GREY:WFEMF - Post by User
Comment by
sober_thoughtson Aug 16, 2012 4:04pm
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Post# 20226509
RE: RE: RE: RE: What's wrong with this picture
RE: RE: RE: RE: What's wrong with this picture Ark88,
Your probably correct about the ongoing negotiations. It would be hard to believe that WOF is trying to change the terms of its contract. It openly talked about the good deal, great partner, and that everything was on track. Therefore, I think almost everyone would agree that the hold-up with negotiations, if that is indeed the reason, is with IMC. The question we all want answered is why, nearly four months after the bankable feasibility study was released and 6+ weeks after IMC received a key report (per WOF press release) in June, are the two sides apparently far enough apart in the negotiations that WOF had to go to the general market to get cash at 20 cents.
I really hope WOF doesn't happen to go back to the market again, but after being blindsided by the now defunct $20 million convertible debenture in June, anything seems possible.
Hopefully we get some positive announcement soon. Good luck to all the longs.