Just in regards this post of JBs on Twitter.
I had a little bit of a look around for processing plants near Lubumbashi. I found a couple, but one drew my attention was at Kipushi; I think this may have been the location of the JB's Twitter photos.
The reason I think it is the location, is that Cape Lambert Resources (Where JB was a director until late Feb) completed an engineering review of the Kipushi plant as part of their "Kipushi talings" project in early February. They have also completed a capital raising earlier this month (~$2m) which it says in the announcement is to fund the "Kipushi tailings" project. Previous announcements also mention the project is a 50/50 JV with Paragon Mining, so don't think it's a JV opportunity for WFE. There announcements can be found here
http://www.capelam.com.au/irm/content/asx-announcements.aspx?RID=8
I think this points to this not being WFE's acquisition, but maybe there was a problem with a deal somewhere and JB is stepping back in. Not likely IMO, but still possible.
Add to My Watchlist
What is My Watchlist?
