WAI Capital Investments Corp WWEXF

Pending News Releases

[Qaxter234]

Got this IR response regarding an update of the timeline for the NI43-101 report release:

We are working on a News Release that will provide an update as soon as possible. SRK are assisting in drafting this release. We have some confidentiality agreements and are working with multiple engineering consultants, and this is complicating the disclosure process.

 

In other news, management are currently in talks with one of the majors regarding a strategic partnership. We are looking to fully explain further details in the upcoming NR. 

[cloreenbaconskin]

"...one of the majors...' interesting line.  CIF has given WAI access to potentially millions of $.  If 'one of the majors' is in talks with WAI, will CIF step up further?  Very interesting response from IR - hopefully that NR is issues shortly.

[Qaxter234]

I believe the potential deal with CIF is dead.  From the Q3 Management’s Discussion and Analysis: The Company believes that a DPA can no longer be concluded with CIF on similar or different terms. It is unfortunate that we have not been able to complete a definitive purchase agreement as previously planned with our strategic partners CIF. This partnership is currently idle and the Company is

[cloreenbaconskin]

I'm not sure how they can say they have not been able to complete the DPA with CIF as the news releases have stated all along that the funds will come from CIF once the report has been completed and the results are satisfactory.  CIF will not complete the DPA unless they know the report results.  If WAI has the report results, then they must have shown CIF.  If CIF walked

[Qaxter234]

The first $10 million wasnt contigent on a resource report - it was for exploration.  The next $20 million was contigent on a 350 million tonne resource report for the Wondima site. The letter of intent was signed with CIF on Sep 4, 2012.  At that time the resource report was expected in Q4 2012. One year plus has expired and no resource report.  CIF probably got tired of waiting.

[Overtime]

Lots of good information here... I am not so sure CIF got tired of waiting, I think CIF wanted to re-negotiate the deal for a lower placement than 10 cents and WAI knew it was worth more.  As for the delay... who knows really, I hope it was lab delays.  Remember though, this was not a simple analysist but a full meturlargy report.  If one does quick math of the resource