Mwana Africa Share Discussion Threads

[lucky punter] 07/2/2015 13:33

I am way beyond worrying about the share price at the moment. MWA has a stupid valuation currently and that has been the case for a while now. I believe that MWA will attract a slightly more realistic valuation when they have demonstrated that they can keep the costs down and that they can fund the smelter restart through the subsidiary.

[bigdazzler] 07/2/2015 11:59

Disagree the markets valuation is the current shareprice and I'm looking at the market valuing this lower in the future.

[mr macgregor] 07/2/2015 11:42

One wasn't speaking about one's own valuations (one mustn't forget the possessive). One was speaking about the market's valuations. BNC is independently listed.

[juju44] 07/2/2015 11:31

Dont think you will see 1.3p . Fundamentals are miles and miles above the share price but then they have been for some time . However the tech indicators are now also on the floor - totally bombed and suggesting a big rebound is way overdue .
Qtr results should be soon and a catalyst one way or the other

[bigdazzler] 07/2/2015 10:46

You can put that argument up for a lot of stocks on the markets Mr MacGregor however the markets speak louder than ones own valuations.

As stated I am still looking at the 1.3p but I still need a bit more evidence via price action before I am really sure it is going to get there.

[mr macgregor] 07/2/2015 09:50

1.3p would make Mwana's market cap 46% that of Bindura Nickel, and 60% of the value of Mwana's share in that subsidiary. At the current price it's already a silly valuation but that would be sillier.

[bigdazzler] 06/2/2015 16:20

Not enough evidence at the moment but if a little more weakness persists I will be targeting a decline to atleast a level of 1.3p.

Negative for me on price at the moment but I just want to stay on sidelines a little longer.

[mreasygoing] 05/2/2015 19:09

This is becoming as wobbly as Mugabe was on that step. Why don't you Africans prove you're not all bent and put some news out without muddying the water first !!!

[lucky punter] 05/2/2015 16:27

I suspect with the quarterly update late and the bond in Zimbabwe still awaiting completion there is some uncertainty disturbing some holders right now. I guess the management need to reassure some that all is well and the master plan is just playing out. Personally I am still buying so I am quite happy for the opportunity.

[undervaluedassets] 05/2/2015 15:14

weird - on the rally in the gold price since november you would expect this to be doing better.

returns on gold will of course have a leveraged effect on margins and the should make the gold operations go from moderately profitable to extremely profitable. .

[gwr7] 05/2/2015 14:58

Maybe they're looking to attract buyers? I guess there are drippy sellers here and people like me on the sidelines waiting for a company update on the smelter before buying.

[trevorm2] 05/2/2015 10:58

These seem to be on the side for whatever reason. A buy opp maybe at below 1.7

[juju44] 03/2/2015 11:42

Time to add a few more

[juju44] 03/2/2015 11:27

Sizeable director buys at 2.6p last July so they are taking the pain too

[lucky punter] 03/2/2015 11:09

I think there are PR opportunities that are not being taken. The smelter restart is not going to be delayed by the extension to the bond application period. That is worth telling the market, it would also be worth explaining why there is the extension. This is the first bond of it's kind in Zimbabwe and the institutions have been slow to recognise that they have to invest in this bond. Typical for Zimbabwe and institutions generally.
There was no explanation for the late quarterly update. It is late on the date of release last year. Unfortunately rightly or wrongly the market associates late with bad news.
I have asked the question about the lack of director buying and the only comment I got was that we are not in a closed period because of the bond.
There is clearly things the company can do to inform and support but right now they are busy elsewhere.

[juju44] 03/2/2015 10:56

oh dear back to the bottom. MM's hammering this on no volume. Its overdue for the board to bring out some decent news.The bond delay is a disappointment and is obviously generating negative vibes

[juju44] 03/2/2015 09:50

delays in getting the bond wrapped up are spooking this a bit . Looks like maybe a delay in qtr update as well

[mreasygoing] 02/2/2015 19:58

I've been having a good look at the chart. We should see quite a big move very soon. The price is right on support from the lows in August 2013. Keep an eye on volume.

[lucky punter] 02/2/2015 14:30

I have received an e mail from Caroline at mwa today. The quarterly update will be out "soon". The new date for the notification of allotment of the bond is Monday 2nd March. I guess we will hear through Bindura at that time.

[lucky punter] 31/1/2015 13:55

Surely that must have been a typo in the finance bill as the extension was agreed and reported in the press. The suggestion that any plant could be nationalised is outrageous. Zimbabwe are in no position to do that such a suicidal act whilst they attempt to open dialogue with the west. They lack the ability and the finance. Zimbabwe really are on a cliff edge financially and need these cornerstone ventures for their very survival. Zimbabwe is becoming more resource friendly.
Potentially MWA through Bindura can refine Platinum with a small budget injection.

[gwr7] 31/1/2015 10:50

I'm thinking of buying back in but want to see more progress with the smelter. As far as I'm concerned the company is off to the races when that's up and running.

[lucky punter] 30/1/2015 20:14

Brent crude up 7%, Gold up 2%, Nickel back over $15000 and Copper approaching $5500. All trashed but showing signs of interest this afternoon.
I am exposed to all of these and have been well beaten over the last 6 months as the commodity values in USD spreads bad sentiment across the AIM. Dare we hope that we could see something positive.

[lucky punter] 30/1/2015 19:32

Nickel priced in GBP is performing quite strongly at an equivalent to $17000 a ton on this time last year. As MWA are not raising any cash in GBP but operating in USD then converting to GBP to express profit the lower values are somewhat offset. There will be plenty of profit to convert

[bigdazzler] 30/1/2015 18:05

Kaos3 if anyone was talking about that, it is not an inverse head and shoulders that would have to be described as a head and shoulders.

Head and shoulders are normally bearish patterns although can sometimes be a continuation pattern. Head and shoulders thus would normally form at the peak of an upward trend and then a downtrend would begin.

An inverse head and shoulders pattern is a bullish pattern. Which forms at the end of a downtrend.

They are important as they can give you good price targets if you are a believer in TA.