Member Info for Tracylied

Indeed it was. I ran it twice then 3.2m and that was quoted again at full price. I guess they had a hunger as there was wall to wall buying at that point. I think they are well in deficit.

I bought largely at 1.4p and then below 2p on the way up then held. I have added on the last dip below 2p in a big way. My target is double figures.

I have four trading accounts and it was iii.co.uk that offered on 3m, later they offered on 3.2m. I was just teasing them.

That was online for buys and sells at the time of writing

2.61 to sell and 2.79 to buy. The MM's are freezing out the market; only the desperate will sell and the buyers seem to be slowing up. The sell side will only accept tiny volumes online.

I have out of curiosity done a dummy trade and online I can sell 3 million for full price. I have never seen demand like that on Mwa. I will let them have some at 10p or just below.

When that news was released the share price went down by 30%. Clearly over the next year or so this share price will prove ridiculously cheap.

There is so far a very modest breakout. Much further to go to get anything reasonable. I suspect this move will not reach reasonable and reasonable will move further away as this story unfolds. It is rare that the AIM produces opportunity with this amount of tangible quality. MWA has such depth with huge cash generating opportunity close at hand.

I can't think of any metric that has the Sp at 3-4p as a reasonable valuation today. PE and forward expressed PE makes no sense. Sum of Parts has the Sp at 8-10p even with a heavy discount.

does not really tell the whole story of the Nickel. The all in costs include 35% of the sell price for Glencore. The average Nickel value achieved this quarter will be much lower than the last quarter but the all in costs will also be lower so looking across from last quarter is a bit misleading. As of today the margin is about $2700 a ton; last quarter it was $4000. However there has been a major refurb at Trojan which will complete in the next few weeks. This has been hitting extraction and concentrate production. The increased performance will coincide nicely with the restart of the smelter in the spring. To get the most out of MWA we will have to wait until late summer next year when the impact lands on the AIM. I believe MWA will be well over 10p by then.

holding tight today capped at $62m or £39m which is £30m to MWA. Lots of posts on this board but volume is still moderate with a small weight to the plus side. Some small trades again today and some selling from weak hands. I am not buying and not selling at the moment. My holding briefly touched £100k on the screen this morning which is rather tidy but my goals are much higher. MWA will re-rate in multiples over the next 12-18months with near term events capable of short term movement in a very positive way.

would be very modest and really only a reflection of one project. 10p is much more of a starting point

I am not sure half a million shares could ever be described as piling in. Volume is dire with just a couple of micro trades on both platforms.

The capex is $4m to restart the underground mining. The care and maintenance is $600k a year.

I see the important milestones looming as. (1) Drilling at the Copper JV, the massive third party investment is funding 8 rigs on-site; results due very soon. (2) The result of the feasibility study at ZK which will show that a medium sized facility and initial open pit is commercially viable. (3)The smelter restart progressing and ultimately completing with a deal to process third party material. Plans in place the restart the refinery. (4) Further developments to list MIBA with Mwana taking control (5) the further progress with the slimes project at Klipspringer and the restart of underground mining (6) Results from the tailings project at Freda Rebecca and plans for a third mill to achieve scale. All this an much more within the near term will jump start this SP to much more reasonable levels.

The key dynamic for the smelter is the 4000 tons a year production capacity on top of the concentrate from Trojan. Do they step Trojan up 50% or go the third party route. With the Trojan refurbishment complete next month there could be slack above our current horizon with very little investment. The other fact to consider is without the 35% glencore charge to finish Mwa keep more the higher the nickel price goes rather than glen having 35% of that rise. MWA is my biggest investment by far at the moment.

Mugabe is a major roadblock to investment and progress for Zimbabwe as a whole. The sanctions are against Mugabe and his behaviour. With Mugabe dead it would allow the rest of the world to invest. Zimbabwe has fantastic natural assets and the rest of the world would love a go at owning some. I suggest that if Mugabe died then the MWA assets in Zimbabwe would increase in value substantially. There would of course be a huge vacuum which Grace will try to fill but reality is that Zimbabwe does not appreciate or like Grace. Mugabe is the main driver of indigenisation and the policy would I believe die with him, well certainly getting better deals through in exchange for investment will be easier.

There is plenty of demand for Nickel as an investment with 302682 tons currently held in LME monitored warehouses under warrants showing that many think the value will increase . Clearly nickel is far too cheap still and I suspect the horizon is $20000 a ton or just below in the near to mid term. Yesterdays announcement was positive especially as Mpinga states that bank funding was available just not as attractive. Certainly nothing is a given in Zimbabwe but the current risk discount is outrageous given Mwana's track record of operating in these environments. I saw that a prophet was predicting Mugabe's death in 2015 and another in 2016, surely never has a population suffered in peacetime like the Zimbabwe people at the hands of this thieve. I am sure his death will be met with great cheer, especially from MWA holders.

The beauty of the new Zim bond is that the fund managers have to buy into a PA bond so it will be filled no problem.

We knew it would and it has. Everything is slowly coming together for MWA; real value will be attracted to the share in the near future.