GREY:WFEMF - Post by User
Post by
StockExpertProon Sep 18, 2013 9:23pm
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Post# 21750165
The Board of Directors Need to Get Their Story Straight!
The Board of Directors Need to Get Their Story Straight!For nearly two years now the Woulfe Mining board of directors have been telling the shareholders that their in strategic agreements with Warren Buffett's International Metalworking Companies B.V. ('IMC'), part of the Berkshire Hathaway group of companies.
As quoted in a Woulfe Mining press release:
"As an extension of its agreements signed with Woulfe Mining on February 29, 2012, IMC, a Warren Buffett company, entered into a Memorandum of Understanding with municipal governments in charge. The MOU executed on Wednesday 25rd April among the representative of IMC, the Governor of Gangwon Province and the Mayor of Yeongwol County stipulates “close cooperation between IMC and relevant government authorities for the successful development of the Sangdong Minie project."
Why all of the sudden they are flip flopping on this in their recent press releases? In the section that explains about Woulfe Mining Corp.
If Berkshire Hathaway is on the verge of completing this strategic agreement with Woulfe Mining.and become part of owners of the company. Then they need to continue to state that in their press releases. Otherwise they are misleading the shareholders and it is downright disrespectful to Berkshire Hathaway.
It is a little late to be changing the story line, nearly two years into this. Especially if this strategic agreement is in the final stages of being finalized. This is why the WOF board of directors have lost so much credibility with the shareholders in recent months.
Plus it makes it look like they are trying to hold the stock price down or drive it lower in order to complete these chump change private placements for .10 cents per share. I think the Woulfe Mining shareholders need to get to the bottom of this as soon as possible.
https://ih.advfn.com/p.php?pid=nmona&article=58950000
On Behalf of the Board of Directors
Woulfe Mining Corp.
Hubert Marleau, Interim Chief Executive Officer and Director
About Woulfe Mining Corp "Unearthing Global Assets"
Woulfe Mining Corp is focused on 'Unearthing Global Assets' through the
recognition and development of undervalued natural resource projects. Woulfe
differentiates itself by boasting significant technical expertise in the design,
development and operation of mining projects.
Our flag ship project is the Sangdong tungsten mine in South Korea, historically
the world's largest tungsten mine for over 40 years. Sangdong is expected to
return to production by Q4 of 2013. Woulfe has entered into strategic agreements
with International Metalworking Companies B.V. ('IMC'), part of the Berkshire
Hathaway group of companies. This partnership brings strategic advantage given
Woulfe's mining and processing technical abilities and IMC's downstream
manufacturing skills, high level of innovation and quality of products sold into
the global tungsten market. Woulfe Mining Corp. is a Canadian TSX-V listed
company. Further information can be found on Woulfe's website
www.woulfemining.com
https://ih.advfn.com/p.php?pid=nmona&article=59248296
On Behalf of the Board of Directors
Woulfe Mining Corp.
Hubert Marleau, Interim Chief Executive Officer and Director
About Woulfe Mining Corp.
Woulfe Mining Corp., through its wholly-owned subsidiary, Sangdong Mining
Corporation, is dedicated to developing the Sangdong tungsten-molybdenum mine
which was historically one of the largest tungsten mines in the world and one of
the few long life, high-grade tungsten deposits located outside of China.
Woulfe Mining Corp. is a TSX-V listed company