WFE 0.00% 2.4¢ winmar resources limited

Ann: Quarterly Activities Report, page-159

  1. 6,778 Posts.
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    Are we all assuming that the submission to the ASX is for re-compliance?
    I don't read it that way ....

    from the quarterly ....
    - the company continued discussions with ASX Perth over the proposed acquisition and in respect to some outstanding concerns raised over certain aspects of the acquisition structure.
    - subsequent to the quarters end, the company made an updated submission to ASX to specifically address these outstanding concerns.

    On the 6th of June, the company confirmed that as a result of the company's advanced discussions with a number of parties in regards to Cobalt off-take and associated debt funding it withdrew its application for in-principle advice

    from the quarterly.....
    - the company advanced off-take and associated debt and equity funding negotiations during the quarter with a number of parties in China and Europe, these discussions were the reason that they withdrew the application, if the discussions are still being negotiated then why would they be submitting for re-compliance?

    IMO, the submission is solely and specifically to address the concerns over the structure of the acquisition....... because surely to take any ambiguity away from the announcement they would have confirmed the submission was for In-Principle advice, but they can't really do that as per above, eh?

    Still outstanding
    - the 1/2 yearly financials
    - yearly financial report to share holders
    Both were completed and were just waiting to be signed off - the inkwells must have dried up rolleyes.png

    - the AGM as required by the Corporations Act and ASX listing rules, will (IMO) certainly be the other side of the year

    cheers

 
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