WFE will join the top 10 cobalt-mining companies, enough said....

First 32 Last

Share
Profile

Follow
Mrmena112

142 Posts.

52

19/03/19

22:45

Post #: 37816769
Share

Originally posted by ozblue: ↑

@mrd83 ......"why would you read/ skim over 44 pages on a stock you do not own??"

Probably the most asked question on HC, across all threads on all stocks.

Simple answer is... Do you only read/study stocks you own?? or Do you buy stocks first then start reading about them??

The answer to both those questions is of course a resounding NO.

IMHO most investors that have been around for a few decades spend most of their time reading and studying stocks they don't own. The ones they own, they keep a good eye on, but they know when to sell or just hold.

I've spent plenty of time investigating this opportunity and I'm fascinated by the story. Today's report was easily the most in depth information revealed so so far, so yes I read every page of the report.

This evening in particular, people don't seem to want to discuss the NPV of the plant mentioned on p44. All conversations seem to lead away from that information why??

Let's look...

The NPV of the processing plant from WFE's own cash flow model was $US108M.

WFE will own 50% of the processing plant, so WFE's share of NPV = $US54M.

At current exchange rates $US54M = $A76M, a very interesting number considering that the Mcap of WFE after full dilution at 2.4c/sh would be around $A80M. (this excludes the EXTRA $US10M needed as per today's report)

Today's report basically stated there is no upside in WFE's share price based on the NPV of the companies OWN cash flow model IMHO.

On today's information, why would anyone buy shares at 2.4c or partake in the prospectus at that price, when the companies own cash flow model shows the fully diluted Mcap is above the NPV of the plant??

For upside you want the NPV to be well above current Mcap and near term fully diluted Mcap.

Love to see the arguments against the companies own numbers......

Expand

WFE will join the top 10 cobalt-mining companies, enough said. Anyway, let's see what off take your man JB brings to the table. Sweet dreams Billy, I hope you don't get any nightmares of WFE producing and making millions muhahahahaha ps I'm still giving you likes, I understand the long term affects of acquiring a lithium lemon (

WFE Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

DUI

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

PYC

Scientific conference spotlights PYC's work on blindness disease treatment

There are more pages in this discussion • 189 more messages in this thread...

First 32 Last

Add WFE (ASX) to my watchlist

WFE will join the top 10 cobalt-mining companies, enough said....

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Sales growth pushes Lovisa's fortunes (and shares) upwards

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Panic, paranoia, and gangland politics: HotCopper users react to Dubber's missing $26M

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Scientific conference spotlights PYC's work on blindness disease treatment

Featured News