Vincentinvestor1
21 Nov 2014
the impact of a smelter The move towards production and sales of nickel leach alloy rather than of nickel in concentrates has as its goals an improvement in the company’s revenue and a reduction in the costs of transporting the final product. The cost of operating the smelter is estimated to be more than offset by the higher revenue per tonne of nickel in alloy than in concentrates.The smelter will have the capacity to process metal concentrates from other producers as well as the possibility to bring Hunters road back to live as well as to recover other profitable by-products such as platinum group metals and cobalt.From a financial point of view you should expect that smelter will add 12million US$ to the bottomline of this company on an annual basis. imo
DEREK 1968
20 Nov 2014
Edison's view on Nickel and Mwana [link]
Vincentinvestor1
20 Nov 2014
200d moving average at 2.18p A successful test of the 200 SMA, currently near 2.18 would be a good place to start scaling in a long position, but this has to be done when the moving averages start to turn up or price action confirms a continuation of the up move. basically look at close of business tonight above 2.18 should work out fineimo
Vincentinvestor1
20 Nov 2014
Blackrock is buying Blackrock will soon be announcing that they have more than 3% of MWA, Market makers have been keeping SP down letting Blackrock in on the cheap imo
Rogen83
20 Nov 2014
Re: fireworks tomorrow? I just wonder if GLEN or someone else might have a sniff at Mwana while Nickel and Gold prices are near their ytd lows
DEREK 1968
19 Nov 2014
Re: fireworks tomorrow? Vincent you say low volume but 7 million plus traded nearly all buys is good against our recent daily average.
Baron83
19 Nov 2014
Re: fireworks tomorrow? Vincent, to answer your twitter comment........... very much holding ;0
DEREK 1968
19 Nov 2014
Re: Seller Does anyone have the link to the Consolidated Nickel concentrate. I was under the impression they were still considering their options.
Vincentinvestor1
19 Nov 2014
fireworks tomorrow? Above 200d moving average, low volume no shares available, only from impatient punters making a quick penny not understanding the fundamentals surrouning this companyif MWA tomorrow announces details for debt financing ( 20m - 10% - 5 years = total cost of 30m ) the payback at nickle at 15.000 US$ per tonne would be 2.5 years as project would add 12m net to the bottomlineif nickle goes above 20.000 us$ per tonne, payback would be less than 18 monthsfrom a T/A perspective everything is aiming at 3.3p tomorrow for next resistance level with debt financing as catalyst!fingers crossedimo
Vincentinvestor1
19 Nov 2014
200d moving average if we only could beat the 200d moving average at 2.18p today, i would be a very happy man, as I see next resistance levels north of 3p imo
Rogen83
19 Nov 2014
Re: Nickel roofing it lift off - shares +12% now
Rogen83
19 Nov 2014
Nickel roofing it nm...
parkhurst962
19 Nov 2014
Re: Seller Posted date: November 19, 2014in: Africa, Investment, Mining, ZimbabweNo CommentsKuda Chideme, HARARE November 19 (The Source) – Pan African resources firm Mwana Africa ‘s board of directors is set to meet on Thursday to consider whether or not to float a $20 million bond to fund its $26 million smelter restart project.In June, the Mwana Africa-owned Bindura Nickel Corporation indicated that it would mobilise internal resources to finance 50 percent of the project costs but a proposal seen by The Source indicates that the company could opt for a Secured Fixed Rate Redeemable bond.Mwana Africa head of investor relations Caroline Mathonsi told The Source that the bond route was being considered with the board yet to come up with a position.“The decision is still up to the board. They have a meeting this week (Thursday) and by Friday we will have a position,” she said.In Zimbabwe, bonds are now seen as a tool for plugging funding gaps arising from an underperforming financial sector.The draft document seen by The Source proposes a five-year bond with an interest rate of 10 percent per annum payable semi-annually in arrears.BNC has applied for the bond to be accorded Prescribed Asset Status by the Minister of Finance and Liquid Asset Status by the Reserve Bank.“The bond will be guaranteed by Mwana Africa PLC to the extent of the outstanding bond amount, including accrued interest at any time during the tenor of the bond,” said BNC in the proposal document.In August, Mwana Africa chief executive Kalaa Mpinga told shareholders at the annual general meeting that preparatory work on the smelter had commenced, with the project team having been recruited, while most of the key components of the engineering designs had also been completed and orders for key technical components placed.Site preparations and demolition of some of the infrastructure had also reached advances stages, he said.The smelter which is expected to start operating during next year would offer significant financial and strategic benefits to BNC by producing and selling higher-value nickel leach alloy, cutting on transport costs and expenses associated with selling concentrates.
DEREK 1968
19 Nov 2014
Re: Seller Really have you got a link for that news. Being a private company they do not give much away.
Vincentinvestor1
19 Nov 2014
Re: Seller I think that the deal with zambia is death,Consolidated Nickel Mines decided to send the 4,000 tonnes of nickel ores to a smelter in Botswana. imo
