re:
The point I'm trying to make is these guys are excellent investors to have in any top20, as you can see they will hold strong all the way up, and back all the way down with the rest of us !
An interesting statement to be making, (just my opinion) are the really "excellent investors", if you consider that at the peak share price you indicated and given their holding amounts, if they were excellent then surely they would have realised some profits?
WFE: 397,019,992 (mean cost)@$0.0015 = $578,860.00 (peak SP 14/5/18) @$0.027 = $10,719,539.00,
total profit if sold =
$10,140,679.00
4CE: 39,250,000 (mean cost) @$0.05 = $1,962,500 (peak SP 16/1/18) @ $0.17 = $6,672,500.00,
total profit if sold =
$4,710,000.00
MSE: 48,250,000 (mean cost) @$0.0101 = $488,600.00 (peak SP 23/8/19) $0.022 = $1,061,500.00,
total profit if sold =
$572,900.00
OVL: 200,666,640 (mean cost) @$0.0025 = $501,000 (peak SP 23/10/19) $0.014 = $2,809,332.00,
total profit if sold =
$2,308,332.00
re:
My gut says they are normal punters ( Massive compared to most ) that drunk from the same cool aid fountain as the rest of us.
Don't agree with either parts of this sentence, but thinking that they were drinking from the same fountain is funny. Considering if you felt the urge to go have a look at the STT thread (mainly Feb 17) you will possibly find that they already had their fill of the drinks, you were left with the dregs!
re: Ps. The Ahmads and a few of the other top20 and not jut Brewer investors, they are everywhere on the ASX!
Coincidental that (if you manage to find the references to WFE/4CE on the STT thread) then you will understand that they have taken a large position in the companies mentioned before Brewer comes on the board.
On 18 October 2018, Winmar entered into loan facility agreements arranged by Sixty Two Capital Pty Ltd with four investors for an aggregate amount of
$750,000
. IMO, at the time the company's cash balance was obviously low (reason for loan) but it was also 1 month after the announcement of the BHOA for the JV of the production facility, which suggests to me that it was used for that purpose.
From 1/2 yearly announcement: During the six months to 31 December Winmar paid a further AU$714,145 to African Holding Investment Company Limited (AHIC) to secure the joint venture agreement to operate the existing Luapula Processing Facility, the company had already paid AU$694,515 as a deposit, a total of $1,408, 660.00 which has subsequently resulted in an impairment expense.
So basically, would you lend money for a Cobalt Facility, which the JV has now been terminated and accept shares in a company that only has a 2nd tier Iron Ore project (currently 2nd tier, depending on what they are doing with it) : recap, "excellent investors" ring a bell?
As for the use of "free carried" - not implying anything other than the capital spent on the amount of shares that (Sufian only) has / could be recouped via Sixty Two Capital being the lead manager for raises.
Maybe they will move into gold ? Brewer still has this on his books .....
https://www.businesswire.com/news/home/20190110005600/en/
cheers
WINMAR RESOURCES LTD
