special transaction. They also said ArcelorMittal was not the party.
    ArcelorMittal acquired 14.9 % of the company in 2 crossings at $20 per share.

    Wheels within wheels. LOL


 
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