Vote of confidence Let's face it, getting the warrant holders to exercise 40M warrants over the last 2 months of 2011 is a vote of confidence for Woulfe. It gives me comfort. Oh sure, there is probably an overhang on the SP, as many would like to remove some risk from the equation and take some profit. Obviously, 40M can't just be dumped on the open market, and it will likely be a drag on performance going forward. Still, I just am not that worried.
I've held this stock for 2 years now, sold and bought some here and there. My investment thesis is that this mine WILL go into production, and I will wait for my targets to be realized.
Anyone going to the conference this weekend? I would love to hear what you find out from management.
Cheers all.
This is not a buy or sell recommendation. I am not a prefessional investment advisor. I own shares of Woulfe Mining.