Mawson West Ltd Ord MWSWF

RE:RE:Mawson West Limited Under TSX Delisting Review

[CQCmaster]

samsons wrote:
It was MWE's own choice to trigger that review so they could get access to some of the financing earlier instead of waiting for shareholder approval. The financing also ensures they have the requirements to pass the delisting reviewing. That is on top of the rising revenue stream from Dikulushi and the even larger revenue stream from Kapulo that is opening up. MWE knew this and choose themselves to go that route. The latest news was financing AND a debt restructuring package that has been somewhat over looked. In addition, not only was MWE financed by Galena, but the debt they have from the first financing to build the Kapulo mine was deferred for a couple of years by Trafigura. That is 19million they were suppose to pay back this year (2015) that they no longer have to. Now why would somebody just let them pay back the money later? Because all MWE debt is to the company who has the offtake agreement for the copper and silver from MWE for the next 9 years. The original repayment scheme was established prior to knowing Kapulo's exact schedule. They want MWE to get the copper out of the ground for them and were more then happy to reschedule the debt payment to match the ramp of the Kapulo revenue stream so they can easily afford it. Again to be clear, MWE and the debt they owe is to Trafigura (one of the largest resource companies in the world) and they are partners in this project for the next 9 years. Trafigura has worked together with MWE to make sure the debt repayment matched MWE's production schedule. Of course a smart guy like you Acelove already knew all this...

Just want to add to this, Trafigura is a parent company to Galena. In 2003 the group established its fund management subsidiary, Galena Asset Management.

wiki link: https://en.wikipedia.org/wiki/Trafigura