Member Info for chattty

Battery-grade manganese identified as a

strategic raw material

• Chvaletice likely to meet criteria for

recognition as a Strategic Project

• Only manganese project to support EU

requirement for local extraction,

processing and use of recycled critical

raw materials by 2030:

- 10% to be mined

- 40% to be processed

- 15% from recycled materials

• Project helps reduce EU reliance on

imported battery-grade manganese

- No more than 65% of a strategic raw

material to come from any single third

country by 2030.

MARKET OVERVIEW

New EU and US regulation an opportunity for EMN

Euro Manganese HPEMM flakes (99.9% purity)

Euro Manganese well-positioned to benefit from proposed legislation

Euro Manganese HPMSM powder (32.3% purity)

Another company worth checking out as this product will also rise in price It is known all battery mfc requirements are in short supply which subsequently adds to increasing values as in KOD.

I don't see the point of your post wondering what to do next?

Surely simple applies buy- hold for a %age profit then trade which a number of PIs have done including myself or buy and hold for the longer term trade as it happens I do both.

Trade or hold my stance is clear either way this share has legs.

No new finance in place except an authorisation to issue a huge amount of shares for £275.000 probably to pay creditors.

As for the mention of carbon credits it will take 10 years minimum for these to become of value,what is more WBI no longer control the woodland it holds as assets as they have been pledged to Sydbank.

All that can be said is they have not delisted yet.

Justone's synopsis is accurate.

The idiot fails to understand the concept of time so cannot grasp the fact that investors are in the 'here and now' therefore fully aware of all the downside risks and the upside potential this share has.

What is more fails to understand every item requiring transportation has a delivery cost involved which is accepted on a worldwide basis.

A White House report showed that graphite demand for clean energy applications will require 25X more graphite by 2040 than was produced in 2020.2

Today, there are NO operating graphite mines in America! (Like lithium, we're at the mercy of China for our supply.)

The U.S. government is injecting over $135 billion into producing critical metals such as graphite - and pushing battery makers to use raw materials from N. America.

The above indicates higher prices for raw materials.

A White House report showed that graphite demand for clean energy applications will require 25X more graphite by 2040 than was produced in 2020.2

Today, there are NO operating graphite mines in America! (Like lithium, we're at the mercy of China for our supply.)

The U.S. government is injecting over $135 billion into producing critical metals such as graphite - and pushing battery makers to use raw materials from N. America.

The above indicates higher prices for raw materials.

Assuming they made the first payment the next one is due 30th June then 15th july so a short term 30 day requirement for $290,000 and so on. If funding achieved they can wipe out Sydbank s lien the fly in the ointment for values is the write back-

From the RNS;-net loss of US$111.2mln was reported, principally driven by the company's biological assets being revalued down by a non-cash amount of US$108.7mln,

A net loss of $108.7 million is almost a record for a tiny company,even though it is just a write down it is on the company books and will put off potential investors.

The above from the RNS bears out my past comments on the company buying tracts of land for peanuts and valuing them as gold in their accounts- a major conflict of truth from the start.

An RNS should be out shortly announcing result of GM plus an update on finances.

Lithium,Tin and Tantalum;- From interview on 6th June.

What the old-timers would do is they would follow the pegmatite belts, find where they outcropped and open a pit.

As they mined over 12 historic pits, Andrada had the benefit of that historic reserve. It did a confirmatory drilling programme concurrent with developing the plant and at the biggest of the historic pits, it did down dip extensions, to find that the orebody was 70% bigger than had been historically declared.

The company also tested for a variety of different elements that are typically within pegmatite and what it found was that associated with one of the biggest tin deposits by inventory size was also one of the biggest lithium deposits.

It still has another 900 holes to confirm, which were displayed on a satellite image.

“Where this becomes just so fantastically huge for us is that all those orange marks on the satellite image are pegmatite. We’ve got another 180 outcropping pegmatites within our licence area. The extent of our mineralisation is huge,” said Viljoen.

