GREY:WFEMF - Post by User
Post by
Raptor7on Jun 28, 2012 1:40pm
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Post# 20064884
Nervous Nellies!
Nervous Nellies! Wow! If people are that nervous about this deal going through, they should have been selling when stock price was in the mid-thirties. I think jittery markets have produced a short-term buying opportunity. Maybe I'm a bit naive but please tell me where this is a whole lot different than what they announced on June 7.
The IMC definitive agreements require 60 days from feasibility report to complete due diligence, followed by 60 days to finalize and funds to flow. The delays mean that the CND$35 million equity investment could come into the Sangdong Mining Corporation Korea as late as the end of August 2012.