MC MINING LIMITED Rule 5.5
Appendix 5B
For personal use only
Mining exploration entity or oil and gas exploration entity quarterly cash flow report
Name of entity MC Mining Limited ABN 98 008 905 388
Quarter ended ("current quarter") 31 March 2022
Consolidated statement of cash flows | Current quarter $USD'000 | Year to date (nine months) $USD'000 |
| 6,769 - (4,007) (439) (1,493) - (14) - | 25,812 - (18,488) (1,338) (3,627) - (74) - |
816 | 2,285 |
2.
Cash flows from investing activities
2.1
Payments to acquire or for:
(a) entities
(b) tenements
(c) property, plant and equipment
(d) exploration & evaluation
(e) investments
(f) other non-current assets
(2,643)
(3,212)
(1) (98)
(7) (283)
ASX Listing Rules Appendix 5B (17/07/20)
+ See chapter 19 of the ASX Listing Rules for defined terms.
Page 1
For personal use only
Consolidated statement of cash flows | Current quarter $USD'000 | Year to date (nine months) $USD'000 |
| - - - | - - - |
(2,742) | (3,502) |
| - 4,573(1) (99) (1,449)(2) | - 4,573 (2,423) (913) |
3,025 | 1,237 |
4. Net increase / (decrease) in cash and cash equivalents for the period | ||
| 1,865 816 (2,742) 3,025 | 3,230 2,285 (3,502) 1,237 |
ASX Listing Rules Appendix 5B (17/07/20)
Page 2
+ See chapter 19 of the ASX Listing Rules for defined terms.
For personal use only
Consolidated statement of cash flows | Current quarter $USD'000 | Year to date (nine months) $USD'000 |
| (10) | (296) |
2,954 | 2,954 |
5. Reconciliation of cash and cash equivalents at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts | Current quarter $USD'000 | Previous quarter $USD'000 |
| 4,625 38 (1,709) | 1,910 35 (80) |
2,954 | 1,865 |
(1)Senosi Group Investment Holdings (Pty) Ltd paid $USD3.0 million in terms of a Convertible Advance and Subscription Agreement. This loan was converted to equity in April 2022 with the issue of 38,363,909 ordinary MC Mining shares.
(2)*$USD1.4m relates to increased debtor balances at the Uitkomst Colliery.
6. Payments to related parties of the entity and their associates | Current quarter $USD'000 |
Note: if any amounts are shown in items 6.1 or 6.2, your quarterly activity report must include a description of, and an explanation for, such payments. |
ASX Listing Rules Appendix 5B (17/07/20)
Page 3
+ See chapter 19 of the ASX Listing Rules for defined terms.
7. Financing facilities
Note: the term "facility' includes all forms of financing
arrangements available to the entity.
Add notes as necessary for an understanding of the
sources of finance available to the entity.
Total facility amount at quarter end $USD'000
Amount drawn at quarter end $USD'000
For personal use only
7.1 Loan facilities
10,944
10,944
7.2 Credit standby arrangements
-
-
7.3 Other (please specify)
1,709
1,709
7.4 Total financing facilities
12,653
12,653
7.5 Unused financing facilities available at quarter end
-
7.6 Include in the box below a description of each facility above, including the lender, interest rate, maturity date and whether it is secured or unsecured. If any additional financingfacilities have been entered into or are proposed to be entered into after quarter end, include a note providing details of those facilities as well.
All facilities are ZAR denominated and are repayable in South African Rand (ZAR)
7.1 Loan Facilities $USD10.9 million:
Lender: Industrial Development Corporation of South Africa (IDC).
Maturity date: 30 November 2022 (note). In the case of an un-remedied default, the debt is convertible into shares
Interest rate: accrues at a real after-tax rate of return of 16% on the amount advanced. Security: Unsecured
7.3 Other $USD2.3 million: Lender: ABSA Group Limited
a) $USD 1.7 million overdraft facility
b) $USD 0.6 million finance leases
Maturity Date
a) Reviewed annually; $USD0.3 million repayable in three, monthly instalments commencing 30 April 2022
b) Various dates
Interest Rate:
a) | Floating rate: South African Prime plus 3% |
b) | Floating rate: South African Prime less 0.5% to South African Prime plus 2.75% |
Security | |
a) | Receivables and a general mortgage bond over assets |
b) | Underlying leased assets |
ASX Listing Rules Appendix 5B (17/07/20)
Page 4
+ See chapter 19 of the ASX Listing Rules for defined terms.
For personal use only
8. Estimated cash available for future operating activities | $USD'000 |
8.1 8.2 Net cash from / (used in) operating activities (item 1.9) (Payments for exploration & evaluation classified as investing 816 (1) activities) (item 2.1(d)) 8.3 8.4 8.5 8.6 Total relevant outgoings (item 8.1 + item 8.2) Cash and cash equivalents at quarter end (item 4.6) Unused finance facilities available at quarter end (item 7.5) Total available funding (item 8.4 + item 8.5) 815 2,968 - 3,783 8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) N/A Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as "N/A". Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7. 8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions: 8.8.1 Does the entity expect that it will continue to have the current level of net operating cash flows for the time being and, if not, why not? Answer: 8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful? Answer: 8.8.3 Does the entity expect to be able to continue its operations and to meet its business objectives and, if so, on what basis? Answer: Note: where item 8.7 is less than 2 quarters, all of questions 8.8.1, 8.8.2 and 8.8.3 above must be answered. |
Compliance statement
1 | This statement has been prepared in accordance with accounting standards and policies which |
comply with Listing Rule 19.11A. | |
2 | This statement gives a true and fair view of the matters disclosed. |
Date: | ............ 29 April 2022 ....................................................................... |
Authorised by: .......... By the Board .........................................................................
(Name of body or officer authorising release - see note 4)
ASX Listing Rules Appendix 5B (17/07/20)
Page 5
+ See chapter 19 of the ASX Listing Rules for defined terms.
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MC Mining Limited published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 07:31:03 UTC.
