Mawson West Ltd Ord MWSWF

So...

[CQCmaster]

Did you guys get your voting packages in mail? Looks like we are faced with dilemma. It's uncertain what Trafigura (not Galena) will do if we approve this package. I think we should all do some research on both companies and see their history. On the other side of things, we don't know if there is another potential buyer. Otherwise the company is toast. Let's hear some opinions...

[surfhunter]

Just got mine in the mail today. For those that dont have it go to www.sedar.com and search for our company and its all there. I've just started reading the Independent Experts Report and I agree that we shareholders should brainstorm this new"ish" information provided.

[CQCmaster]

I'm going through it now as well. For now I'm leaning towards YES. One thing to note, it has been stated that every director in the company (except Non-Executive Jesus Fernandez; a nominee of Galena who has abstained from voting) has FULLY approved the proposal and that they urge us to do the same.

[thegrimreaper66]

This post has been removed in accordance with Community Policy

[newfiebullet777]

Don't think this company is toast yet. Lot of good people working hard. It'll come around. Just give it time.GLTA

[CQCmaster]

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

[aweigh]

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

[newfiebullet777]

Perfectly explained. Agree 100%!!

[CQCmaster]

That's the thing.. is it fixed? Where are the numbers for the "extended offtake agreement"? Not much detail has been posted on this. Whatever money Trafigura earns from selling all that copper, they can easly compensate Galena for their troubles. I do agree with you on the voting; it's silly. Has to be done under TSX rules. For me personally, I only care about the share price

[surfhunter]

Got my vote in online, obviously a yes. Gonna be an interesting few weeks to say the least. Ive been holding a good number of shares for some time now and still feel theres money to made here. Ya it might be later on when copper bumps back up but if all I gotta do is wait then no problem. Shes a gamble but what isnt in life. GLTA

[CQCmaster]

There are obviously positives. The fact that MWE will stay in business is one thing.  Kapulo mine: • Current 6.3 year life of mine, with 86% of Mineral Reserves now in Proven category • Target average 19,400tpa Cu production rate with life of mine C1 cash costs estimated at $1.92/lb. • Kapulo plant commissioning underway and ramp-up expected to be completed in Q1 2015 (April) • 2015

[snootchybootchy]

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

[CQCmaster]

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

[snootchybootchy]

I don't agree but I am hardly an expert.  If controlling the profit has been the goal all along, why didn't Trafigura just buy the entire company outright?  And they probably could have bought the company at a much cheaper valuation than $0.12.  That seems like a much simpler plan than the circuitous route you are hypothesizing.  I think the reason for the debt and

[CQCmaster]

Actually if you think about it, Trafigura already owns the company with the 50 million dollar loan they have lent to MWE back in April of 2014. Part of that loan deal was the Offtake Agreement till 2018 (which would be cheaper to obtain their resources rather than buying MWE right off the bat). Trafigura probably either knew that 50mil wasn't enough to jump start Kapulo (Part of their plan to

[CQCmaster]

Ok... So I finally got the time to finish the entire memorandum and I am a little bit relieved with what I've read on page 65. Apparently the offtake agreement is per "Right to Match" basis. Which means MWE can enter in a bidding contract with third parties and hedge the price of their copper supply. However, once they have set a price and volume, MWE must notify Trafigura with the