Mwana Africa Share Discussion Threads

[tightfist] 12/12/2014 12:17

Oh dear, what a shame that this Board has got personal.

I just wish we could remain totally objective and unemotionally review the recent results and realistic prospects.

The price of Nickel and Gold will certainly undulate, but is there a reasonable prospect of MWA making good (and thus gaining a re-rating and AIM share price recognition) in a world where Zimbabwe is viewed with considerable scepticism?

[thecynical1] 12/12/2014 12:16

Bobby.....I was referring to lucky punter but whatever........

[thecynical1] 12/12/2014 12:16

Bobby.....I was referring to lucky punter but whatever........

[jxman] 12/12/2014 09:30

BE should be BS he's full of it !Bobby Ewing

[mreasygoing] 12/12/2014 09:20

Never good to see squabbling on a bb. I don't think this would be happening if the price was 5p now. I think things would be a lot rosier if we still run Africa. But you can't stop progress or regress as the case may be. You decide ?

[lucky punter] 12/12/2014 08:51

Ironic indeed. Enough said I think.

Nickel is showing some resilience this morning. Good profit margins to be had from Nickel at the moment.

[talkingtoplants] 12/12/2014 08:45

lp

Isn't it ironic that someone who criticises another's grammar, has his own at somewhere far less than perfect.

As for the spellliing!!

[thecynical1] 12/12/2014 08:41

lucky punter.....a poster who knows how to make friends and influence people.......the post regarding the level of education was a classic. ...what a total, utter and complete to&&er!

[lucky punter] 12/12/2014 08:17

Bobby I say again, filter me. Just to reduce your stress levels if nothing else. Lets just agree; I do not value your opinion and you may not value mine.
English is not my first language so if you are offended that is rather unfortunate.

[lucky punter] 12/12/2014 08:04

Maybe you had better filter me then. It may appear to be patronising but it is very true. I certainly think my industry and geological knowledge is better than the average. I was associated with the exploration industry for 15 years prior to my current business. I have been investing for 25 years or more mainly in the mining sector. My outlook is mid to long term which fits with the industry profile. Bobby what exactly have you contributed to this board?

[lucky punter] 12/12/2014 00:41

When Kalaa says a great place to do business that is for an African Country. It is worth remembering that Kalaa is a DRC national and a son of Zimbabwe. Things happen quickly in Zimbabwe and governmental decisions are swift and generally in favour of any investment. There is a distinct lack of red tape when it comes governmental permissions. I suspect it helps when Kalaa has the ear of the president and he calls him "my son"
It could easily take a year to get permissions and approvals in many other Countries. Zimbabwe are desperate for investment and I think Mwana and Kalaa can do little wrong as they employ several thousand people on realistic remuneration.
There is movement on the Indigenisation policy and a reduction in Gold royalty; it will be interesting to see how long the environmental permit takes.
Obviously the AIM does not see it like that. I think generally the AIM investor/gambler is poorly informed and often poorly educated.

[gwr7] 11/12/2014 22:12

It was me and I'm still scratching my head. Also the $1.3m foreign exchange loss as I thought they traded and reported in $. Also the $0.5m impairment as I thought they were reversing these. Also the $1.2m increase in the depreciation charge. All put a dent in profit. It wasn't just refurbishment costs.
Added to the $1.6m costs that's $4.6m off the bottom line.

[thecynical1] 11/12/2014 21:44

lucky punter......."great places to do business" - that may be stretching a little?!? : ) Still holding these........still wondering when they will stop dropping the ball.......

Someone pointed out earlier that their administrative costs had risen again.....whoever that was.....did you find out why? Would appreciate a comment.

[gwr7] 11/12/2014 20:36

Hmm, you see nothing wrong with the H1 performance. What about your performance? You gave it the big build up and it fell flat. Lies, damn lies and lucky punter posts.

The petition was filed in London Bobby for obvious reasons.

[lucky punter] 11/12/2014 20:04

If the petition is successful it will just lead to another vote, probably at an EGM. I don't think removing Botha or indeed Mpinga is the goal it is more about the Chinese having a voice. They have a minority voice only.
Kalaa is very comfortable in the Zimbabwean political machine and is adamant that Zimbabwe and his native DRC are great places to do business.
I see nothing wrong with the H1 performance the upgrades have been expensive but we must have known that. The upgrades will deliver value back and they were essential so get over it. MWA is not about today or even this year. The AIM is a fool.

[mreasygoing] 11/12/2014 19:47

It's just a shame this is listed on the AIM. I would imagine that there are quite a few funds that would like a piece of the action but are restricted from buying into the AIM. This in turn doesn't help the share price especially if you get a persistent seller.