GREY:MWSWF - Post by User
Comment by
aweighon Dec 30, 2014 10:44am
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Post# 23271813
RE:Sheesh...
RE:Sheesh...Uknowit wrote: It's getting crazy in here. Like we all know, Galena has financed MWE. They have a lot riding on this. Nobody would do that unless they had read this company's financials inside out and upside down. You think we've done our DD? Nothing compared to what Galena has done. To me folks that's a huge vote of confidence in MWE. Doesn't get much better than that. Bring on the new year and we will see this stock pick up nicely. Cheers all.
Lets not forget about the $ 50 Mill from Trafigura to build the mine, they obviously did plenty of DD too.! The money from Galena is just a bridge to get the mine into production but that being said Galena put that money in, and maybe a whole lot more, in the form of high risk highly priced equity when they could have invested in debt secured by assets and collected a nice coupon at 12% instead.
Obviously they believe they will make a lot more money on a .12 PP than 12% annually .
They need at least .15 to make it worthwhile, that's a 300% return for us !
If Galena has a promotional machine somewhere or any friends or followers whatsoever you'd think the stock should come under significant accumulation at some point !