Mawson West Ltd Ord MWSWF

RE:BTW CAD $

[aweigh]

samsons wrote: I'm a Canadian who lets say lives an international life, anyways... Has anyone else noticed the plummeting Canadian dollar that has been getting hit hard with the falling oil prices and that took yet another dive this week when they announced the interest rate cut? Unfortunately the Galena financing is in Canadian dollars. The money is shrinking fast before they even get to use it. Like MWE's financing from Galena, as someone who personally makes their income in Canadian dollars and spends a lot of it internationally, trust me that the CAD sucking really hurts the bottom line. Its down almost 20% to the local currency here in less than 4 months.

I'm not sure what the heck you're talking about and I don't think you do either. The $ 5 Mill PP was denominated in CDN $ whereas the $ 15 Mill debt was in US $ . Copper is denominated in US $ and we will receive US $ when we sell it. We will then pay back the loan with those US $ , convert some of those US $ into Congolese Puka shells to pay our workers and then whatever is left over will be converted into Can $ and reported as profit.
You may have had a valid concern if we were selling Copper in CDN $ and then paying Goldman Sachs Executives in US $ to operate our mine but we aren't. Kapulo is a very high grade deposit in a mining friendly environment with good infastructure and a cheap knowledgeable labour forse and it has a brand new mine ready to be fired up at any time.    
Galena will make a fortune on this over time and I suspect they will use this market fear to buy us out on the cheap.
Too bad .