WFE 0.00% 2.4¢ winmar resources limited

Ann: Quarterly Activities Report, page-141

  1. 4,308 Posts.
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    Just putting 2 and 2 together....I use a network of brokers and the ones that no of this have gone quiet..all waiting on the ASX submission response....haven't reached out to mgmt in a while and prefer seeing stuff officially announced.....let's be logical....why would WFE continue to pursue here (the recompliance) and burn thru dollars if they thought chances of success minimal or the operation unprofitable....reality is the odds are stacking towards a favourable result as the ASax has allowed them to continue to work the deal structure concerns....WFE like any spec is a punt but the tenacity of mgmt to see this through to OFFTAKE is commendable at ZERO dollars.....if this gets done it will re-rate ....owning a cobalt plant in the heart of cobalt country and securing supply along with offtakes on a relist and dual IPO will be rewarded...but yes first it needs the nod on the OFFTAKE/funding which will then open up the ability to put to shareholders and then into PROSPECTUS.....
 
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Currently unlisted public company.

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