Mwana Africa Share Discussion Threads

[bump3r] 30/1/2015 18:03

Nickel going for it

[juju44] 30/1/2015 17:01

bond delayed to end Feb . Hopefully qtr update next week

[trevorm2] 30/1/2015 16:53

No news on the bond and no quarter update, a bit worrying.

[juju44] 30/1/2015 12:39

that was a H&S but its over - already played out

[mr macgregor] 30/1/2015 12:37

That one's known as laying an egg.

[kaos3] 30/1/2015 11:16

? maybe


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[bigdazzler] 30/1/2015 10:10

Where's you inverse head and shoulders odvod? If it is by the book I assume you have a chart detailing volume be nice if you could post the chart for all to see.

[gwr7] 28/1/2015 15:30

That looks like last Friday's news. Seems a bit condescending calling it tongue in cheek.

[lucky punter] 28/1/2015 14:43

Another tongue in cheek statement on the Zimbabwe Stock Exchange.

Cautionary Statement: Smelter Restart Capital Raising
As reported in the previous cautionary statement issued on 31 December 2014, the company plans to restart its Smelter, a project that will significantly improve the prospects of the business. To this end the Company is seeking funding for the project via the flotation of a fixed term debt instrument. The Directors of Bindura Nickel Corporation Limited wish to advise shareholders that the capital raising is still in progress.
In the meantime, the Directors therefore advise the Shareholders of Bindura Nickel Corporation Limited and the public to exercise caution when dealing in the shares of Bindura Nickel Corporation Limited.
By order of the Board Bindura Nickel Corporation Limited
CF Mukanganga Company Secretary 21 January 2015

[mreasygoing] 28/1/2015 11:00

Just use the filter.

[trevorm2] 28/1/2015 10:16

Even with all the lucky talk the share price keeps on falling. Keep up the good work. Things are never that straightforward with this outfit.

[lucky punter] 28/1/2015 09:56

Nickel back over$15000 ton. Neither gold or nickel are high at the moment but both will be profitable. Nickel by$2000 ton and gold by$230 oz. It's rare that both perform strongly and this middle ground is positive for both. Just need to squeeze the costs further.

[lucky punter] 27/1/2015 07:47

I can understand why the share is stagnant. Gold recovered slightly, Nickel under pressure. If you look at the last quarterly update the Nickel is marginal and the Gold is clearing just $220 an oz profit.
Fact is though that the Nickel costs were based on much higher payments to Glencore on the 35% cut for finishing the concentrate and today the margin will be $2000 a ton. Gold; we should see a reduction in the all-in costs with the cut in Royalty and "hopefully" some benefit from the upgrades on-site.

Until we get the figures on the quarterly update and we know one way or another we are in limbo. Quarterly updates generally are released the 20'something of the month.

[mr macgregor] 27/1/2015 07:21

I find equating the US $ with safety to be mad. I think America is the most dangerous country on earth. And the really mad thing is, they seem to think they're our saviours.

[odvod] 27/1/2015 07:01

not out of the hole yet
next 2 days will be interesting looking at the small uptrend channel after "by the book" inverse H&S formation


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[wstirrup] 27/1/2015 00:47

Stronger dollar a result of the weaker Euro, and traders taking advantage (and flight to safety)

This lowers PM prices (in dollar terms) but should show up as stronger numbers when converted into pounds for the accounts.the best.

Of course, a rise in all currencies will be necessary to start the next rout.


W.

[gwr7] 26/1/2015 15:29

The RNS came from BNC not MWA.

[casabella2] 26/1/2015 09:31

Sorry but i never saw an rns last Friday.

[trevorm2] 26/1/2015 08:59

Well said GWR7. Take heed people.

[gwr7] 26/1/2015 08:45

It's 27th February. There was an RNS Friday saying it was still open. Did your pal Mathonsi not tell you? I expect she's also tired of hearing from a stupid punter out of his depth.

[lucky punter] 26/1/2015 08:33

GWR when does it close. I was under the impression it was the 23rd. That is certainly what I read in the initial info. Could you let me know what date you have read about. Would they release it here before ZSE

[mreasygoing] 26/1/2015 08:33

I have him on filter, so no problems for me.