GREY:WFEMF - Post by User
Comment by
wolfry1on May 15, 2012 6:15pm
228 Views
Post# 19912818
RE: RE: RE: RE: RE: RE: RE: Hard Assets New York I
RE: RE: RE: RE: RE: RE: RE: Hard Assets New York I I respect your view ...
My take is that you are just buying paper - ie shares....looking from the outside-in.... your paper and mine have no control over any aspect of the company or share price, the only thing you and I can do is play the waiting game.! I agree that the share price SHOULD appreciate when Woulfe sells the raw material.....BUT there is no rule that says that will happen..of course I'm hoping that's what will happen, but I'm also a realist. If there is no interest in WOF in general, the share price won't go anywhere regardless of IMC. Having traded penny stocks for decades.....i've seen the good, the bad and the ugly.....companies over promising and under delivering..anything is possible.
As I've said before..I hold a sizable position .....but there is something about WOF that makes me..... uneasy..!!!! With all the fanfare...IMC...Berkshire...Buffett...great resource...looming supply defecit, 400 mil NPV, road shows, BTV , BNN and on and on....and it sinks to
.235 with anemic volume. Certainly the markets have not been kind.....and we now heading into the summer doldrums. I was surprised and dismayed to see that WOF was not able to support a share price above 35 cents with the IMC annoucement. Hopefully there are better times ahead ..!!!!