Mwana Africa Share Discussion Threads

[mrwhits1] 10/12/2014 10:49

so just correct me here if I'm wrong, they made eps of $0.37 i.e. 37c, which equates to approx 26p, is that right? because if it is then this trades on a forecast p/e under 1!

surely that cant be right, I've missed something haven't I, like they made 0.36c/share?

in the report the figure is

"First-half earnings per share $0.37" which I read as 37c, can't be right can it? surely it should read 0.37c?

Regards

[lucky punter] 10/12/2014 10:38

I cannot see why they are clowns, they are running a very successful company here. Clearly starting up on a shoe string is now costing but they will work through that.
Plenty of interest in the webcast giving a very clear picture of where these assets are going. There are challenges we all know that.

[bigdazzler] 10/12/2014 10:36

Oh dear for the longs. Looks like the price could start dipping well below the 2p mark.

[juju44] 10/12/2014 10:34

Looks like that H$S is going to play out new

[mreasygoing] 10/12/2014 10:33

Clowns is a very apt word.

[gwr7] 10/12/2014 10:31

It's particularly amusing that you said they could fund the smelter from cash flow. It looks to me as though cash is under pressure even after a supposedly bumper half year.

[lucky punter] 10/12/2014 10:31

Kalaa states that rehabilitation work has commenced at the smelter and the refinery.

Drilling complete at Katanga, first results early next year

That is from the webcast

[gwr7] 10/12/2014 10:29

Likewise lucky punter I don't trust you. The thing is you have produced 100 times more untrustworthy content on this board than anyone else. I guess that's the difference between us. Good luck with your 3 million shares ; )

[lucky punter] 10/12/2014 10:26

ucabwoo. How can the all-in gold costs be a concern they have been disclosed every quarter. They will be reducing in the future. Good luck elsewhere.

[lucky punter] 10/12/2014 10:25

GWR7 and neither do you. This is an anonymous board. You do not know who I am so why would you have any respect. I also do not respect or trust you or indeed any other poster.

[ucabwoo] 10/12/2014 10:21

Dissapointing. I have sold for now. I only gave it a quick read and will go through it in more detail tonight but the profit is about half what I was expecting (being generous). Particularly concerned about the all in gold costs although there may be a reason for this hidden in the report.

[mreasygoing] 10/12/2014 10:19

Africans and Chinese. Not a good mix. The AIM is a lovely place.

[gwr7] 10/12/2014 10:19

lmfao, you're right lucky punter, you don't warrant any respect.

[mg78] 10/12/2014 10:19

Yes.

Could have gone one of two ways today.

Looks like the market remains uninspired for now.

How cheap will they become again? This is now the question.

[lucky punter] 10/12/2014 10:13

I assume the capital investment in the refurbishment at Trojan and Freda must have eaten into the profit. I guess that will pay back in the second half but quite solid but dull really.

Typical selling on news

[juju44] 10/12/2014 10:11

Great assets management are serial disappointers

[casabella2] 10/12/2014 10:02

My thoughts also.Is that what we were getting so excited about.

[juju44] 10/12/2014 10:00

At first glance this wont set the world alight .Still watching that H&S forming

Lets hope they have something good to say now

[bump3r] 10/12/2014 09:42

If you read the circular on MWA website 3rd April 2012. It explains about the relationship agreement being devised to keep the Chinese at 'arms length'Its whether Nings shares rank the same as our ordinary shares when it comes to voting rights I'm not too clear on.

[lucky punter] 10/12/2014 09:24

At the AGM they were focused on the Nickel so that may well be where their interest lays. I wonder how it would work with two Chinese partners.

[tightfist] 10/12/2014 09:17

Clearly the Chinese want "something", the question is what? I am sure they will keep agitating (and get under Mpinga's skin) until their aim is achieved. I come back to my thought of a few months ago - would divesting to them the copper assets be a fair deal all round? Presumably the Court date has been created as a negotiating chip to speed things up!

[lucky punter] 10/12/2014 09:11

no respect required this is a public forum. The large shareholder made their point at the AGM and the board simply side-stepped them, that must have made Ning feel rather stupid. However the vote is irrelevant simply because even with the Chinese vote resolution 3 would have passed. This action is simply because Ning lost face and frankly made a fool of himself very publically. This is much about proving a point that Ning should have had a vote but he would not have won.

[gwr7] 10/12/2014 09:03

With respect lucky punter I don't see a large shareholder making vexatious moves against the company as irrelevant. I'm not convinced Mpinga's agreement as a means of blocking votes would stand up in court.

[mg78] 10/12/2014 08:44

I agree with that.