Finally someone else who gets it!
People need to realise atm you have 0% of anything until the dollars are spent. Its a significant amount of investment just to get 70% and there are so many variables along the way. Highly speculative and possible high returns but i personally dont see bags on this until drill results are back late this year early next.
Given the cash burn rate and the drilling to come this will need another c/r early next year. Good results from this round of drilling needed otherwise mass dilution will be inevitable.
Significant events coming up are
1. Drilling plan release
2. Drilling approval
3. Drilling commencement
Late this year early next
4. Drilling results
5. Cap raise
Early next year
6. Court dates for sainty, Halgreen and Alexander
Big one for my mind is what happens I think March? next year at court. If the directors are found guilty of the alleged charges will they be banned from company directorship (whole new board for wfe if that occurs), will they be found liable for damages to the liquidator?(if so how will they personally pay and how will kdl pay their share of the 22 million damages sought) and lastly if found guilty will the transaction between kdl and wfe be looked at by the courts? (Search "piercing the corporate veil" which the court is entitled to do if the directors are found guilty of misleading the market and trading whilst insolvent)
If these issues were not hanging over your heads this would be well above 1 cent right now. So many are asking why this isnt already, well there are your answers as to why. To ignore them or write them off would be to only look at half the picture so to speak
WFE Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held