GREY:WFEMF - Post by User
Comment by
mercurysmithon Jun 07, 2012 9:59am
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Post# 19988972
RE: Thank you Brian....
RE: Thank you Brian.... To those doing dd with Woulfe, this Sangdong mine can net a lot of money, so getting production going by December 2013 as opposed to well into 2014 is good news. There would have been seasonal considerations in that regard as well. We now have an honest timeline as to when that type of revenue will start. This s/p will eventually start reflecting the value of that future revenue. Hence my stating that I am staying on board this ship, given how much it seems to be seriously undervalued. Fortunately with this last minute news from Brian, a lot of shareholders at the last minute took their finger off the trigger of the sell or stop-loss button (I personally know of a handful). Again, thanks Brian for coming clean on all of this before market opening. The modest and limited dip of only .02-.03 at the opening bell (as opposed to a dip down into the teens) is directly related to Brian's early morning update. There need not be any secret about production coming in late quarter 2013 as opposed to July 2013 (that having already been reflected in the May 30th M, D & A report at page 6). We now know big things will still be announced within 16 days (by June 23rd at the latest). The confirmation of IMC being all in and the confirmation of the Korean bank financing being in place should all be announced by then. We will have great news in July regarding the buying of the land and the commencement of the construction of the project and the decline into the mine. There really is lots of good news coming within the next 45 days, so we need to be patient in that regard.