Woulfe Mining Corp WFEMF

RE: RE: DD etc. IMC Unveils Fancy New Factory

[StockExpertPro]

Read the article closely.

Speaking with journalists Monday at the opening of the company’s second plant in Daegu, South Korea, Jacob Harpaz, president and CEO of Taegutec parent IMC, declined to discuss the cost of the highly automated, 22,000 square metre expansion but said the facility will help the company meet rising interest in Taegutec products. “It’s an investment to double our production to supply our large demand.”

https://www.etmm-online.com/machining_accessories_cutting_tools/articles/359564/

IMC will not discuss the cost of their fancy new factory. Of course they will not discuss the cost of it because they are sinking billions of dollars into this new factory while they try to rip off WOF and the shareholders for a measly $35 million dollar super cheap long term tungsten supply deal. If IMC had any sense they would of waited to announce the building of a fancy new multi billion dollar factory in South Korea after the WOF agreement was complete. Which means their multi billion dollar factory is worthless without the main ingredient TUNGSTEN. This gives the WOF CEO Brian Wesson some leverage for negotiating a better deal for the shareholders in my opinion. IMC has more to lose on this deal falling through then WOF does at this point.