WFE 0.00% 2.4¢ winmar resources limited

independent valuation of luapula plant, page-35

  1. 6,376 Posts.
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    @Mrmena112 " I understand the long term affects of acquiring a lithium lemon".

    Fortunately I don't know that feeling, I'm well up on my lithium investments, multibagged on one.

    "You definetly working hard for your pension...is it mostly in the eroding shares of CLA?"

    I'll never qualify for a pension, nor have I ever owned any CLA, what would make you think I did own that one??

    "Seeing a 54 to 76 million USD income giving a PE x 10 of 540 to 760 million USD. Please don't mention 2.4c again, very disrespectful. We will open at 10c xxxooo
    Cheers OzBlue!! I'll drink to that!!"

    I think you have had enough drinks for one night......

    @mrd83 ......" Just sit back with a massive grin, and very soon you can tell us all to eat our humble pie"

    I hate seeing good people lose heaps of money on stocks that are based on lots of hype, especially when all the real information remains hidden from shareholders. The constant ramping over the last year of the huge profits from this venture came crashing down today with that little slip of the NPV on p44. (WFE's own cash flow model!!)

    Everyone trapped in this stock has my sympathy, there is no massive grin nor joy. Shareholders should be asking serious questions of the BOD/management about this long suspension, the obvious cost blowouts (that by itself is VERY common in all these juniors) and the lack of information during a cobalt price crash.
    I wonder how many shareholders will take today's information and give the BOD a bit of Schtick over it, and start demanding some real numbers/answers. Or is the preferred approach just to attack the messenger and only worry about their investment after it crashes like so many other stocks.

    I was very close to joining shareholders in this last year, but luckily decided to pass when I worked out they would have recompliance issues. WFE was tempting when the cobalt price was $US86,500/t. None of us predicted the price crash that has happpened. I feel very lucky that I dodged this suspension, nothing I hate more (in investment) than being trapped in a stock.
 
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