@Mutley8 ....."
When you compare WFE with PLS and CLA I think WFE is in good hands doing just fine."
LOL your judgement is just so far off it is not funny. One of those 3 companies has just managed to raise over $100m, in the blink of an eye. It is PLS as that company has a huge intrinsic value in their assets, so can and did raise cash easily, to continue developing the business.
WFE has not had anyone pouring cash into the business, not BOD nor major shareholders, nor does it have the ability to raise outside the company as this year has shown. The company has no valuable assets at all. The IO tenements are only worth something if the nearby rail owners decide to buy the leases, yet if they just wait and do nothing can probably pick them up for nicks down the track. They don't need the IO either, they have plenty of their own.
Why you even bother to compare with other companies is just spurious, because you should be concentrating on what a poor investment this company is, with a grossly inflated market cap for the assets the company currently owns, which are very few.
You have avoided the questions and the points I've been raising for months, probably over a year now, you have never been able to counter a single point, yet always find the ability to play the man. It tends to show you are really nervous about your investment here. I certainly think you have every right to be nervous.....
1 There is no-one spending all their time driving this project with belief and passion.
2 WFE have never bothered to get any IEs to show this project is viable..
3 There is no-one in the company with any expertise in cobalt processing, so IMHO the company is flying blind in this project/proposal.
4 No major shareholder, nor BOD member has bothered to put up their own cash in a loan to the company to get this project going..
5 WFE have no liquid assets available to produce a prospectus, pay accountants, lawyers, tenement fees, auditors etc..
6 WFE signed a BINDING heads of agreement for exploration leases last year, and failed to recover any moneys from there so far.
7 WFE has failed to produce the half yearly report for the first half of the 18/19 financial year, so very unlikely to produce an annual report in the required time, let's wait another 11 days on that one...
You sir have failed to answer any of my questions, and failed to address any of my points for a long long time, yet expect me to answer questions about another stock you have asked me about recently. It is quid pro quo, you answer the questions here first.
No fobbing off, no playing the man, just discussion on the stock.
