Hi TubberFurther to my post of 3 Oct my reasons for holding onto...

Hi Tubber

Further to my post of 3 Oct my reasons for holding onto my MWE stock are as follows:

1. Blackrock is a 10% holder and I know this company. They are deligent and prudent in their investment decisions and look to the medium/longer term for their returns.

2. I expect good news to come form the Lufukwe deposit.

3. There should be upgrades to the mineral resource base from Shaba, Safari North and South plus up to another 7 deposits including Dikulushi U/G.

4. I see the new top management as a major plus for the company and its operations.

All things considered, the MWE SP should be much higher in 12 to 15 months time and justifies my decision to hold.

http://www.mawsonwest.com/IRM/Company/ShowPage.aspx/PDFs/1277-42313505/PresentationJuly2012

Cheers

R1