Did anybody following Woulfe on Stockhouse attend the recent presentation in Germany? I assumed it must have been an update from the June presentation still on the Woulfe web page, but that June presentation has yet to be updated on the webpage. Can some German speaking person do a little web digging regarding what was presented at that conference (in addition to the interview of Nick Smith)? It may well give us a better understanding of what is about to be presented at the 7 city corporate presentations starting Nov 19th. This is the type of area where big fish can so much more easily do dd that we small fish can, by sending someone to that presentation. I wondered if anyone from Dundee may have attended.
Also, have we ever received any definitive answer to why the original proposed bank line of credit has been increased from $110M to $150M? Some speculated it might be in part to put heat on IMC to hurry up the $35M payment or run the risk of having Woulfe go at it alone. I doubted that theory, because I believe IMC really wants the tungsten supply and Woulfe really wants the IMC offtake in order to qualify for the bank loan. I am just uncertain of why the $40M increase in the bank line of credit, in circumstances where there is now a suggestion that using Korean costs, it might cost less than earlier anticipated to be up to full production.
Lastly, I strongly agree with the poster that questioned why Woulfe would go on a 7 city corporate presentation tour only to be on the defensive the whole time as to why the IMC money has not yet arrived. It is much more logical that Woulfe will be on the offensive side, with confirming they now have the funding to lead to construction of the plant and production of the tungsten by 4th quarter 2013. I just don't see Woulfe spending all that money by November 23rd to buy the land unless the financing for the whole project will be in place before that date. They do have sufficient cash to go through with the land purchase, but I doubt they would be spending that money now for that purpose unless they have the funding for construction. Just my thoughts for the weekend.