Mwana Africa Share Discussion Threads

[caedwalla] 08/1/2015 18:37

Interesting that it is drifting higher on low volumes though - big turnaround from the situation before Xmas.

[postiga08] 08/1/2015 18:00

Low volumes these last few days

[lucky punter] 07/1/2015 17:25

Would be odd if they object to the two non execs as Ning was moaning about the lack of non execs. I suspect these two are not Chinese enough for Mr Ning.

The whole thing is largely nonsense and does not really effect MWA; I suspect that is why the hearing is 10-11 months away. Mr Botha did say at the AGM that his position was only temporary and the rotation is desirable and healthy.
This is all about the attempt to silence the big baby at the AGM.


Nickel back at $15500

[bump3r] 07/1/2015 16:57

RNS

Noise which is unnecessary really.

[wstirrup] 07/1/2015 12:53

Mac... There's quite a few here been burnt over the years... You just have to accept, that not all will be as Uber enthusiastic as our good selves.

The problem with most people is not picking the right companies, but picking the right time/timing. (in and out)

80% of a company's success has NOTHING TO DO WITH THE COMPANY...

"IT'S THE ECONOMY STUPID!" (As someone once used in a political campaign...)

I've just learned to be patient, and to follow Warren Buffet's dictum -

"Be fearful when others are greedy, and greedy when others are fearful."

So, I sleep far better at night. ;¬)

W.

[odvod] 07/1/2015 12:22

up on no trades?

[mr macgregor] 07/1/2015 10:56

Mwana can't seem to shake off the nit pickers. Do they want jam on it? I thought the minesite article was a good one and liked the 'no bribes' mention. Some of the mud thrown at the company is bound to stick but they just get on with it. Personally I think the situation in Zimbabwe is slowly improving from a very bad state. Recently we've seen moves by the world bank and the EU to increase aid and reverse sanctions so they must be seeing something happening internally to justify their actions.

[lucky punter] 07/1/2015 08:33

It is the standard tongue in cheek message to say that we expect the share price to increase. They are unable to recommend their own share so use it as a way of attracting attention

[postiga08] 07/1/2015 07:47

exercise caution? that's not a good message is it?

[lucky punter] 06/1/2015 14:57

hxxp://wwww.zimbabwe-stock-exchange.com/external.asp?B=2104&from=nd&ID=74535&L=i&g=520

[lucky punter] 06/1/2015 14:18

minesite.com/2015/01/06/mwana-africas-kalaa-mpinga-remains-very-comfortable-operating-in-zimbabwe/


Interesting article. Nothing really new but all appears on track for real value enhancement in the near term. copied from Pinotnoir on LSE with thanks.

Kalaa does tend to focus on the two producing assets. Some focus on the exploration may add some interest. I suspect we will see that with the first drill results due in a month or so.

Despite the current valuation I feel very positive about MWA.

[postiga08] 06/1/2015 08:06

GWR7 - you're probably right, sorry.

[lucky punter] 05/1/2015 17:19

Nickel back over $15000 a ton; currently $15170. The margin is still something like $2000 a ton at the start of Q4.
Gold just below $1200 oz. It would be good to see the margin at $200 oz but it is more likely $100 oz right now unless we have substantially more production. They are ramping up but how far how fast is unknown.

Clearly we need higher prices to make this really attractive but MWA are making cash right now when many are not.

[gwr7] 05/1/2015 15:27

It's not a court case is it? I thought it was a hearing to decide if it was worth a court case.

[lucky punter] 05/1/2015 14:57

No. The hearing is largely irrelevant. Just a shame that someone who had not turned up at any of the board meetings made a stupid process at the AGM and has now taken this action.

[postiga08] 05/1/2015 14:39

we expecting price to change much with the start of this court case on 7th?

[lucky punter] 05/1/2015 10:10

Budget is also stretched and I doubt much value will be added in the eyes of the AIM even with £5-10m invested in drilling. I suspect it will be something they will do in due course when funding allows but really they need to get ZK moving and earning.

[juju44] 05/1/2015 09:50

Agree , that would be the best way forward for ZK. I think it is currently getting little attention and management are stretched

[lucky punter] 05/1/2015 09:29

What chance valuing gold in the ground if an entire gold mine producing 60k ozs a year has no value.
Kalaa has said Zani-Kodo could easily contain 10m ozs but for now there is little value in exploring for additional ozs. There is plenty known already for a decent production project. I would like to see MWA sell into a minority position with a major producer to get ZK moving in quick time.

[threadworm] 04/1/2015 22:07

just seen this - a bit old from a mid december write up but worth a read cheers

"Mwana Africa Plc (MWA:AIM)rs. is profitably producing nickel at the 74.7%-owned Bindura mine in Zimbabwe, but the real upside in this stock in my view is in gold. It co-owns with the state mining firm SOKIMO the 2.97 Moz Zani-Kodo gold project in the Democratic Republic of the Congo (DRC). The deposit is similar to the 18 Moz Kibali gold mine that AngloGold Ashanti Ltd. (AU:NYSE; ANG:JSE; AGG:ASX; AGD:LSE) and Randgold Resources put into production in the DRC. Zani-Kodo has similar geology to Kibali, yet the Mwana story is not being valued for these ounces. It keeps drilling more and more gold intercepts with just about every hole on that project. We're looking forward to more good news from that company."

from investorideas.com

[thecynical1] 04/1/2015 15:17

Was that post from LP the most meaningless post ever? Spare us the rambling....please! : )

[wstirrup] 04/1/2015 13:59

Good point LP...

It's something that for the moment is in our favour.

Going forward, I think Zim, needs to learn the lessons of history, and take back control of its own currency, but it needs IMHO, at least some Gold/Silver Reserves to use "in extremis".

It is also about time sub-Saharan Africa, forms an economic union, to encourage trade, and fiscal responsibility. Which would stop idiots like Gideon Gozo/Robert Mugabe, from trying to print their way to prosperity any time in the future.

W.

[lucky punter] 03/1/2015 15:07

The US dollar exchange rate will be having an effect on the profitability of MWA. Revenue is in USD, costs are in USD and profit is expressed in USD then converted to GBP for comparison . At 1.53 where that is now the profit converts much more positive than it did in the summer at 1.72. As Mwana are not raising any cash on the AIM in GBP to convert to USD, the UK footprint is now very small and service like auditors are not in the UK the benefit is largely flowing one way at the moment.

[lucky punter] 03/1/2015 05:03

Nickel price is under pressure but that will not last long. The dynamics are not about a day or a week