GREY:WFEMF - Post by User
Comment by
StockExpertProon Sep 29, 2012 3:38pm
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Post# 20428740
RE: RE: RE: btv weekly wrap up sept 29 2012
RE: RE: RE: btv weekly wrap up sept 29 2012 The B-TV news video claims that Woulfe Mining closed the IMC deal for 34.2 million dollars instead of the original 70 million dollars. This is huge news for the WOF shareholders because this could mean the company will retain a larger percentage of ownership/profits on the Sangdong mine. This could also explain why Woulfe Mining is taking out a larger bank loan from the South Korean bank for $150 million US dollars instead of $104 million. People seem to think the South Korean interest rates will drop below 5% next month which is excellent news for WOF and I'm glad that they are taking advantage of these low interest rates for financing.
https://www.b-tv.com/WeeklyMarketMinute.html?id=175