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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mwana | MWA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.85 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.85 | 0.85 |
| Top Posts |
|---|
Posted at 30/9/2015 12:58 by gfrae Looks like they are well advised and taking it over in stages at successively lower prices. This way they are meeting little or no opposition and have even managed to raise a bit of money in the process from gullible shareholders.. A few investors it appears even support them.Perversely,100 % indigenisation might he in our favour (I still own a few). Mugabe might pay us more than Ning ! |
Posted at 30/9/2015 11:54 by gfrae Apparently "ASA" means "gift from God" in Chinese. "Stolen" would be a more appropriate new name.The chairman nor any of the NEDs bothered to turn up for the AGM . This company has been handed to it's majority shareholders with the help of Dearing,some very stupid investors and some clever advisers. Cantor Fitzgerald,and the NEDs must be fully aware of what Ning is up to and have aided and abetted him. I suspect those who have not yet sold,or those that recently bought will be put out of their misery with an open offer from Ning at about 0.1p per share. |
Posted at 21/9/2015 10:35 by gwr7 WStirrup19 Sep'15 - 00:53 - 7650 of 7655 GWR, given that I could buy at market below the offer price - NO. I wonder at your reason for ducking the open offer Mr Stirrup. For me, the point is that if you buy through the offer the proceeds go direct to the company, principally for restart of the diamond mine, whereas if you bought through the market (when there was only a small discount) there was no benefit to the company as the proceeds went to the seller of your shares and the middle man. If you're a holder you're shooting yourself in the foot buying from the market instead of the company. Mwana has had a second rate investor base for years. It's understandable given the country of operation and past management. The Chinese are simply filling the gap with help from weak investors. |
Posted at 11/9/2015 09:24 by gfrae Chinese companies on AIM have an appalling reputation of stitching up their investors. There are many examples.Of course this one might be different ? Fundamentals are probably academic here. |
Posted at 10/9/2015 09:52 by gfrae It depends on how you think the Chinese majority shareholders intend to treat other investors. |
Posted at 02/9/2015 12:38 by tightfist GWR7,Surely the share price trajectory has more to do with it surely becoming effectively a Chinese company? We know that Ning and CIMGC have currently sold-down their holdings, presumably to "unrelated" Chinese parties, of whom a Mr Feng appears to be one. The next turn of the screw is that they all make successful Excess Applications, etc etc. At some point it will presumuably get de-listed and effectively become valueless to British investors? |
Posted at 23/7/2015 23:32 by taxibabe i dont think anyone is going to get back in asmodeus. To start with the price will be very much up on todays close locking people out. Then the whole thing leaves a sour taste for investors and brings out all sorts of questions about the competence of the board and corporate governance. Others have raised concerns about a single shareholder from china owning 30% - possibly a lot more. This could get taken private for a nominal sum anytime he wants to do it. Add to that the trend in the metal markets that look like they are falling off a cliff. I dont think many will risk this with their pension pots. |
Posted at 02/7/2015 18:00 by gfrae Red,do you really think that it is credible that:a) The private investors and their advisers were not aware of the consequences if their motion were to succeed? b)That he had not been in touch directly or indirectly with the Chinese investors? Do we know who was paying Dearing ? He must now be sitting on losses,unless someone was underwriting him,and have some very angry clients ? His "success" has so far cost Mwana shareholders 40% of their holding or £12m in paper and or realised losses.Arguably, a lot more as the shares have been held back while awaiting the outcome of the EGM. |
Posted at 02/7/2015 16:40 by redtrend Gfrae - if you look at boards like this, unfortunately many PIs appeared to agree with the resolutions, although I was not one of them. The professionally written brochure that many of us received from the requisitionners played down the threats, stated that they had not been in contact with the major Chinese investors (so didn't know which way they would vote) and made no mention of ousting Mpinga (although this should have been an obvious outcome for anyone voting for the resolutions).With 5.1% from the requisitionners and the 30% from Chinese investors, it wouldn't have taken much to tip it over. I completely agree with your sentiment that the EGM was illogical and don't understand why anyone would have voted for them though. |
Posted at 06/5/2015 17:41 by wstirrup In my humble view (FWIW) this smacks of a clandestine operation to get control of the business, via unorthodox means.Imagine a scenario... It's 20th October 2015, the IMF meets, and formally announces the creation of SDRs. (Special Drawing Rights) These SDRs WILL include Chinese Yuan/Renminbi in the basket of currencies held in reserve. Dollar falls precipitously - all other currencies rise in relation to $s. Gold makes a BOLD move north to let's say circa $1500 (for round numbers) Several days later - 25th, China announces it's Gold holdings (by my guesstimation/infere Gold makes a run North - this time to $2,000. Gold on the Shanghai exchange, priced in Yuan, is now Ɏ10,000/toz (Yuan has strengthened to the dollar - $1:Ɏ5...from its current ~6.5. WTI and Brent-Crude Oil rises, priced in dollars exceeds $100 for first time this year. Gold Buying now by several Central Banks, and others on open markets as inflation rocks markets, and major falls in most Stock Markets. Gold Price moves towards $3,000,/Ɏ15,000 over next few trading days... Dollar falls further - $1:Ɏ4, £1/$2.00... Gold is being chased up by markets as short covering causes meltdown for some Big Hedge Funds. Stock Markets worldwide fall circa 20% - Electronic Trading Brakes applied - markets close for stability's sake. Forex markets are all over the place - Swiss Franc climbs to new high on international markets - €1.0/0.50 CHF Chinese population now with stronger currency (and most have some gold) begin buying up stock markets around the world, and PMs in particular... Believe it or not, Indian Rupee strengthens somewhat too. (Italy, Spain, Greece, Portugal and Ireland have interest rates circa 8% as the Euro gyrates. and they seek help from Eurozone/Troika) Germany decides it is better off out of the Eurozone, as ECB attempts rescue of €... In the meantime, our oriental investor has sold almost half his 29% to another Chinese owned institution, who stake builds between now and then to 29.9%, Our existing investor also buys on the open market and gets back to circa 22% Now these oriental investors between them, own 51% of the stock held outside Zim Gov't hands. Mr Mugabe gets a new road built by Chinese contractors, and a nice fat retirement account. MUgabe's selected heir takes over as Zim leader, and our Chinese investors take control by stealth. Flight of Fancy? Dream? Paranoia? Now this is a pure fanatasy, I hear you all saying. BUT, the Chinese have been going around the world, buying Gold Miners, and sending the output back to China at $/spot prices. How many companies have they bought? DOZENS... WHY? Because they want to protect their $1.4 trillion in reserves, and Gold is the only safe hedge. And in a world where Gold resumes its place as THE reserve currency/money for International Trade purposes, another undervalued junior with large reserves would make an enviable addition, especially as those Western Bankers/Governments just don't want Gold... But they soon will, and then China will be in the driving seat. Now isn't that a nice story? ;¬) Pure fiction... Or is it? W. |
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