It is not unusual for companies such as MWA to soar 50% to 100% or more in any given bull year, if not in the space of a few weeks.
There are many small mineral/energy companies out there and this makes it nearly impossible for all of them to be properly evaluated by a large number of players. The best time to enter a quality company is before the marketplace fully recognizes the merits of its management, its current projects and its plans for the future.
Right now I feel MWA is one such example. Unlike a lot of its peers, the company has been deliberately circumspect about issuing too much information, especially about its Ghana drilling/modelling results - presumably so as not to jeopardise various joint venture negotiations currently under way.
Personally, I expect to see the share price over £1.00 in the next twelve months.