WFE winmar resources limited

nice valuation, page-11

  1. 10,491 Posts.
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    looking thru caz news, from the 3/6/2010 maiden jorc to 18/10 sale to wfe there's no scope. and no scope after that.. nothing in any of the qtrly's. What's he referring to... maybe a scope was done but never released?

    winmar is close to solomon but couldn't extend into it. is cut off from fmg and extends back into the national park. and no one has been interested in drilling any holes in the tenements that do border solomon. why?

    fmg have had all the time in the world to buy this. If they were keen they would have jumped when caz first put it up for sale. Why did the Indian walk away, fmg has never been interested, Copper and Macmahon leave within 9 months and the board only ever really been finance guys?

    To me it looks like a quick flip that went wrong, as they were never able to string the events together properly. I don't doubt that sp can go up, but what's wrong with the project.... too small to be stand alone, owned by a group that was never really interested in developing it and the only real buyer is not interested either?? anyone want to set me straight?
 
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