Purchase: Mwana Africa
Written by Portfolio Updates   
Thursday, 05 November 2009

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.

Last Updated ( Friday, 20 November 2009 )