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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 |
---|---|---|---|
02/7/2015 16:40 | Gfrae - if you look at boards like this, unfortunately many PIs appeared to agree with the resolutions, although I was not one of them. The professionally written brochure that many of us received from the requisitionners played down the threats, stated that they had not been in contact with the major Chinese investors (so didn't know which way they would vote) and made no mention of ousting Mpinga (although this should have been an obvious outcome for anyone voting for the resolutions). With 5.1% from the requisitionners and the 30% from Chinese investors, it wouldn't have taken much to tip it over. I completely agree with your sentiment that the EGM was illogical and don't understand why anyone would have voted for them though. | redtrend | |
02/7/2015 09:59 | I am afraid the situation is a lot more serious than that juju, the EGM motion was totally illogical why would anyone vote for a motion that would leave the company being controlled by it's 30% Chinese shareholder? Why would you vote in favour of a motion that would lead to the resignation of your nomad and possible delisting ? Who put Dearing up to this ? Who paid him ? ( eg. was it Lord Halifax )? If this motion had been put up in the free spending days of Baring it might have made some sense. The above are questions that a new nomad would have to consider and to satisfy themselves that nothing untoward has happened. Presumably Peel Hunt were not satisfied. | gfrae | |
02/7/2015 08:41 | Peel Hunt was obviously supportive of the previous regime and would not sit easy with the new guys because of this , so it would be expected that they would seek a new Nomad . If they are not gangsters why would any broker turn down the business ? I think punters are making too much of this and expect them to appoint a Nomad in due course - they are in discussion and looks like they have been before this RNS. If they are gangsters and are trying to steal our Zimbabwe huge Nickel enterprise then I would think they will have some job getting past Mugabe. Not as bleak as is being painted | juju44 | |
01/7/2015 19:25 | I'm possibly more cynical than thecynicalone but they seem genuinely disappointed to see him go. As the ex-chairman, perhaps he can put a word in with Alecto's NOMAD. | gwr7 | |
01/7/2015 13:40 | He must be thrilled- 40% fall in Mwa shares on the announcement of his arrival! | gfrae | |
01/7/2015 11:26 | I see MWW has resigned from Alecto Minerals following his appointment at Mwana. On other news and although too early to say on whether this is the start of a long term reversal in accumulating LME Nickel inventories, but before I went on holiday around 3wks ago Nickel stocks peaked at 470K Tonnes in LME warehouses. They are now at 456K Tonnes (with 3,000T being draw down yesterday alone). | redtrend | |
01/7/2015 09:27 | If you are referring to me-I did not,and you have. I said that the Edison note said that a likely consequence if the motion succeeding would be the resignation of the nomad. Therefore,any informed shareholder would have been aware that the resignation of the nomad was a likely consequence of voting with Dearing. | gfrae | |
30/6/2015 22:39 | Gwr7- you're correct. One poster stated that, or I've misread that post, and I presumed it was correct. Clearly it's not. Thank you for pointing that out. | greedfear | |
30/6/2015 19:27 | Technically this is so oversold that any glimmer of hope will produce a huge bounce | juju44 | |
30/6/2015 19:19 | couldnt be . Even a dead cat would bounce higher than that | juju44 | |
30/6/2015 18:53 | Dead cat bounce..... | timgw | |
30/6/2015 16:49 | Not sure what you mean. The nomad wasn't mentioned in any of the resolutions. | gwr7 | |
30/6/2015 08:22 | And why has the replacement of the nomad been made so important that shareholders had to vote on it? | greedfear | |
30/6/2015 07:58 | If replacing the nomad is no problem and the resignation was expected (orchestrated) then why haven't they taken care of the replacement before the nomad resignment RNS? Do they really want replacement one could ask? | greedfear | |
29/6/2015 19:04 | They obviously did not see getting a suitable replacement Nomad as a problem and it shouldnt be. I think the reaction here is overdone | juju44 | |
29/6/2015 18:16 | With the news so bad why are more shares not being traded? Thought 1p or below would have been on the cards today. Watching, a real gamblers joy. | trevorm2 | |
29/6/2015 15:00 | As somebody above said the results of voting for Dearing's motion,ie the resignation of the nomad and collapsing share price, were inevitable, who would have voted for Dearing? Presumably,only those for whom a lower share price is beneficial. Own up! | gfrae | |
29/6/2015 13:01 | When you buy shares like this the worst case scenario is always a total loss and I fear it may come to pass. As the temperature rises here I keep humming an old song by The Surfaris - Wipe Out! At least I budgeted for it..... | timgw | |
29/6/2015 12:55 | Too much stock of nickel in the world and growing . has been for past 2 years | juju44 | |
29/6/2015 12:52 | Lots of feeling and conjecture on the board as usual. It seems to me we have all been proved wildly wrong on Mwana at one time or another. It has always been a difficult one to predict. I can understand the logic of selling when the vote went against you. What I don't understand is holding after the vote then selling now. That seems like panic to me. Everything that has happened since the vote was predictable, including the resignation of Mpinga and the Nomad. If a new Nomad is found I'll buy back in. I certainly wasn't disappointed to see Mpinga go. | mr macgregor | |
29/6/2015 12:21 | Redtrend- Don't count on any lawsuits. Institutions almost never care, they just write off (not their money, only other peoples money). And PI's? Well, PI's do care, are p#ssed off, will do this and will do that, sue, complain, whatever! But in the end it has all been 'keyboard-heroism' and they'll just do.....nothing. Believe me, I've been there. I believe there's a plan here, a plan that's not intended to create value for the little man. Just a feeling, a bad feeling. | greedfear | |
29/6/2015 11:07 | Redtrend, I am sure that in the short-term they do have a "legitimate" plan but it's unlikely that it is a plan they are going to share with us shareholders, or that we would like if they did. I will be very surprised if MWA does not now become auto-delisted; holding Ning and the new directors to account after such an event would seem challenging, unless they have CV's to protect in the Western markets. Is there any good experience on this BB about that scenario? The majority holding in Bindura may become the most interesting lever over the next year. But you can bet that they have that base well covered in their plan. | tightfist | |
29/6/2015 10:10 | How would Ning be getting his money back the "fast way" by asset stripping and selling at a loss at the equivalent of this low share price? It only makes sense if they are playing the long game and planning to mop up shares on the cheap prior and during a delisting in the resultant panic, to become the majority shareholder, offering remaining shareholders who held out a "fair price" for the remainder (of which I'm sure their would be lawsuits as it would not be a fair price) and then flipping the company/ assets at a later date once the smelter is complete to the highest bidder. For now this talk of purposeful delisting is just speculation, but shareholders need an update from the new management on NOMAD and potential new CEOs asap if they really do have a legitimate plan. Nickel at $12K/ton and Greece issue will not help share price in short term on top of threat of delisting. | redtrend | |
29/6/2015 10:10 | i don't recognise the description of Kalaa as being a good/great/effective CEO. He was the one who let the wolves in through the front door and then didn't do enough to give them and other shareholders a reason to keep him in place when the assets deserved a much higher rating the only conclusion was there was a persistent management discount rather than a Zim/Mugabe discount | the stigologist | |
29/6/2015 09:52 | Taken the hit, now out, good luck to remaining holders. After this and eel won't be putting any more money into Africa or China. | pca |
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