Mwana Africa Share Discussion Threads

[gwr7] 17/1/2015 12:34

The institutions are supposed to buy the bond but there's nothing to say they have to buy $20m worth between them.

[lucky punter] 17/1/2015 11:35

The next few weeks will be significant for shareholders. News is pending on multiple fronts that will add value. The Q3 operational update next week will give strong direction to the costs savings, production increases and performance of the new and upgraded equipment. The BIND.ZW bond in Zimbabwe will complete in the next couple of weeks. The bond will complete because of the status of the bond; the institutions have to buy.
Drilling results from Katanga should start to come through in February. We have nothing much to measure these by but there has been a report of visible mineralisation. With 8 rigs drilling there will be plenty of results and we can expect 6 months worth of news.
The feasibility study at ZK will be released in the next few months. There will be a plan for a small pit surface project that will require a smaller capex. With 3 m ozs in place so far and Kalaa stating that ZK could easily hold 10m ozs the project will look very attractive to a major producer very nearby.
Klipspringer has an exciting future with potential to double the slimes project and the restart of underground mining this year. I suspect they will be looking for the slimes to pay the $4m cost of the restart so it will be late 2015.
Starting with the Q3 update the next few months hold a lot of potential for current holders. My interest will be in just how far they can force the costs per oz and ton down to create some serious return even at tighter commodity values.
Available Nickel for consumption is very tight on the supply side and stocks that are truly available will not go far and stocks held as investment will not be sold until the value increases. I believe just over $20k a ton will be the ceiling this year.

[gwr7] 17/1/2015 10:25

The timing is looking good with respect to gold but I'm not sure about nickel. I have a feeling they'll have to delay the closure of the bond in order to raise sufficient funds to re-start the smelter. We should see next week one way or another.

[wstirrup] 16/1/2015 21:42

Juju...

The latest sales pieces I've been getting, suggest that this first quarter should be VERY interesting.

Lots of potential Black Swan events.

Swiss abandoning it's Euro target, was just the first.

Grexit stage left? Next?

No Gas for Ukraine (or points west)

Ukraine if you want to...just Dont cry for Argentina or Venezuela, they can't spend what they haven't earned for too long, and sometime soon, one or other nation, whose oil revenues were spent before they were earnt, will be borrowing money at 7% on their bonds, or higher.

When THAT happens, Gold will have the blue touch-paper lit.


W.

[juju44] 16/1/2015 15:09

considering golds move the lack of interest in junior miners is amazing .... but its bound to happen

[juju44] 16/1/2015 14:23

When gold really breaks loose it will go with gusto

[lucky punter] 16/1/2015 14:21

I am thinking more in £ rather than $. reaching $2000 an oz would I suspect only come with the inevitable collapse of the $.

[bump3r] 16/1/2015 14:13

I have 1320 next resistance for gold.1240 to the downside.Would be excellent to be back up over 2000 but not sure we'll see that for a few years yet.

[lucky punter] 16/1/2015 13:59

The benefit of diversity is supporting profit at MWA right now. Nickel is flat at low values and gold has chipped up to add real value to the 180 ozs or so a day Freda Rebecca produces. The margin now should be well over $200 a oz given the projected increase in volume and the royalty reduction.

[mr macgregor] 15/1/2015 16:09

Gold up about 30 bucks today at $1260 after the Swiss cut ties to the euro.

[lucky punter] 15/1/2015 08:51

I just bought at few more at 2.02p which was below the mid-price and shows as a sell. Very generous indeed.

[lucky punter] 15/1/2015 03:12

the dilemma is that once it starts to move it is very difficult to buy and even moderate volume forces the chart vertical.
MWA is a very different animal to 2013. Leaner and fitter with strategies maturing over the next couple of months that will add real value by hitting costs. In answer to the "when" question I would say that we not far away now.

[hemehem] 15/1/2015 00:46

Hey, not been here for a while, just saw the price today, as I still have on my watchlist, glad I got out of this at 6p in 2013, didn't make much in the end but didn't lose any either which is always good lol.

When this goes up, it will rocket, the question really is 'when?' and if you can afford to have your money sitting here while you do wait.

[postiga08] 14/1/2015 23:28

The thing I never get, and perhaps jxman can explain, is why someone like him would post negative views on a stock that they presumably hold or have interest in....?

[wstirrup] 14/1/2015 21:49

And the reasons are?

Move along now jxman... Nothing to see here.

9Km drift in DRC, with 2.9m ozt delineated from the 3Km they've explored/drilled
65,000 ozt From Freda Rebecca Gold mine, with OC of circa $1100/ozt
Kimberley Pipe in South-Africa with 18% of a Diamond mine.
The ONLY, Nickel, Mine, Smelter, Refinery in the whole of Africa - capable of circa 11,000tonnes per month

P/E of 1.9
Rising revenue and profits
Bond issue about to get away, to re-start BNC

Yeah, it's a given that those who manipulate the markets, and who having spotted this, can't get enough at the current price, so they short away to lower the price, and use scare tactics to get sellers...

Of course they advocate sales, while they take the other side of the deal.

If you're a long term holder, perhaps sitting on a loss, I'd recommend staying the course. IF on the other hand you are a short-termer, then maybe your advice might be prudent, but I suspect the short-termers have already gone...

The Chinese are looking for a buyer, I hear... perhaps you ought to talk to them.

W.

[jxman] 14/1/2015 19:43

1p by July im hvo

[lucky punter] 14/1/2015 19:24

If it were 4p by July it would be extremely undervalued they get the smelter restarted and improve productivity as expected. My goals are somewhat higher but the timing is so dependent on a basket of variables.
With the news flow scheduled between now and mid summer you are I believe giving yourself the opportunity to attain your goals.
I believe that mwa will always be undervalued by the Aim until this market sentiment turns around. That's where the real money will be made. Good luck.

[postiga08] 14/1/2015 18:18

If this share could be 4p by say July, that would really help increase my deposit for my house.....please

[lucky punter] 14/1/2015 16:38

Gold up a decent chunk again, nickel down fractionally on the day. The return to below 2p looks to me to be driven by desperation after the recent static pattern.
News is pending now and the visible well publicised news window is about to open. Q3 results and the bond update leading into drilling results from katana into the feasibility study completion at an into production improvements at Trojan and Freda Rebecca with the new equipment and ultimately a third mill.
Throw into that klipspringer restart underground this year and the smelter restart in June/July
Mwa are providing every opportunity for the share price to increase.
Commodities are already squeezed and any upside will bring additional benefits.
I am backing mwa simply because they have options, they have cash profit and they are fighting darn hard to make this work.

[caedwalla] 14/1/2015 15:23

'Be brave whilst others are fearful' MWA is already down at sub 2p and sentiment can change very quickly.

[jxman] 14/1/2015 14:27

Only way is down. Global downturn will hit this big style. Take profit or short imhvo

[lucky punter] 14/1/2015 10:21

I have just bought my first chunk at 2p (on ISDX) and will continue whilst the price is keen. The rest will sort itself out in due course.

[lucky punter] 14/1/2015 09:53

Nickel in the east will be tightening up over the next few months and we will see prices rally. The volume in the LME monitored warehouses will flatten and may come down a bit but 75% is held in warrant. They will not loosen at these cheap prices; I doubt any will be let go sub $20k a ton. Right now the company are doing all they can by driving down costs. The rest will come together.
I am definitely looking for more below 2p but will continue to say it as I see it.