GREY:WFEMF - Post by User
Comment by
lazybutsmarton Apr 12, 2012 10:00am
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Post# 19785045
RE: RE: SEDAR
RE: RE: SEDAR the future is promising the company has continually been putting out good news release after good news release. The selloff lately has more to do with markets than will this company. IMC hasn't even seen the Bankable Feasibility because its not finished. So their due diligence hasnt started yet. So I don't think that the selloff was an indicator of bad news coming. Sangdong is a Strategic Asset. In a perfect location, good commodity, Great Tax Policy, low CAPEX, government support. When IMC completes this deal with Woulfe it allows them to expand and to become a more dominant company. This tungsten deposit gives them more power. They will be producing 10% of the worlds tungsten. If IMC doesnt buy into Woulfe I will be shocked. If this share price stays beaten up like this I couldn't see why IMC wouldnt take out Woulfe. It only make sense that a deal gets done its a win-win situation.