Mwana Africa Share Discussion Threads

[gwr7] 10/12/2014 21:36

I would put that in the wishful thinking category with many other posts on here. The faith in Mpinga is touching but once again he has over-promised and under-delivered.

[bigdazzler] 10/12/2014 21:17

To be fair I'd be bloody surprised if it regained most of its losses tomorrow.

[mreasygoing] 10/12/2014 21:04

I'm not selling any. When we get a strong rally in gold and nickel which has to happen at some point, even these guys have to benefit. Having looked through the figures today the sell off looks overdone, I wouldn't be surprised if it reclaims most of those losses tomorrow.

[lucky punter] 10/12/2014 17:49

There is plenty of opportunity in the chart. The only mug punters are those that sell out on days like today at the bottom of the range for the day. The chart is full of resilience historically. The company is well placed to move forwards but for those that want a quick profit they are reliant upon others being losers. That is the way it is for every winner we need a loser if the chart is to return to previous levels.
Some are quick to write things off. Good luck at the building society.

[lucky punter] 10/12/2014 17:27

All considered, the presentation viewed and the webcast digested this has been a ground making rather than ground breaking first six months. A refurbishment at Trojan and Freda Rebecca, volatile commodity prices and plenty of commercial challenges. The EBITDA up strongly at over £10m well on track.
The diamonds are looking good with diamonds held back from sale and 70% of costs covered on the limited sales. Plans to double the size of the project and go back underground.
Following various restarts and refurbs the business is quite finely balanced. Profit is modest still but against the cap is rather ridiculous.
MWA is leaner now and that will start to work on costs, recently Kalaa said $900 oz was achievable at Freda Rebecca. The corporate costs are fractionally over target and are very realistic at just $5m for the full year.
It will be interesting to see how the rains impact this year over the next few months. The next performance update is in January and there is all to play for in this rebirth of MWA. Kalaa is very keen that MWA walk before they run and this process is frustrating but necessary.
In the meantime the share price will duck and dive as will holders. My mid-term target is 5m shares.
Kalaa and co will be buying over the festive period now the H1 performance is disclosed.
Interesting times and interesting opportunities for those who want to be in the game.

[asturius101] 10/12/2014 17:17

This is what happens when you listen to those Twitter tipsters...

[casabella2] 10/12/2014 16:34

Results only steady but i think the share price drop is a bit over done.

[wstirrup] 10/12/2014 16:11

Some of the hidden costs, might be in keeping Mugabe's cronies on-side...

Or we could have a new mines minister breathing down on us, with a wonderful indigenisation tack...

It's been a long time coming, but finally some light at the end of the tunnel... And as many here will testify, I'm not some Uber Gold bug...Or MWA devotee...

But after getting a cold shower at sub 3p, am now watching for a top-up price, I can rescue my paper-losses at.. .

Personally, I didn't expect them to get here at all... To be still surviving in a crackpot economy, with a nutter of a President, and Chinese investors, who want the gold and the company for their greater good.

I think it shows a certain amount of tenacity, and cunning.

If Gladys or whatever her name is takes over, we know R.G.B. will still be pulling the strings from poolside.

But with the recent firings, the scene is now a lot more like Brutus/Ceasar, circa 59A.D. (or was it B.C.?) No matter - Roman History class was a long time ago, and I haven't needed it since.

W.

[gwr7] 10/12/2014 15:35

As I said this morning it's usually a bad sign when Mwana mess about with RNS timings. Yesterday they wanted to paper over board infighting and today they didn't want to allow those entering the meeting time to study the results beforehand.

The last time they messed about with results it prompted a slide down to a penny and I expect the same to happen. They should have built up a cash buffer in the first half but instead they burnt cash and are taking on debt. That doesn't stand them in good stead for what is expected to be a poorer second half. I fully expect Mpinga's agreement with the Chinese will prove as watertight as a string vest and an expensive and damaging court case will follow. Personally i think the Chinese have a valid point about the chairman (who is also chairman of the audit committee) being a former executive director of the company auditor KPMG. Results like today's are bound to reduce confidence in the guy's independence (if there was any to begin with) and increase concerns about hidden Zimbabwe business costs.

[weegeordie] 10/12/2014 15:32

well it is a H&S - how low though?

[juju44] 10/12/2014 15:26

We left a gap at 1.9p on the way up so i reckon this will be filled before bottom is in

[juju44] 10/12/2014 15:15

Wow - reached my target already . Time to dust down the wallet and then look for buying point .

[juju44] 10/12/2014 14:29

always has been the problem here . So much potential with so little delivery. H&S in place with min downside about 2p - thats minimum.

[jxman] 10/12/2014 11:59

Will drift down over the next couple of months. If your interested in shorting now is a good time. Imhvo

[bad speculator] 10/12/2014 11:43

Yes $11.9M PBT in 6 months, so around £7.5M

[on target] 10/12/2014 11:39

It's in dollars for a start.

[bad speculator] 10/12/2014 11:38

So the profit before tax for 6 months is around £7.5M and the entire market cap is around £32M?Am I missing something bacause this looks very very undervalued. Also no debt to speak of before bond is issued. What were people expecting?

[mrwhits1] 10/12/2014 11:32

@jxman, that would be a great price to triple up on I'd say, bring on the short term 1p ask price mark please!

oh, and be a good chap and tell us when this will happen, so we can catch a little of the downside by way of a short old boy.....

dream on....

regards

[lucky punter] 10/12/2014 11:25

jxman I think you posted on the wrong board.

[jxman] 10/12/2014 11:22

Get out now. This will drift to 1p. Imhvo

[bigdazzler] 10/12/2014 11:18

Inboard fighting always a worry.

Talking in general never a good sign if too much power goes to the wrong hands. I know I start worrying about dilution for the benefit of others and a delisting at a knock down price.

Will have to look into it as I've stated many times before the fundamental side is not my strong point so at this stage don't know if a situation like the above could play out here?

[lucky punter] 10/12/2014 11:03

A quite enlightening webcast. The questions were quite revealing. Director buys are very likely, Kalaa says the share is grossly undervalued. Share buybacks; he says shareholders would be very unhappy to see the company buying back shares rather than spending money on the projects. Really I doubt many shareholders would be upset by a share buyback. Not small private investors anyway. I suspect he does not want to increase the power of the Chinese.

[on target] 10/12/2014 10:57

Yes it should be 0.37 cents. The detailed figures further down have the correct figure.