WFE 0.00% 2.4¢ winmar resources limited

We are in the end game now, page-61

  1. 2,722 Posts.
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    Too funny that you went that far to have my post deleted...........here it is again as my opinion


    Your suggestions got binned last time but if you obviously want to go through this old grind again? I guess you couldn't resist as its becoming apparent your every effort to continue down ramping before the prospectus puts it all to bed. I would suggest to any investor to ignore rampers either up or down and read the company announcements and read the upcoming prospectus with a fine tooth comb. Rather than listen to random post from non-holders wanting to mislead and snap up shares on the cheap.


    Happy to do it again for any new readers until the prospectus comes out......


    IMO WFE has no intention of buying and processing bulk ore and processing dirt that hasn't any cobalt along with the stuff that has. Remember the old cake mix scenario? You've obviously forgotten.


    IMO from my conversation with JB the company has been engaging with artisinal miners that are semi-mechanised so they are not hand digging, referred to by the company in the announcements as "established mining operators". These types of artisinal miners are capable of provide around 3000-5000T per month each, that was said at the company AGM, feel free to call JB directly and ask. Satisfy yourselves rather than listen to anonymous posters on a forum with underlying agendas. sneaky.png


    By your own admission artisinal miners can achieve 1-3% because they chase cobalt rich veins. Hence your super impressive link to USGS is useless information. You need to understand established mining operators are not your big miners most people are used to seeing like here in Australia. As per my conversation with JB they use mechanical equipment instead of hand digging but the process as you described is much the same. So achieving 1-3% is every day stuff.


    IMO currently the Chinese and Indian operators are getting 1-3% supply already so its not new and certainly not some miraculous desire of the company. Check out this post I'm sure @apkjm can provide some of the reference articles from back then.


    https://hotcopper.com.au/threads/cobalt-stocks.4525984/page-61?post_id=36489161


    I realise the closer to the date the more anxious it becomes for you guys siting on the outside, but its not going to change anything no matter how much you post. The full form prospectus I'm expecting will be all encompassing similar to an IPO for a new listing company. wink.png


    Like I said previously there is no announcing ore supply or sales information now as the prospectus is due out soon. But I do sympathise with your time frustration


    So you enjoy your crickets and as a current shareholder I'll enjoy looking at the prospectus biggrin.pngbiggrin.pngbiggrin.png


    It's not everyday a company director puts in half a million dollars from his own pocket into a CR, refer July announcement. There is no better informed person who knows what escalation in value is to come from this little ol' explorer undergoing a full transformation to a cobalt producer! Boooom!!! 

 
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