Rogen83
27 Nov 2014
Randgold [link] of at least 3m oz.....hmmmmmmm
Vincentinvestor1
27 Nov 2014
Bull trap? Fundamentals of MWA are looking strong but there's no liquidity as private investors are scared from AIM market as it's becoming more and more the far west of the investment community, also institutional shareholders/funds are mostly not allowed to buy into MWA due to its low market capitalisationBuying and holding AIM shares is a receipe for disaster and capital destruction, still I will continue to hold my 1m shareholding ( average below 2p ) in MWA and I will add below 2p simply as MWA is for me the perfect hedge for rising gold/nickle pricing coupled with a possible re birth of MWA's business in DRCgood luck imo
DEREK 1968
27 Nov 2014
Re: defensive play by Market makers I guess if you do not like the game then you shouldn't play. People are quick to suspect and blame the Mm's who are in this business to make money not a fair market. I suggest you limit your exposure to their antics by buying and selling when the Mm's are looking elsewhere. Mwa does have a liquidity problem as does most of the AIM.
Vincentinvestor1
27 Nov 2014
Re: defensive play by Market makers i disagree with the low profile you give to MMs in an illiquid stock such as mwa, question I have is i f you buy a spread with a MM, all they do is going into the market and buy the stock, thereby hedging my position so that the only thing they make is the spread or as soon as you put in a buy/ sell order MMS will drive the spread larger to make even more money as you can not trade inside the spread as there is not enough liquidity?
DEREK 1968
26 Nov 2014
Re: defensive play by Market makers The MM's only have control, of the shares on their book and their motivation is to trade. They gain nothing by holding MWA back. People are quick to blame the MM's and I can never really understand why; I suspect it is frustration or that they simply do not understand the process. The MM's make the most when a share is liquid and their is confidence within the market place to buy on a decent spread. There must be opportunity to buy and importantly to sell; without fuel this share is going nowhere so we need sellers to avoid ugly spikes. You will not have to wait five years; 12 months will put MWA in a very different place and I believe at multiples of todays value. MWA certainly is not a short term punt for any decent value; yes you may make 10 or 20% of a small holding but nothing of real interest. The 12 months re-rating will be driven by Nickel, Gold, Copper and Diamonds. Yes MWA will need decent commodity prices but the clear profit and substantial discovery will be difficult to ignore.
AlphaCentauri
26 Nov 2014
Re: defensive play by Market makers Trouble is, Vincent, the MMs make the rules and I can't see this share ever increasing to a realistic value for several more years. OK for those who trade between 2 and 3p but not promising in the medium term. I do not have the flexibility for regular trades but will be interest to still be a holder in five years time and see if the P/E increases as well as the share price.
Vincentinvestor1
26 Nov 2014
defensive play by Market makers Mwana Africa first resistance point 2.835p second at 2.970p, 14 Day RSI at 80% at 3.15p, after that its only 52 week high at 4.09p, basically MMS wil let this one fly at 3.15 at this moment they are keeping the lid on fyi
Vincentinvestor1
26 Nov 2014
volume volume is too low !
dotlink
26 Nov 2014
rsi is over 70 and macd is showing over bought, sp will not go much higher unless theres some miracle or news, so expect some heavy selling
Rogen83
26 Nov 2014
This is waiting to burst MMs snaffling shares as cheap as they can but this is only going one way and thats to 4p!
Rogen83
26 Nov 2014
Re: arbitration Arbitration or arbitrage?
Vincentinvestor1
26 Nov 2014
arbitration theres an arbitration between MWA and BNC shares, either long MWA / short BNC or vice / versaat this stage we are clearly in the long MWA/short BNC wave imo
Vincentinvestor1
26 Nov 2014
>100% upside potential at 2.7p its market capitalisation of c US$55m buys a forecast US$15m in cash plus US$45m-worth of publicly quoted shares in Bindura Nickel Corporation, meaning that investors are effectively buying Freda- Rebecca (a mine now forecast to generate a gross profit of US$20m in FY15) Zani-Kodo (with a resource of 3.0Moz) SEMHKAT and residual resources for free!
DEREK 1968
26 Nov 2014
Re: Excellent day/Daily chart I doubt many of us would be happy with a modest rise followed by an equal pull-back. Hopefully Nickel prices can hold out this time and MWA can take advantage of the increased cash generation. The share is looking very positive for the long term, the short term prospects appear tipped slightly to the positive side assuming the AIM is about to add value to MWA which generally it does not do in any sustainable way. Mainly because of the poor quality of the new gamblers (shareholders) that fuel the rise with their small investments and limited targets. Some will remain and become shareholders but many will be off to the next big thing in a week or two. Meanwhile MWA will continue to add solid commercial progress to the story. The question is when will the market recognise the pent up value in MWA; it does not recognise the current value so it can make one lose all hope and faith in this market as a measure. The one thing that the AIM cannot spoil is the cash profit which will at some stage find it's way to shareholders. Being a high rate tax payer I do not generally like dividends but the AIM views dividends as a healthy sign that a company has "made it". Post smelter restart and once funding is found to support the restart of refinery we will see a dividend paid. I suspect that will be next financial year and may start as early as the interims next year (December 2015). Looking at the 75% owned subsidiary and Zim listed BIND.ZW, they are to offer a $20m bond so that takes the financial burden away from MWA and creates no chance of dilution. This should allow for the cash to continue to flow into MWA and will no doubt allow for the restart of underground mining at Klipspringer and some form of advancement at the 3m oz gold discovery at Zani Kodi in DRC. MWA needs to turn projects into assets from the care and maintenance financial burdens they have been. They are doing that with the smelter now and Klipspringer slimes pays for all the costs and some profit in the underground mine. Kalaa Mpinga and the team are doing a great job despite the bleating pathetic display of the Chinese at the AGM which was frankly embarrassing. I remain a long term holder of a personally substantial holding; my horizon is double figures within 12 months then cut and hold at least 50% beyond. Which there is excitement over strong days in the market the volumes are small and the intentions of buyers are uncertain so I see this phase as just part of the journey. Good luck all
Rogen83
26 Nov 2014
Bindura statement re funding go-ahead Out this morning on Zimb stock exchange The ball is well and truly rolling now....
