ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MWA Mwana

0.85
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mwana LSE:MWA London Ordinary Share GB00B0GN3470 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.85 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.85 GBX

Mwana Africa (MWA) Latest News

Real-Time news about Mwana (London Stock Exchange): 0 recent articles

Mwana Africa (MWA) Discussions and Chat

Mwana Africa (MWA) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Mwana Africa (MWA) Top Chat Posts

Top Posts
Posted at 03/9/2015 14:22 by trevorm2
Why not sell the diamond mine rather than try to raise money. Share price now below the offer price. I think they knew this would happen. This seems to be the first time that all shareholders have had chance to buy in and not just the big boys. From history the share price usually comes declines afterwards. What a lot of money has been wasted on this but there is great assets here. Can mwana ever get it together? Watching for the moment. GLA
Posted at 28/8/2015 19:01 by caedwalla
Never a dull moment on the MWA board!

Mwana Africa PLC announces that Mark Wellesley-Wood, non-executive director of the Company, has today given notice that he will retire from his position on the Board of Directors with effect from the conclusion of the forthcoming annual general meeting on 29 September 2015.

The Mwana Board has expressed its considerable gratitude to Mr Wellesley-Wood for all his work on behalf of the Company during what has been a challenging period of transition.

Executive Chairman Yat Hoi Ning, announcing the resignation, commented: “It is with deep regret that we received the news of Mark’s intention to resign from the Board of Mwana. Mark has provided unstinting guidance and support to the Company during the transitional phase following the changes in the directorate arising from the Extraordinary General Meeting in June. Our Board of Directors values the input and guidance he provided on a wide range of governance and operational matters. On behalf of the Board of Directors and the entire Company, I should like to express our sincere gratitude to Mark for all his services in recent months, and to acknowledge his invaluable contribution to the Company during this time. Moving forward, Mark has generously agreed to continue to support the Company in a consultative capacity, and we will discuss the details of his continued support in the coming weeks.”
Posted at 25/8/2015 07:56 by redtrend
How are you working out that All in sustaining costs are $100 more than sale price? The average Gold price received was US$1,186/oz, compared to US$1,093/oz all in costs.

As for Nickel the results are indeed bad but we all knew that would be the case with current spot price and is reflected in the share price. Whether it's Kalaa or new management makes no difference.

If they can they need to put an acceleration plan in place for the smelter restart (unless they physically can't due to lead times of equipment etc.). May cost more in the short run, but far less medium to long term when they can produce nickel far cheaper per tonne. In extreme situation it would also make Mwana far more marketable/ valuable for a takeover bid
Posted at 25/7/2015 20:01 by mreasygoing
Well Well, they found a new Nominated Advisor and announce it at the last minute; after many will have sold all or part of their holding. What a caring company who really values shareholders. Don't you think ?

Juju, for what its worth you did the right thing by selling, unless you're a gambler who likes to play Russian Roulette ?

With copper and gold prices getting murdered at the moment, a big rally in the share price seems hard to see, but the chart looks like its forming a base, so its not clear.

I'm tempted to buy back 10% of my original holding and leave it. If this is the bottom and gold and copper/nickel do turn the corner then it could be a good buy.

But how much cash is left if the company is suffering with low commodity prices ?

Results end of the month, lol. If the share prices rallies strongly off the back of them, I'm sure there will be a few people just a little bit angry !
Posted at 29/6/2015 15:00 by gfrae
As somebody above said the results of voting for Dearing's motion,ie the resignation of the nomad and collapsing share price, were inevitable, who would have voted for Dearing?
Presumably,only those for whom a lower share price is beneficial.
Own up!
Posted at 29/6/2015 10:10 by redtrend
How would Ning be getting his money back the "fast way" by asset stripping and selling at a loss at the equivalent of this low share price?

It only makes sense if they are playing the long game and planning to mop up shares on the cheap prior and during a delisting in the resultant panic, to become the majority shareholder, offering remaining shareholders who held out a "fair price" for the remainder (of which I'm sure their would be lawsuits as it would not be a fair price) and then flipping the company/ assets at a later date once the smelter is complete to the highest bidder.

For now this talk of purposeful delisting is just speculation, but shareholders need an update from the new management on NOMAD and potential new CEOs asap if they really do have a legitimate plan.

Nickel at $12K/ton and Greece issue will not help share price in short term on top of threat of delisting.
Posted at 10/6/2015 12:42 by redtrend
Under the terms of the Agreement between Mwana and its major shareholder CIMGC, is Ning even allowed to hold an Executive role in any capacity - is the current situation legal?

The Mwana share price is in the doldrums predominantly because of the ongoing political uncertainty in Zimbabwe and the depressed gold and nickel prices. How will a board change solve these two issues? If anything now Mwana has lost Mpinga and the two Zimbabwean board members, the Mwana board's experience and ability to deal with the turbulent politics in Zimbabwe and DRC is now severely weakened... Very short-sighted in my view.
Posted at 30/4/2015 12:45 by rootsman1
Are we still waiting for Mugabe to die before a decent MWA share price rise?
Posted at 03/4/2015 20:14 by lucky punter
Mr Easy I think this has quite a long way to go before the full extent of the current situation is reflected in the MWA share price.
Posted at 26/2/2015 14:06 by mreasygoing
Juju you'll do well to remember that Most on here are long term holders, none of us are going to sell at the bottom of a commodities cycle or the bottom of MWA share price. So stick your poison where the sun don't shine.
Mwana Africa share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock