WFE 0.00% 2.4¢ winmar resources limited

Ann: Update on Status of Re-Compliance Listing, page-8

  1. 103 Posts.
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    The ASX has to underwrite all the factors and each relist or IPO is different. WFE don't actually own any underlying physical assets yet. They only have the right to buy half the plant. That right has value but they need to have a successful CR to actually buy their half share and enough $ for the refurb works etc in the independent valuation report whilst risk managing everything during the works process which will take estimated nine months. Exciting if we get there, but not an end game yet.
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