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Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Comment by Vantheman7on Jun 25, 2012 8:24am
291 Views
Post# 20050297

RE: Presentation

RE: Presentation

I find it extraordinary that 

1. That WOF update shareholders of a new dd closing date of July by way of a presentation.  The 60 day dd from Feasibility study date, which expired yesterday was the last date mentioned in any public documentation. 

2. That a company can look to raise 20m while a potential deal is going through dd. what happens to these investors if dd fails. I certainly would not like to have given funds to a company so soon before dd decision for it to potentially fail days later. Why not wait the few days until after dd if company is so confident. 

Also it seems to me like the company is opening itself up to major potential lawsuits if the dd fails as they are highly likely to be aware at this stage how well dd is going. If not so good and funds are raise with subsequent dd failure then there may be big problems with investors.

All seems very strange to me. 

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