Woulfe Mining Corp WFEMF

sold all

[gossinc]

Reason: Less risk buying Resinco which has a basket of stocks including WOF and is valued at less than the WOF position.  RIN.to.  Toronto TSX listed vs Venture.  Advisory board and many other feautures.

So I have a real whack of RIN now.

WOF will move faster at first

[Majormac79]

Rin is more like a small mutual fund. Why direct invest like that??

[whoisyourpapa]

Rin just announced a rollback of their shares. . .   whois

[clk_vested]

The problem with your reasoning, there, is that all of RIN's assets are *at least* as risky as WOF. So even if one of them "pops" (let's just say WOF, since that's what those of us on this board are mostly betting on) -- so let's say WOF goes to a dollar, that should increase RIN's value by about 10 to 15 cents per share (roughly, if I remember RIN's allocations

[juncles]

Not to mention that capital gains and income are taxed twice - once at the corporate level, Resinco, and again on shareholders. Also a reason RIN will always trade below NAV.

[whoisyourpapa]

If memory serve RIN owns 26Mil shares of wof.  If woulfe goes to $1.00 it would mean $26Mil for them, divided by their otstanding shares (aprox 123,000,000 undiluted?) it gives you around .20/share.  So I doubt it would trade at .10 - .15.  Correct me if I'm wrong. . . whois

[James54]

This post has been removed in accordance with Community Policy

[gossinc]

One other important point.  RIN.to owns LGM.v and that is a terrific upside position also.  There are other good ones too.  John Icke and RIN and LGM management are buying lots of LGM and it has very small share count. So, could I see double barrel portflio stocks increase- WOF and LGM Anyways, I think a 10 cent gain in WOF is 50% on WOF roughly whereas RIN will easily double from

[professorchaos]

Unless you're buying a controlling share of RIN, you can't really think in terms of what you own indirectly. That's not to say it won't pay off for you, it's just a fundamentally different investment, with completely different risk profiles.

[Raptor7]

Suffice it to say that Resinco's recent success or lack of success has largely hinged on Woulfe Mining. The one constant has always been Resinco trading at a steep discount to its NAV. I too was once intrigued by this. Unfortunately, this ever present discount is unlikely to change and I think those who see it as a short-term buying opportunity are going to be disappointed. If you ask me

[mercurysmith]

Well said Raptor7