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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 22/9/2015 20:44 by mreasygoing Thanks WS. Interesting article.The mining sector is certainly getting trashed, capitulation can't be far off (Although one final wave down looks likely). Hopefully MWA will be one of the survivors and can benefit from the eventual upturn in commodities. |
Posted at 17/9/2015 19:07 by wstirrup Toyed with topping up at the recent low, but no available funds in my account, due to taking some profits off the table on my platinum miner, and withdrawing all my free funds to pay some expenses.They were bought at 1.3p, and went up to 3.7 before selling and the price rallied further to 4.25p (circa) and has now fallen back. (like MWA) The explorer/producer PM space to my mind is at interim lows due to the 4yr downturn in the metals prices, but the fund raising was done according to them, to expand potential - to my mind this means taking advantage of other distressed companies, which may provide additional resources/reserves in the coming months. Doesn't anyone think, that raising some working capital or capital to improve operations, or to buy assets is not a bad idea? I of course remain skeptical about future PM prices in the short term, - some accounts of shortages and premiums rising, but no Force Majeure - (at least that I've seen published) physical replaced for Fiat yet. Though I feel we will see some price rises in the medium term, as the SGE takes over. (Bill Holter talked of some contracts that were made for August delivery, that were "Still on the board" but had disappeared prompting a call to the CFTC to query.... So maybe that is still an ongoing investigation. I'm also not sure base commodities will rise soon either, unless we see improvements in the Chinese and American economies but Dr Yellen, might have different ideas. Still long, though. And at this price tempting. [Edit:] No rate rise either - yet... W. |
Posted at 16/9/2015 16:30 by freddie ferret HiA brief comment concerning the history of another company with a slightly dodgy management. This was Epay Asia EPY. This company had a rights issue at 10c a share which was largely ignored by the PIs, but was underwritten by the Chairman Ceo (Australian listing at this time incidentally). The Chairman had around 35% from memory before the rights issue but 62% after. His little whease was good, a few months later he declared an extraordinary dividend of 9c a share. The company was eventually sold on for 80c a share (if my memory serves me right). |
Posted at 14/9/2015 19:36 by juju44 If they wanted to delist they could have easily worked it when the Nomad was in question. So they do not want to delist. When yanks stop their fraud in PM's and gold takes of so will MWA |
Posted at 06/9/2015 20:28 by gfrae Interesting,Caedwala that your Indy article says that Ning already has 29 % of Mwa shares,which I assume to be true,rather than the amount in the latest document. |
Posted at 04/9/2015 15:57 by caedwalla On the other hand, just to balance some of the doomsters, the Chinese have just declined to take advantage of a prime opportunity to delist. My guess re Mr Ning is that he had to substantially reduce his holding when he became CE to comply with the legal agreement signed when he first bought in to MWA. |
Posted at 04/9/2015 14:50 by gfrae A de-listed,company would trade at whatever price someone is prepared to pay. In the case of Mwa, I would think 0 plus 5% at the most.It appears that the directors elaborate and well planned strategy,dating from at least last year's AGM is working like clockwork. All of course facilitated by dodgy Non Execs and the Northern ambulance chaser, plus his badly advised (or stupid)supporters. |
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 26/7/2015 04:28 by wstirrup Whilst I feel sorry for those who sold all or most of their holdings, sometimes not being "over-invested" in one company, sector, industry or country is sage advice.I feel the wise decision now is to watch from the sidelines, and perhaps watch for political shenenigans in Zimbabwe. As I've previously stated, I felt MWA had in Mpinga, a Black African, who fitted Mugabe's ideal of local (African) control over its resources. China's involvement, may be less repulsive than WASPish Britain, or America, but not by much. Mugabe, and Kasukwere (his boy wonder politician mooted by some to be a potential future President) may get a little more intense over Black control of business there. On a PM note, there are now many commentators predicting the SHTF moment sometime soon - (September/October) starting with a bond collapse, toxic national debts - first Europe-via-Greece/Pu The rush for the exits will temporarily mean the prettiest pig syndrome, i.e. mean: initially the dollar will be port of call raising the dollar against other currencies - Gold/Silver being polar opposites, so suffering. Gold down to below $1,000? Silver in all likelihood will follow suit. Is MWA out of the woods? Nope. Is the potential upside HUGE? - Yep. Are there likely massive swings between now and then? You bet. Keep some powder dry, and add on dips in smallish tranches. IMHO/DYOR etc W. |
Posted at 21/7/2015 14:39 by taxibabe Jacks13 If I told you I was in discussions with my granny sally to buy up MWA for its true asset value, i.e. circa 20p, you would probably believe it. What discussion can there be, the company needs a nomad to retain access to the market and finance and for credibility, and to provide an exit route for shareholders. Unless your seriously suggesting that MWA are conducting a beauty parade of several NOMADS? |
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