Australia's largest stock trading and investment forum Australia's #1 stock forum

WFE

0.00%

2.4¢ winmar resources limited

WFE (soon to be renamed Pathfinder Resources Limited) Prospectus, page-151

First 151 Last

Share
Profile

Follow
DarkLordStoaty

1,977 Posts.

467

09/09/20

13:26

Post #: 47205920
Share

Originally posted by ozblue ↑

@DarkLordStoaty ...."I just want out of this nightmare at some stage.
Starting to feel like Ground Hog day.
Hoping for a tax write off and a chicken dinner.
I'm sure some of the long suffering LT holders want the same."

That by itself is a huge problem for getting the IPO away. Most people will realise that there are lots of people in that position, therefore can get a cheap entry in the market later. This then stops people buying into the IPO in the first place.

That prospectus is IMHO a nothing burger. There is no incentive I can see for anyone to invest new money, therefore the most likely outcome is that the prospectus fails. Lots of prospectuses fail, I've read some shockers over the years. Some are so bad that I cannot say this is the worst, but there have been plenty of slightly more interesting prospectuses that have failed.

This only succeeds if lots of existing shareholders take up the offer, and not just the minimum. Apart from Josh, no-one else has stepped up to the plate yet with any glowing statements, or vast enthusiasm for the offer, and there has been a week to read it..

Good luck on your other investments..

Expand

I have been really really lucky recently with my trading.
These are great times for gold / silver imo.
I need the tax write off the most.

WFE Price at posting: 2.4¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMA

Issues emerging as Australian companies tackle critical minerals challenge

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

There are more pages in this discussion • 99 more messages in this thread...

First 151 Last

Add WFE (ASX) to my watchlist

WFE (soon to be renamed Pathfinder Resources Limited) Prospectus, page-151

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Issues emerging as Australian companies tackle critical minerals challenge

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

NRW Holdings inks $109M deal with BHP for works at Jimblebar

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

Cauldron Energy reports "excellent" uranium assays in latest drill run

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

Defence MOU for propulsion systems pushes Aurora Lab shares higher

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

Featured News