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Bought in yesterday and reckon the latest results are about par for the present state of this particular part of Africa and the current nickel price. Looking forward to the replacement Nomad as that should stabilise some concerns. So, another day, another dollar +-.
Indeed....... be fearful when others are greedy but greedy when others are fearful
It goes without say. The odds are clearly against MWA. But given market cap is £15m and trading of some £20K shares from the last 5 or 6 trades, representing about 1% of market cap, and this dragged the SP down 5-6%... it is again madness. Thin volume is the prevailing environment the swings are expected. Even if nickel price will reach nowhere near the heights of 2014, it is all down to operational cost efficiency. But given the assets alone, 1p is very, very cheap.
May be investors are not interested in MWA because Nickel price is not as high as in 2014 and also the company hasn't appointed broker yet.
Panic selling and I hope not based on the silly discussions being held here and ADVFN.
Agreed everyone has had the same info to digest. I think if you look through my remarks, I have indicated all along I have been in contact with MWA. I am making my judgement based on my discussions with them. So far, I have no reasons to believe other than that they intend to turn things around and remain listed. What I won't do is to engage with punters here or ADVFN to discuss about things a lot of it is conjecture. Not only that, the topics change just about every day. The most embarrassing one probably was the comment made on the Smelter Restart being put on hold by the new BOD - only for it to be refuted in today's BNC results presentation. You are right, it all comes down to trust and like I have said I have no reasons not to trust MWA from my discussions with them. It has not been easy holding MWA share for nearly a year now. I just want the SP to revert direction and MWA to be running without all the commotion.
gorsuch, you should give the Mwana London office a call and address your concerns, it may put you at ease?
Not sure why MWA has dropped after the positive results from BNC today, especially considering the current share price. Hopefully we see a positive move with the announcement of the Nomad.
QUOTE: Hopefully in time to come we will eventually ward off those ludicrous remarks posted here recently (and also on the ADVFN site). Most of which if not all were clearly unsubstantiated. Everybody on the LSE & ADVFN forums have had the same information to digest, so therefore no one is any wiser than anybody else with regards to what is happening at Mwana, so how you can say everybody else's remarks are ludicrous as opposed to your own is beyond me. Basically it all boils down to trust, the board have only managed to enlighten us as to their intentions once over a period of six weeks, now you obviously believe everything they said was the truth, whereas a lot of people might say that is a bit naïve, it doesn't hurt to ire on the side of caution now and again and what will be, will be. Don't forget, they didn't say that they WILL have a nomad in time, they just said that they EXPECT to have one.
Reasonable results while selling at 16,000$/t. Current nickel price 12,800$/t
Happy with another positive RNS this morning. MWA are getting things together slowly but surely and that includes the appointment of a new Nomad which is expected come to fruition and we can then move forward and focus on business. We are now beginning to see the intention of the new BOD - something I have been asking for since the EGM. They are realistic and I think they have provided a fair assessment of the business with regards to BNC. The reality is that the company faces a headwind in slumping commodity prices. Although, the forecast for nickel price is good (for 2016) at the same time they have not shied away from highlighting the need to continue to generate a cashflow in order to ensure the going concern of BNC under such circumstances. From an investor perspective this is all we ask for - honest and fair analysis of the current state of affairs. Looking forward to more updates. Hopefully in time to come we will eventually ward off those ludicrous remarks posted here recently (and also on the ADVFN site). Most of which if not all were clearly unsubstantiated.
A solid set of results in what should be an upbeat week for Mwana with their main subsidiary making $15m profit before tax. Add a new nomad/broker, Mwana results and a company statement on its future and we should get back over 2p. The smelter is meant to be worth $25m in net cash terms when it kicks in because the transport costs alone save BNC about $11m per year. If they can make savings on electricity and overheads they can deal with low nickel prices. If nickel ticks up, as most analysts predict, then BNC should fulfil its promise.
this morning. We should see the share price up today.GLA
a 74.73% owned subsidiary of Mwana Africa Plc, has today released for publication its Abridged Audited Group Financial Results for the year ended 31 March 2015. A copy of BNC's Results can be found at http://www.mwanaafrica.com/ Mwana will be releasing its consolidated Audited Group Financial Results for the year ended 31 March, on 29th July 2015.
Walkley I had no problem buying in this morning at a reasonable price. However the data feed on my L2 has been rubbish today. I have had to relay on £6.00 app that has a 2 minute delay to give me some idea of what has been going on. Depends on how much one has to spend on MWA buys I suppose, but not in that league (yet).
No benefit for who? If the company doesn't want to issue new shares, and largest shareholder, who is now the executive chairman, cant buy any more. it doesn't harm him and slightly reduces costs. But it would harm ordinary shareholders. Think it may be time to get out.
No benefit should read
Leno benefit from delisting. Broker will be found inside that date
today? I knew I didn't like Mondays. Just got this when I tested the water at my Brokers "It is not currently possible to deal this stock online. The Company's Nominated Adviser will resign on 25 July 2015. If a replacement Adviser has not been found by 25 July 2015 the Shares will be suspended on that date. If no replacement is found within a month of the suspension the Shares will be delisted from AIM."
Getting dangerously close to 26th when would be delisted if no nomad apppointed.
Interesting when that came out. Here is the link in full http://www.newzimbabwe.com/business-23779-Mwana+Africa+says+ready+to+engage+govt/business.aspx Purely hypothetically if a Government wanted shares listed on another countries stock exchange would it be easier if they were suspended on said exchange? If that companies broker suspected this was afoot would he hang around and would another broker touch them?? Any answers on this purely hypothetical question most welcome.
Why would they want a bigger percentage of two loss making mines?
newzimbabwe.com
To be fair it's hardly a major shock they want discussions with the new management about the 51% rule. Mpinga probably made it clear they were working towards being compliant. I guess they would need at least the same commitments from the new management. Actually seems quite a soft approach to the situation (given where they are operating). I was expecting it to be a lot worse given the headline. Anyway, it didn't have a huge impact on the SP, given it was post else where early Friday morning. Interesting to see what happens next week. update/news Friday?????