Woulfe Mining Corp WFEMF

quick follow up

[74volfram]

I do not think our old board had the welfare of shareholders (only) in mind when they rejected the first offer. Dundee wanted out and Woulfe's board was really all Dundee (except one) and they wanted (mostly) what Dundee wanted (likely cash to leave in addition to AII shares, which they got in this second round)

Almonty paid more than 5M in cash and shares to have its people in the board of directors at Woulfe. Consequent to its share sale Dundee lost the right to have majority of board directors at Woulfe. Dundee CEO at Woulfe (Gaucher) had to resign. Same with the son of Goodman.

The new offer is within the range of the old offer, except with a fixed conversion rate of AII and WOF.  Woulfe shareholder will own 40.2% of the combined A&W company, no matter what the SP of Woulfe or Almonty is at close of the deal.

Most of us I am sure wish we should get many times what we eventually receive from our deals every day. I know Sangdong is roughly the equivalent to the three combined Almonty properties.  However I do not have real tungsten mining expertise and Almonty does, and that is maybe worth the 10% difference.

I could be wrong, but I expect to get a whole lot more from the A&W merged company than I could from WOF or AII separately.

[Zynfandel]

I completely agree 74volfram. WOF, on it's own, was stuck in the mud. Now things may get some traction again. It's time to get the ball rolling here. Zyn

[Flow23]

Also agree! It's to note that the merger brings some good competition among offtakers: Almonty is with GTP (Global Tungsten Powders) and Woulfe with IMC.

[kilgor]

I totally disagree with Wolfram.... if you bought 100,00 Wof shares at $0.15, your investment would be $15,000   Almonty's Offer of  1 Almonty share for 10.29 Wof shares::   100,000 x 10.29% =   10,290 shares of Almonty   Almonty would have to be $1.46 a share before you break even.     I am sure many of us and the major institutional shareholders

[GaiusGermanicus]

LEGALLY his actions must fall in line with his fiduciary duty to WOULFE stockholders now. His fiduciary responsibility to Almonty stockholders, including himself, is ended.

[kilgor]

As long as he is CEO of ALL, he has a responsibility there also. But as for Black representing our best interests, action speak louder than works, and so far I don't see it. Both this and the last mgmt spend more time scheming how they can get a bigger slice of the pie. According to the recent feasibility report, "The Sangdong Project has a projected low tier operating cost of $107

[GastownGuy]

FWIW Mr. Volfram, your statement " I do not have real tungsten mining experience and Almonty does" does not really fit with the content of your posts since joining this board in November 2014. In fact I suspect you have considerable tungsten mining experience, perhaps even enough to be currently working in the field - who knows? If you really think Woulfe shareholders should be thanking

[Markidesad]

De Facto I like the deal, although it doesn't mach my BEF. but there is now a brighter future for the "forgotten mine". I'm thankfull to no-one, but at least we got rid of CSE . If things go the right way, of course ..... Just one thing : we've  lost Dundee in the past, but now they are back in Allmonty. So what are our partners  : IMF or Dundee ?????

[Markidesad]

So sorry I forgot and had to add this thing : What is the position of Korea Zink ?????

[Pauly10]

Wow!   This is the first post I have seen to put down Volfram...... Should be an interesting response.

[GaiusGermanicus]

I had planned on a certain amount of dilution ramping to production on Woulfe.  I note that I wanted an end amount of .1% of the company, so I built up about  .239%, which, after getting 40% of Almonty means I'll end up with JUST about .1% of the combined whole. I guess I'll have to live with that, given its better than most other outcomes with significant probability.