Does anyone know anything about this company ? Apologies for being vague

Used to be African Gold Plc.
Their website is now www.mwanaafrica.com

Briefly checking, the price seems to have been pretty stagnant for some time now, yet quite a few things sound as though they're in the offing, yet no movements ? Or is this yet another african mineral company that promises lots, yet delivers nothing... it was just mentioned to me as one that could do good things in the next year or two, then again a very big COULD.

This was Teelings old baby AFG I think,starting to move,huge increase in pre-tax profit

Yes this was formerly African Gold. Still need it to double to even recoup my money invested in AFG, but at least it sounds as if it's now heading in the right direction

Iwas in at 3pence agood while back,was there a 10/1 consolidation after mwa took over.

Mwa is on a good s.p. rise over 6 months,any views.

still going up-I'm in for a few.

The results look very encouraging--one for the patient investor I think.

Extreme patience my friend....

MWA's recently announced take over of Southernera must make this company one of the biggest diamond explorers after the likes of De Beers. BHP Billiton and Rio Tinto.

A share price of at least 1.00 seems very likely in the next 6-12 months.

Market Cap.value must have increased after Southernera acquisition,hence if shares register stays the same,then s.p. follows,any views,also check out PDL,Plunge.

Mwana Africa to scale back exploration activities in order to conserve cash
AFX


LONDON (Thomson Financial) - Pan-African resources company Mwana Africa Plc. said it plans to scale back its exploration activities in order to conserve its cash balance in view of the recent changes in economic conditions and fall in commodity prices.

'Over the past six months, good progress has been made in developing the exploration programme across Mwana's portfolio of base metal, gold and diamond prospects,' the company said in a statement.

Mwana Africa added BNC, its operating asset in which it holds a 52.9 percent stake, is currently loss-making as it has been seriously affected by continuing challenging conditions in Zimbabwe and also due to the sharp fall in global nickel prices.

The company said BNC is taking steps to reduce costs and the rate of cash outflow and is in discussions with stakeholders to develop plans to lower the cost of supply from BNC's mines while maintaining its refining and smelting capacity, and to ascertain the availability of external funding.

Sounds like yet another set to crash & burn.....

People starting to take an interest at this price.

With respect, since the consolidation, this needs to reach the dizzy heights of 1.63 for me to break even....ho hum. However, I did only have a small punt on them a few years back on the off chance that something might happen, but alas, another one that disappointed.

Can't believe how much buying and little movement.

Nearly 5mil vol and it's gone down, are the mm's holding it back for some reason.
There doesn't seem to any news, any comments??

Stock overhang?

Making a bit of headway today with RNS.:
Business Financial Newswire
Mwana Africa plc, the AIM listed mining group, has announced a promising initial resource estimate for the Zani-Kodo gold prospect in the Democratic Republic of Congo.

It has also received the approval of the DRC's Council of Ministers on the terms of its renegotiation with joint venture company L'Office des Mines d'Or de Kilo-Moto.