Anyone watching the explosive performance
Here's a comment on another board


TRAINSPOTTER - 20 May'08 - 21:18 - 35 of 56


should MDM convert potential projects Kariba, Ezulwini, Kalagadi, Algeria Gold and Lily Mine into actual projects then the forecast EPS for FY 09 is around 100p. At current prices that's a forecast per of, well work it out for yourselves! Zero leverage as well.

Average sector per stands around 15-20. With MDM forecast to grow earnings by triple digit %'s into 09 and 2010 the scope for further price appreciation is excellent. ON a per of 10 for 2009 should be between 500-1000p assuming 10 for best case scenario of all above project secured.

TS

"

nobody here! dont miss the train!

HMM not bad !!

MDM Engineering International Limited (MDM Engineering) is a metallurgical engineering company which was established in February 2006. MDM Engineering undertakes mineral resources projects of varying size and concentrates on the gold, base metals, industrial metals and diamond sectors. The company offers a range of services from project evaluation and the design and construction of plants to project management.

I had the impression yesterday that the rise was a little overdone as from 10am sp didn't move. Lets see how far it retraces befor it starts to gather more momentum.

certainly a terrific performance so far, but be aware that cap is only about 86m and NMS (actually now called EMS) 2000

With eps possibly being upgraded to 95p (Edison website if feas studies goto work) then you work out the PE! only about 2, put this on a PE of 10 and youre looking at 10. At least. dunno know if we get there but lets see.

http://www.mdm-engineering.com/im/files/fs/mdm_fs_feb08.pdf

company fact sheet for those interested.

i like the bottom bit 'currently involved in projects valuing in excess of $1.4b'
and 'considering international listing to raise $10m'

very interesting company

thanks r8, do you have a target in mind for this fast growing company?

Anything more than 230p!! LOL
No seriously I am hoping to top slice in next 6 months.

I've got on board for a few this morning ...should be an interesting ride !

I am quite surprised with sp at the moment it won't budge despite 3 days of mostly buys. Surely it must be ready to move very shortly.

This from y'day...looks good to me...

MDM ENGINEERING GROUP LIMITED
("MDM Engineering" or the "Group")
INTERIM RESULTS

MDM Engineering Group Limited (AIM:MDM) is pleased to announce its unaudited interim
results for the six months ended 30 September 2008.
MDM Engineering is an African-focused engineering and project management company which
provides a range of value added services to the
mining industry, including project evaluation, process engineering, design and project
management,.

Highlights

Financial
* Revenue of US$17.33 million (2007: US $4.47m)
* Gross profit of US$8.85 million (2007: US $2.80m)
* Profit before taxation of US$6.81 million (2007: US $2.24m)
* Cash and cash equivalents of US$13.76 million (2007: US $1.98m)
* Basic earnings per share of US 13.16 cents per share (2007: US 7.13 cents)
* Interim dividend of US 3.75 cents (2007 US 4.00 cents for the 16 month ended 31
March 2008)
* Strong balance sheet with no gearing
* Dividend cover of 3.47 times

Operational
* Project value under current execution at period end of US$210 million
* Continued focus on cost containment and improvement in operational efficiencies
* Software and systems upgraded to ensure state of the art engineering processes
* Carefully directed marketing and business development initiative resulting in a
number of new opportunities to expand the order
book in 2009

Just dipped my toes hoping that the bottom has been reached (or is at least nearby). Anyone still in?

Welcome aboard... Yep... still in !...hoping for the best!... I got in @ 2.27 last June so very disappointed... but there's been nothing but good news released from the company so I still believe it'll come good! (may even buy a few more at this level)

Well here's hoping! I'm disappointed that they've already slipped 5p since I bought them but as you say - lot's of good news so fingers crossed.

Nice rise today - anyone know why?

oversold I reckon,,,fundamentals are good !

SP continuing to strengthen... perhaps there's good news to come on contracts/deals etc. ?

Let's hope so!

Up again today :-)

Nice RNS this morning... 150p def on the cards soon...

12th June 2009

MDM Engineering Group Limited

('MDM Engineering' or the 'Company')

NEXT PHASE OF KALAGADI MANGANESE PROJECT

MDM Engineering Group Limited (AIM:MDM) is pleased to announce that it has commenced work on the Front-End Engineering and Design ('FEED') phase of the Kalagadi Manganese (Proprietary) Limited's ('Kalagadi Manganese') Umtu Sinter Plant project at Hotazel, South Africa. The Company is also currently engaging with Kalagadi on various other matters.

To date MDM Engineering has completed a Bankable Feasibility Study (BFS) for Kalagadi Manganese, and the FEED project represents a continuation of that process, which will incorporate a Control Budget Estimate (CBE) in order to take advantage of the current environment of weaker commodity prices. The BFS completed during 2008 had a value of ZAR 3.5 Billion.

MDM Engineering's Chief Executive Grant Lowman commented:

'This is a significant step forward in the development of the Kalagadi Manganese project. We look forward to assisting Kalagadi Manganese with the development of this major project which will be the first BEE (black economic empowerment) grass roots mining project developed and controlled by women in South Africa.'