WFE 0.00% 2.4¢ winmar resources limited

independent valuation of luapula plant, page-159

  1. 4,813 Posts.
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    Its really sad. They either have little understanding of what is required or are really deluded.

    They have been suspended for nearly a year now.

    Money is running out.

    They got a management team with little to no experience in operating a cobalt plant, yet they want to buy half of it with NO MONEY down.

    Furthermore, they expect some white knight will hand over $25M to them, so they could try out being a Cobalt producer even though they have no experience and no assets to mortgage.

    And then you have these fancy valuations of $500M etc etc etc........LOL.

    I suspect most will head for the exit door upon relisting.
    Last edited by Cosmoterios: 25/03/19
 
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