Whate Really is goig ON, page-546

I was waiting with bated breath for the "4th July fireworks" you have been promising, looks like we missed the 2019 version - maybe it might happen 4th July 2020


re: "IMO update on the 4th July fireworks day"
https://hotcopper.com.au/threads/whate-really-is-goig-on.4802748/page-288?post_id=39261289
re: "Yes g-man yes indeed...but the real action on WFE will come on the 4th July..hahaha...opening bells"
https://hotcopper.com.au/threads/ann-appointment-of-metals-trading-and-marketing-specialist.4799404/page-60?post_id=38948836
re: "3. ASX relist and then LSE IPO on the 4th of July"
https://hotcopper.com.au/threads/ann-update-on-status-of-re-compliance-listing.4711267/page-605?post_id=38596609
re: "equals the 4th July on open"
https://hotcopper.com.au/threads/wfe-the-sleeping-giant.4553536/page-108?post_id=36855527

Unfortunately, it appears that the 4th July isn't a very good target date for WFE, as these posts are from 2018
re: "take a seat in the back row for the 4th July"
https://hotcopper.com.au/threads/ann-request-for-extension-of-voluntary-suspension.4259271/page-160?post_id=34038930
re: "Easy...open 6.5 cents on the 4th july and then +10 same day"
https://hotcopper.com.au/threads/ann-request-for-extension-of-voluntary-suspension.4259271/page-88?post_id=33966030
re: "4th of July mate..enough said...sure you will be posting...i’ll be grading papers whilst WFE grading cobalt"
https://hotcopper.com.au/threads/researching-wfe.4098631/page-1304?post_id=33896910
re: "Spot on mate...positioned nicely for 4th July “fireworks”
https://hotcopper.com.au/threads/ann-request-for-extension-of-voluntary-suspension.4259271/page-14?post_id=33856422

re: "rinse and repeat from the non-holder" - to which I will say, rinse and repeat by a holder as per the above the track runs both ways.....
https://hotcopper.com.au/threads/ann-update-on-status-of-re-compliance-listing.4711267/page-605?post_id=38596609

re: "and the Dual IPO’s around mid August but yes dates bounce around which is frustrating" - what is more frustrating is the the company/Brewer put out a time line (LSE Listing 1H 2019), exciting shareholders hopes without doing their homework on how long it takes to get listed on the LSE!
IMO WFE will not be listed on the LSE mid August,

The following is taken from the LSE web site, it is a count down of the listing process, WFE can skip the "pre-float timeline"
(a) [count down] From months 6 - 3, appoint and instruct advisors and agree on the timetable. ^[1]footnote
(b) 12 weeks - 6 weeks, company and its advisors review pricing issues, host analyst presentations ^{[2] footnote} and produce drafts of key documents - including the prospectus.
(c) 6 weeks - 1 week, UKLA sees and approves all documents, the company and its advisors complete their due diligence, hold PR meetings and road shows^{[3] footnote}
(d) 1 week, the company makes its formal application for listing and admission.
Shareholders will know if it is going ahead as soon as the AITL goes on the LSE board.

IMO WFE will not be re-listed on the ASX mid August;

In most cases an In- Principle Advice application, takes four weeks. ....
Then we add on the time frames for the "Formal Application" to re-list, announce an EGM (minimum 3 weeks notice) for shareholders to approve the transaction (can't get any clarification if the formal application can be lodged before shareholder approval, Charlotte Hope only works Wednesday, Thursday & Friday) If an announcement landed Monday morning 8th July - 4 weeks (minimum) already puts us past the first week of August.....

Footnotes:
If the company has progressed to any of these timeline points you would expect a progress announcement?
Footnote 1: Progress announcement here would at least be an indication that all is progressing well, listening to the silence would not be comforting.
Footnote 2: If / when the company is hosting presentations then at the minimum a copy of the presentation should be announced on the ASX or made available on the company's web site.
Footnote 3: "As above" if they holding road shows

re: "number 2 above with Singapore exchange...new one I wish for"
https://hotcopper.com.au/threads/ann-update-on-status-of-re-compliance-listing.4711267/page-605?post_id=38596609
We have obviously given up on the notion of listing on the NSX, so lets try this one
I do note that your language doesn't appear to be so "optimistic" now that wild predictions are not coming to the fore, as well as all the positive posts on listing on the LSE, it is now only ...... hope?
re: "taking time to mature and which will hopefully lead to a “dual IPO listing”

My concerns still remain that no 1/2 Year Audited Financial or Quarterly Cashflow Reports being submitted, does WFE currently have enough assessable funds to progress everything,
re:
Summary of (reported financials) as at the 31st December 2018 - which was the last Quarterly WFE have released......
Cash and cash equivalents at the end of the quarter = $867,000 of this there is $684,000 held in the DRC Solicitor Trust account, leaving a balance of $183,000. Estimated cash outgoing for the March Quarter was $115,000 leaving a paltry $68,000, now if that isn't enough to get your eye brows raised there is more...... bearing in mind that was to the end of March, so we have had another 3 months of costs with only $68,000 to pay for them!!

cheers