Woulfe Mining Corp WFEMF

Just a Thought

[ark88]

IF and when we do get the confirmation of the deal with IMC+Bank and the money is forwarded to us, what I'd like to see management do is to use some of that cash to buy back shares.

I don't have the Capex numbers handy, but some of the $35 mil. should be used to reduce the overall float. Someone could correct me on this, but shouldn't the $150 line of credit plus another $35 mil. for the plant be enough to bring Sangsong into production? We could use $10-20 mil. towards the buyback.

[alta777]

maybe they will build the plant on thier own

[petropig]

They are not smart nor professional enough to build a plant of their own.  Hopefully they will be bought out by somebody with the proper resources.  I have been selling ever since the price has come down from $.38 and I plan to start buying again once the price gets down to $.20.  What happened to the update that Nick said was going to put out last week????

[Bobwins]

that's a terrible idea.  Raising capital nowadays is really hard for juniors.  So you want them to raise money and then buy back shares?   What happens if they run short of cash for the mill/mine?  Go back to the market and get more?  Imagine what that pricing would be. What happens if they run into hiccups during startup and cashflow is delayed?  What if a major

[ark88]

So if the deal happens, WOF will have $35 mil. cash at signing and access to $150 mil. credit plus another $35 mil. for the plant. So how long would $185 mil. last and when do think that would be? 9, 12 months from now? Let's say we have delays, which of course is very likely, with $185 mil. spent we would be much closer to production. Given the fact that this deal is based on a 90% offtake, i