Bankruptcy out of the way
...Mawson West Announces US$33.4 Million Financing and Debt Restructuring Package...... Can someone explain me why, that on Dec 10/2014, the SP was .02 and after the release of this news, it went up to .055 on Dec 11/2014?.... It was just a possibilitie.... People were wondering if it would be done..... Now, that we are in business with a plant that is already build, that instead of $10 bucks in our pocket we have $30 millions, that the plant will be in ramp up with enough money for any eventuality instead of care and maintenance, can someone tell me why the SP is at .03 right now. Nothing was sure before, that is not the case anymore. I know that Galena are diluting our shares, but the SP was not $5,00 a share to plunge at $2,00. The SP is at .03..... One of the best deal on the market. This ain't a Junior!.... Even if we end up with 500 000 shares in 6 months, this plant cost a $100 million to build ( see Nov 14 NR ), that means $0,50/share and it is done, brand new and ready to roll. The life expectancy of the Kapulo mine is 6 years with 120 000 tonnes of Cu, but their must be some other copper around this plant that could end up at Kapulo in 6 years from now. Why build a $100 millions dollars plant to make only $224 millions dollars profit (if Cu is sold at an average of $7100/tonne) when copper price was at his higher historical price (when they start building Kapulo). This was a little risky for a 6 years life expectancy mine. I firmly believe that with the money brought in yesterday, Mawson will be able to announce that they've find an another mine deposit near the Kapulo mine and that this one is gonna extend its life expectancy.... Never forget that when Galena announced the Feb 25 special meeting at the end of January, the Cu price was at is lowest price in 5 years ($2,45/pound), it can only go up in mid term and no surprise can accure with the building of the plant, because it's already build...... By the way, Cu is $2,72/pound this morning compare to $2,45/pd a month ago that is a 10% rise..... Good luck everyone, and better get in a this price. Next NR'S will make MWE rise up for sure.......