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Bullboard - Stock Discussion Forum Mawson West Ltd Ord MWSWF

"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 Discussion

Mawson West Ltd Ord > BTW CAD $
View:
Post by samsons on Jan 23, 2015 11:22am

BTW CAD $

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.
Comment by aweigh on Jan 23, 2015 1:52pm
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 ...more  
Comment by michelleb33 on Jan 23, 2015 4:02pm
4 full days since the NR and on another bad day for copper to end the week . Be nice if 2 holds.
Comment by zibo on Jan 23, 2015 4:08pm
It doesn't look like .02 will hold with a dump like that at the end of the day, the ask of .025 wasn't touched today and kept getting larger. Notice how nyceprce has dissapeared since the NR, he never owned a share, was just a paid pumper (by the # of posts), I think Monday this goes to .015 to .02. JMO
Comment by michelleb33 on Jan 23, 2015 4:52pm
I was not surprised by the last half hour of the day dump by share holders with the copper being week and this week's nr. Least big blocks are not taking out the bids like before. Never got caught up in a pump and dump before with a paid pumper like that. Need to be patient. Lots of shares this week were traded. Like to belive galena has something up their sleeve putting more money into this ...more  
Comment by 4ME2URUSTUCK on Jan 23, 2015 5:52pm
RE-zibo. If Your Looking For That sht head nyceprice follow  through elw, you find him through there on another penny stock, He was on there yesterday, a small mining company.  hes still doing the same pump and bash. J.M.O. glta.
Comment by michelleb33 on Jan 23, 2015 6:12pm
4 me 2 unstuck. I think we should go on the bullboard on where he is pumping. What's the play he is pumping now? Like to pre warn investors
Comment by 4ME2URUSTUCK on Jan 23, 2015 6:57pm
RE: Michelleb33- i was going to do that last night , but it was getting late, if a person goes back a few pages on this board, there are a few postings from his profile, a few days ago or so . Can find his latest post from there.  glta. J.M.O. Cheers!
Comment by michelleb33 on Jan 23, 2015 7:05pm
having a few drinks now. No surprise after our copper play. Is acting. If anyone who where that goof is pumping. Please let me know.
Comment by CQCmaster on Jan 23, 2015 7:56pm
Just be patient guys... You'll get your money back and then some. If you've been paying attention to who's been buying shares, you'd feel a lot better about it. The whole reason I'm still in this one is due to that reason and Galena/Trafigura's stake in this. It's just gonna take some time. Go play with your money with other stocks and come back later.
Comment by michelleb33 on Jan 23, 2015 8:29pm
CC master. We have argued before. We all have bought at a sp price and didn't sell for profit when we should of. My sp price is higher than yours. But that's here nor there. People that frequent this board are bag holders like me. Or bought at the current price that your in.i find there are alot of posters that took there loss and want back in lower to have revenge so to say. If I knew for ...more  
Comment by michelleb33 on Jan 23, 2015 8:30pm
oh and once again.if anyone knows where that pumper is doing it on another board I'd appreciate it
Comment by 4ME2URUSTUCK on Jan 23, 2015 8:37pm
RE: Michelleb33, and CQCmaster, check your meessage inbox. thanks Cheers
Comment by Pinksheep on Jan 23, 2015 11:12pm
Good call... For me, MWE is a nice way to enter into the copper mining. I like to crash into the wave instead of surfing on it (with some part of my investment). Thursday, I got out and placed my bet under .02... If I get great, if not, I'll wait till it raise again....
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