Member Info for EssexMatt

Think 4 mill for restart is a steal at twice the price, key as you mentioned is keeping the mine clear and water free. Diamonds are a good bet especially with nations like China Brazil ect and the expanding middle classes diamonds should appreciate in value

Huh, I missed it too. Read it through twice as well

Did you call mwana?? Depending on the quality of the stones of course but you could say that we are making a nice little profit unless they are factoring price achievable from the sale of the 17700 carats into the costings for the quarter??

In that case I would be more inclined to agree!!! What recovery are we targeting in current quarter for nickel recovery?? I guess we are back mining higher grades again??

Disagree with short term nickel outlook, oversold recently and china data better than expected out this morning, certainly going into next year nickel should be trading far higher than where it resides currently. Book looks better now

Brought the bid up a tad, wuffle your probally right about gold cost reductions but CEO indecates further savings to be expected. Even so costs at current level are pretty profitable especially since production is expected to be ramped up further. With regards to nickel smelter decision before year end will be pivotal

They are showing the ability to generate profits quarterly almost half the market cap of the company. If nickel gets above 20 thou again and gold stays steady above 1200's mwa could be a real money spinner. CEO indecates recovery costs for gold set to lower further too

Bad spread most the morning never gonna attract too many buys with a ten percent spread

Yes gold very strong at those prices, good continuation of results

Philippines are supposedly considering banning exports of nickel ore same as Indonesia have

I know that, I'm interested in the smelter restart, klipspringer being removed from c and m and development of other assets too. Possible announcement of buyback/divi to keep the chinese in check??

Tbh it's all speculation really but from what I read they want enough assets to be able to list on main markets and they would need to look at what they have, code word acquisitions lol could be anyone they have their eyes on. I'm more concerned with next weeks results

The owner was in prison with Mandela on robben Island, think he's in his seventies too

Read an article about them yesterday on bloomberg and they said they specifically wanted enough assets to list on the main market in London. They can have the whole shooting match for 250 mill :)

I'm interested by modi in India, he has a great track record with cutting through Indian bs to get industry firing. India could possibly be on the brink of some serious growth if, if they can get their act together. Gla

China hoarding nickel because they know that if the Indonesia ban continues into next year (most believe will be the case) then there will be the classic case of supply not keeping up with demand and we know what that means. China announced yesterday they plan to inject billions into the housing finance system to bolster a fading market, can't believe people can be disappointed by 7.2% growth in q2!!!

Disappointed with where the sp is pre results, felt sure it would hold around c3p, global events and short term nickel weakness put paid to that I guess. Last year I think we got results on the twenty third so could be interesting to see where this trades mon/ties next week. Good results coupled with almost guaranteed strong nickel prices next year could mwana up for a transformational year. For any on the above to happen mpinga has to deliver on promises and stick to timelines as he has so far and the market will get on board again

Next week for sure, and they better be. Markets killing me ATM

Know how you feel!!! If mwana keep generating cash and get the smelter fired up they will have options eg divi, buyback, construction in drc hunters road ect. Cash is king, just need to prove they can consistently generate it. Market won't be able to ignore them forever

Hello mate, I'm certainly not impressed with the pull back to circa 2p and I must say I wasn't expecting it!!! IMHO it's external macros nickel and gold pullback, recent IMF report ect have caused some of the damage. I do agree with a lot Tracy says and believe him to be genuine, I'm a believer that value will out especially when companies are adequately financed as mwa will be going forward into next year. Big question is how well will kala use the money?? People are particularly Leary of African companies ATM even though Zimbabwe has been untouched so far by Ebola it's clearly a concern. Think there is little downside paying 2p then again I thought we wouldn't break below 3p let alone support at 2.5p lol. Are you a holder of mwa stock then??