@Deboss ..........."Ironically only you and a handful of other non-holders seem extremely concerned at what WFE's BOD do or don't do. The majority here are happy to hold and wait until the process has taken it's due course."
Curious isn't it, how all the holders that are stuck in a stock that has been in suspension for over 7 months, while the underlying commodity has more than halved in value (from $US86,000/t in early June to ~$US40,000 currently (LME)), are not at all concerned.
I beg to differ, IMHO there are holders of the stock that are concerned yet get shouted down by constant ramping of how many multiples of the last share price the stock will open at, all without any basis.
The company currently does not have an ore supply, yet implied to the market back in July that it was mostly organised.....from July 23rd announcement.........
"The Company is further completing legal and technical due diligence on a number of nearby cobalt tailings projects. A review of the historical records of the tailings dams, including volumes and cobalt and copper grades of the material deposited in the tailings are underway and being assessed. Surveys of the tailings dams are underway, as is sampling and metallurgical testwork. Detailed resource definition drilling programs, budgets and schedules have also been prepared."
IMHO they were referring to the tailings deposits that were mentioned in the announcement by Red Rock Resources, that I linked to last night, that have failed to happen.
Realistically you would think it was the shareholders that are so enamoured with this project that should be asking some very serious questions about why the company is taking so long to come up with all the required information, when it appeared so organised back in June/July last year , especially with the crashing price of Cobalt. (a 50% fall in 7 months is a crash!).
Yet no, all we seem to get is a lot of holders claiming huge multiples of last share price upon opening, based on practically NO information!!
Buying an old non operating processing plant is not an instant guarantee to riches, you can ask the POS holders how that plan has worked out for them!!
