Woulfe Mining Corp WFEMF

Talk about uninformative!

[fattail]

So IMC has received their independent consultant's report and there obviously must be a problem. But they are going to work together and discuss and figure out the next steps in connection with the due diligence and the project.

There sure didn't seem to be a lot of optimism there. Or reassurance.

Anybody got any ideas on what the problem might be?

Both IMC and WOF need this thing to work. I can't foresee it being dead but maybe restructured! Thoughts?

[Vantheman7]

Well I guess IMC don't want to walk straight away from their $5M that they have paid!!  But the PR is not good news. Always difficult to understand WOF press releases.....   Why is it so difficult to write them so they can be clearly understood.  The fact is that IMC HAD 60 days to complete DD.  Then it became 70 days, informed to investors by a presentation.  Now

[jtsmith]

I agree Vantheman, it's hard to know exactly what they're trying to get across here. And CJHalee, agreed again, if they're saying one thing yesterday via the presentation and turn around and say another today in this news release, that would take some pretty big cojones. However, is everyone sure that this is a further 60 day delay to the DD? It sounds to me that the 60 days referred

[AAA-1]

I wrote the company to get a clarification.  fingers crossed.  CEO speaks pretty confident they will have an agreement .

[SmitherTime]

You hit the nail on the head jtsmith!  People most definately misunderstood the word "transaction".  What we are all seeing today is market innefficiency at its finest!  Boy do I wish I had some free money to make some money off of it.  Frankly, this NR contained nothing we didn't already know...Such a shame it was ever released.

[AAA-1]

yep!  should have waited to buy...oh well. likely I would not be able to get those 21 cent shares.

[ark88]

The first thing that came to mind when I read this NR is the saying, "If you have nothing to say, then don't say it".