Mawson West Ltd Ord MWSWF

RE:Horrible Shareholders .

[bobvee15]

Perhaps they are horrible because they see the eventual writing on the wall. This company really has been full of overpromises from the gitgo even when they produced the really high grade open pit Dikulushi ore 2 years ago at about 25% of my profitability expectation which prompted me to move on. Now they are dealing with a mining dilution problem there. 



In addition, from what I can see with its weasely 43-101 (that gives a NPV before capex and uses a copper price with a 10% premium for its determination ) this company will not make its all in costs at Kapulo at this level for copper therfore will struggle to service any high cost financed debt obligation which has scared away the institutions supporting it.

I think an owner here might get a January effect trade because its going concern issues are not pressing but if I were given this gift I would admit my mistake  and sell into it.