Woulfe Mining Corp WFEMF

adding things up

[74volfram]

Adding up the few pieces of the puzzle we have available and make sense of the whole picture because it is actually quite interesting (WOF board posting can be addictive). Figuring out the mine resources is easy compared to the current dealings.  Here is what we know (feel free to add to the list):
-  Company very tight lipped about what they do (and don't do) - up until mid December last year
-  Completion of final feasibility well ahead of schedule with half the budget they expected to spend
-  Gaucher telling in January that mine will start operations by late 2016
-  Koreans unhappy - wanting the mine construction to start ASAP
-  TaeguTec (IMC) moving into Sangdong area - buying plants from POSCO
-  Almonty merger deal comes out of nowhere - supported by Dundee
-  Good reviews of the merger from trade analysts
-  Merger deal is suddenly called off two weeks into due diligence
-  IMC retains the option of buying 25% of the mine for 35M
-  More shares for services and interest
-  New Woulfe all-financial board (all Canadian, all Dundee)

Answering to Kilgor:
- All of the above could just be nothing more than business as usual and we are now to expect the customary steps to secure financing of the CAPEX, with predictable Dundee efforts to profit from the process. Possibility of mine stall after feasibility is low in my opinion.  
- All of the above points are also each individually at least a bit odd, and together can lead to quite different interpretations.  My interpretation is that there will be a more or less mandated sale of the Sangdong property to a Korean interest. IMC has a strong hand and is playing at home, and Dundee is taking steps to protect their shares (and ours to an extent).

Answering to Chrisp6712:
1) I don't know if yzzflex is Air Canada YYZ employee, could very well be.  on this board he very much liked Dundee management taking over and has taken issue strongly with unreasonable unfounded hyping of the stock. also provided accurate and valuable information from the Korean side from time to time and now skeptic of Dundee management. In any case, I am willing to suspend disbelief on the "phantom bid" only because I think 35c would actually match the present day value of the mine - that a customer like TaeguTec, who has in-depth knowledge of the mine and can use 100% of its product, would be more than willing to pay.  
2) The share price of junior miners at this stage of the commodity cycle has little to do with their value. There are worthelss companies as well as great bargains out there and they are all below 10c.  Last year WOF stock dropped over 60% on less than 5M shares traded over two months. It took less than $50k and 500k shares bought to move the WOF stock up 60% four weeks ago. $200k and 2M shares worth of buying will take WOF up to 20c in a day. in this environment, prior knowledge of an impending merger or acquisition cannot really be managed to significant profits.