Mwana Africa Share Discussion Threads

[mreasygoing] 14/1/2015 09:49

I reckon you're looking to buy below 2p. Then it will all be blue skies for you mate.

[juju44] 14/1/2015 09:34

Looks like nickel is performing exactly opposite to your predictions .

China slowing wont help .

If we dont get a turn in nickel soon or if this gold rally peters out then Mwa will go back into hibernation

[lucky punter] 13/1/2015 19:35

Bobby you speak from a position of knowledge about the bond. The AIM has little knowledge and little sense. Things have to be spelt out and obvious for any value to be attributed. You and I both know the bond is just a matter of process but few trust process in Zimbabwe. Completion of the bond will I believe be positive for the share price.

It's not unreasonable for the share price to suffer with the value of nickel after all it directly represents profit. I do not agree that there is too much nickel around,the warehouse figures are misleading and a very small part of the supply.

[juju44] 13/1/2015 19:06

I am a realist and looking for reasons . On the plus side gold just might be climbing out of the pit

[bobby ewing] 13/1/2015 19:04

Nice too read your optimistic outlook again Ju

[juju44] 13/1/2015 19:02

I think MWA is displaying weakness due to slide in nickel. Just too much of it around and if China economy slips ..... well what is there to drive it. I think the forecasts have been too optimistic . Bindura share price falling sharply too although on little volume. We need this picture to reverse

[bobby ewing] 13/1/2015 19:01

My point is LP is that the raising of the bond cannot been seen as positive because of its successful completion because as anyone who knows anything about the bond will tell you it cannot fail to be a success that the whole point of the Government approval.

What will be seen as a positive is the effect of the bond being raised!

[lucky punter] 13/1/2015 16:35

bobby it will be very positive because it will allow the restart of the smelter to conclude. The benefit from the smelter restart is clear to see in the form of increased profit for each ton produced. The bond may be backed but many do not understand what that means and once the process has been successfully completed it will show confidence in Mwana, Bindura and the management.
The market lacks confidence right now and Mwana need to get some serious daylight between their costs and the commodity values to allow for clarity in future profits.

[bobby ewing] 13/1/2015 16:00

LP, why will it be very positive, the bond is backed and cannot fail!!!

[lucky punter] 13/1/2015 15:24

Another interesting article. I suspect Ning's contract is tight and this assault will fail.

However away from that nonsense there is loads going on today that will add serious value for us shareholders. I would like to think Ning can be allowed to exit with his stake in the near future. By all accounts he needs the money.
Technical performance will be reported sometime in the next two weeks. I believe it will show real progress with volumes and costs to challenge the commodity prices.
Right now MWA are in the doldrums but do not be fooled progress is ongoing. The bond in Zimbabwe will be announced in a couple of weeks. Successful completion will be a very positive signal.

[htrocka2] 13/1/2015 13:28

An old article

[charliemike] 12/1/2015 20:39

Gold at 1233 . So fingers crossed . We could do with a little luck .

[lucky punter] 12/1/2015 19:54

Gold price is back in very positive territory for Mwana at Freda Rebecca. With the addition of the reduction in Royalty any savings from the Oil price and the exchange rate. Much is stacked in Mwana's favour that makes the gold very rewarding. Mwana are pushing to increase production and to reduce costs per oz. This half they could easily achieve 35k ozs at all in costs of $1000 an ozs and may go further. As we are now well into Q4 the average gold price will be somewhere around $1200 an oz. The next few months can make all the difference if Gold continues the recovery.
I believe we can expect a strong contribution from Gold in H2

[lucky punter] 12/1/2015 13:47

I doubt very much that Ning has the clout to do that. It is not for me to estimate anybody. I suspect this was the last desperate throw of the dice for Ning before he has to sell down some of his holding to raise funds. Several people told me that he was on the rocks but this brings it home to me. Rather than trying to take MWA out I suspect it will be Ning who is removed.

I wonder what was with the two one million trades. Rollovers or Director buys.

