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2.4¢ winmar resources limited

Ann: Status of Re-Compliance Listing on ASX, page-6

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TheCount

2,104 Posts.

331

22/01/20

14:58

Post #: 42516606
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Originally posted by The Avenger: ↑

It is done.....option 2....I like it....343mt of iron ore as a iron ore pure play...Spot on mgmt....but let's now execute as prices are $95t

yep there are four options -
1. Get the "go"....relist as a unicorn cobalt producer with the deal....supply financials, all oustandings and dual list
2. Get the "no go"...drop cobalt deal, supply all financials and hold AGM and move ahead with iron ore asset with a capital raise to recapitalise the company
3. Get the "no go"....drop cobalt deal, supply financials and hold AGM to "sell iron ore and all other assets"...look for a new deal
4. Get the "no go"... then supply nothing and delist...and move to NSX with the unicorn cobalt deal
Plenty of options....hence all these posts for what purpose....let mgmt do what they need to do....with the spec end it's win or lose....everyone makes promises but at the end of the day your hamstrung to the companies leadership and the regulators....f'n simple

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Sorry Avenger - I can't share your enthusiasm as "management" have had the task for the past 18 months and FAILED.

Small end of town is based upon what they deliver, not promise.

I wish those well, whom decide to stick around. For me, JB is not someone I wish to be involved with ever again.

Cheers,
TC.

WFE Price at posting: 2.4¢ Sentiment: Sell Disclosure: Held
95 Upvote

8 Great analysis

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