Post by
frewil11 on Apr 03, 2024 9:01pm
THE WHOLE RELEASE
https://wcsecure.weblink.com.au/pdf/WR1/02607585.pdf
Comment by
nikko7501 on Apr 03, 2024 11:07pm
This is an old release from 2022.
Comment by
frewil11 on Apr 03, 2024 11:35pm
Thats when the deal was signed , Winsome took it over from Sinomine [ Chinese company ] when the Canadian government made them give their share of Power Metals up.
Comment by
Larder111 on Apr 04, 2024 12:34am
So why would pwm waste time and money drilling the property if winsome own 100 percent of it??Any thoughts??Am I missing something here.?
Comment by
frewil11 on Apr 04, 2024 4:30am
I give up Larder , I have explained the offtake and copied and pasted the actual terms of the deal numerous times .
Comment by
Larder111 on Apr 04, 2024 7:29am
So I know pwm owns 100 percent of the property but did they not lose 100 percent of the royalties by signing that agreement with Winsome???I'm not seeing were pwm is getting 95 percent of royalties..sorry I'm the new guy on the block ..
Comment by
Larder111 on Apr 04, 2024 7:46am
Just saw what you.posted .Thanks
Comment by
frewil11 on Apr 04, 2024 8:18am
Ya no problem, wasn't trying to be sarcastic or anything, alot of posters have shown up of late trying to spread a negative spin on the company. GL
Comment by
Larder111 on Apr 04, 2024 9:41am
I'm the new kid on the block .Backed up the truck and got a load of it.Sure seems like a no Brainer considering the high demand and no availability..Thanks
Comment by
STK1122 on Apr 04, 2024 10:00am
Wise move! Thing are just getting started and for millions of shares dropped all were picked up same day on the cheap! Good luck!
Comment by
frewil11 on Apr 04, 2024 10:22am
It was more on the CEO.CA board , but ya I agree the 100% offtake deal does sound like all the product goes to Winsome , but 95 % sales goes to Power Metals and Winsome gets 5% , it probably would be a good idea for the company to clarify that , it's even hard to find the description of the deal in the past news releases , Good Luck.
Comment by
Larder111 on Apr 04, 2024 10:29am
Yes that is why I was confused ,and yes I think Winsome only gets a percentage of it.Why would they drill the property if they had no revenues from it.But also read that Winsome hey gets 5 %but read a different article saying they get 19.95%.Can someone clarify this for us thanks
Comment by
frewil11 on Apr 04, 2024 10:40am
I never saw that , I hope thats not the case , maybe they were referring to the amount of outstanding shares Winsome owns. Another clause that Power Metals got put into the offtake deal was if at anytime Power Metals wants to end the deal they can pay Winsome 8 million dollars , this was because if they had received a buy out offer from another company .
Comment by
Larder111 on Apr 04, 2024 10:45am
Yes saw that .They covered their butt by doing that and that's why I jumped in .