Woulfe Mining Corp WFEMF

Activities of the upcoming months

[lonade]

Ultimately the merger will take place, if we like it or not. Hopefully at a few cents more, after the ruling of the judge. 

What concerns me more, are they now proceeding with the completion of the financing, completing the design and start of construction. Or will Almonty management hold back all activities until September, upon completion of the merger. It would have helped in convincing the WOF shareholders to vote for the merger, if they would have added the reassurance that the closing of the financing will follow shortly and construction is expected to start within x months. 

Till now it seems Black was busy working only for his interests and that of his Almonty partners. The news release and monthly report convey this message. I would gave expected a short comment in the NR mentioning the plans for the upcoming months. If he wanted to be better than his predecessors, this was his first chance at which he failed.

Till now he has not acted in any way differently from the previous managements we've had the honours of dealing with!

Lets hope they will be gracefull enough to let us know what they are actually doing shortly (even if it is in their own interest)

Good Luck to us all! We need a lot of it.....

[chizzles]

Lonade (or anyone else), do you think that if a judge rules that we should be 50/50 with Almonty, or, if we should get more than 50% of the new company, that Almonty will still go ahead with the merger? I am curious. I am not sure if they would accept losing full control of their company. I can also see, if the judge says that we should get $0.10/share, we will mysteriously see Almonty climb to $1

[lonade]

I am not assuming that the offer of 0.07 CAD will be increased, since you state correctly that further increase would lead to the Almonty shareholders losing their majority. If I were Black that is something I would not accept and that on the other side I can accept/respect as a WOF shareholder.  But I am certainly expecting further cash compensation as part of the merger. In the last NR they

[chizzles]

Thanks Lonade. I agree 100%, but I am still not sure Almonty would go for that. If they had to cough up an additional $.10 in cash, per share, and with approx. 400 mil shares of woulfe, that would mean that they would have to give up 40 mil dollars, in addition to 40% of their company. As a shareholder of Woulfe, that is what I want, I am just not convinced that Almonty would go for that. I really

[chrisp6712]

https://www.canadianmandalaw.com/ma-activity-canada/minority-shareholder-protections-under-mi-61-101/

[kilgor]

Almonty's CEO is our CEO so the CEO and his executive are still in control no matter which company has majority ownership after the proposed merger. The question is why don't they give us a better valuation or why should it matter if we have a larger ownership in the new company. If Almonty shareholders owned 40%, they will still stand to gain because of our massive mine. It

[kilgor]

Ionade.... ALL has already showed their intentions, they want to take us for pennies a share.  They are definitely NOT working in our best interests. Most WOF shareholders will take a bath on this merger if it goes through. Secondly if Almonty was such a great company, there wouldn't be so much controversy between them and other companies. Thirdly, if Almonty was a such a great company