VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 28, 2012) - Woulfe Mining Corp. ("Woulfe" or the "Company") (TSX VENTURE:WOF)(OTCQX:WFEMF)(FRANKFURT:OZ4) today announced that........
IMC has received a report from its independent consultants appointed to assist in IMC's due diligence of the Sangdong Mine project.
The parties will continue to work together and discuss the report and the next steps in connection with IMC's ongoing due diligence and the project. Upon satisfactory completion of due diligence by IMC, and subject to the other terms and conditions of the definitive agreements in respect of the transaction, the parties will have a further 60 days to complete the transaction, unless further extended by mutual agreement.
Say..............IMC decides to not proceed...............would that be the worst case scenario?.............all WOF assets are still there.
My hope is that the agreed upon numbers do not change in FAVOUR of IMC. That would not be a confidence builder.........for shareholders and potential shareholders of WOF.
That is my take on things................it will be very important to see how the shares open up tomorrow morning and if they end up higher or lower or even unchanged at days end. If more shares trade tomorrow than today and the share price ends lower at end of the day.............SOMETHING IS UP!!!!!