GREY:WFEMF - Post by User
Post by
StockExpertProon Oct 28, 2013 11:19pm
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Post# 21856699
Will IMC be Providing the Additional $10 Million Dollars?
Will IMC be Providing the Additional $10 Million Dollars?
One more year of additional test work should not be a problem as long as IMC is willing to flip the $10 million dollar bill for the inconvenience.
The Woulfe Mining board of directors need to make damn sure that IMC does NOT receive a sweetheart deal this time around. Considering they now have Ned Goodman and his billion dollar company Dundee Corporation backing up Woulfe Mining.
1. IMC needs to fork over a low interest loan to Woulfe Mining for $10 Million Dollars if they want one year of additional test work completed.
2. IMC should lose at least a percentage of ownership on the Sangdong tungsten assets or pay a higher premium for their share of Sangdong tungsten project this time around. Especially if the additional test work comes back with better then expected or good results.
3. NO more sweetheart deals for IMC this time around. They need to pay fair value for the tungsten assets. It is obvious that they have been trying to rip-off the company from day one. If they don't like it then they can get into a high-stakes bidding war for the company against Korea Zinc and Dundee Corporation. The interim CEO Hubert Marleau needs to demand more favorable terms on the strategic agreement this time around.