Mawson West Ltd Ord MWSWF

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

[CQCmaster]

snootchybootchy wrote: I think shareholders pretty much have to take the offer.  I don't think there will be any other offers given the price of Cu and the political uncertainty in the DRC.  It's a raw deal for long-term shareholders of the company but a pretty good deal for anyone who started a position within the last couple of months.  I still think Galena's overall plan is to flip the company as soon as Cu prices go up, and Kapulo can be shown to run reasonably efficient.  And likely by that time, there will be some resolution in the presidential elections in the DRC.

There is no way they'll flip it. This mine is theirs and Trafigura's for the next six years. The whole purpose of Kapulo is to produce for Trafigura. It's basically written in the books. $1.92/lb production cost, sell it in low $2s to Trafigura. We get a small portion of earnings (to keep the shareholders somewhat happy) and Trafigura sells it for God knows how much. If Cu hits $3s or even $4s in the future, Trafigura will be laughing with $1-2/lb of profit. And $1.92/lb production cost might be lowered with Galena's technical team stepping in. That could mean more money for us if the price per tonne is fixed for Trafigura or more money for Trafigura if it's percentage based. In the end, no one knows for how much Trafigura will be buying from MWE, so whatever I wrote here, take it as an idea and not a fact. I'm just trying to be realistic here even thought I want the best for us and not them.