GREY:WFEMF - Post by User
Comment by
ark88on Oct 30, 2012 10:13am
296 Views
Post# 20538654
RE: imc, sinhan, woulfe.....
RE: imc, sinhan, woulfe..... Most retail investors grossly underestimate the downside risk to their investment.
With WOF, I think it's important to consider that we have in essense double protection, at least for the short to medium term, in having 2 deals, one with IMC and the other with Sinhan. I know that many here have differing opinions on the relationship between the 2 deals, whether one or the other is a prerequisite to the other deal being finalized. Kind of like a chicken and the egg analogy. But I take a slightly different view from a risk management point of view in that as soon as Sinhan completes their DD, we would then have 2 separate opportunities to further develop the Sangdong project. If IMC does come through that would be the best scenario. But even if they walk, I think we may still have an opportunity to discuss with Sinhan ways and means to progress the project, even if it means with revised terms. With either scenario, the most important part is that the project remains alive and that to me is critical.