Member Info for Tracylied

I would be amazed if they knew and I would be even more amazed if they told anyone prior to reaching a threshold. .

believe me I have no need or desire to convince you of anything; especially something that neither of us can prove. The multiple 150k sells in quick succession and now the 1m and 1.5m trades, just enough to soak up any buying. That does it for me, not random sells but an effort. Take it or leave it, it makes no difference to me.

The selling started a few weeks after the AGM, when I suspect he was getting nowhere with the company. The share price was 3.2p at the AGM and it has fallen steadily since. I suspect he does not like the way MWA does business. Who knows if it is him or not but it seems to make some sense to me.

Seems to be a very clear pattern of selling designed to trip the share price down. After the performance at the Agm I see the whinging chinaman as the most likely seller.

It does appear that a motivated seller is determined to push the share price back. I suspect we all know who it is and it cannot last for much longer.

It makes far more sense to me to look at the pending events to add to the 2p baseline valuation. The current market cap is just crazy with the whole company well under the valuation of one part given by the Zimbabwe stock exchange. I see the restart of the smelter as the main value enhancer but we will have to wait for the full impact the be seen in quarterly updates. The additional value enhancer will be a deal to process third party concentrate and the approval of the finance. Both of those are near term now. Additional value can be realised from the restart of underground mining at Klipspringer in South Africa; that is I suspect near to mid term with a four month lead time. ZK 3m oz gold resource could add value with a third party deal but I suspect there is much much more to be had so dealing at just 3 m ozs may not be best value. The resource could easily double with great grades open in many directions and a massive 20m oz resource nearby that is heading into production. The Copper exploration has clearly made a discovery with proven Copper and a wide mineralised area with visible copper. We are waiting on the assay results but if they are good it will really attract some attention. With all the diversification and quality backed up by daily profit it is hard not to be optimistic

And up 200% in six months

The main driver as I see it is the level in the LME monitored warehouse which is at an all time high. However it is not that simple, much is held under warrant and is actually out of circulation. No doubt that metal will re-enter the market at much higher prices which may prevent the price going above $25000 a ton. The level of cancelled warrants is just 88038 tons; that is Nickel up for grabs. The rest is held by agents and as investment so it stands to reason whilst the prices are cheap if a rise is looming the level of warehoused Nickel should be high and rising. Overwhelming is the thought that Nickel prices will rise the stock held in warehouses under warrant is at an all time high of 293724. On the flip side Gold has taken a bashing with the confidence in the USD which simply will not last. The US economy will no doubt be unable to stand up on it's own. In short MWA is all about Nickel in the short term for me with the smelter restarting we are I believe approaching a very special situation where costs come down, nickel prices go up and the SP can only respond by increasing.

Up strongly again and closing in on $16000 a ton. Nickel is well back into profit of about $2600 a ton which realises about $40k a day in profit to MWA from Nickel alone. A well timed run now on Nickel could cover the rest of the expenses on the smelter restart.

http://www.miningne.ws/2014/10/28/zimbabwes-mwana-africa-on-growth-path/

running again. Nickel will perform strongly over the next six months which could well make this deal look very good indeed. http://www.miningmx.com/page/news/base_metals/1646822-Bindura-may-buy-nickel-from-Zambia-s-Munali#.VFJ9cBsqXug

SP opened down again. Looks like there is still the expectation of a volume seller however the volume was near zero yesterday with just a few small time trades.

http://www.mining.com/nickel-price-jumps-again-chinese-port-stocks-gone-by-april-51217/

I suspect Zambia will be attracting more mining investment now Sata is dead. He was a real roadblock for mining in Zambia. Mwa have a diamond interest in Zambia and I suspect they will soon announce an agreement to process Zambian concentrate through the smelter when it restarts early next calendar year.

Agreed and quite rightly. Supply of nickel is tight despite the Lme charts of the warehouses which largely show nickel already owned. Not much good if you need it to process into stainless. Demand is strong despite the scaremongering over a tiny contraction in. China. The seasonal drop in production in Asia will bite deep this year and 20000 a ton is likely over the winter in my opinion.

Matt the LME site is quoting yesterdays prices. I use the kitco metals quotes for spot: http://www.kitcometals.com/charts/nickel.html

Spot is currently 6.8680 a lb. 2200 lbs in a ton

Confident move back above $15000, back to $2000 a ton profit as an absolute minimum.

Looking much stronger today. The 2.056 trades were buys. Even gold is in the green today

Unless gold makes some serious ground the SP will drift or stagnate if the Nickel values stay this low. MWA are still making profit when most are just spending money exploring for a resource. It does take the shine off but MWA is still massively undervalued in my opinion and over the mid to long term will reward handsomely.