Woulfe Mining Corp WFEMF

A small note on dilution

[74volfram]

Current management has announced exactly how much it will be needed to complete the pre-mine work (6M + 3M in operating costs) already last year.  These people came into the job as professionals, and they should be judged by how well they plan and execute.  By paying several service providers partially with shares they have saved a bit on the cash (about 500k so far) and they are paying themselves less than previous management (about 500k less also).  So I expect that they will do a placement for 4M later on this year or early next year. They will likley do the placement after IMC clarifies their position vs. the expiring loan (first week in December, same time as the AGM).

Whether the 4M placement nets 50M or 100M shares (10% or 20% dilution) to the buyer is entirely in the hands of the shareholders.  Dundee, who is likely to be receiving the shares has obvious interest to keep the share price down, and If Dundee really wanted to crush the price of this stock prior to the placement we would not even know what hit us.  However I doubt that Dundee is putting or will be putting a lot of pressure on the stock price.  First, it will raise eyebrows because insiders stock can be traced quite easily.  Second, the current shareholders are doing already a good enough job at that themselves.