Woulfe Mining Corp WFEMF

RE:Upbeat Buffett eyes BIG acquisitions after record Berkshire

[StockExpertPro]

StockExpertPro wrote: NEW YORK (Reuters) - Warren Buffett on Saturday signaled he plans to make more large acquisitions for Berkshire Hathaway Inc to expand his conglomerate, which posted a record profit in 2013 with the help of a recovering U.S. economy. "America's best days lie ahead," Buffett, 83, said in his annual letter to Berkshire shareholders. "Charlie and I have always considered a 'bet' on ever-rising U.S. prosperity to be very close to a sure thing," he added, referring to his 90-year-old vice chairman Charlie Munger. "Though we invest abroad as well, the mother lode of opportunity resides in America."

Based on this recent news Berkshire Hathaway is raking in billions of dollars from record earnings. I'd love to know why Ned Goodman and the Woulfe board of directors continue to allow Buffett's company IMC to string Woulfe Mining and the shareholders along. IMC is part of the Berkshire Hathaway group of companies. Buffett and Berkshire spent billions of dollars to gain 100% control of IMC. Yet, the value of IMC is nearly nothing without a long term supply of tungsten. Why hasn't Goodman proposed a buyout of Woulfe Mining and the tungsten assets to Buffett and Berkshire Hathaway? They need to make Buffett fully aware of how valuable these tungsten assets are to IMC. What is the problem here? If anything I think IMC needs Woulfe and the Sangdong tungsten assets more than Woulfe Mining needs IMC. Goodman supposedly brought in his BEST people to the Woulfe board of directors. Yet, they continue to be played like a bunch of fools by IMC. Goodman and Dundee could have made a lot more money from Woulfe Mining by not extending the subscription agreement for IMC. Instead Dundee and Goodman could have taken Woulfe into full-scale production and refurbished the tungsten mine. Then once that was completed allowed IMC to renegotiate with them for a long term supply of tungsten but be required to pay a steep premium for their lack of action in the previous years. Goodman and his associates at Dundee are supposed to be expert businessman with many years of experience. Why are they allowing these precious opportunities to slip away? I think it's time for the company to hold a long phone conference on March 7th at this special meeting so shareholders can get to the bottom of this. I'm anxious to find out if IMC is providing the $6 million required for the work program. The new feasibility study being done with diamond tipped drill bits should drastically increase the NPV on the Sangdong tungsten project. Management should increase the mine life span on this new feasibility study.