Mwana Africa Share Discussion Threads

[wstirrup] 26/7/2015 04:28

Whilst I feel sorry for those who sold all or most of their holdings, sometimes not being "over-invested" in one company, sector, industry or country is sage advice.

I feel the wise decision now is to watch from the sidelines, and perhaps watch for political shenenigans in Zimbabwe. As I've previously stated, I felt MWA had in Mpinga, a Black African, who fitted Mugabe's ideal of local (African) control over its resources.

China's involvement, may be less repulsive than WASPish Britain, or America, but not by much.

Mugabe, and Kasukwere (his boy wonder politician mooted by some to be a potential future President) may get a little more intense over Black control of business there.

On a PM note, there are now many commentators predicting the SHTF moment sometime soon - (September/October) starting with a bond collapse, toxic national debts - first Europe-via-Greece/Puerto-Rica/Venezuela/Argentina followed by Japan in the new year, and China then America/Britain. After that, a rush to PMs is likely as that lot collapsing, will drag down stocks/housing etc as liquidity is needed for margin calls and to pay debts.

The rush for the exits will temporarily mean the prettiest pig syndrome, i.e. mean: initially the dollar will be port of call raising the dollar against other currencies - Gold/Silver being polar opposites, so suffering. Gold down to below $1,000? Silver in all likelihood will follow suit.

Is MWA out of the woods? Nope.

Is the potential upside HUGE? - Yep.

Are there likely massive swings between now and then? You bet.

Keep some powder dry, and add on dips in smallish tranches. IMHO/DYOR etc

W.

[mreasygoing] 25/7/2015 20:01

Well Well, they found a new Nominated Advisor and announce it at the last minute; after many will have sold all or part of their holding. What a caring company who really values shareholders. Don't you think ?

Juju, for what its worth you did the right thing by selling, unless you're a gambler who likes to play Russian Roulette ?

With copper and gold prices getting murdered at the moment, a big rally in the share price seems hard to see, but the chart looks like its forming a base, so its not clear.

I'm tempted to buy back 10% of my original holding and leave it. If this is the bottom and gold and copper/nickel do turn the corner then it could be a good buy.

But how much cash is left if the company is suffering with low commodity prices ?

Results end of the month, lol. If the share prices rallies strongly off the back of them, I'm sure there will be a few people just a little bit angry !

[postiga08] 24/7/2015 17:15

I did. I also told everyone they were going to appoint a nomad today

[asmodeus] 24/7/2015 16:12

Postiga - re yo0ur 7471, which included the following line - "As I mentioned previously Mwana has no intention of de-listing." perhaps I missed it, but why did you not tell us that the Company (presumably) told you they had no intention of de-listing? Some of us might have been more inclined to hold on to our shares if we had known that. But, as I say, apologies if you did tell us, and I missed it.

[kaos3] 24/7/2015 15:42

not very enthusiastic response. TA needs to break 1.4 or down we go again

[postiga08] 24/7/2015 12:05

Oh would you look at that...

[juju44] 24/7/2015 11:51

Yep , I feel gutted . With gold being slaughtered and nickel tumbling I wont buy them all back yet

[loafingchard] 24/7/2015 11:45

I was thinking of you earlier juju44 , bad luck buddy .

[odvod] 24/7/2015 11:30

This NOMAD will start working and I expect news soon which could boost the share price towards 2p but not much more due to the market.

[juju44] 24/7/2015 11:26

Well I screwed that up totally . Now I will have to buy back in

[jacks13] 24/7/2015 10:56

I'm still the wrong side of 3p on my purchases so I'm hoping the Chinese will play nicely.

I'm not really too concerned about the current low metal prices or the smelter delays or any of the normal corporate and market stuff, it's the political machinations being entirely unknowable that pose the greatest uncertainty; Mugabe and his successor, the Chinese dimension and so on.

[odvod] 24/7/2015 10:49

bought. are we filled with the shares who were bought inside this week? I do think so.

[redtrend] 24/7/2015 10:22

Glad I stayed in too, although with an average of just over 2p I have a way to go yet.

I think it will take a while to get back to 2p though. It was range bound for a long time between 1.7-2p before all the EGM and Nomad issues and that was when we were none the wiser that smelter refurb had slipped from Q4 2015 to April 2016 and Nickel and Gold were higher

[asmodeus] 24/7/2015 10:17

The day for what?

[trevorm2] 24/7/2015 10:14

Yesterday was the day, not today.

[apfindley] 24/7/2015 10:11

Hopefully settle back where it was before this uncertainty, which was around 1.8p

[trevorm2] 24/7/2015 10:07

Well done those with good nerves. Back in profit again!!! RNS

[asmodeus] 24/7/2015 10:06

Mwana Africa Plc is pleased to announce the appointment of Grant Thornton UK LLP ("Grant Thornton") as the Company's Nominated Adviser and Cantor Fitzgerald Europe ("Cantor Fitzgerald") as its Financial Adviser and Corporate Broker with immediate effect. (10.01 a.m.)

[apfindley] 24/7/2015 10:06

Talk about 11th hour lol

[redtrend] 24/7/2015 10:00

If that's the case why would they have even bothered to release an update on status of Nomad on 9th July and respond to people's calls and emails in a positive manner?

[apfindley] 24/7/2015 09:45

They will be happy to buy your shares as the price plummets.Normally that would be a good sign, but here it's not as although they clearly want your shares, they are only increasing their position into the delisting so they own more of the non listed company.They will then have free run to do anything, and will never have to report anything to the market again.Unfortunate it's come to this as mwana could've Been a large company.....it still will be, but will be private.

[thecynical1] 24/7/2015 09:35

If one were really cynical, one might conclude that the uncertainty about the nomad is not unintentional and the associated weakness in the share price is possibly of benefit to someone.......or is that being totally cynical? : )

[taxibabe] 24/7/2015 09:10

question is who bought them?