Mwana Africa Share Discussion Threads

[gwr7] 26/1/2015 07:58

He's also consistently called the bond wrong. Even today he says it closed on Friday. What a clown. I thought it would be delayed. I don't find the guy to be lucky at all.

[juju44] 26/1/2015 07:52

LP , you have consistently got it wrong on nickel - it has done the opposite of your predictions.Now heading for a year low . Looks like gold will come back to be the game changer for MWA

[bump3r] 26/1/2015 07:25

The deadline for the bond has been extended to 27th Feb.

[lucky punter] 23/1/2015 17:31

Nickel has been killed by the US$. It will be back as demand is high with much heading into the LME warehouses held on Warrant. It is all about how much they have to spend in local currency to buy in US$. Right now MWA will be clearing about $1500 profit for each ton of Nickel produced; however the Gold will now be making up the difference. Seems we cannot have both.

[juju44] 23/1/2015 16:42

So much for all the bluster about nickel. China turn down looks to be putting the skids on price in an oversupply situation.Badly need this to change direction

[casabella2] 23/1/2015 16:18

Well thats almost this week over,should be in line for some big news next week.

[lucky punter] 23/1/2015 11:53

If anyone here has been following the ups and mainly the downs of EMED. Today they got their final permit and will start mining in Q2 this year with production soon after. The share price has hardly moved. Crazy AIM

[htrocka2] 22/1/2015 20:28

GOLD AT RECORD 2015 HIGH

[bump3r] 22/1/2015 12:08

The ECB bond issue should be announced around 13:30p.m. today.

Will the Gold price rise or will this devalue the Euro against the $ or make it stronger? Who knows

[lucky punter] 21/1/2015 19:08

May be correct. There are multiple forces at work on Gold presently.

[wstirrup] 21/1/2015 17:10

LP,

I suspect it will be taken down, because the ECB is set to announce $50Bln/€58bln tomorrow, so they will set up the trade to get the most out of it, and cut the ground from under the feet of those who wanted to get in early.

Down today for Gold, up tomorrow. (IMHO)


W.

[lucky punter] 21/1/2015 12:43

Gold is having another go at the $1300 resistance. It will I suspect break through in a meaningful way this afternoon.... hopefully.

[gwr7] 21/1/2015 11:33

Fair point. I doubt if he has five months in him; though maybe it's a cardboard cut out and tape recorder. I believe that's what they did with Ronald Reagan and they managed to get him re-elected.

[lucky punter] 21/1/2015 11:03

Gwr.joking right. That is exactly what he has done with the government's approval and special status. The offer closes in a couple of days. We will hear next week.


If I were 91 I would not do anything for 5 years.

[lucky punter] 21/1/2015 09:26

The header is not maintained and is several years out of date. Maybe you could start and maintain a new thread if you are going to here a while.

[htrocka2] 21/1/2015 08:33

Why are the gold and Nickel graphs not in the header?

[gwr7] 21/1/2015 07:25

I have to admit the constant repetition has a hypnotic effect. Pieces of eight! Pieces of eight! I could see myself buying back in if it's kept up.

[lucky punter] 20/1/2015 17:36

Gold and Nickel both looking positive. News out this week from MWA. Time to feel positive about MWA. A great little miner, massively undervalued making real cash today from two producing mines. Many more lines to enhance the profit and extract real value from near term developments with 3m ozs of gold, 8 rigs drilling for Copper awaiting results and a Diamond mine on care and maintenance ready to restart underground.
Time to feel positive.

[lucky punter] 20/1/2015 13:05

I suspect we will find out about the bond next week.

An accelerated plan to restart the smelter was reviewed by an independent third party, Hatch Goba in April 2014. The capital requirement for the restart is US$ 26.5 million. Funds for the project will be provided through a private placement of a redeemable fixed rate secured bond of US$ 20 million. Application for subscription ends on 23 January 2015. The Board of Directors approved the terms of the bond at a meeting held on 20 November 2014. The balance of US$ 6.5 million will be funded from the company’s internally generated cash resources. The project has commenced and should be concluded by the end of June 2015.

[wstirrup] 20/1/2015 11:42

You can suggest away...

But maybe if there's any news due, they couldn't for legal reasons.

However, this KWN piece makes interesting reading...




W.

[lucky punter] 20/1/2015 11:18

The trades at 1.95 and 1.956 are bed and Isa transactions on Isdx.

Can I suggest the two one million trades may be director buys.

[lucky punter] 20/1/2015 11:14

It would be a disaster for Zimbabwe if their first ever bond with government approval and compulsory purchase were to fail. I cannot see it myself. Bind.zw would continue as they are and would eventually be able to fund internally. The real money at high nickel prices will need the smelter to reduce the 35% glencore cut to something more reasonable in lieu of refining. On paper we can expect profit to increase by 50% at $20k ton.