@Mutley8 ......."The prospectus will be out first and investors can decide for themselves what to do with their money."
Ho do they pay for a prospectus?? The company is more than likely out of cash except for the 'deposit' held in trust in the DRC, so how do they pay to get a prospectus written up by all the Independent Experts needed??
It was very noticeable how you avoided the quarterly question!!
There is basically nothing left to ramp here, yet you try your hardest, I assume because you hope to unload a lot of shares on unsuspecting punters that read nothing but 'good' stories on forums like this.
Sorry for some of us to spoil your ramp party with a dose of reality.
The reality is 'no resource', 'no cash', 'no deals', 'no hype' left in the industry and now low cobalt prices, in the year while the BOD have kept this in suspension.
Despite your claims of having "Independent Expert" reports the other day, the ones the company had from last year are not 'Independent' according to the need to be by "competent persons" within the meaning of the guidelines.
https://download.asic.gov.au/media/1240152/rg111-30032011.pdf
https://download.asic.gov.au/media/3336169/rg112-published-25-august-2015.pdf
It is very obvious to me that there are a few company insiders here trying desperately to keep the genuine holders from starting to hassle the company over the lack of performance, by talking up WFE at every opportunity, while shouting down all dissent as 'downrampers' or 'trolls'. (that seems to include 'holders' as well)
The ASX has taken the correct approach IMHO keeping this in suspension while waiting for the correct information, in the correct form, to come from the company. There is no reason to blame the ASX, just the directors of WFE for failing to provide the information in the correct form to the ASX.
If this project had been approached in the correct manner, WFE would have been trading for most of the last year, and if all had gone according to plan, would be producing cobalt by now IMHO.
A simple question for WFE and the 'insiders' here,
Why hasn't WFE done a business case/model on this operation via "Independent Experts" to show the profitability of the proposed operation??
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