Mwana Africa Share Discussion Threads

[lucky punter] 05/3/2015 14:57

Mac. virtually no Nickel around. It is all in the warehouses and I doubt it will be leaving in a hurry. China slowing? Slowing to what 7% more than last year. Has production increased 7%? No
India is gaining momentum and will outstrip China if it has not already.
The squeeze on physical availability will push prices up in the next few months.

[juju44] 05/3/2015 13:48

Mac - too much nickel around and China slowing

[lucky punter] 05/3/2015 12:39

Mac It just shows the investment interest in Nickel' the current values are so low that it is a great time to stockpile and buy for investment. This will starve some end users of supply. There are more warehouse joining the list after the scandal in China so I would expect stocks to continue to rise steadily whilst the values are so low. I suspect some of that Investment Nickel would be released at $20k ton. Until then I doubt we will see much change.

[mr macgregor] 05/3/2015 11:29

The nickel stocks chart makes me laugh. Every time I think it's topped someone finds some at the back of the settee.

[bump3r] 05/3/2015 10:46

Mar 04, 2015 BIND.zw | Results of Corporate Bond Issue The Board and Management of Bindura Nickel Corporation announces that the $20m Corporate Bond Issue has been fully subscribed. The results are as follows:

Bond Offer Statistics Type: Redeemable fixed rate Bond Issue amount: $ 20 000 000
Tenor: 5 yearsInterest rate: 10% per annum payable semi-annually in arrears

Performance Results Total subscriptions: $ 20 000 000 Total bond subscription rate: 100%


- See more at: hxxp://wwww.zimbabwe-stock-exchange.com/profiles/investor/ResLibraryView.asp?ResLibraryID=75800&BzID=2104&g=520&to=rl&Nav=1&LangID=1&s=0#sthash.4uTC0DqC.dpuf

[kaos3] 04/3/2015 17:52

voted up because you are proven right for years

[juju44] 04/3/2015 17:40

WS - its sound so right but the experts have been forecasting bonanza for years with weekly predictions of a breakout . It hasnt happened and wont until the yanks decide thats what they want - and that could be years away ... or never.
Dont hold your breath

[wstirrup] 04/3/2015 15:48

Thought this might cheer the troops... ;¬)

How Long Will the Down Cycle in Gold Prices Last?
~ By Michael Lombardi, MBA

Just as the stock market moving higher on historically high valuations is mind-boggling, suppressed gold prices aren't making much sense either.

Michael Lombardi
Demand for gold is increasing, while supply is contracting—a perfect recipe for higher gold prices. But despite the demand/supply equations that all things on earth are priced by, gold prices remain flat.

Manipulation? Certainly looks like it at times. But understand this: markets can be manipulated for only so long. Eventually, the fundamentals are what dictate the prices and it will be no different with gold.

According to the World Gold Council (WGC), jewelry demand from India for the entire year of 2014 was 662 tonnes—the highest on record since India started keeping track in 1995 and up eight percent over 2013. With this it should be noted that for the majority of 2014, the Indian government had restrictions in place on gold imports. (Source: World Gold Council, February 12, 2015.)

And world central banks continue to have a huge impact on the demand side of the gold market. In 2014, they purchased 477 tonnes of gold—17% more than they did in 2013. Central banks have been buying gold bullion for five consecutive years now.

quote
On the other side of the equation, in the first 11 months of 2014, U.S. gold mines produced only 193 tonnes of gold, about eight percent less than the 209.7 tonnes they produced in 2013. (Source: U.S. Geological Survey, February 2015.)

As I predicted long ago, when gold prices started coming down, lower gold prices forced gold producers to cut back on exploration costs, thus stinting future gold production. And this is exactly what has happened—less and less new gold production coming on stream.

Looking at the guidance provided by gold mining companies about 2015 production, some senior miners are planning to produce less in 2015 than they did in 2014.

The decline in gold prices we have seen since 2011 has discouraged some, but I am looking at it all differently. I'm looking at it as an opportunity. Four years ago, gold prices peaked. A lot has changed since then. Lower gold prices have reduced supply as capital and exploration spending in the mining industry took a massive hit.

At this point, would-be investors need to be smart. They should be looking for gold-producing companies that have become leaner, have reduced their production costs, and have increased their grades. There are plenty of these companies around, and I'm looking at them as great opportunities today.

[gwr7] 04/3/2015 15:41

Decided not to buy into snoozeville. I was going to take profits in NL:FUR to fund the deal but am reliably informed there is a bid brewing there so will hang on to them instead.

[juju44] 04/3/2015 12:33

Strange that Bindura has not moved on the news . Must all have been in the price

[juju44] 03/3/2015 14:02

no business done in Bindura shares today and no price change . Very strange

[thecynical1] 03/3/2015 12:05

I am not sure that nickel fits in to the PM group! : )

[juju44] 03/3/2015 10:53

Amazing market indifference here - not even any " sell on the news " brigade

[lucky punter] 03/3/2015 09:49

Clearly Nickel and Gold values need to rise and in the meantime Mwana need to sort their technical performance out. Some of the investment made in equipment needs to return to the bottom line. The management have done all they can to make this happen but to make this happen in a huge way the commodity values need to recover at the same time.

[lucky punter] 03/3/2015 09:34

$26 the terms are in the previous RNS back in November. The upside on the smelter will more than clear the finance then we are left with the residual value of a smelter. Third party feed will make the whole deal very productive at higher Nickel values.

UVA the story here is about increasing production up to steady state to squeeze the costs. The equipment upgrade is complete and the new equipment will prove more reliable than the bush engineered equipment they have been pushing. $6-7m spent will be repaid many times over.

[juju44] 03/3/2015 09:28

Nickel at a year low and looking like going lower. When all the "experts" were calling for 25k nickel with huge stocks and a slide in China output you can be sure it will go in the opposite direction and it has done. This is starting to make the Bindura project less attractive with a reflection in MWA price.

Also , yanks making sure that PM,s dont rise is hammering the PM miners. Not the best place to be right now

[undervaluedassets] 03/3/2015 09:12

I often find that good news takes a little longer to register with the market than bad.

[26 dollars in my hand] 03/3/2015 09:04

Great news to get local support for the bond. Does anyone have the terms of the bond? I don't see any detail in the RNS

[juju44] 03/3/2015 08:48

I had thought that a lot of this was in the price but would have expected some gain on the confirmation. If this news doesnt move the price up its hard to see what will as the metals dont look like doing anything soon

[juju44] 03/3/2015 08:29

what a market reception to the long awaited news. Faith abounds .

[lucky punter] 03/3/2015 08:15

UVA they were certainly in talks but I don't think there has been a deal signed yet. There is concentrate production nearby and just over the border which will all be keen to add value and reduce transport costs.

[undervaluedassets] 03/3/2015 08:04

MWA have already sold some the the spare smelting capacity to other Nickel producers locally. So will provide additional revenue streams as well as obviously boosting margins on MWA nickel

[lucky punter] 03/3/2015 07:56

UVA. There was no reason to be the participants had no choice but to back it as they have a quota. The risk was that this was the first of the kind with the government status and the institutions are slow to deal with change.