GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Mar 01, 2015 4:59pm
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Post# 23477874
RE:Critical Point
RE:Critical Point74volfram wrote:
- I think the objection or credible counter offer came from off-taker TaeguTec (IMC).
Could be IMC did not like that Sangdong would end up in the hands of an independent tungsten producer already selling to a competitor? Could be IMC finally saw the opportunity to fully control its tungsten supply? The appeal of controlling a reliable "forever low-cost" source next door has to be strong. Are they now giving Woulfe a better option?
Talk about burying the lead. I tend to agree. Were I IMC given their resources securing a future source of Tungsten regardless of "China issues" for at least a half century would make it worth it to just make Woulfe an offer for the whole thing, even the other properties so it can use them to hedge debt or something . . . If ANYONE were to just spit out that 35 cent offer that quickly after the Almonty announcement it would be IMC. I just wish I had the bucks to buy it out and develop it.