Woulfe Mining Corp WFEMF

almonty presentation and transaction dates

[74volfram]

To Gereynolds:  the presentation on Almonty's site, with a few pages on Woulfe and the Sangdong mine, was posted before the merger offer and before the final feasibility study was out in July and has old numbers from the January report, so it does not reflect what may have happened afterwards.
Specifically it says: "Strategic partnership with International Metalworking Companies B.V. (“IMC”), a Berkshire Hathaway portfolio company and one of the world's largest metalworking companies • Holds 25%-interest in Sangdong and strong possibility to become a key off-take partner"
The full presentation uses typical language from a CEO to his board of directors (or shareholders) explaining yearly progress and future direction for the company. 
As for the specific statement: 25% interest is not the same as 25% ownership, so it cannot be construed as "the deal with IMC has been finalized, we just have not told anybody".  What the statement does says is that the 90% off-take deal with the 25% interest (equity for 25M more into Sangdong) is alive and likely (strong possibility) to get finalized and maybe this time we like it.  There has been speculation that the terms of the IMC off-take agreeement were partly the reason why the January merger attempt was called off.

To Kilgor: I think some sort of assurance of financing must have been reached by now. Almonty would not have proposed the merger so quickly otherwise.
As for the matter of the voting date ("why the rush"): in the original NR the special shareholder meeting was expected to be held on or before September 8, 2015.  The merger deal itself is conditional to the Sept. 8 deadline.  The date set for the vote is well before the deadline, as it should be.  However one wants to read it, I believe it is best to get the decision out of the way quickly. The sooner the better as far as they are concerned if they think they have the votes.

The circular is over 100 pages long and I have not read it carefully.  However I am already curious just looking at the closing date to see if the pressure on Woulfe shares subsides now that the merger is looking to be finalized by August 27 (one month from yesterday). The trading activity at Woulfe on the last couple of days was starting to look a lot like loss-booking (up to one month) before the merger.  Coincidentally (?) today (July 28) there was no dumping onto the bid and hardly any sales ...