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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 clk_vestedon Jul 07, 2012 11:05pm
334 Views
Post# 20092190

RE: Next week!

RE: Next week!

Who knows? The only information I get from their recent news releases and clarifications (which don't really clarify anything) is that:

a) "everything is on track",

b) IMC has until some never really specified date (which was 60 days from some other imprecise date, and maybe those are "business days", but we've been sort of assuming it was end of June or early July) to make up its mind, unless

c) it needs more time, in which case WOF may agree to an extension (that was in the 2nd last news release -- look it up before you jump on me -- if you read it carefully, it actually means that they *could* keep extending indefinitely, their last statement that "there is no further 60 day extension" notwithstanding).

-- if you look at the last two news releases together, what you are left with, to paraphrase, is "there is some undisclosed finding in some unnamed report that they are working on resolving, and while this does not change the undisclosed date sometime in August that IMC might extend funds, it may, implicitly push back the extended "due date" for IMC to complete due diligence, but not really, unless they need more time, in which case Woulfe would have to decide whether to allow that (and unless they have some really good offer on the table from elsewhere, I can't see them not allowing another extension of IMC wants one, but I can see them not announcing that to us for a while. 

Like most others, I hope next week is the big week too. I also believe that the long-term prospects for the company are good. However, the only thing I have learned from recent announcements is that I have no way of determining when, exactly, or even inexactly, IMC will extend funds to Woulfe, and that big chunk of risk is finally removed for real.

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