Viljoen also stated Barclays had been employed to sort through the many offers they had received -Such a statement is indicative of an exceptional amount of competitive interest in their huge asset base.

Personally think the sp has many markers pointing to a substantial increase in price well above current levels.

Oops that last post is wrong should read' Trading suspension' not delisting which would come later if no accounts published.

If the company does nothing further with regard to funding and publishing its final accounts it is automatically delisted on 8th July -

All I can find is the usual comment 'talks at an advanced stage'

I picked up the last minute late trade buy, indicative of a close at 7.75p-tomorrow should confirm and clear the query up

Bought decent holding last week when I understood the potential for sp lift as in KOD.

looking for 10p/12pps so trading.

There way to ignore WBI is financially ruined so those invested will lose all,or at the minimum 50%/70% if WBI raise funds.

Use the Chat filters tab next to Share Chat designed for those with an Ostrich mentality who can then bury their head in the sand.

An RNS is due soon giving update on debt payments and the current financial position.

Alternatively

A simple RNS would be due if the company company is delisting.

RNS Should be due this week.

Thats assuming they are able complete the first $150,000k part of the enforced agreement with Sydbank whilst deferring £1.5 million worth of short term creditors at the same time as pocketing proceeds from sales,

Of course if the company says nothing then expect the worst>it has had a considerable time to raise funds and so far has failed to do so.

Norwegian power outages are powering the rise in gas futures for the moment

Carbon,interesting but it will take considerable time in years for those credits to mature to value and if the RNS data is understood properly WBI just does not have that time.

So I would rather face a loss by selling now,if keen to reinvest at a lower price after a fund raise than face a bigger loss prior to some form of recovery. Or just invest elsewhere and recover losses.

It remains to be seen

From the RNS;-net loss of US$111.2mln was reported, principally driven by the company's biological assets being revalued down by a non-cash amount of US$108.7mln,

the above from the RNS bears out my past comments on the company buying tracts of land for peanuts and valuing them as gold in their accounts- a major conflict of truth from the start.

Once that became clear Sydbank realised there was nothing of major substance in the business from which it could recover its monies so it closed down ,having done so it becomes clear the existing business with its huge debt cannot survive on its income to debt ratio.

The BOD are insistent they will be able to raise funds and have had many offers-if a co., has good assets it can raise funds over a weekend , WWBI despite its many offers? still cannot RNS a raise.

WBI does not now have any worthwhile assets in terms that its debt against income etc., makes the business no longer viable.

Any deal will wipe the BOD out

The way the RNS is written reveals a defeated BOD as they know their major economies with the truth over the forest book valuations no longer hold up therefore they are finished.

Yet investors still buy this fairy story!

Nothing like the failure of what must be 500 + ongoing obsessive posts to convince anyone to believe anything but your continual failure to convince PI's your correct.

Your business acumen is again demonstrated as being non existent as you don't recognise business always updates itself something your grasp of fundamentals has evidently missed altogether.

Any sane person would realise you have completely lost it as an investor.

There are always idiots who fail to research correctly .

I am looking for around 1.2p short term;-there are many reasons why 1.2p can be considered as being a realistic approach to expectation -the least of which is the fact that some 40 major car mfcs., are producing /planning production change over from ICE to all electric vehicles and the supply of battery materials just is not enough and will not be for the foreseeable future, therefore demand will push the overall price somewhat as they start to argue over getting their suppliers in place a question of paying the most to get what they want.

This came from the RNS see previous note.

The directors are confident in securing alternative funding in the coming weeks, but if unsuccessful, they may rely on deferring these near-term creditors to sustain operations.

Basically means they will stop paying their outstanding accounts in other words local suppliers etc., transport,power ultimately labour will suffer.

So the longer the delay in funding the smaller the chances of overall survival

At the end of the day the BOD will be concerned about their pay cheques.