GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Sep 10, 2014 5:44pm
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Post# 22924876
RE:RE:RE:Depth/Level II Ask is thin for Woulfe Mining Corp WFEMF, WOF
RE:RE:RE:Depth/Level II Ask is thin for Woulfe Mining Corp WFEMF, WOF I've got orders in at various prices for around 23k shares and if those execute I'll consider adding more. Remember, the stock price is relevant to the value of a company only when the company is being actively traded. This "a block here a block there" trading is low volume and means NOTHING.
Because the company is being so close mouthed it introduces FUD, Fear, Uncertainty, and Doubt, something terrible for the stock price of any company, much less a junior mining firm. Yes, Woulfe might have strategic reasons, or legal ones, for staying so closed mouthed, but that also has had a significant negative effect on the stock price, BUT . . .
They paid people who would have been working on the site in shares valued at 0.11 CDN and the vendors took the shares. If they'd had no confidence in the company I doubt they'd have done that . . . Unless of course the alternative was not to get paid at all.
In addition if they thought a LARGE amount of extra scratch was needed they wouldn't be asking for these small issues of shares to pay off vendors, but be authorizing another 100 million shares or something . . . But that's NOT happening. If we're on the cusp of a deal then paying off small immediate bills with shares makes alot of sense. Unfortunately it also makes sense if we're on the verge of bankruptcy.
So there is no midline, either the company will crash utterly, or succeed immensely, and frankly I'm betting on the success side big-time. As in almost a third of my total portfolio is in Woulfe.