Researching WFE, page-1869

hi @mr_delta

unusual to see you get holding the bag. shows we all don't pick 100% winners. 4CE lost me 50% of my AVZ profit. ouch!

i am checking this out today and don't see anything but an empty shell. looks like:

* 2.5 billion shares on issue​

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* no cash​

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* $1.4M in loans and payable director fees​

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* dud cobalt plays​

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* dud iron deposit (good quality medium grade iron ore but its mostly 100 metres underground thus looks noncommercial)​

looks like they need to vend in a new asset, raise at least $3 million to re-capitalise this company and do a shares consolidation to get the share price down

at positive case with 1/3 ownership between old shareholders, new shareholders & vendor, I guess they need to do:

* shares consolidated 1:25​

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* raise $3 million at 2.5 cents per share​

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* market cap would be $9 million, allowing for 66% profit for new shareholders, for a $15 million market cap target​

what do you think? thanks