Woulfe Mining Corp WFEMF

Hard Assets New York Investment Conference

[mercurysmith]

Woulfe has booth 213 at this conference, which started yesterday and ends Tuesday.  Woulfe is doing a 15 minute corporate presentation at 1:07 p.m. New York time on Tuesday.  (There are 33 companies doing these 15 minute presentations over the two days). 

 

Nick Smith (or anyone else at the conference) please let us know how it goes.  Hopefully contacts are being made regarding potential money managers.  That would be 10:07 a.m. west coast time for the presentation.  Sometimes I wonder whether these conferences are worth it on a cost/benefit analysis, but I guess it would only take one good contact to make it all worth while.  At least some of the business reporting agencies will be there.  Not that we will likely have anything newsworthy until IMC removes the "subject to DD" clause and advances the next 30M.  It would be nice if that news came out next week.

[wolfry1]

I don't think you will see too many (if any) money managers risking their clients money on penny stocks...especially one that is currently heading for the basement.!!

[professorchaos]

I wasn't aware that money managers avoid stocks selling far below their intrinsic value. I had always assumed that ideal investments are cheap. But guess I don't know that many money managers.   If you mean mutual fund managers, than that makes sense. But if you mean money managers in general, could you give a little more information as to why?   Thanks!

[wolfry1]

In the strictest sense..we are all money managers ..but I was referring to professional money managers who ( I believe would be the type that Woulfe would need) give personalized service and/or manage sizable portfolios. This type of money manager will never recommend a penny stock, especially one sitting at  .23.     I know a few and they will never recommend a penny

[AAA-1]

of course, IMC/Buffet risk 77-88 million on this little penny stock...and the expectation is they will be onboard.

[wolfry1]

indeed...but IMC is (will be) buying a physical raw material.....which will always be worth something...you and I are buying "paper" ..!!!!! and that is the difference.....the risk is in the purchase of  "paper" which potentially could be used as toilet wipe...may it be the soft type    :-)

[professorchaos]

You and I are not buying just paper, we are buying paper that gives us ownership of the resources that IMC wants to buy. When IMC gets their raw material, they will be giving us money in exchange. The money they will give us, on a per-share basis, will likely dwarf the current share price. Unless something happens that changes that, very little else matters, don't you think?  

[Adrammelech]

I agree with all the comments but paper only becomes money when a dividend is released to us. Untill then it is all relative value and not real (look at NTC which I am also in, it produces even). We will see how Brian and the crew progress, this is probably the least risk stock in this venture category bar none, even GWG types are not as safe overall. GLTA Longs Adammelech

[wolfry1]

I respect your view ... My take is that you are just buying paper - ie shares....looking from the outside-in.... your paper and mine have no control over any aspect of the company or share price, the only thing you and I can do is play the waiting game.!  I agree that the share price SHOULD appreciate when Woulfe sells the raw material.....BUT there is no rule that says that will happen..of

[mercurysmith]

Great comments wolfry, professorchaos, adrammelech and AAA.  I just got off work and read them all.  Our DD is different that that of IMC.  In relative terms, we know so little about what is going on with Sangdong and we have to decide who we trust.  If you never trust anyone, then you never invest.  That means you never lose money, but you also never make money. 

[billlc]

...GWG got its $90 million, just hit a new low. Largo just got its BNDES loan (supposedly), let us see what happens tomorrow. Who said "stop the good news, everytime we get some the stock drops"? Other than NGC has anything gone well (in mining)?

[mercurysmith]

The TSX Venture Composite Index has fallen 440 points (from 1680 to 1240) or 26 % in the last 75 days (since the beginning of March). Billic, you are correct that almost no mining stock has gone up, but I would go further and say that the whole Venture has had a significant downturn. Fortunate for us, IMC is not buying 25% of Sangdong just to make a profit on a penny stock--IMC wants to secure a