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2.4¢ winmar resources limited

We are in the end game now, page-49

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15/01/19

08:03

Post #: 37114101
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Originally posted by ozblue ↑

Here is something from the announcement on 3rd of December ..........

"Winmar advises that the Company and its advisors in the DRC and AHIC are in advanced negotiations with a number of parties for the supply of high-grade cobalt and copper ore to the Facility. The Company anticipates making an announcement in the short-term on the finalisation of a number of Ore Supply Agreements. "

That is 6 weeks ago, yet so far on the 'ore supply agreements' we have heard crickets chirping. If over 6 weeks is short term, then I need to redefine my definitions.

To me short term is in the next week or so ........

This begs the question of what is meant by the term " high-grade cobalt and copper ore" ? Many here seem to think 2%-3% or maybe even 4.5% if one constant ramp... sorry shareholder is to be believed.
Considering what constitutes average grades of cobalt in the DRC if the company can obtain 0.5% cobalt ore, they could claim "high-grade ore", as it would be higher than average.

As 6 weeks have now passed since the announcement of a short term finalisation of a NUMBER of Ore Supply Agreements, yet there are none announced, IMHO they are having difficulty finding all this cheap high grade ore.

Also IMHO there is no possibility of working out what type of price the shares will open at without knowing what grade of ore the company can use in the plant plus recoveries etc. It is just nonsense making up projected share prices without this type of information.

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Regardless of what "short term" means to you, or your interpretation of "high-grade cobalt and copper ore" my suggestion to you is.............

Don't hate what you don't understand

All IMO & DYOR

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
18 Upvote

3 Great analysis

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