Yes, I worked this out long ago when WCE was only 5c range purchased a good chunk of UFO... but while WCE has spiked to 16c ... UFO has hardly moved!!, still at A$16mill market value
...yet they are the largest WCE holders shares worth north of $4-mill and hold a free carry 30% while WCE invests another A$6 million into the project, UFO will of course get the ongoing added value from these results..
and sometime in the future 2027/28 via the JVreap 30% shares of the profits if they fund there share.
All while progressing their other projects ...If only they would list on the ASX....LIM investors aren't interested in driving higher at present just sideways
UFOP presentation from few months ago>> 141mill GBP = 288Mill AUD
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