Mawson West Ltd Ord MWSWF

RE:RE:Did I miss something ? Nothing but a rehash of events so far

[snootchybootchy]

Nothing new here in my opinion.  Galena decided to complete the financing less than a month ago, two months after the end of the period covered by the financial report.  So they were aware of all the risks outlined in the MD&A and still decided to complete the financing.  This is the first financial report since the previous CEO left.  They presented a kitchen sink report to give the new interim CEO every opportunity to succeed from here.  It's what I would do too.  The story we are still waiting for is whether Kapulo is successful or not.  Everything else is just noise.

Remember this stock is now at $0.04 cents.  The cash flow generated by Kapulo is worth $0.40 even at today's prices.  All the risks in this name have already been accounted for.

GianniM wrote:

so true....

there MUST be some goodness coming in 2015

but as per their Outlook Statement in the report:

"Should Galena and Trafigura withdraw their financial support and the Directors not be able to secure alternative funding, there is significant uncertainty as to whether the Company would be able to meet its financial obligations as and when they fall due and thus continue as a going concern."

Does this mean they can back out and not be penalized or lose their entire amount ? Highly doubt it, but just curious about the statement and why it is there in there "near term Outlook"...

aweigh wrote: ........ No one closes on a .12 PP when the stock is at .04 if they don't believe they can get their money back plus some.