WFE 0.00% 2.4¢ winmar resources limited

Ann: Winmar to seek Dual Listing on London Stock Exchange, page-184

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  1. cfp
    2,919 Posts.
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    of course it wasnt profitable and for a variety of reasons, the intelligent step was to place it in to care and maintenance until everything was sorted, no I dont believe WFE will have this problem there is a lot of procedures been put in place and with the addition of KUMI to ensure that the ore is sourced from ethical artisanals this will help the supply of quality ore, it will not revert back to the old days, WFE will be setting new standards and highs, each load that comes in will be checked, weighed and tested for grade, you will see a lot of companies disappearing shortly as WFE gets into action, mainly because the unethical "blood" cobalt will no longer be purchased, the cowboy operations will cease, this will then open up a larger sector for WFE, our Hammersley Iron Ore leases, I would be putting them out for sale, use the money from that and expand our DRC operation and plant, maybe even look at building another dual operating plant but much larger as we will be inundated by cobalt suppliers and for when we go mining, why should WFE put in the prospectus anything to do with the original owners of the plant, it has nothing to do with what WFE are doing and the plant will have been valued to reflect its worth today, we are living in the today, not what happened 4 or 5 years ago, its called progress
 
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Currently unlisted public company.

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