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Which China man was that what did he say?

I don't understand the point of that. The current value is equal to six months ago and 2000 a ton above where it was 9 months ago but we can all look at the charts so what's you point.

looking strong again today after the recent purge. $16560 currently.

Where it was 6 months ago is $2000 a ton above where it was a year ago so it is not all bad, no matter how much you want it to be.

Matt I had intended to take more but ran out of time and missed out. I will take a few more tomorrow if there is no big rise first thing. The fundamentals are solid, commodity values are improving and the assets are robust.

Only bad news Trev is that you may not have bought enough yet.

It is $2000 a ton above where it was 6 months ago.

Indeed the market is not willing to price that in today; that is the opportunity I would suggest. If the SP were 8p now the opportunity would not be there. Of course despite the potential for this share price to rise rapidly the real value is in the mid to long term.

I suspect we will get all in costs for gold at around $1080 an oz, they are aspiring for $1000 an oz which is achievable without a 3rd mill or tailings project.

Either a change in the sector or a real change of gear for MWA. That is what is about to happen with the smelter at Bindura. The wider market we can do little about but MWA are working to reduce costs and they appear to be pushing those in the right direction in gold and Nickel.

Current profit per ton will be $3000+. That is gained from the recent information on all in costs and the saving from the Glencore deal of $700.

Jolly like many of us wants to buy more shares; the only question is when. I want another million and will buy those at 2p but somehow I doubt we will ever get there. I set my buying to take 500k at 2.5p and 200k at 2.4p. I will try to add another 200k for each full point it retreats. It is very true that MWA is making a substantial cash profit. The H1 results in December will lay that bare for all to see. I suspect the first half results will show a profit equal to 25% of the current market cap. Post smelter restart that would be enhanced by another 10-15% to 35 or 40% of market cap. Clearly this is madness but it is madness that may well go further before we get any kind of sense into this market. Personally I would be happy to see a last squeeze.

The headline spread is certainly designed to put off buyers. The MM's have taken a few on in this well engineered purge on the chart or as I like to call it a mugging of soft punters. They have taken some on and will no doubt sell them all back at inflated prices or may well have needed them to balance the stock they had already traded at higher values. I suspect we will see buys showing as sells today at 2.39p. I also expect Nickel to return higher and certainly to maintain a position close to $20000 a ton which is a very sustainable level.

will be interesting and confirmation for us already familiar with MWA but it will not attract any new interest. The H1 results will put meat on the bone; how much profit have MWA made? That is the real story; MWA are not aspiring to profit they are producing profit and aspiring towards increasing profit.

Predictable after the recent Ni nonsense up strongly today. Mwa are in such a strong commercial position and such a weak valuation. I have been buying again.

Much depends where you horizon is. I am looking well beyond 4p. I can afford to tie up £80k for the long term; I do realise that many cannot and must take profit to justify their strategy. My journey is in the early stages; I am here for when several years of solid profit weighs on the share price. I see no reason why MWA cannot make £50m profit over the next couple of years. That will see them well clear to building something substantial here. There is massive value in ZK to be realised as well as in the refinery/smelter. There is plenty of room to move into for MWA. Double figures should be achievable in the near to mid term, personally it is not worth the risk of jumping out at 4p. It is not easy to buy in volume and we have all seen how quickly this share moves in both directions.

Gold production is certainly marginal at current values and I would expect a yearly profit to MWA of £5m which for 60k ozs is poor but they are driving down costs and they could go further with another mill and the tailing plant. Also consider £5m profit against a market cap of just £33m. Certainly £20m profit a year is not a stretch which should by any measure give a market cap of £80m+ as an absolute minimum. That is why I am in and adding.

is at $16000 a ton, costs will be in the region of $13000 a ton, that will reduce to about $11000 with the smelter running. Currently profit for MWA just on Ni is £12.6m, with the smelter open rising to £21m. That is with the current nickel value which is in my opinion totally unsustainable for any period and simply must rise. Calculated on 9000 tons a year, production target is 10000 tons so further upside. Costs calculated on the last figures disclosed minus the 35% reduction from the Glencore share now the total value has reduced. Jolly is Nickel really in freefall, I suspect the recent check was a real as the rise to $20k a ton. The listed value of BIND.ZW is up 280% this year so far and capped at just $94m which really is crazy.

I see no reason for this to be anywhere near 2p, no reason for it to be at today's levels. Both businesses are healthy and making good profit. What we see is gamblers selling some out to buy back in lower, they are tripping the chart on small or tiny volume. At some point they will lose their nerve and be back in. Margins on Nickel even at todays price are more than $3000 a ton considering Glencore shoulder 35% of the reduction in Nickel value. At 2000 tons a quarter that is a great cash profit attributable to MWA from the subsidiary that will be increased with the smelter restart which will in play early next calendar year. This drop is just a greed run, it is not on fear for the business. Greed will return very quickly once personal triggers are met.

The chart has already de-risked by a huge chunk in response to the slipping commodity values. Nickel has made a massive over reaction to the squeeze up a couple of weeks ago. The world continues to hoard Nickel as a hedge against a supply squeeze. There is plenty held in the LME monitored warehouses in the form of warrants; about 25% of those are cancelled warrants so 83k tonnes are actually available. Many warehouses still have queue issues whilst at some the new regulations have wiped to load-in queues out completely. I suspect it is largely a regional issue with supply not matched to demand. I suspect BIND are currently lifting $3000 a ton profit today which is a very nice return on 10k tons a year which is the target.