Upon reading this NWA forum it looks like most participants are traders. I have news for you, you have to wait two more months, maybe a bit longer. This makes it for most of you a long term investment. But the rewards will certainly make it worthwhile.
We now know that NWA as well as Sino shareholders approved on the deal and Sino's name has been changed into Congo Copper. Two months ago Sino raised 2.6 mln pounds in seed capital at 2p per share. They intended to raise 2 mln but due to a 4 times oversubscription they took 2.6 mln pounds. CC is now doing all the legal and accounting stuff to get AIM listing and raise another 2 mln pounds at 10p. This will bring CC into the big league in Katanga. Bigger than Anvill (AVM). The first year in full production will give CC eps of 2p fully diluted. This is only CC as a copper processor without exposure to copper prices. They also have copper mining tenements in the biggest copper prospective region in the world where grades of 30% are common. Money has been raised so we will see a year of exploring and processing. When will this all happen? Next week formal sale and purchase agreement between CC and NWA will be signed subject to due dilligence and AIM will allow relisting of CC when DD is completed. In my opinion this will take two months. As a final note, its all about management: Executive Director David Cather's CV reads like that of a premium mining executive. A chartered mining engineer who has held senior executive positions with Anglo American and DeBeers.(South Africa) remember we are in Congo not far from SA.
David Mahoney CEO, former resource banker
who held senior executive positions at Climax Arimco and oversaw the BFS of the Philippine Didipio copper gold project. His most recent position was Executive director of Lafayette Mining.
And there is also Gaetan-David Kakudji, Exploration Director. His father was the interior minister in Congo in the Laurent Kabilla years and is a good friend of the current PM Josef Kabilla. They were both refugees and had their education at the university of Liege in Belgium during the Mobutu years.
All in all I think this Congo Copper will take off on AIM and NWA with a 166 mln shs stake controlling interest after CC capital raisings will fly. So why buy Congo Copper at 10p, when you can buy NWA at 2cts.
Cheers
Klaas
NWA
new world alloys limited
Upon reading this NWA forum it looks like most participants are...
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