Mwana Africa Share Discussion Threads

[trevorm2] 27/8/2015 10:57

Buyers starting to return.

[thecynical1] 25/8/2015 15:05

The reference to malachite in connection with the Mwombe area is interesting......funny that they didn't expand on that comment given that malachite is a possible indicator for the presence of copper.......I wonder..........

[thecynical1] 25/8/2015 14:56

Caedwalla.....not knocking but c1 costs don't mean much imo - C3 is real measure of whether they are making progress or not imo. I wish they would get their finger our in the DRC - decent news there and this would imo be in a much better position..........

[gfrae] 25/8/2015 14:05

I agree.
I meant to say I didn't agree with the last sentence of your previous comment.

[caedwalla] 25/8/2015 12:24

gfrae - fair enough, but even taking the on-off payment into account the figures are good. Higher grades, higher production etc, c1 costs at $930. And, btw, why was a payment to a Bindura fund included in FR costs in the first place? Very odd.

[gfrae] 25/8/2015 10:49

I would'nt agree with your last comment Caedwalla.
Costs are lower this time because last quarter contained a one off $1.5m payment to an employee trust (See figs). So,conveniently, this quarter looks good in comparison.

[caedwalla] 25/8/2015 10:18

Excellent progress at Freda Rebecca - 20% increase in production, 24% decrease in c3 costs. Nickel situation is bad but looks worse than it really is as temporary production issues have coincided with the low prices. So far so good as far as the new board is concerned.

[alchemy30] 25/8/2015 10:09

Few buys this morning, ticking up

[gfrae] 25/8/2015 09:00

Actually,the figures don't look too bad with gross income of about $5m for the quarter.
If it had not been for Dearing the shares would now,no doubt,be a lot higher.

[juju44] 25/8/2015 08:43

yep , blue soon . I am a buyer from here

[casabella2] 25/8/2015 08:42

I think all the bad news is factored into the current share price Can only see this heading north from here.

[kenone] 25/8/2015 08:18

All miners profits are significantly down. Look at BHP Billiton this morning.
I think new man does seem to have a better handle on keeping costs under control and as long as we have enough cash to keep going through the current dip in commodity prices, which it would appear we have, then we should see a turnaround in share price sometime this year or next. If you are long, which I am, there is absolutely no point in selling at at these prices.

[redtrend] 25/8/2015 07:56

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

[gwr7] 25/8/2015 07:55

apfindlay has proved before he's an imbecile. Has done it again today with his brain dead gold analysis.

[juju44] 25/8/2015 07:51

Looks like trend in efficiency is improving. Kalaa never could manage

[trevorm2] 25/8/2015 07:49

Someones not just awake yet. Gold c3 costs below gold price by about $100.

[apfindley] 25/8/2015 07:35

That's not better, it's worse Those are dire figures.Gold sale price lower, nickel sale price plummeted during the year too.Nickel production down significantly.All in sustaining costs of gold are over $100 higher for every ounce than the gold sale price On 16,000+ ounces, that's a loss of at least $1.6million just on the gold costing more to produce than what they're selling it for.I'm not even going to try working out the loss on nickel.Disastrous figures, and with no Kalaa anymore it's not looking very clever here.

[trevorm2] 25/8/2015 07:17

Thats a better quarterly update.

[taxibabe] 24/8/2015 08:37

on the low now juju44 back to the bottom of the range

[juju44] 21/8/2015 14:29

world has been awash with nickel stock the past couple of years so price drop not helpful here. I will wait to replace what i sold at Nomad fiasco

[mreasygoing] 21/8/2015 11:59

Patience is needed. Wait for commodities to turn. The whole sector is on its knees. That is the time to be dipping your toe in.

[gfrae] 21/8/2015 09:48

Cost of Dearing and his 5% followers increases,he has halved the market cap now !