WFE 0.00% 2.4¢ winmar resources limited

independent valuation of luapula plant, page-152

  1. 1,526 Posts.
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    You obviously need to do some research...suggest you go through WFE announcements...the answer is in there
    Now in terms of funding as follows-
    1. No concern with the $5.5m for the plant..previous commitments will cover as part of ASX relist and we have the LSE list funding as well...the chapter 1 and 2 items for the ASX are steadily being ticked off but yes the accounts and license b to be cleaned up..no probs me thinks
    2. No concern with 7 supply ore arrangments..bonding deal all done and locked away but yes part of chapter 1 and 2...please read but here you go
    “ Deliveries under the Ore Purchase Agreements to commence the later of (i) 1 March 2019, or (ii) when Winmar has completed its purchase of 50% of the Luapula Processing Facility and when Winmar has received all necessary shareholder and regulatory approvals in Australia (including, amongst other things its re-compliance with Chapters 1 and 2 of the Listing Rules and resumption of trading on the ASX) and received all operating permits in the DRC”
    3. The $25m or more offtake agreement...well yes this is the interesting one right now...Vision (Jb) mixing it up with the Europeans in Switzerland and Airguide on the case...so far this minnow has delivered on many ticks but let’s just sit on the fence...but here you go for some light reading -

    The Company further notes the increased level of interest in the DRC from the world’s major automobile and battery manufacturers to secure a direct source of cobalt supply. As such the Company is confident that it will enter into appropriate offtake agreements for the sale of cobalt and copper concentrates produced from the Luapula Processing Facility at the appropriate time.
 
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