Mwana Africa Share Discussion Threads

[wstirrup] 19/5/2015 19:59

SuperMAC...

I've never had a problem with the management of the company...

It was the worldwide economic condition, Central Bank manipulation and Zim politics, that did for this company, and I was criticised for stating that vociferously. (80% of a company's share price has nothing to do with the company - "It's the economy stupid." (as the saying goes))

As it is, everything that I read suggests, the end of dollar hegemony is approaching, and JPM, has accumulated more than 55 million ounces of silver in less than a year.

Now what do they know, that you don't?

The Chinese will probably announce their new gold holdings in late September or early October, and I expect it to be circa 8,500tonnes - 10,000tonnes.

But, I also suspect, they have a great deal more, hidden from prying eyes.

W.

[mr macgregor] 15/5/2015 22:25

You've changed your tune since you recently bought back in Stirrup. How great did you think Mpinga was during the years you were out?

[caedwalla] 15/5/2015 19:04

Worth a read:

hxxp://www.theindependent.co.zw/2015/05/15/vultures-circling-around-mwana-africa-again/

They will be circling because they know there is real value here - and they include a former Chairman and a former finance director who obviously know the company from the inside.

[mreasygoing] 14/5/2015 18:27

When these were 15p they were getting mentioned in Shares mag as a buy and on TV by share brokers. Now they are a fraction of that price and in a much healthier position. These are well under the radar of most. Buy while you can at this price and at these volumes

[wstirrup] 13/5/2015 23:17

We have to remember the politics of the production...

Mpinga has to adopt a "Softly Softly" approach to ingratiate the company with Uncle Bob.

Anyone who thinks a "white" CEO would do better must be in Never Never land...

And the country suffered a bout of hyperinflation a few years back. I'd like to see anyone here steer a company through that...

Stop whining, and start buying. Once we get a serious move, the newspapers/mags will mention it, and then it will be self-fulfilling.

Oh. Yes... And the Yanks, Chinese, Saudis, and Russia, have a few cards up their sleeves, which may make it to the table in the next few months.

(

W.

[gfrae] 13/5/2015 18:04

I can't work out what Dearing is up to...presumably he's been put up to do this by someone, but by whom ? Wellesley-Wood, Baring,the Chinese ? He doesn't appear to have many shares.
Even if he got everything he wants, I can't see how that would improve the share price.
I would say that the company is run much better now,and at less cost than in the days of Baring or Wellesley-Wood------perhaps they are missing their trough?

[ceaserxzy] 13/5/2015 10:44

Investing in this company is based on it has some very valuable assets.

However, over such a long time (10 more than 10 years) that the BODs cannot make any returns for the shareholders, during that period, one has had the biggest commodity and GOLD bull market, tells one a lot of the useless BODs of this company, who have been really good to line up their own pockets though.

There is no question the BODs need to be changed. However, there is a big question that it needs to change for the better ones.

[wstirrup] 13/5/2015 09:24

I suspect, it's a lot easier to recruit good Directors, when the upturn is unfolding, than when the forecast looks like you'd be committing career suicide...

Just a thought.

Either way, long suffering shareholders deserve a break.

W.

[26 dollars in my hand] 13/5/2015 08:09

Looks like a very strong Board. Replacing the cronies with some directors who actually have shareholder value at heart will make a big difference.

[redtrend] 13/5/2015 05:49

What is everybody's thoughts on the resolutions regarding the NED board changes? I've just read the circular and it's interesting to see both sides.

[bump3r] 12/5/2015 22:07

I might go to the next Slinfold neighbourhood planning meeting if things turn sour here.Mark Wellesley wood is chairman of that group.I've a few mates in the construction industry who'd love to open a KFC adjoining his house.

[bump3r] 12/5/2015 21:23

Kalaa going to have to earn his money here.Amazingly it looks like the high court petition with CIMG gives Kalaa some breathing space.

[bump3r] 12/5/2015 21:17

So basically they want Kalaa to remain and a new board. Wellesy wood back in.Peel hunt are spitting their toys our (due dilligence)They want to pay divis.I do think a hostile takeover is on the cards.Not sure why Dearing is involved at all.

[bump3r] 12/5/2015 19:58

Circular posted!

[mreasygoing] 12/5/2015 16:56

Egm on the 9th June.

[bump3r] 12/5/2015 16:48

Lets see what's in the circular

[wstirrup] 12/5/2015 00:30

Easy,

Not always possible to manage, but yes, steady accumulation as the markets recognise the value story is infinitely preferable to a sudden spike, only to watch it fall back by half (or more) of the high.

W.

[mreasygoing] 11/5/2015 16:26

A break away from 2p sets up a move back to 4p. I prefer to see a gradual rise. No spikes please.

[wstirrup] 11/5/2015 14:01

From a technical perspective, I think the 2p level, is proving a major hurdle.

Things might change though as moves in the political sphere impact on events.

China is in discussions with the House of Saud, on supply and price of oil, that will impact oil purchases and international currencies for everyone and in many people's eyes, GOLD is money (and therefore potentially a currency) so will impact on us, and MWA.



The Chinese also have to fully float their currency by the end of 2015 (WTO agreement) and will therefore announce their Gold holdings sometime this year. Some think May will be when they announce, others think it will be October. Either way, when that happens, it will be a political and financial earthquake.

Gold will spike in price, and Gold miners will suddenly become profitable (or more profitable). Those who have managed their resources well, will be immensely rewarded. (I suspect)

Of course political concerns still persist about Zimbabwe, and as such we may suffer, unless Uncle Bob departs for Chinese or heavenly shores, though from what I've read, even that might not mean his policies are not resurrected by others in his coterie.

I am now a holder, having reached the conclusion that the worst is over, and the upside is worth a (small for some) punt.

Chinese efforts around the world to buy/purloin resources will mean they increasingly will come into conflict with existing shareholders.

I am reading a book by Dr. Kent Moors, an energy consultant to 20+ governments, and who has access to lots of political intrigue. He is basically saying that China is building an Empire, and as such will need more and more resources. And Africa will be one of it's major providers.


W.

[bump3r] 08/5/2015 12:06

RNS Number : 9207K

Mwana Africa PLC

21 April 2015

21 April 2015

Mwana Africa PLC

("Mwana" or the "Company")

Update on Requisition of General Meeting

Further to the Company's announcements on 2 March and 1 April 2015, Mwana announces that it has today received further notices from Ian Dearing and other shareholders requisitioning a general meeting of the Company's shareholders (the "Requisition") pursuant to section 303 of the Companies Act 2006 (the "Act"). The Requisition proposes the same resolutions included in previous notices received by the Company and as referred to in the Company's earlier announcements on this matter.

The Company is currently investigating the validity of this Requisition and to the extent that it is valid and not withdrawn, currently intends, in accordance with section 304 of the Act, to call such a meeting within 21 days of receipt and to provide for the general meeting to be held on a date not more than 28 days after the date of the notice of meeting.

Shareholders are advised to take no action at this time. Further announcements will be made in due course.

For further information contact:

Mwana Africa PLC

Kalaa Mpinga, CEO

[gfrae] 08/5/2015 11:38

What has Dearing got to do with anything?

[bump3r] 07/5/2015 20:10

Ha yes me too WS!But you need to have 15% of the companies shares to call a general meeting.He can't afford them so is working with Ning to conjure a plan.Failed once.Let's see how this pans out

[wstirrup] 07/5/2015 19:58

I know one or two of those bump... ;¬)

W.