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2.4¢ winmar resources limited

independent valuation of luapula plant, page-155

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Trader28

914 Posts.

98

25/03/19

07:46

Post #: 37869112
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Originally posted by Cosmoterios: ↑

You guys ARE NUTS.

The company has enough cash to last another 2 months; Maxed!!!

And you reckon somebody is going to hand over $25M for offtake, to a company with NO CASHFLOW and NO RESOURCES and could literally go broke in this downturn. How are they going to get their money back if WFE went broke? You reckon they are that silly?!?

It would be better for any POTENTIAL OFFTAKE PARTNER to buy all the Cobalt it wants in the market place at a Cheap Price Now and then store it, than handling $25M to company with Next to Nothing.

You reckon companies worth hundreds of millions, perhaps billions, don't conduct their own due diligence?

LOL

Wake up, it will be like VEC - have a look at how the DELUDED over there had to wake up to reality.

If any outsider is going to hand over money - it will be MONOPOLY MONEY, certainly NOT REAL MONEY.

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"And you reckon somebody is going to hand over $25M for offtake" - you are right on that point, expecting more than $25M for offtake.....

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