dynofish...BRR = Board Room Radio.They will be braodcasting an...

dynofish...

BRR = Board Room Radio.

They will be braodcasting an interview with David Francis (MWE - MD) regarding the recently announced completeion of Due Diligence on the Copper Project in DRC

Scheduled start: Tuesday, 11 July 2006 2:00 PM (AEST)

The market has pretty much ignored the significance of this project for MWE and in particular, the prospectivity of the region.

The interview is likely to kick start their awareness program, effectively letting the cat out of the bag so to speak...I think today's rise was a result of market participants getting in before this happens.

MWE will need to do a placement soon, but given the staged nature of the farmin for this project, they will not need too much cash in the interim...they do however have other things on the go, including a possible uranium angle, so obviously they will be looking to raise money for other things as well.

They have actuall been pretty frugal with their funds, preferring to pay reward their people with options.

Current share structure...
Shares = 80m
Options = 16m (ex 20c May 07 - 6m+ not listed)
Market cap = $16m (tonight)
Cash = $680K (Q3)

Fully diluted status...
Shares = 96m
Market cap = $19m
Cash = $3.8m

Every placement in the past has been preceeded with a fairly significant run, I suspect we are in the early stage of one of these now?

The pattern is such...

Step 1. Identify a need for funds and begin buying slowly, gradually pushing the stock up to a point of early equilibrium, where it is allowed to stablelise while the market adjusts to the new interest while the extent of the pacement is determined.

Step 2. Release announcements conducive to market awarness.

Step 3. Using initial interest as a guage, run the stock as far as it will go until the first serious level of resistance is met...this becomes the placement price.

Step 4. Consolidate the placement range, with the view to cementing this as level of support.

Step 5. Once the placement has been given the green light, give the shares one final push to get them as high as possible in order to create an attractive margin over the placement price.

Step 6. Pat yourself on the bak for a job well done!

In my opinion, we are just entering step 3.

Cheers!