You need to look at everything in it’s entirety and let me paint a more palatable picture -
Payments
- $5.5m usd for the plant
- $10m for the plant readiness
Possible Receipts
- $10m cap raise for ASD listing
- $??? Unknown funding for LSE listing
- $25m or more offtake...unknown
- $?? Funding from European partner..unknown and probably part of LSE listing
The WFE plant valuation was pretty bloody good....Cheap pickup and yes still work to do to get this upgraded and commissioned for production..if it all works well then “first ASX cobalt producer”...as I said this one is a better bet than the traditional miner burning serious upfront CAPEX turining the drill bit with potentially no pot of gold at the end of the rainbow
The ASX relisting...Still need to wait for accounts history etc so they can meet ch 1 & 2 but WFE have ticked many boxes and Mgmt has shown they can get deals done...
.plant...
supply arrangements...
landholdings...
Equals ‘whatever it takes’ to ASX list, “whatever it takes” to LSE list and “whatever it takes” to offtake agreements brings in $$$$$$$....
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
