@ozblue, can you please put up a link so that we may also have your knowledge of how WFE should have gone about there business and can you make sure the link says if they did it this way they would never have had to go into suspension, I cannot for the life of me find anything on the ASX that supports your theories, so please a link or the rule number will do, facts are cobalt on the probability of it being in high demand went up 200%, once Panasonic and Tesla said they would be going cobalt free in there batteries the price started on the downward spiral, then Panasonic placed orders 300% higher for there cobalt, cobalt is trading at roughly where it was before the hype, the other facts are that WFE will be in the top 5 cobalt producers in the world, and when and if cobalt is no longer required, we will simply increase our copper production, EVs use approximately 100 kilograms of copper per vehicle, Tesla has announced they will deliver 500,000 cars this year alone, worldwide how many EVs do you think will be manufactured this year, 2 million, 3 million cars at 100 kilograms of copper, so that is between 200,000 tonnes and 300,000 tonnes of copper alone, so up to 2 Billion dollars worth of copper and thats cars, now we have trucks, buses, boats and aeroplanes, WFE will not be too concerned if and when cobalt is no longer required, in the overall scheme of things being in suspension for 12 months will pale into insignificance once we are out and producing, The Avenger are we in the end game yet
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
