Mawson West Ltd Ord MWSWF

What's next ? Well we have a bridge loan to pay back ,

[aweigh]

$ 5 million borrowed from Galena which is coming due on Feb28/15 so how do we pay that back ?
Well I guess if we haven't used the money, which seems unlikely, we can just give it back or we will need to sourse that money from somewhere and the only place I can think of is the backstop agreement with Galena which contemplates us needing between $ 8,640,000 and $ 21,600,000 which will be supplied by them @ .12 per share.
So I'm thinking we should be hearing about another PP soon and the more money they dump into MWE at .12 the more important it becomes to them to get the stock going or else how do they ever get their money back ?
There are only 2 weighs:
1) sell the Co. to someone else at .125 or better.
2) buy the whole co. and dividend all the excess cash to themselves

There are minor variations to this but ultimately the stock should go higher unless of course the copper market goes into the tank forever or Galena makes us an offer at .035 and no one else comes in with a better one.

Any other thoughts on whats next  ?

[zibo]

Here's a thought Aweigh, since I exited this play ( at a loss) I moved into CRH, GUD (which I mentioned here) and TRX, check the charts on these in the last 45 days.

[aweigh]

 Good for you but I still don't know what the thought is, could you be more specific.

[zibo]

I'm suggesting maybe move on, there are better plays, MWE is so heavily diluted now depending on Galena's backing, copper price is unstable, and MWE has fired the captain and crew and is being run now by pirates, who may or may not have a plan that benefit's shareholder's. The risk reward here isn't favorable JMHO.

[rightpicks]

I guest other ones you'd mentioned are for rich people to play. So for I think MWE is doable for now. Cheers! DYODDs

[aweigh]

Galena are shareholders, 20% with an option to increase that to 65% . Yes it's possible they could do something nasty but they and we are domiciled in reasonably lawful places so out and out stealing the assets may not be that easy. They are also in the business of financing/investing in resource Co.'s so publicly screwing investors wouldn't provide the best optics for them going

[snootchybootchy]

Why would anyone sell now when there is a significant catalyst within the next few weeks (the completion of Kapulo).  There is 40% upside at least, perhaps even more when that announcement is made.  I'm also in T.GUD and V.TRX (as well as V.PHM, and T.PLI) and their valuations are more than overstretched.  Those stocks are moving up on pure momentum only.  MWE on the other

[4ME2URUSTUCK]

Whatever Galena has up there sleeve if anything May be to get both Kapula and Dikulushi Mines  in operation when applicable, that meaning the price of copper rising to an appropriate price, hedge the copper price in at a gain if they can, Have Low operational costs , find a buyer for a good price to buy MWE in the meantime, Or Trafigura group puts in a better bid and runs the mines for approx

[snootchybootchy]

This is just conjecture only but my guess is that the next step is to complete the commissioning of Kapulo.  They will operate the mine at reduced capacity, just enough for MWE to satisfy the debt payments to Galena.  It is to Galena's benefit to keep as much of the ore in the ground during this period of price weakness.  And once Kapulo is commissioned, it will also allow