Woulfe Mining Corp WFEMF

Dundee

[chizzles]

I am trying to figure out why Dundee approves getting rid of their 59 million shares for a value of $.08. How do they benefit? Looking into management of Almonty, I don't see any relation to Dundee with any of them (BTW, insiders own 68% of all Almonty shares). Unless, as someone previously posted, Dundee might be in financial trouble with dropping commodity prices and dropping Canadian dollar. Also, what happens with the $10 million we owe IMC? Just rambling and trying to make sense of all of this.

[TechOne]

This does not make any sense.. What happened to the deal with IMC ? Bums.. Remind me next time to get involved with anything to do with Dundee..

[kilgor]

If Dundee was in such dire trouble, then how can they be acting as financial advisors to Almonty? A previous poster stated Dundee would be compensated by equty. If true, then wouldn't they be taking cash instead of equity?  Dundee has a representative on our board while simultaneously financially advise Almonty. How can they serve the best interests of both shareholders 

[chizzles]

I was wondering the same thing Kilgor. How is Mark Goodman on the BOD of Woulfe, and Dundee owns 59 million shares (at an average of way more than $0.08), yet be the financial advisor of Almonty? Is that even legal? That is one thing that tells me that Dundee is far from over in all of this.

[rockplay]

"Again, not the direction we want to go in but if we have to....an interesting read...at least they seem to make their beat up projects extremely profitable." Of course,  Almonty makes their beat-ups profitable -  when they take them over so cheaply their only direction is up.   I think that we will eventually see the 30 cent value of WOF but it will take longer than we