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I certainly think £100m for the MWA share of Freda Rebecca and ZK is likely. MWA can do a lot at BNC with £100m. Hunters Road and the refinery

strategy is getting some press. I wonder if Freda Rebecca and Zk could be on their shopping list. With 5 mines in Zimbabwe I wonder if there is some scope for them to increase production at FR to make the whole thing much cheaper to run. I am not sure on the Indigenisation status of Metallon. Owned by a Black African but does he count for the policy? I do not know. I do know that he is looking at Zim and DRC and wants to upscale massively through acquisition and development. They are speculating on a London listing, I believe they would be better off looking at Canada or South Africa as London does not have a clue about Mining in Africa. I believe the two companies will cross paths in the very near future

Sorry I was forgetting the reduction in royalty which is worth $25 an oz in all in cost savings. so $225 an oz clear profit. I suspect many do not understand the dynamics here and have sold on incorrect assumptions.

Breaking even. What nonsense. The Nickel margin is still $2000+ a ton gold is $200+ an oz. The Diamonds are now making profit. The costs we are talking of are all in costs. The care and maintenance burden has been reduced massively with the income from the slimes and the removal of the smelter care and maintenance. Corporate costs have been reduced. There is no way MWA are just breaking even. There is a good profit coming in daily. At 18000-18500 a ton the costs were 14313 at 15350 the costs will be $13200 due to the reduction in the Glencore deal.

tracylied does not mean I am a liar as I am not tracy. It is a long story and a private joke (tracy being a family name of a male) The person who it is aimed at knows all about it and what it means. I have had the handle for years

If the only measure you view is the share price then I am not surprised you are disillusioned; up 30% on this time last year does not cut it for me. I accept the AIM is a blind fool and look to the business and more importantly the cash profit for advantage because that cannot be ignored for ever. AIM gamblers with their £500 stakes they cannot afford to lose sell when their pants get too tight and are fair-weather friends. Currently they have left but they will be back when the chart starts to rise again. I have been buying at anything sub 2.5p and my average is 1.9p now; I will continue to do so because I do not need the comfort of a rising chart to see an undervalued company. We have had a motivated seller here who has on many occasions triggered off a 5-10% drop on low volume days with 6 or so 150k sells. A few weak hands panic and a couple of million shares are sold. However those days rarely finish with more sells that buys. I see that as weak hands selling to stronger one's and I view that as positive. I think many expected a dividend or some kind of buy-back out of the current year but with the expenditure on the smelter that will not happen; however Mpinga has flagged that as a strong possibility next year. This is not a short term punt, mid to long this will reward but do not judge it yet as the measure is rather unrealistic.

I only took a few simply because it was below 2p. I suspect many view MWA as an absolute no-brainer for serious gain but wonder if they are missing something. I tend to focus on the business, the sentiment and the profit rather than the value others attach to the company today which at the moment is driven by fear. Fear of losing their stake, fear of being in negative territory. I have little fear for MWA; all you are missing is the sentiment. I suspect some see the investment in the smelter as delaying a return of profit to the shareholders instead of a sensible investment in the future.

http://www.miningmx.com/page/news/base_metals/1646822-Bindura-may-buy-nickel-from-Zambia-s-Munali#.VD0td1uPLcs

We have already had most of it so I doubt there are any surprises. Business as usual is the message from the company. Panic sellers going considered buyers arriving. I wonder what their threshold is.

Quarterly update is due in the next two weeks. dazzy yes that does seem to be the way. The updates have shown the growing pains of a restarted mine and process facility as it is brought up to date and made more efficient. The current figures should be good but the best is yet to come as the costs are only really driven down volume of production. It is a shame the draw back in commodity value has coincided with the improved operating performance but that is very much the way it goes. MWA are in a very strong operational position in Nickel, Gold and Diamonds, all are cash generative and have potential to enhance the returns. I see value coming back to shareholders several ways; dividend next year, increased share price through a reduced share-base and increased share price through business/profit expansion. At these prices I would like to see purchases on the market by the company but they are not in a position to do that until finance for the smelter restart is delivered. Trying times.

I took a few more below 2p. You have to believe in the value of the profit the company is making. It is tangible and real. I can understand companies aspiring to production at some point in the future with no cash and no form of Income suffering right now but MWA is making a very tidy profit and that must be recognised in due course.

Indeed it is but it is the only measure and whilst there are sells there will be a reduction in the SP. I believe 7p is a very conservative valuation for what is a very profitable company. There does appear a concerted effort to drag the share price down with quick succession 150k sells. This has been a feature recently and has dragged the SP back from 3p to 2p. I think we have to view it for what it is.

Looks like it is all tightening up now, volume very low and the chart is treading water. Feels very much like this has stabilised prior to the quarterly update that should show good margin and clear profit generation. H1 due December or before that will show a steady first half performance and a profit that makes the market cap look stupid. H1 performance was against the backdrop of material improvements with the processing and extraction that impacted performance and added additional costs. H2 is thought by the management to have potential to produce a much stronger performance.

The cash profit out of Freda Rebecca remains modest but very welcome given the very low market cap. After the reduction in royalty the all in sustaining costs will be about $1050 so a $180 oz margin. At 16500 ozs a quarter production rate the cash profit is $3m or $12m a year. Small reward for all the work until you compare the £8m a year profit against the £30m market cap. Forgetting the cash profit attributable from the Nickel and Diamonds and the value in the ground at DRC and the JV in DRC for Copper and it all looks fairly priced. However with these streams incorporated £100m looks stupid cheap to me. The AIM has a different view right now and the current appetite for risk is largely responsible. No geopolitical risk but the risk of sitting on a profit easily eroded by a market that fails the companies it is supposed to service. I still believe the cash generation will send this share price up one way or another over the mid to longer term as the weight of the cash produced cannot be ignored.

You may want that but you will not get that in DRC or anywhere else at the moment. I suspect they could exchange 50% of the total for all the costs to production. Maybe 100m for a 100k pa plant and mine. If we are looking at a cash deal then 20m USD is about right. It's a poor time to sell, central Africa is very close to west Africa and Ebola. DRC is only marginally better than Zimbabwe. I suspect a JV will be the way forward.

Much depends what the outcome is. With a feasibility study complete and a reserve in place of 3m ozs or so a good grades they have a product to sell. Either entirely or a majority share to retain an interest in future production. What is a 3 m oz reserve worth. Must be £20m for 80% in these tough times.

Yes a change in sentiment would be very welcome. With Metallon looking to increase production to 500k ozs pa through development and acquisition we are more likely to see FR sold that a purchase of another asset. There is plenty in DRC to spend cash on in my opinion. So what's FR worth? Realistically several times the market cap I suspect

Many lost more than their shirt on London Mining today. MWA still earning at least $50k a day by the most conservative estimate; the chart can do what it likes that value is stacking up and must at some stage be reflected in the share price. That income de-risks MWA to a point where value can accrue without a major sell-off. Peripheral income streams from Klipspringer, ZK and DRC Copper could easily add to the income stream in the very near future.

Shows how tightly held this share is when a buy of just 700k send the SP up 5% crazy stuff. Not quite as crazy as this market cap though. MWA is just far to cheap.

I share the view that Mpinga is doing a good job in a challenging environment. He has restarted the assets swiftly and all three are making progress and are in a cash positive position now. He has pushed the most productive asset up the value curve with the restart plan now in motion. I do not see what else he could have done