RE: RE: WOF Ownership Info Lastpick and Techone, there are some good clues to current share ownership. Historically, in July 2011 we know Colonial Bank held 13.8%, Korea Zinc 12.5%, and Resinco just under 10%. Since July 2011, Woulfe's shares have been further diluted.
The October 17, 2012 Management Information Circular (page 3) filed with Sedar, under the heading of "Voting Securities and Principal Holders of Voting Securities" stated that no shareholder as of that date owned 10% or more of outstanding shares. Thus we know that as of October 17, 2012 Colonial Bank and Korea Zinc's ownership had slipped to just under 10%. As of that date Dundee also had less than 10%.
In the last 6 weeks, Dundee has been making a big push to hold 10% of the shares. As best I can tell, Korea Zinc, Colonial First and Dundee all three now each have near but just under 10% of the shares, for a total of nearly 30% of the shares. Resinco has around 8%, bringing those big 4 shareholders to a total of 38% of the company. I think these companies like holding just under 10% because it results in their having less public reporting requirements. Dundee also holds sufficient warrants that they are required to report as a major shareholder even though their ownership of issued shares may be just under 10%.
This ownership spread is great for us retail shareholders. As the last poster said, many of the retail traiders have now been bought out, resulting in a lot more shareprice stability. None of the 4 big players are leaving, which helps retail shareholders holding long feel secure. I know I am feeling that Woulfe is one of the most secure venture companies on the exchange, with far less risk that nearly all other venture companies. The $35M from IMC will significantly de-risk it much more, but retail investors like me are willing to take some managable amount of risk before the IMC news because there is a lot of money to be made in having invested before that news comes out. On a cost-benefit analysis, my dd shows this is a great opportunity, and it appears these 4 major sharholders agree as well.
BTW, I agree with the comment regarding the "Warren Buffett effect". Just mentioning his name in association with Sangdong mine is money in the bank. When IMC ends up owning 25% of the Sandgong mine junior company, that will be a major s/h that is trusted world-wide.