[tightfist] 12/1/2015 13:12

LP,

Interesting read for sure, but please don't underestimate how the Chinese will tenaciously work-away to get under Kalaa/The BoD/Shareholders/The market's skin to enhance their position until a breaking point is reached - whatever that may be.

[lucky punter] 12/1/2015 12:35

Great story that. Seems to me if Mr Ning wants to influence the board he should try turning up at board meetings and participating in the process. Shame he is broke and cannot afford £100m or so which would attract some attention. I wonder if he would allow MWA to buy his shares and cancel them off. That would be a great use of company cash that many would support.
MWA shareholders are correct not to be quaking in their boots as the whole process is designed to unsettle the market and stands no chance of success. Ning signed the relationship agreement and now does not like it. Those are the breaks Ning.

[odvod] 12/1/2015 12:23

Might stay low to put pressure on his financial difficulties

[wstirrup] 11/1/2015 02:52

LP... Do us a favour old chap, and edit your piece to make the link clickable...
(make the http - Http, or hTTp)

Thx in Advance.

W.

[lucky punter] 10/1/2015 20:33

Personally I do not see how the petition causes any issues for Bindura. The petition is to simply allow the Chinese votes to be included. If Ning puts up his own non execs he does not have the clout to get them home as they need 75%. Clearly having a Chinese face heading anything around a National institution in Zimbabwe will be very unpopular. Once the date is set we can forget about this nonsense.

[mr macgregor] 10/1/2015 15:29

Interesting article

[lucky punter] 10/1/2015 12:14

Smoke and mirrors really. MWA pay salary and many production costs in US$ they are paid when gold is sold through South Africa but is that in Rand or US$. Klipspringer is in South Africa so what is 11 rand to the dollar doing there.
The false recovery in the US will show itself in due course and the surging dollar will get back in line. Reality is the American public are not gold buyers; they are too poor to invest in volume. By nature they are material people who would rather drive a flash truck than invest in a lump of metal.
The good news for us is that the profit converts very well into GBP for the year end figures although in reality the cash, metal and Diamonds stay in Africa.
Given the exchange rate, the poor market cap and the liquidity I suspect now would be a great time to buy shares back. The downside is that will just strengthen the Chinese holding so I doubt it will happen.

[charliemike] 10/1/2015 10:57

Gold in November fell to approx 717 pound an ounce . It's now at 808 a rise of roughly 12 percent . If nickel can follow suit we are at the races .

[wstirrup] 10/1/2015 02:23

Perhaps this is the reason for the ticks up...










An extract from the last one...


"Gold Wagers

The net-long position in gold rose by 21,634 contracts to 60,307 futures and options in the week ended Nov. 18, according to U.S. Commodity Futures Trading Commission data published three days later. Short wagers fell to 65,405 contracts, the least since Sept. 9.

Easing by the People’s Bank of China came weeks after the BOJ boosted its asset-buying and hours after President Mario Draghi said the ECB must drive faster inflation and will broaden its asset-purchase program if needed. While dollar-denominated gold is little changed this year, bullion priced in yen has climbed 12 percent and in euros 10 percent."


People are noticing, and they are coming in, in dribs and drabs...

If you haven't topped up recently, you're leaving it late...
##

W.

[lucky punter] 09/1/2015 05:30

I can see no reason for higher volume right now. News is pending and there has been weeks to buy at these levels. Volume will return with news and so will upward movement. Mwana is treading water right now. The Q3 operational performance will be released in a week or two. The bond issue should be resolved in a couple of weeks. Drilling from Katanga will provide first results next month then more through the spring. ZK study will be released over the next few months. The restart of the smelter will advance quickly once the funds are raised.
There is plenty to get the share price moving and many who wanted a position will be sitting tight now after accumulating steadily over the last few months. The spat with the Chinese needs to be resolved but the rest all looks positive.

[mreasygoing] 08/1/2015 21:36

There is no substance to any move higher on low volume. We need to see this pick up if we're to see a test of 4p.