Baron83
24 Nov 2014
MWA The Chinese are certainly the early movers in this country and with MWAs partner splashing out $25M over 4 years on the Katanga copper project they are clearly seeking a substantial ROI. Last update in October:- On the Kawesitu licence visible mineralisation was intercepted over considerable widths, and at Niton, measurements have confirmed the presence of copper- Detailed results will be reported as soon as assay results have been received and processedHad another look at what we can expect in forthcoming Half Yearly results for the nickel today In H1 2013 the headlines for this aspect of the operation were:- Sales of 2,191 tonnes- Revenue of $21M- Profit of $4.7MFor the same period this year, sales are 77% higher to 3,879 tonnes. Improved margins and a substantially higher sales price too all bode well. Should be tasty reading.Lovely pivot off the 50MA too and break away from the 200MA always +VE.Get the buyers tomorrow and this will shift. Daily is absolutely primed on buying interest
Vincentinvestor1
24 Nov 2014
La Miba [link] french but basically its the rebirth of la miba in a close collaboration between MWA and DRCthis is such a fantastic news!for me 20% of la miba is worth more than 75% in BNC ( probably due to my Belgian background and my knwoledge about former Congo assets imo )la miba is worth nothing in MWA's books and in addition to the company's investments in shares in group undertakings like la miba valued at zero due to impairments,you will find well hidden in the companies books, loans to group undertakings totalling $80,708,300 as included in trade and other receivables whatd does this mean? like BNC bring it back to live , reverse impairments increase shareholders value and recup old loans to increase postive cash flowsthere's so much going on today with mwa, they have so many hidden gems in their accountsand nobody seems to care , nobody seems to know leaving MWA stock prices drifting in some dark fantasyland totally divorced from reality. For contrarian investors who like to buy their profits cheap to maximize their future returns, this anomaly has created an extraordinary buying opportunity. imo
Baron83
23 Nov 2014
MWA The all in sustaining gold costs came down notably in the last quarter to $1,061/oz. We wait to see where it goes from here but clearly such opex against the current Gold spot price will go down well with investors. The bigger profit story is of course the nickel side of things and given the surge in that commodity from March onwards it bodes extremely well for the forthcoming half yearly results. The comparable '14 vs '13 periods look very good.Yearly transports savings of $12M from the smelter, generating additional revenues on the leach alloy and getting the assay results on the copper are other material items.Fully expecting anticipation/sentiment to improve as we near and move beyond those up and coming financials.And yes, interesting to note Blackrocks 2.75% holding here: [link]
Vincentinvestor1
23 Nov 2014
kalaa mpinga [link] must read , its in french but it demonstrates whats at stake for MWA in DRC, no value at this moment in our books but if this would happen we would become the African Glencore, watch this space!!! imo
Vincentinvestor1
22 Nov 2014
my 2 cents There is no doubt we are on the verge of a massive reversal Long live the calm and rational contrarians who understand fundamentals and really practice buying stocks low when their prices are cheap relative to earnings.This makes MWA one of the highest-potential and even safest bets to make at a time when the general stock markets are experiencing a hyper-complacent topping. While most investors are foolishly buying expensive general stocks high while the stock markets hit irrational and unsustainable, smart contrarians are buying very cheap gold stocks MWA sees their stocks selling at prices where each dollar of profits only cost $1 in stock price to purchase. This is incredible from multiple perspectives. The last time gold stocks achieved significant popularity investors were eagerly paying over $40 for each dollar of profits. While they loved gold stocks then over 40x earnings, they hate MWA now at just a one dollar PE ratio ....
