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Mawson West Ltd Ord MWSWF

Metals & Mining Industrial Metals & Minerals
"Mawson West Ltd is an Australian-based copper producer, developer and explorer. It is engaged in the production of copper and silver concentrate production, mineral exploration and development in the Democratic Republic of the Congo."


GREY:MWSWF - Post by User

Mawson West Ltd Ord > So...
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Comment by CQCmasteron Feb 11, 2015 9:59am
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Post# 23417619

RE:RE:RE:RE:RE:So...

RE:RE:RE:RE:RE:So... I don't know what to tell you. It all looks good on paper and a lot of promises are made. Logically it makes sense to APPROVE under the circumstances. However, that "Offtake Agreemen" brings a lot of questions; seems like it is the only reason Trafigura and Galena (sister company) are in this play. They have the right to buy 100% of the production. How much do they buy it for? Probably for a lot less than what market is selling for. Then they sell it at market prices for a huge return while Mawson is just making enough to keep the project running. Since Galena is bringing their expert engineers, they will try to bring the cost of production to its minimal, in which Trafigura can buy all the copper and silver at much lower prices. Maybe I'm just overthinking, but if you do some research on Trafigura, you can figure out their business strategy.
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