Mwana Africa Share Discussion Threads

[mreasygoing] 17/2/2015 16:33

Quiet day, nice to see the price remain stable.

[proactivest] 17/2/2015 14:36

Video interview with CEO Mpinga


Kalaa Mpinga, the chief executive of Mwana Africa (LON:MWA) said the company is still very comfortable. “I would start getting worried if the price of nickel was to drop below 12 thousand,” he said.

[casabella2] 17/2/2015 07:06

Yes i got caught with the reverse takeover but held on and averaged down so now have an average of 4p so not too bad.Looking to clear that this year.

[wstirrup] 17/2/2015 01:04

Casa... Re: your holding since AFG days... My sincerest sympathies. ;¬)

I started the original thread back in early 2004, and sold out as the Zim economy worsened circa 2009. (after trading a few to take a small profit)

And bought back in at 1.68/1.7p in a couple of small tranches.

Anyways, I am a happy holder as I feel a return to PM price rises of the 08-11 period is in the wind.

The doom-mongers are out in force at the moment.

W.

[lucky punter] 16/2/2015 19:51

I cannot believe how wrong the market makers have got this end of last week and today. They were expecting wall to wall sells today and got two from a couple of plonkers before the buyers waded. I managed to get just £2000 worth in three tiny trades; the first at 1.25p. I thought they were generous last week but today they were just stupid. They had no idea that the news had already been released. Hilarious really.
There seems to be an appetite for these shares at this price and below. It will be an interesting week. What are the odds in favour of an RNS with a Director buy.

[postiga08] 16/2/2015 19:40

At 4p I would be all out

[casabella2] 16/2/2015 17:55

Great finish.Nobody having my shares at these prices.I have waited from Africa Gold days i can wait a bit longer.

[mreasygoing] 16/2/2015 16:48

That type of candlestick on the chart is one of the most bullish you will see. We should see significant gains in the coming months. I hope some of the regular holders here were not shaken out by the games. If you were buying now is perfect for what's ahead.

[lucky punter] 16/2/2015 16:44

UVA. I have had a very similar conversation. I expect the bond to be over subscribed. Good job really as the money is already spent on the the material to restart the smelter. Exciting times.

[undervaluedassets] 16/2/2015 16:29

And helped by better sentiment in the resources sector in general.

[undervaluedassets] 16/2/2015 16:26

Indeed..great turnaround.

I think that the market thinks that it everything is in the price now.

From my communications with the company today the bond looks assured. Being taken up by pension funds and financial institutions in Zimbabwe.

[juju44] 16/2/2015 16:24

I agree - seriously bullish

[mreasygoing] 16/2/2015 16:23

Seriously bullish reversal !

[mreasygoing] 16/2/2015 16:10

That's a nice reversal.

[lucky punter] 16/2/2015 14:32

My first buy today was at 1.24p; not quite 1p but still looking good. I wanted 250k but could only buy 50k online. Mwana is in demand; the share price has dropped from 4p to present levels. We now know why and we now know exactly what the management need to do to turn it around again. They have already put measures in place and those measures will coincide with the smelter restart and stronger grades. The only part missing from the perfect scenario is the commodity values. It could all happen together. I am betting it will.

[mreasygoing] 16/2/2015 12:47

Yeah, just over that first thing. Buyer's stepped in. Missed your chance. That's quite a bullish candle today, providing it doesn't sell off later.

[lucky punter] 16/2/2015 12:29

jxman that would be awesome. I cannot see the market cap at £13m and they have made local arrangements to avoid dilution. I still aspire to 5m shares and I am a long way off of that now so would be happy to take some more cheap shares. I view 2p as very cheap so anything close to 1p would be fantastic.

[jxman] 16/2/2015 12:18

My 1p prediction getting closer.

[mreasygoing] 16/2/2015 12:01

Delayed 2m buy gone through.

[mreasygoing] 16/2/2015 11:59

Postiga. I reckon that you'll be buying when this is 4p again then posting saying you wish you had bought at these prices.

[lucky punter] 16/2/2015 11:55

posti what do you mean the complete opposite, where has that come from. The bond closes on 27th February and the company have ordered everything to restart the smelter. I would suggest they must be confident.
The news about the operational challenges was released on Thursday and whilst the news is poor the reasons are quite specific and manageable with the actions already underway. The short term is rough but the Nickel and Gold is still there and the market cap is crazy low.

About 6 million shares bought this morning as the MM's called this totally wrong. Hilarious

[postiga08] 16/2/2015 11:38

I just wish I had waited and bought now. I thought the news was meant to be good, and the bond was meant to be agreed. instead I find the complete opposite...

[lucky punter] 16/2/2015 11:28

About 2m buys went through on ISDX first thing.

WS the government have reduced the royalty and are supporting the smelter with the bond status. I see them as an asset right now. Unfortunately all of that good is more than wiped out by the negative of poor grades and loss of productivity due to lack of equipment availability whilst they upgrade.
Predictably for Africa everything takes twice as long as you want it tot can all change very quickly.
MWA is a cracking buy at these levels but some patience is required.
I have bought some today and will continue to do so on the dips in the hope that sanity returns at some stage.

I wonder who bought the one million shares at 09:04 at 1.67p. May we have a second RNS today.

[wstirrup] 16/2/2015 11:00

Bumper - re: your question - No... North West.

Easy/skidaddle/LP.

Might it be that the News was released at the Indaba for local political consumption?

If you have a tyrant in charge at the helm, of the country where operations are, and a profitable company, the tendency might be to impose "windfall taxes", which we all know hurt investment in the longer term. BUT a rise in the U.S. dollar strength should be beneficial to the country which uses it for most transactions.

That said, I have said for many years that this is not for widows and orphans.

Mugabe going, will unleash a wave of investment pre-supposing a more moderate government is installed.

The trouble here is too many are looking for short-term profits, and are concerning themselves with short-term price movements, instead of using the dip to top up or lower their average price.

My average is well below 2p, so I can relax safe in the knowledge that the long-term future will be rosy, but I will still need patience and a strong stomach.


W.

[bigdazzler] 16/2/2015 10:41

Mr MacGregor 8 Feb'15 - 12:29 - 6643 of 6711 0 0

Oh, I wouldn't call it defensive. I was pointing out that I was dealing in facts whereas you were dealing in conjecture, though you were trying to claim something else. I regard your copying and pasting of my post as defensive behaviour.




Conjecture you say MacGregor. I feel you need to look up the definition of the word in the dictionary.

Once again you have been proved wrong I said this was going to 1.3p and today it has hit that target another wrong for you not the first time I note.

I note you like the word conjecture how about these words,humble pie!!