Sold some our Sirius yesterday for a shot term punt on Mwana at 3.9p Hoping for recognition by the market when Q1 figures come out - they are a week later than last year. Sirius planning application doesn't go in until end of September -so hopefully can sell Mwana and buy back the Sirius before then. Would want at least 5p though. Will hold on to existing shares though.
Having bought Mwana at 70p and at 1.65p (and various points in between) and am now just breaking even I would suggest that the answer is the price in 12 months is anyone's guess!
So Bindura valued at $111m which at $1.69/£ is worth £66m. Mwana owns 76.3% which is worth £50m.
Mwana market cap today £50m.
Not just the gold that is free all the rest of Mwana is valued at £0.
Price is 3.65p (+17%) according to Google Finance and no of shares traded is 5.4m compared to an average of 9m. Not sure what period the average refers to, but implies not a great volume (£200k) has moved the price significantly.
"The acquisition of three of Carron’s businesses will add 49MW of power response generating capacity to Alkane’s portfolio of generating assets and is expected to deliver an immediate EBITDA contribution and be EPS accretive in its first full financial year."
......and the share price drops - the longer I watch the market the less I understand it!!