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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mwana | LSE:MWA | London | Ordinary Share | GB00B0GN3470 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.85 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
10/6/2015 18:07 | Things needed to change here. Kala had raised millions through institutions over the last number of years, promised but delivered very little but a loss on their investment. The cash balance is dwindling all the time. The new boys may not be much better. We will have to wait and see. GL. | trevorm2 | |
10/6/2015 17:36 | This is not good news. Consider this scenario: 1. The new board controls over 50% of the shares. Otherwise how would they have gained control since it is unlikely that any private investors would have voted for them? 2. They have got rid of our CEO and our Zim directors. Why would they do that if they want to do business in Zimbabwe? We have seen Ning's communications skills at the AGM last year. Mpinga knew his way around and that is the key to operating in Zimbabwe. I cant see Mugabe being very amused with this lot; and particularly not a return of upper class British directors. So maybe the new directors are not bothered because they intend to asset strip MWA. 3. If they have a controlling shareholding they could now dispose of our assets at knockdown prices into any of the companies that they own and then sell them on. And us lot see no benefit. 4. After all how can they do better than Mpinga. MWA is not doing well because of Ni and Au prices. The company has been constrained by not having enough cash to invest in the business. And we have all heard the rumours that Ning is broke. So how can they realise value for shareholders? Our current strategy was a good one given the state of the company. This smacks of asset stripping. Just a thought. Having felt the way the wind was blowing I have been disposing of my holding in the last fortnight despite taking a substantial loss. I was happy to take the risk of Zimbabwe as long as Mpala was around but the risk now is far too great. I hope I am wrong. However I put the proceeds into LGO and am already in profit. Good luck to those of you left. | sadworm | |
10/6/2015 15:59 | Biggest volume now in 2 months. | mreasygoing | |
10/6/2015 15:58 | You're going to miss all the fun odvod. The chart looks fab too. A break out from 2p and this will fly. | mreasygoing | |
10/6/2015 14:50 | Not a lot of enthusiasm for this outcome. The Mugabe link may have gone but really Mpinga promised much but delivered little over the years and the share price reflects that too . The new guys must reckon they can get more out of the share price .Time will tell and I am staying | juju44 | |
10/6/2015 13:10 | Did he not have good political connections? Will the departure backfire? I unfortunately think so. Will be selling. Another "china" stock. | odvod | |
10/6/2015 12:59 | I think I agree with you Red. So who did back this amendment and why? There must have been a significant shareholder behind this.(I assume that the Chinese were precluded from voting) | gfrae | |
10/6/2015 12:42 | Under the terms of the Agreement between Mwana and its major shareholder CIMGC, is Ning even allowed to hold an Executive role in any capacity - is the current situation legal? The Mwana share price is in the doldrums predominantly because of the ongoing political uncertainty in Zimbabwe and the depressed gold and nickel prices. How will a board change solve these two issues? If anything now Mwana has lost Mpinga and the two Zimbabwean board members, the Mwana board's experience and ability to deal with the turbulent politics in Zimbabwe and DRC is now severely weakened... Very short-sighted in my view. | redtrend | |
10/6/2015 12:00 | Do we now know who Dearing was acting for?- He had virtually no shares himself,he said. | gfrae | |
10/6/2015 10:24 | mpinga failed to deliver for shareholders so deserves to be canned but nobody can tell whether the new management will be any good for shareholders or just themselves will they do a massive kitchen sink exercise before releasing good news ? | the stigologist | |
10/6/2015 10:20 | He didn't decide to step down. The latest RNS tells you that. I think Mpinga pulled a fast one giving his mate 15% of Freda Rebecca for a paltry $405k back in 2012. He said he was fulfilling an agreement made in 2005 but a CEO who let shareholders carry all the risk during the intervening troubled times while letting that bloke waltz in whenever he felt like it deserved to be sacked imo. | gwr7 | |
10/6/2015 09:46 | Mr Ning & Mr Wellesley-Wood will now oversee the effective carve up of the assets of the group. The Chinese, who have played underhandedly to get the Copper in Katanga have achieved their goal by working in cosort with Ning, Wellesley-Wood can spin out the other assets accordingly. This game plan has been in the making for the last year or so. I completely agree with Kalaa's decision to step down. You could see it in his body language yesterday that he was well and truly P'ed off. 5p for share holders and doors closed for us, the benefit to the Chinese..game over. | bizz2bizz | |
10/6/2015 09:03 | Mpinga always looked half doped . Not the sort of dynamic CEO you would want to triple your share price so it may turn out to be a blessing | juju44 | |
10/6/2015 08:54 | Mugabe likes Chinese bearing gifts. Certainly no white man will get the job. | mreasygoing | |
10/6/2015 08:48 | I would think they do - he was the one who allowed them in in the first place. | weegeordie | |
10/6/2015 08:44 | I think this is a set back. Mpinga courted Mugabe well . Maybe these new guys have Mugabe links we dont know about | juju44 | |
10/6/2015 08:41 | Mpinga gone then. Well the Chinese well and truly have their foot in the door. | mreasygoing | |
10/6/2015 08:37 | is that Carole Mathonsi gone as well | the stigologist | |
10/6/2015 08:33 | Surprised at the outcome but not disappointed to see Mpinga go. I don't think corporate governance was his strong point. They obviously had him by the nuts. Was anyone at the meeting? It would be interesting to know what the atmosphere was like. | mr macgregor | |
10/6/2015 08:01 | Not a holder at the moment but I think this is good news Mpinga has been scattering the profits unwisely imo without true direction - well, if he had any it was not communicated. Will be watching more closely now. WG | weegeordie | |
10/6/2015 07:39 | Watching with interest. | trevorm2 | |
10/6/2015 07:14 | interesting......... | thecynical1 | |
09/6/2015 20:24 | The lack of trading in either direction is curious | juju44 | |
09/6/2015 20:09 | Although jury is out I prefer someone who at least put in a lot of their OWN money into this company so that at least they have a big interest in making this company work. If he can make this company work better I don't mind if he is British, African or Chinese. Considering that the old BODs have had their chance over ten years but has failed the all the satkeholders in this company except for themselves, a change is to be welcomed and hopefully it is a change for the better. | ceaserxzy | |
09/6/2015 16:55 | Frankly, I don't get nothing. Not the outcome, not the trading, nothing. Expect the unexpected. Yes, and now what? | greedfear |
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