GREY:WFEMF - Post by User
Post by
mercurysmithon Feb 28, 2013 11:46am
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Post# 21055698
S/P Steady
S/P Steady Even with yesterday's big news, the s/p has remained fairly steady (at least the sky did not fall). Why is that?
1. No more than 40% of the shares are held by retail shareholders and none of the major s/h's are selling.
2. The asset (Sangdong Mine) is the real deal with real value (unlike many penny stock mining companies which are only speculating on whether the mineral is present). Nobody doubts the tungsten is present and accessible.
3. The s/p has been undervalued already with the production delay already somewhat factored into the current s/p.
4. The steady hands of Ned Goodman seem to be calming the storm--by that I mean people trust that he will find a way to make money with Woulfe and they place faith in his dd on Woulfe. I know I am placing a lot of faith in his dd.
Could the s/p make it up to .28 at closing? Perhaps.