RE: RE: RE: TSXV Companies and Woulfe Seems all of a sudden the thread has become angst driven.. Expectations since summer and exentsions to DD and now the fial contract has every one on tender hooks.. The fact that December is actually a depressing month with tax loss selling and year's misses and hits probably adding to the anxiety..
I am diversified and yet I have a very big position in WOF.. If IMC and WOF do not sign the deail, then sure, this will be a depressing hold until they find some one else to step in.. But we will be in decent company with other big investors who have more serious money riding on this then us but of course ours is more important since % wise, we cannot afford the hit..
On the plus side, we should remember that WOF has the resources.. There is very little doubt to that since it was a producing mine to begin with which was shut down due to price.. Tungsten is rare and almost all of the production is in China.. Sangdong will be the first major producer out the gate in a long while so we are ahead of the pack.. WOF share price has behaved quite well relative to a lot of juniors of all stripes on TSXV.. So I say odds favour the deal going through but as we have all said here repeatedly, 'show me the money' If we do get it before Chirstmas, it will be nice and if it drags into January, there may be a bit more pressure on share price..
I have gone through this with AUN.V last 3 years.. Check their chart and story.. I am also in 2 more names for 2013.. They are not penny plays so over all I am looking forward to 2013.. I would like to forget this year for sure.. LOL.. FWIW..