The concepts you bring up about other people being wrong, and nothing wrong here, are truly laughable. You act like an insider trying desperately to stop real shareholders from getting stuck into the BOD for doing nothing, not getting their legal requirements done (quarterlies) etc, while painting others as being liars etc.
Here are some real examples of people being totally wrong, yet try to get shareholders placated by blaming those of us giving warnings since last year.
@Mutley8 ......2/8/18 ........."
As a holder I have done my research and know WFE has a great future tracking for production by Xmas this year. My price target 10c by end of August and possibly 20-25c by Dec 2018 when we commence production"
https://hotcopper.com.au/posts/34680098/single@Mutley8 ........7/8/18 .............
"Only speculating but I suspect some of the modifications to the plant will be quietly taking place in the background, for example off site prep and manufacturing any new equipment. This type of work is planned out in detail long before it was announced.This entire deal was arranged during the months leading up to public announcement. That’s normal practice. So I’m assuming the plant mods have been preliminarily designed so they could evaluate and price them up for the $0.5M estimate."https://hotcopper.com.au/posts/34760979/single@Mutley8 .........29/7/018 ........."
On the other hand WFE is targeting cobalt production here and now this year in a hot cobalt market."
https://hotcopper.com.au/posts/34615048/single@cfp ....26/7/18..."
I have talked with facts, we are going to have grades at a bare minimum of 1%, we have a production plant that will be processing cobalt within 6 months"https://hotcopper.com.au/posts/34567686/single@cfp ........"
we will be producing early 2019 and have a ready cashflow from day 1, not only that but we will be number 4 on the all time Cobalt producers in the world, some cannot or will not accept this and find a need to argue"
https://hotcopper.com.au/posts/34521332/single@Sitight ........"
They (Non Holders) will be nowhere to be found come the 6th of August!!"
26/7/18 .......
https://hotcopper.com.au/posts/34580940/singleBasically if the promoters of this stock were correct and those of us giving warnings were so wrong, then WFE would be not only trading, have a high share price, and be producing cobalt by now.
Instead it is suspended, work that should be done isn't getting done (quarterlies), information in updates is basically worthless (what have metallurgical tests shown?? Are they being done?? etc) Is a detailed budget for refurbishment being done as per recommendation in METS report etc.
The simple current situation tells the real story of who has been accurate and who is wrong. People always want to believe the story where their money is not only OK but on a great earner, so we all psychologically want to believe the good news told to us by supposedly reliable sources. Posters like
@Mutley8 are always reassuring, and of course paint in a bad light anyone with any information against the investment.
Him and others like
@cfp always give glowing reports on everything about WFE and call those of us that want people to do something instead of just watch their investment disappear, liars, scaremongers etc. Really? name calling, are you guys 10 yo??
Realistically it is those that are always super positive on something where there are obvious problems that shareholders need to be wary of.
The above quotes above were easy to find because they have so many scattered all over the place, all wrong. The latest comment from
@Mutley8 talk about all the professionals working for WFE and sounds so re-assuring, but ask yourself how is this happening if WFE have no available cash?? Are all these professionals just magnanimous to offer their time and work for free??
Or is the more likely situation that the company is now desperately trying to get an offtake agreement (with no collateral to offer), before they can do anything further??
Why didn't WFE include the work being done by all the professionals in their update?? Or is it simply not happening yet because the company has no cash available to spend on those things??
Perhaps people could start asking these type of questions of the BOD, instead of getting comments about the U-beaut announcement coming "next week". Really?? a director played the 'announcement next week', card AGAIN!!
