WFE 0.00% 2.4¢ winmar resources limited

Meanwhile, some dreaming, page-275

  1. 4,813 Posts.
    lightbulb Created with Sketch. 799
    Geez, you guys are really living in delusion land.  Have a good look at the last cashflow statement. 

    You only have enough cash for one quarter left (June max) and then you will be broke without any cash infusion.   The $600k plus that was sent to the DRC lawyer's office as a deposit for this purchase is as good as gone, whether you complete the deal or not (highly doubt it will be refundable).

    So you basically have 4 months left (max) to survive or relist in Australia or UK, to raise some more capital, otherwise its administration.  

    CLA at least has about $8M to weathered this storm (cobalt downturn).   You got about $70k left after the March quarter.

    How are you going get to June and beyond if the price of cobalt prices remain low?

    You need to wake up - no, its not a dream, its a nightmare!!!
 
watchlist Created with Sketch. Add WFE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.