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Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

Woulfe Mining Corp > verge of a breakout?
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Post by canon12345 on Jul 03, 2014 11:12am

verge of a breakout?

What is the biggest news WOF could announce? To me the completion of the major financing with IMC and the Korean Bank. After that it would only be a matter of time until this mine resumes production. Before this we wll probably see an announcement that drilling is completed and then assays a month latter. A new reserve report and then hopefully all on board as far as the financing goes to get this mine started towards production. The asks are thin already and big news could have a huge upward impact on the share price. I hope if we get the financing in place, management (Dundee) take a serious approach to promoting this stock as it could easily go to the $1+ range if investors were confident production is all but assured.
Comment by TechOne on Jul 03, 2014 12:27pm
If drilling proves the reserve and the deal goes through more or less as previously announced, due to all the dilution that has occurred uptil now,  I expect IMC loan of $10m will be converted to equity at these low share price..  That will probably happen before they consumate the original deal.. FWIW.. Just some thing I expect will happen.. I have no concrete information to based that ...more  
Comment by kilgor on Jul 03, 2014 12:55pm
If that were to happen, wouldn't that constitute insider trading? 
Comment by $HAWK on Jul 03, 2014 2:34pm
I find the shuffling of the top 2 bid values and size each day by the MM , these are where the trading houses sell to each other and the street have to buy in # .005 higher. the picture I see is that WFEMF (OTC) are pulling WOF (CSE) higher  (SP).gradually, but we are climbing which is good.    This stock is going to breakout soon by the way the trend and activity shows, so by mid ...more  
Comment by GaiusGermanicus on Jul 04, 2014 1:17pm
Don't get too excited, I've sort of been . . . well,  not precisely "manipulating" Woulfe stock under that symbol for about a month now, but at least encouraging it a bit  . . . .  No idea what my share count is right now (brokerage trading desk NOT on during non-trading hours) but its over 450k and so I've been putting up bids when the bid is too low, and when ...more  
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