Mwana Africa Share Discussion Threads

[timgw] 31/5/2015 11:11

Sometimes I feel that reading this thread redefines Optimism.......

[mreasygoing] 30/5/2015 19:02

Exactly WS. Check out the weekly chart. MWA is very close to popping. A bit like my Asiatic Lillies.

[wstirrup] 30/5/2015 14:08

The 2p level acting as a ceiling for the minute. When we get through that, the upside will be rapid, and perhaps won't stop until circa 3-4p, or even the 6-7p range.

Pity I have so little spare cash to top up at the moment.

W.

[mr macgregor] 28/5/2015 19:38

I did the same, ie. voted against all the resolutions, even the one I agreed with, just to make the point that the calling of this EGM is ill conceived and amateurish. The clincher for me is Dearing picking up ex board members who were only in it for themselves first time around.

[wstirrup] 28/5/2015 13:49

Just called my broker, and voted against all 10 resolutions...

Perhaps I suggest we don't need more chiefs, but, a new political system in Zimbabwe, and a board who need to look outside that small corner of the globe to diversify production.

W.

[mreasygoing] 28/5/2015 12:54

The Chinese will gamble on two rain drops running down a window. We need some transparency, but are unlikely to get it.

[odvod] 28/5/2015 12:50

wind blowing in the right direction. as much as I hate it to say - where the china based investors are involved nothing good happens :(
Once I thought that it is a strategic partner securing markets and financing. Forget it from my humble experience.

[dr_ex] 28/5/2015 10:58

any views on today's RNS?

[wstirrup] 26/5/2015 15:57

Interesting piece, worth a good read...

W.

[mreasygoing] 26/5/2015 15:42

How long can the mm's keep this below 2p ? Once it pops 4p is the next target.

[odvod] 26/5/2015 11:27

Huge positive imvho

[mreasygoing] 26/5/2015 11:16

Buyers coming in.

[wstirrup] 26/5/2015 09:45

Caedwalla... You DO know, that there are 1.4BILLION Chinese don't you?

It might not be the same half-dozen with Wellesley-Wood (or same company/Venture Cap Group)

Anyway, I just hope these are tightly held, and will be slow to release, after 10+ years of watching, waiting, and holding, I am gonna be seriously PO'd if they get taken out for a pittance.

Of Course, Uncle Bob might have had his palm greased to allow a Chinese take-away to happen...

W.

[juju44] 26/5/2015 08:05

RNS today - nice little lever for MWA in an arena which should have some influence

[caedwalla] 22/5/2015 17:51

Interesting article Redtrend. I take it that the Chinese were instrumental in kicking out Wellesley-Wood so they are unlikely to team up with him now. If so, the EGM will come to nothing which seems the best outcome to me. Kalaa implies that other parties are bickering and it is all as a big distraction and he just wants to get on with the job.

[mreasygoing] 22/5/2015 14:55

Things happen when you least expect it. You got to be in it though.

[juju44] 22/5/2015 11:40

Lack of activity is surprising. Volumes have just collapsed

[mreasygoing] 21/5/2015 15:54

Copper price rallying

[redtrend] 21/5/2015 15:40

Bit more background info behind the upcoming EGM:



Most info already known, but this portion I found interesting: "Wellesley-Wood was hoping for the company to pay relocation fees to Johannesburg as well as share options totalling £1m that could not be diluted. "There was a unanimous decision to vote him off," said Mpinga"

I've voted against all the resolutions - even against No.10 as it just goes without saying the Board and CIMG/ Ning need to resolve their differences.

Don't get me wrong, there have been some management failings (recent ones being delays in updates, release of sensitive information at Indaba Conference etc.), but these are far outweighed by the positives in my mind and the fact we're even still in business with Gold & Nickel prices where they are and the geography of the producing assets (Zimbabwe). I have my fingers crossed that even if there isn't a major rebound in commodity prices in the short - medium term, we will be shielded by the completion of the smelter at the end of this year (if completed on schedule). And if there is a rebound, particularly with Nickel, it will be bonanza time for Mwana.

[asturius101] 20/5/2015 12:46

The gravy train is coming to an end it seems...

[juju44] 20/5/2015 12:46

SP is not reflecting a possible bid - no interest

[thecynical1] 20/5/2015 12:20

very interesting..........

[mreasygoing] 20/5/2015 12:07

The Chinese well and truly have their paws in this.

[26 dollars in my hand] 20/5/2015 11:15

Looks like a new Chinese player has picked up part of Ning's holding. Could this be the start of a concert party t/o bid?