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Written by Portfolio Updates
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Thursday, 05 November 2009 |
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New security added to Money? What Money?'s investment portfolio:
Company Name: Mwana Africa PLC
Symbol: MWA
Puchase Price: 13.5 Pence Per Share
Date of Purchase: 5th November 2009
Target Price: 17 Pence.
Summary:
Mwana is a mining company focussing on precious metal, base metal and diamond extraction in Africa. They have various interests in Zimbabwe which – due to the current political turmoil – has led many investors to avoid any substantial commitment.
The focus on the risk posed by their interests in Zimbabwe has led to a disproportionately low valuation given that they have substantial assets in other parts of Africa.
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Last Updated ( Friday, 20 November 2009 )
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