GREY:MWSWF - Post by User
Comment by
Pinksheepon Feb 26, 2015 8:06am
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Post# 23466996
RE:I'm back!....
RE:I'm back!....Pinksheep wrote:
Back in the New-York groove.... When the vote will be a yes, galena are gonna start the plant in less then 30 days after. A yes is sure cause all the BOD is backing Galena. The day after the vote, the road will be paved to acquire 57% of MWE if they invest over 30 millions dollars. The sooner they will start, the sooner the start up will be done to make sure everything is properly working. This way, they'll be ready for full production when copper price reach the $3 dollars range. After the meeting on February 25, the share price won't never be under 5/6 cents again. JMHO..... Good luck
Here is what has being said in yesterday NR..... Anthony Lloyd, Chairman and Acting CEO, commented: "The strong support shown by shareholders at today's General Meeting paves the way for Galena to become a strategic partner and a major shareholder of Mawson West. Galena brings their technical expertise in the resources sector, extensive history of resource financing and important immediate capital, allowing the Company to continue with the ramp-up of production at the Kapulo copper project. I would like to thank all of our shareholders for their continued support through this period of transition and I look forward to the next stage of the Company's development with our new strategic partner." ........... So, like I said on Feb 18, they're getting ready for the real production. The day after the vote, they already mention the continuing of the ramp up production..... So, to make sure I wouldn't get burned, I've said 30 days for a start up, but they are faster then I taught.....