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The predictive text changed Bindura to bonuses.

Bonuses is listed in Zimbabwe, that is just the nickel side of Mwa but the 75% owned by mwa is worth more than all of mwa. That is gold, diamonds and nickel. The share price here is crazy. Mwa need another excellent operational quarter to demonstrate the current profit margins even at the current commodity prices. The nickel is misleading as the last figures for all in costs includes a much larger payment to glencore.

We are not far off 1.5p now at 1.9p to buy. continuing the strong operational performance in the last quarter will certainly look positive. The all-in for Nickel will come down substantially in response to drop in nickel prices. Right now against the last given figures nickel is making very little profit when in reality it is something over $2000 a ton. I will be very interested to see if they can maintain the all-in costs for gold and maybe squeeze those costs a bit further.

Richard agree with you totally. I hope we see all-in cash costs for Gold moving towards the $1000 oz mark given the cut in royalty and the upgrades at the mine. We do not know the impact of the upgrades in relation to downtime and cost on-site but hopefully they have been cancelled out by the improvements in efficiency, savings in fuel costs and increased reliability. The current quarter will be more of an indicator and we are into slightly improved gold values. Both projects have potential to do a lot better without huge financial investment. I do not know how the reduction in the cost of oil will hit the transport by truck of the concentrate from Bindura to South Africa for shipping but it follows that it may save some money.

I guess delays were almost inevitable as this is the first of the type. I suspect the timetable has plenty of flex as the long lead time and expensive items were ordered long ago. I guess the bills will just go unpaid a bit longer or be bridged by cash from MWA/BIND.

Just your opinion and you are obviously welcome to it but it would be a technical disaster if that were the case. The company have said they are looking to 900 as their all in cash target. Last quarter can be improved upon significantly with just a few more ozs production. I assume if the all in cash costs come in at 1050 you will become very positive.

The profit in gold looks quite good to me. Will be 250 or so an oz.

The thoughts and ideas about the Chinese economy are only important in so much as it drives investment decisions. The nickel in the LME monitored warehouses is mostly held in warrant and that demand is driven by perception. Reality is that there is no more nickel available now than there was last year; less if you consider the ban. However the Chinese economy is growing at a rate the rest of the world can only dream about. Will there be 7% more nickel produced next year? No absolutely not.. over supply is a myth. There will not be over supply until those holding 350k tons as an investment decide they want to sell. That will be the other side of $20000 a ton in my opinion.

It's been a great week for gold. As the margin tightened for nickel it's increased for gold showing the real value of a diverse portfolio. Much of the pressure on nickel has come from the dollar which is crazy strong right now. It cannot last, the false recovery in the US will crash spectacularly soon.

Last year the quarterly report was out on the 20th January and April's was the 23rd so we can expect it very soon. Friday is often a bad news day so it could run into next week. The bond offer closes today I believe so we will hear next week about the level of interest. There has been what appears to be a steady stream of selling over the last few days. Crazy timing in my opinion.

Yes Matt I think you are right. At meet the miners Kalaa said 900 was the target and 100k Oz pa. That will be with the third mill. They are currently doing an economic study on the third mill to check on the viability of processing so of the dirt that would have been discarded previously. The mill is surplus at a Mwa nickel mine and the processing plant is designed for lower grades from the defunct tailings project. I suspect the two circuits they have could push 75k ozs if ran round the clock. Certainly 300+$ an oz profit would be very worthwhile.

The operational performance is exactly that the metal price today does not have impact on that. The average nickel value will be lower we all know that but the all in costs will also be lower. Margin on nickel will be about $2000 a ton right now. Gold will look much more promising if the technical performance was good and they have increased productivity and as a consequence reduced all in costs per ton. It will be a tough call because the new equipment was being installed during this quarter at both sites producing costs and stoppages. However I believe that we will see gold at $1050 ton all in for 16500 oz.

will like that. I like that as I have to send 100k euros in two weeks. I am hoping to get 1.35

Is most definitely due. Quarterly operational updates last year were released between the 20th and 23rd of the following month. The bond offer closes tomorrow so we will get an update on the level of subscription. Operationally we are looking for increased productivity with some of the quarter using the new equipment and reducing costs per unit produced.

So far. The quarterly updates are normally released 20 something of the following month to the last month of the quarter. 23rd is common but in my opinion Friday is not a good day for news so would like to have seen it today.

Both up. MWA profit margin up, generating substantial cash against the market cap. Still no response from MWA share price. Hope to see the Q3 update tomorrow.

My hopes and expectations are somewhat higher. I see 5p as just a refloating of what we already know. The smelter, the 3m exploration ozs, diamonds in a mine underground in SA and 8 drilling rigs for copper all have potential to add to this story. The real tangible driver is current profit and the is all about gold and nickel. I feel very confident that if the Q3 produces reducing costs and when the bond is delivered Mwa will get moving. Q3 results this week and bond next week. Get in whilst you can.

Is not really that wide. 2.06 to buy and 2.02 to sell currently. I believe mwa is just about to get moving. I have taken another 500k in the last couple of trading days. Gold is looking strong and nickel will follow. Q3 operational performance is due any day and news from the bond will be right behind it.

Good progress in the last week as the recent tide has now turned for Gold given the uncertainty in Europe. I would like to see all-in cash costs very close to $1000 oz in the Q3 operational results due out next week. Nickel and gold values are generally opposing hence the benefit of being in both but I suspect we will see Nickel increase in value very soon as the reality over Nickel supply becomes apparent. Forget the stocks in the LME monitored warehouses they are 75% held under warrant and that will not be released for consumption at these prices. The value will have to exceed $20000 a ton in my opinion for those warrant holders to release their investment/metal. Currently demand will be out pacing supply accepting that not all supply is actually available for use. The next few weeks and months will hold some interesting news for MWA holders. The Q3 operating results, the result of the bond to debt finance the smelter restart for BIND.ZW, the first drill results from Katanga, the result of the study at ZK, progress with increased production at the Klipspringer slimes and the move back underground, the progress of the restart and hopefully a decision to restart the refinery. The current quarter to the end of March is the first complete period with all the equipment upgrades in place and should provide good reading if the technical gremlins can be controlled. I believe we will see the share price progress strongly with news flow that adds significant value. If you are an optimist and see higher commodity values then given all we know several 100% increase from here is not unreasonable I believe over the next 6 months. If you see tighter values ahead then MWA are well covered with expected stronger technical performance and reducing costs. The value I suspect will only come from real profit and some plan to return some of that value. MWA are well placed to do that with little real debt and strong reliable and predictable projects that have been under scrutiny.

Yes great news for mwa. Throw in the reduction in royalty and the exchange conversion back into GBP on the profit and gold again has strong margins. This is great timing with Q3 performance out next week. Let's hope there has been strong progress increasing the volume and reducing the costs.