Woulfe Mining Corp WFEMF

No worries for me.

[mercurysmith]

I think we are now a bit too critical and jumpy regarding IMC and Woulfe.  Everything seems to be good with the offtake.  It is true that we have not been very accurate in knowing the exact day when the offtake will be confirmed, but there is no rational reason to think there is any problem with the off-take.  Let's not confuse "timing" of offtake confirmation and probability of the offtake eventually going ahead.  Whether, last week, this week, or next month, as long as the offtake is confirmed within some reasonable time-frame, it doesn't make too much difference to those holding long with Woulfe.  That confirmation may well come this week--time will tell.

[clk_vested]

Oh, I agree with you in general. I think management is competent and both parties need a deal, and a deal will get done, sooner or later. That is why I continue to hold a rather large position (large for me, anyway). However, I do have some concerns that in the end the deal may not be as sweet as we might wish. Dilution may occur in one form or another, and I'm sure IMC will want the best

[Mark101]

Your right mercury there is no worries, but I can't help speculate that if the Chinese are serious about getting into the tool making business it would only make sense for them to buyout Woulfe right now and take Sangdong away from IMC. Not only would they get a huge tungsten deposit but also the rights to all of Woulfe's leases...

[mercurysmith]

The bigger picture things worth worrying about include: 1.  Will the offtake with IMC complete in a reasonable time? 2.  Will the price of Tungsten remain in the 400's? (will the Chinese try manipulating the price/supply?) 3.  Will the construction be completed some time in 2013? (to stay ahead of developing competition)   Big picture things that are not any concern for me