WFE 0.00% 2.4¢ winmar resources limited

Ann: Winmar to seek Dual Listing on London Stock Exchange, page-360

  1. 6,786 Posts.
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    Short answer is no, WFE haven't listed on the LSE and to date, there has been no AITF to suggest that it is close to being listed.

    https://hotcopper.com.au/data/attachments/1628/1628075-b5bac948c77d50c0ee41be377d1ba33e.jpg

    The announcement on the 19th February indicated that the company had in the previous months completed a detailed review of the potential benefits of dual listing on the LSE...... I would assume part of that "detailed" review, they would have a clear understanding of what is involved and the expected time lines to be listed on the LSE, hence why they made the statement ..
    "It is expected that the dual listing process and commencement of trading of the Company's shares on the LSE will be completed in H1 CY2019."

    The company appointed Memery Crystal, considered one of the leading law firms for listing Australian Companies on the LSE (I would take that as part of the company's detailed review they came to that conclusion) to manage and advise a proposed listing.
    The irony of engaging Memery Crystal, as per an interview with Nick Davis (CEO) that their main focus and root of their business is actually towards "entrepreneurial style businesses" that help clients solve problems.
    https://www.memerycrystal.com/videos/ceo-nick-davis-talks-memery-crystal-international-investment/
    "Entrepreneur" makes a good fit with Brewer/Airguide's styles of running and promoting a company (IMO)

    From the announcement....
    "The proposed LSE listing is a significant and strategic step for Winmar. With this dual listing we are looking to raise and enhance the profile of Winmar and its activities and attract broader institutional investors from the London and European markets."
    Not sure if anyone has bothered to look at Winmar's web site recently, but you would think prior to trying to raise and enhance their profile, the company's site should have been upgraded and updated.
    http://winmarresources.com/

    Considering that the company's focus is the DRC Cobalt as they provided in an announcement 27th December where they withdrew from the "option agreement" over United Reef and the Calcite Lake Projects, that it would be imperative to have the company's main focus project on the web site, we are trying to raise and enhance the company's profile right?
    https://www.asx.com.au/asxpdf/20181227/pdf/441jzxlcq0rlc8.pdf

    re: " ...(sic) ..... ASX announcements as the sole source of information....(sic)"
    Couldn't agree any more to this statement, and I am not suggesting that Brewer ceases using social media with his promoting of the company, but the ASX is the first stop where any information should be announced.
    All the pretty pictures of the processing facility and the local communities, the land scape etc, should be on the company's web site because I am pretty sure that not all investors/potential investors would have a social media account (eg: Twitter) and would look at the company via the web site.

    Then we have this .....
    "The company will provide further updates on the progress of the LSE listing over the coming months."
    As there have been no updates are we to assume that the LSE listing hasn't progressed since the 19th February?

    As there has been little or no information in regards to the LSE Listing, are WFE going to dual list or cross list?
    There is a big difference between the two, and I have asked Brewer this previously because of his comments being "modern technology" everything is only a click away when questioned if ASX listed shares can be traded.


    cheers
 
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