MWE mawson west ltd

I think you might be close to the magic number there Tillydog,...

  1. 1,619 Posts.
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    I think you might be close to the magic number there Tillydog, not that I don't like Denials $3, but my concern has always been that the get into a situation that they need to raise cash. If that happens then you can forget $3, it will be diluted down dramatically. My heart knows the value is there in the company assets, but me head wonders how badly this has been run down and if they can dig themselves out of this cash hole, no pun intended as that is exactly what Dikulushi is, a cash hole. If it doesn't fall in before they get to the UG crown pillar. The cutback is scheduled to produce about $350M worth of metal and most of the costs are now sunk, therefore effectively it will sure up the balance sheet and fix all sins. This cash is worth in itself about $2 on the SP which makes Denials $3 look like a dead cert...

    Tubber
 
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