RE: RE: imc, sinhan, woulfe..... I agree but I think the IMC deal is good for the short run to drive up SP but I think long term we would be better off without them and just use the bank financing.
I'm pretty sure IMC won't be buying product at market and even though we have a guaranteed buyer I believe our profit margins will be a little limited.
I could be wrong and we could have a sweet deal all around.
At this point I think it all rests with management.
We also can't forget the offshoot products like Moly and the Muguk mine which I believe should/will be separated out from Sangdong. I think you will see that this will also turn out to be another nice bonus regardless.
I believe the potential here is really great. I don't think I have been this optimistic about a stock in a long time.
The worst that could happen is that the financing doesn't come through. As I said before we are in a different environment now and I believe the financing will come through with IMC or not.
They might get both deals done at the same time. JMO
Either way WOF is looking very good.
GLAH