Vincentinvestor1
22 Nov 2014
per ounce valuation for in ground gold I maintain a spreadsheet containing about 40 gold and silver mining stocks, about half of which are exploration-stage juniors. The in-ground gold resources of the exploration-stage juniors that I follow are presently getting valued by the market at an average of $30/oz.It's reasonable to expect that per-ounce valuations will increase over the years ahead. In fact, it's reasonable to expect that at some stage there will be a massive upward re-valuation. However, in the current market environment it will usually not be appropriate to assign a value in excess of $50/oz to the in-ground resources of projects that are not yet in production. Currently, $20-$40/oz is normal.Mwana Africa hold 5.2m ozs of gold resources ( Freda + Zani ), today I value this at an absolute minimul of 100 million US$ /65 million pounds.because our current market cap is 31 million pounds ( and yes i do attrbute zero value to BNC I am happy to let the market makers play and I will continue to add below 2pimo
Rogen83
21 Nov 2014
Gold $1207 oz on the move
AlphaCentauri
21 Nov 2014
Re: LIBC Interestingly there has been a RNS from one of my other holdings today (GBGR) to say that they are moving up from the AIM market to give their company increased credibility in the financial market place. The manipulation of the MWA share price will take quite some time for it to be considered a serious long term investment.
Vincentinvestor1
21 Nov 2014
today's interview Kalaa Mpinga, CEO [link] course we have the fantastic news about the smelter but he also says investors should continue to look forward to an improved performance overall amid the company's ongoing drive to reduce costs.P/E of 1 is just a jokeCompanies like Mwana Africa should have a P/E ration of 6/8 even taking into account the commercial and political risk of doing business in Zimbabwe!imo
Vincentinvestor1
21 Nov 2014
LIBC its only mwana africa corporate broker liberum who is providing selling liquidity on L2 , if I was MWA's management I would be disgusted by their childless games to make a few pennies at the expense of mwana's private investors imo
Baron83
21 Nov 2014
Re: smelter impairment reversal Indeed, if looking at the P/E, it's a farce. Nice update today.Just need that Blackrock RNS now ;0
Vincentinvestor1
21 Nov 2014
smelter impairment reversal 65% write-back of the BNC impairment last year, smelter could add 35% write back off of the bnc impairment of two years agian. Self-evidently, there will be no effect on either the valuation or underlying EPS in FY15 as a result of any impairment reversal although, on the basis of the reported measure of EPS, Mwana will be trading on a current year P/E multiple of around one!I expect Edison to release an adjusted valuation of MWA shortly imo
Vincentinvestor1
21 Nov 2014
prescribed asset status Under Zimbabwe financial regulations, the investment portfolios of certain classes of investors, including pension funds and insurance companies, are required by law to contain a minimum percentage of prescribed assets.“The Bonds’ status as prescribed assets is advantageous in that it should enhance the appeal of the bonds to such classes of investors given that there is generally a limited supply of prescribed assets available for investment. The country and commercial risk will be taken up by the guarantor so there is huge appetite for MWAs bondsimo
Rogen83
21 Nov 2014
Re: BNC bond issue and Prescribed Asset stat... Cautionary statement21 November 2014The Directors of Bindura Nickel Corporation Limited wish to advise all shareholders that the Company plans to restart its Smelter, a project that will significantly improve the prospects of the business. To this end the Company will seek funding for the project via the flotation of a fixed term debt instrument.In the meantime, the Directors therefore advise the Shareholders of Bindura Nickel Corporation Limited and the public to exercise caution when dealing in the shares of Bindura Nickel Corporation Limited.
Rogen83
21 Nov 2014
BNC bond issue and Prescribed Asset status 98) Options PRN Nov 21 2014 07
09No related Bloomberg headlines currently availableMWANA AFRICA PLC: BNC bond issue and Prescribed Asset status 91) ☆ ("Mwana", the "Group" or the "Company"
BNC bond issue and Prescribed Asset statusMwana is pleased to announce that its 74.73% owned subsidiary, Bindura NickelCorporation Limited ("BNC" has been granted Prescribed Asset status ("PAstatus" by the Minister of Finance and Economic Development of Zimbabwe and asa result, will shortly be seeking funding through the marketing of a fixed-termdebt instrument (the "Bond" to help fund the restart of the Bindura smelter.The Bond has been accorded PA status meaning that Zimbabwean asset managers arerequired to invest a certain minimum percentage of their assets undermanagement into prescribed assets. We will provide further details on the Bondin due course.A 12-month accelerated restart plan was independently reviewed by Hatch Gobaearlier in 2014.
