WFE 0.00% 2.4¢ winmar resources limited

We are in the end game now, page-53

  1. 2,722 Posts.
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    Hahahahaha......you do realise you own post makes a hypocrite of yourself? It's quite clear the company doesn't have a problem, the problem is still with your research and mostly the cherry picking style. Oz made the same mistake. But that line about the JV taking legal action/liquidation is the silliest thing I have ever read on HC, it appears the stock market isn't for you. You can put almost every ASX explorer into liquidation according to that line rolleyes.png


    To be honest I still find it amusing how a HC poster claims to know more about the legal system than company lawyers! That's why you're here right......down ramping on HC? Almost every CR you see on ASX juniors is raised without a particular asset in mind. WFE raised a CR in parallel with the Binding Agreement for an $80M asset in the form of a processing plant convertible to cobalt production.


    Anyway here is some more for you since you haven't researched correctly........

    (BTW nice use of bold lettering)


    The CR for the Acquisition announced in July was over subscribed, so investors, not HC posters, real institutional investors were falling over themselves to provide $8M, all as per company announcements publicly declaring the full raise and what it was for. Since then revised to $10M, All with no assets locked in at that stage, now we have an incorporated company with an $80M asset.


    BTW those institutions throwing $8M cash at 2.4c into that July CR, already knew Airguide got $2M at 0.5c in March. Of course Airguide deserve it cheaper they provided the working capital used for re-compliance and setting up the JV business. Derisking the $8M investor's money. Sooo it seems the only uncertainty is yours. What a surprise!! 


    All the CR's were raised without supply or sales contracts at that stage, didn't bother the institutional investors. Yet it bothers you? Best you find another stock! Hahaha, see ya later!!


    All this raising of millions was done during a greater risk in DRC under the rule of the nutcase Kabila. So the risk now is actually downgraded.


    Your first statement says $600k locked away for an asset and then go on to post every shareholder is going to lose all their money. How scary!!!!.


    In summary, all the cash raised from various CR was done so effortlessly it just provides a massive injection of confidence that JB will achieve what he set out to do. Create a cobalt producing company! It's been a long haul, but we are in the END GAME NOW!!


    I suggest you start your research all over again.....that July announcement is a good starting point that you are selectively ignoring. Yet another cherry picker, gee that's new! confused.png


    In the meantime, we await the full form prospectus, you do know what that is? It should provide the entire set of information on the company moving forward to production and answer any questions that remain in regards to ore supplies, material grades and insight into sales agreements.


    Happy days are upon us holders, see you on the sunny side 

 
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