Ann: Quarterly Reports, page-18

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08/07/19

13:35

Post #: 39421000
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Originally posted by The Avenger ↑

Yep all systems go from my perspective
1. Working with Airguide to finalise advanced offtake negotiations of which we will hear something “shortly”
2. Dual listing of ASX and LSE IPO’s also a focus...”▪ In April 2019 (post the end of the quarter), the Company has lodged initial documentation with LSE; and received feedback that there are no serious items of concern at this time.
3. Concentrating of the “short term ore supply agreements and the funding” to get this operation up and running with near term cash flow..great working dropping the other licenses for now which may provide an opportunity to pick these up down the line on the cheap...prudent business decision making
4. Finalising the offtake will IMO translate to clear profitability potential in the prospectus and by the sounds of it maximising the current ore supply arrangments will give us bang for buck on future potential at the IPO open...
5. As we have been stating all along get the offtake and funding and we are off to the races...add the IPO cap raises and we should see ourselves cashed up, no further dilution and ready for imminent cobalt production...so to recap
- get the debt funding -upfront capital
- cap raises - upfront capital
- get the offtake - near teen cash flow
- Park the licenses - reduce initial capex
Leads to an imminent “DRC clean cobalt producer”....Jb we may need a new ticker code

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Can somebody answer the question what would happen to our shares in the (unlikely?) event that WFE does not relist on the ASX? Or only on the LSE? Thanks!

WFE Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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