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Ann: Quarterly Reports, page-203

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fooca

6,749 Posts.

4215

18/07/19

16:02

Post #: 39585266
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Originally posted by Mutley8: ↑

That’s not nice being resentful for someone taking a punt and making some money. It’s quite common to free carry.....that’s investing 101 stuff.

Penny stocks are about getting in really early when they are high risk - high reward and make heaps of bags with more to come. I don’t see the point to jumping in late on penny stocks once it’s partially derisked, that hugely increases your capital outlay to get a substantial return.

I like my strategy it works a treat for me......of course they don’t always succeed but WFE has the makings of a life changing investment. A 1 in 5 year opportunity I reckon if they achieve that elusive offtake and associated debt funding package. If WFE can achieve that without any serious dilution I reckon 5 bags in 4-5 months after relisting when production commences and 10+ bags in 12 months with production in full swing. After that comes SX-EW plant per the proactive video and production expansions to 1Mtpa per July 2018 announcement. More bags again.......

MC of $1Bn is not unreasonable for a significant cobalt producer in the world. So I’m optimistic for good reason -

Offtake and debt funding means a well funded buyer believes the story and supports the company strategy.
High grade cobalt ore (1-3%Co) means for every tonne process the relative sales result is 3 to 10 times higher than most projects using 0.3% - 0.5% ore
No massive debt means low cost operations resulting in larger profits and better competitive position further down the cost curve
SX-EW Plant substantially lower further the operating costs, METS reported reagents cost represent 63% of operating costs.
Plant expansion from 250,000tpa to 1Mtpa is a massive increase to profits when WFE will be literally debt free
$2-3Bn MC when all that is achieved

So the more non holders I see hanging around these threads getting heaps of likes in the background.....the more I see others recognise the potential for substantial SP growth

So I guess we wait until an offtake and debt funding package is announced with the all conquering prospectus to answer everyone’s questions with some rock solid facts.

I’m optimistic but I am also patient

Heart palpitations are in order
Courtesy of @Scarpa

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I don't understand why you think I am being resentful of you or anyone making money, which leaves me to believe that you have misconstrued what I posted.......

I wasn't questioning your strategy, I actually said that WFE had no strategy 15 months ago.
Re: announcement on the 20th March $3.1M funding to advance Cobalt Acquisition Strategy
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01963643
Same day Winmar Appoints Airguide
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01963644

Let the hype begin with the share price multiplying by 3 over a few days, BUT it wasn't until WFE made the announcement on the 23rd July of their Cobalt strategy - some 4 moths after.
You could argue that they had picked up some trivial Cobalt tenements in Canada but surely that would not suffice to be the "company making" acquisitions everyone is sprouting about .....

I have no idea when you bought into WFE (I dont actually care) but what made you invest in WFE prior to the July announcement of their Cobalt Strategy? because really prior to that they had little.

cheers

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

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