WFE 0.00% 2.4¢ winmar resources limited

Questions to Management - What is going on? Official., page-887

  1. 8,887 Posts.
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    Nothing here is the fault of the fault of the ASX. Remember after the company received a reply for in principle advice last year, it took WFE a year to respond to ASX by making a submission to address " some outstanding concerns raised over certain aspects of the acquisition structure".

    Nowhere have WFE stated they have applied for in principle advice about relisting....

    Also last year the ASX made it pretty clear about what they thought of this backdoor listing.....

    "Entity B sought in-principle approval about its suitability for re-admission following a proposed backdoor listing transaction involving the acquisition of a partial interest in an African company with a mining processing facility on care and maintenance and a 100% interest in various exploration tenements also in Africa. ASX advised Entity B of the significant likelihood it would fail to meet ASX listing requirements because the African company did not yet have the licence required to operate the processing facility, it had no supply or off take agreements in place, and there were serious deficiencies in the accounts of the African company being acquired."

    From...pg 3
    https://www.asx.com.au/documents/as...and-waiver-applications-1-oct-31-dec-2018.pdf

    The company reported last year that the accounts of AHIC were being redone according to the recognised standards, yet there has not been any evidence of this happening so far. If it had been done then I'm sure the company would have announced it.
 
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