Mawson West Ltd Ord MWSWF

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

[aweigh]

CQCmaster wrote: 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.

What your suggesting is that the more efficient a mining operation is the more money goes to Trafigura which would mean that anyone doing a deal with them would go broke. I suspect that they have a fixed percentage or fee per pound or ton of copper purchased and the more effeiciently an operation is managed the more money falls to the bottom line for the common shareholders, which in this case is Galena and Us. Don't forget that Galenas debt is in second place behind Trafiguras and they have $ 5 Million in equity @ .12 so we have a management group in place who absolutely needs to get this mine up and running as efficiently as possible.
Trafigura have been around a long time and our past management weren't complete idiots so I suspect we have a viable deal and to some degree it's even better now as management salaries and overhead etc. have been done aweigh with. What we have now is a Co. run by it's shareholders so we are all in the same boat and if we can get some joy from the price of CU the Co. could make a ton money. Voting no makes no sense to me whatsoever.