Member Info for Scharnhorst

I think you're scaremongering without knowing what you're talking about and you still haven't answered my question. Instead you're just waffling. If things went pear shaped at BNC, a risk any shareholder has to accept, Mwana's other assets would be unaffected.

Yes Mwana guaranteed the bond, but I ask again, are you saying BNC bondholders could end up with all Mwana's assets?

What do you mean by 'this all'? Are you saying BNC bondholders could end up with all Mwana's assets?

Maybe for Mwana but BNC perked up.

I do not have raised expectations for Q3. It's well documented that Ni and Au were both performing poorly in the quarter and the company was still funding the refurbishment that ended in December. I'm expecting a better Q4 (current quarter ending 31st March).

on here. Q3 update not late as such but later than the last two years and seems worse because someone said it would be out a couple of weeks ago. Also bond hasn't failed. I guess there are high level discussions going on to make sure banks and instis are participating as required by law.

Thanks T. Sounds promising.

I'm guessing it would be unusual for a dual listed company to have a market cap in one country 90% of the market cap in the other country. In Mwana's case its market cap is 87% of its share in a subsidiary. It bemuses me.

Looking forward, costs for this current quarter will benefit in comparison with the quarter about to be reported on as all in costs will have include the refurbishment work that ended in December.

Lol, that was a football club chairman vote of confidence! Why don't you apply for Shepherd's job? You can't be any more useless. I told you losers two years ago Shepherd had holed the company below the water line. It's taken longer to sink than I thought but incompetent management always drag out their salaries for as long as possible.

Zimbabwe set to receive more EU funding http://www.newzimbabwe.com/business-19273-Zim%20set%20to%20receive%20more%20EU%20funding/business.aspx#news

They say home is where the heart is. If he's right they can get to 10m ounces we're laughing.

"what kind of rubbish school would teach yo how to speed that" is a bit of a giveaway. Remember the Scottish drink-drive limit has changed so best hide the car keys today.

Ah, his argument relied on assumptions that I absolutely disagree with. I can't see Mwana staying at 2p for the next two years and I wouldn't have bought Mwana at 95p as I look for bargains. I agree you should be wary of making excuses for CEOs but Kalaa was not responsible for hyperinflation, the collapse of the nickel price, the bear market in gold, the financial crash and western sanctions against Zimbabwe. You can make your own mind up on whether the prospects for Mwana are improving. It's noteworthy that the EU has started lifting sanctions and is providing development aid once again.

I can't see how your post is relevant to the current situation at Mwana. I think it best you sell up and move on. I think some companies are not to one's personal taste, as with some people.

Zach, you are making a mug punter's mistake. Kalaa is responsible for the financial performance of the company, not the price of its shares. The company is sound and has huge growth potential even as the share price does not reflect it. If you cannot see the value to patient investors of such a disconnect then hard luck. I've done my homework and while the majority remain scornful and prejudiced I'm happy to accumulate.

Zach, I think you're analysis is harsh. He's not the greatest speaker but how fluent are you in French and Swahili? Clearly he's a survivor and has performed miracles in getting the company to this position given the events in Zimbabwe over the last decade. Would I rather have a smooth-tongued English suit in the role? Absolutely not. He would have been cooked years ago. Kalaa comes across as honest and genuine to me and I don't say that about many Aim CEO's. I think he has a good strategic grasp of the operations in Zim and DRC and wish him well in delivering on the vast potential Mwana has to offer.

I was looking at the RSVP date on the invite. Apologies.

Out tomorrow.

Does he have a problem spelling Houston, Houston?