dotlink
18 Feb 2015
gold price is dropping and the sp here will drop to 1.5p or even lower soon if gold price keep dropping as mwa will not make a profit at this price, and nickel price is not helping either
dotlink
16 Feb 2015
lots of buying earlier and then lots of selling later today and thats pump n dump for quick profit
dotlink
16 Feb 2015
gold price is going up if its go over $1300 then mwa will start making a profit as the all in sustaining cost is over $1300, the nickel price cannot be helped and we need the smelter now, expect sp to go back down to 1.15p soon
dotlink
15 Feb 2015
i am still in profit, maybe i should sell all my shares while the last quarter update/rns is not out yet because i got a feeling the sp will tank to 1.45p and what does 1p sell mean on friday?
dotlink
15 Feb 2015
hopefully the good news is upgrade/adjustment of equipment is completed since september and the bonds, but is that enough to lift the sp over 2p, plus that the nickle smelter will not be ready until later of the year
dotlink
15 Feb 2015
from that presentation that they taken down, we know that the head grades for both gold and nickle is down alot, the amount of nickle mined is down but up for gold, the cash costs all in for both gold and nickle is up alot and thats for last quarter up to end of 2014
dotlink
15 Feb 2015
i bought around 1 million shares at 1.65p avg on friday and will be selling next week at 1.85p for 2k profit, sp need to rise to 2p if spread is wide like 10%
dotlink
13 Feb 2015
this is aim
DEREK 1968
12 Feb 2015
terrible quarter Indaba presentation discloses a terrible Q3 performance. Nickel and gold were both loss making over the last 3 months. Cash will be tight. Trust is low following the delayed Q3 RNS.
dotlink
10 Feb 2015
i meant yesterday
dotlink
10 Feb 2015
i bought 100k shares today and is not even shown???
dotlink
31 Jan 2015
all that profit made will be used to line grace and roberts pockets
dotlink
31 Jan 2015
two words would keep investors away from this share - zimbabwee and mugabee, this is why sp is not going anywhere
Mara Gorsuch
26 Jan 2015
Sounds plausible!! Mwana Africa investor relations executive Caroline Mathonsi said the process of raising funds is continuing until February 27 after it was initially supposed to close on January 23.“The investors have requested for a bit of time as some of them started business this week. So the process of raising funds will take longer. The timetable has been changed at the request of prospective bond holders who require more time for their internal processes and procedures following the Christmas and New Year holidays,” Mathonsi said.Mwana Africa holds 75,4% interest in BNC.BNC said in a statement on Friday its shareholders should exercise caution when dealing in shares of the listed company.“To this end the company is seeking funding for the project via the flotation of a fixed debt instrument. The directors of Bindura Nickel Corporation Limited wish to advise shareholders that the capital raising is still in progress,” the company said.The company requires $26,5 million to restart the smelter and the funds would be provided through private placement of a redeemable fixed rate secure bond of $20 million and the balance will be funded from internal resources.The coming on board of the smelter will improve the prospects of the business.The smelter is expected to restart by the second half of this year.The company is looking forward to bringing its refinery back into production as well as looking at the Hunter’s Road venture.The company expects nickel prices to go up to $20 000 per tonne.The mining counter was a major driver of the mining index last year after it doubled its share price from between 1,29 cents to 2 cents in June.In its financial results for the six months ended September 30 2014, BNC saw its turnover rising to 3 891 tonnes of nickel at a value of $46, 4 million from 2 803 tonnes at a value of S$ 21, 4 million during the same period in 2013.The average nickel price for the period was $18 515 per tonne up from $ 14 437 per tonne in the same period in 2013.Cost of sales increased by 103% to $22, 6 million from $11,1 million on the back of increased tonnage and additional spending on company’s mobile fleet to improve availability and efficiencies.
HPC Follower
15 Jan 2015
Re: Minesite Alastair Ford - who feels MWA should win any court case in England given the documents signed... be good to see this put behind them & some concentration on improving revenues, profits and the share price to benefit us all."Contrary to popular belief, not all Chinese investors have an endless supply of US dollars. Sure, the great parastatals do, and their investments are dictated largely by policy and the necessity of securing supply. But further down the food chain, things are a little different.And it’s further down the food chain that we go in the case of Mwana Africa, which brought in a certain Mr Yat Hoi Ning as a major shareholder some years ago, amid a fanfare – partly of Mr Ning’s own making – which trumpeted the new opportunities he would create in terms of access to Chinese capital and funding and the ease with which that access would allow Mwana to cut deals in Africa.Fast forward to 2015 and before the first full week of business is out the two parties – Mwana Africa and Yat Hoi Ning and associates – have faced off legally and appear to have fallen out irrevocably. The showdown isn’t quite imminent but unless a resolution is found it is coming, as a trial window of three months has now been set from 1st November 2015.What’s behind this dispute? Money, of course. Or the lack of it. The nuts and bolts relate to control of the board, currently headed up by interim chairman Stuart Morris and ably assisted by long-standing chief executive Kalaa Mpinga.At the company’s last AGM in Decemeber Yat Hoi Ning objected to two board appointments, only to be told in no uncertain terms that although his investment was welcome, the terms on which it was secured do not allow him to dictate the composition of the board.In fact, his attempt to do so contradicted the terms of what’s known as the “Relationship Agreement” that he signed back in 2012.Mr Ning for his part argues that his votes should be counted after all, in spite of the stipulations of the relationship agreement, and he’s prepared to go to court to force his point. But even though he controls, together with associates, 29 per cent of the company, the fact that he signed such the agreement in the first place appears to undermine his case before it’s even started.For those who take an interest in these matters, the case will be heard in England under English and Welsh law. So there’s unlikely to be any jiggery pokery there. And as far as Mwana’s assets are concerned, Kalaa Mpinga is so well networked in Zimbabwe, where the company has two operating mines, and elsewhere across the continent that any idea that Mr Ning might be able to secure control of the assets through direct intervention or expropriation is a nonsense. Hardly surprising then, that Mwana’s shareholders weren’t exactly shaking in their boots, and that the shares were virtually unmoved at 2.1p when news of the November trial window was released.Mwana's Freda Rebecca mineMwana’s Freda Rebecca mineSo what then is Mr Ning doing? The answer appears to be that he’s desperately scrabbling around for cash, or if not cash then at least for hard assets.Commodities traders who have dealings with Mr Ning’s own commodities business report that he’s broke. Put in that light his latest manoeuvres seem to make more sense. After all, he has control of 29 per cent of a company with a market capitalisation of £29 million, surely natural justice should dictate that he be able to exert influence at board level, and if not to make strenuous efforts to try to make that influence felt.If he were to secure a more significant influence at Mwana, then the Zimbabwean assets might potentially be used to mitigate financial difficulties elsewhere in his trading empire. Precisely how remains unclear – perhaps he would seek to monetise assets, subvert dividend policy or cut deals other than the ones Kalaa Mpinga and the Mwana team might otherwise cut.But the short version is: he’s t
