Woulfe Mining Corp WFEMF

RE: RE: RE: RE: RE: RE: RE: RE: Ned Goodman-- On t

[mercurysmith]

Segusmundo, the term of the  $5M loan expires around Feb 25th.  You are right that the plan has always been for that loan to be rolled into the $35M equity IMC would be paying for the 25% ownership of the mine.  I think Woulfe must just be making a statement that they are not going to put themselves totally at the mercy of IMC extending the time to pay the loan, because now Woulfe will have a viable backup plan of simply paying off the loan from the debenture money.  As Woulfe is trying to negotiate the closing of the deal with IMC and Shinhan, they really were in a weak position given the potential threat of the loan not being extended.  Now that financial cliff threat is off the table.  This is why I posted earlier that IMC will now need to have a more agreeable tone with the firming up of the negotiations with Woulfe.  We now have more options open and can bargain from a stronger position.  We have given up too much to IMC in the original deal proposed and IMC will now need to stop trying to further tighten the screws, or else Woulfe may just find another offtake partner.  Don't get me wrong.  I think the deal with IMC will still go through.  It is just that there are other options now on the table, such that IMC can not simply choak Woulfe into any more concessions.  This debenture news may well speed up the completion of the IMC/Shinhan deal, in addition to making it a more fair deal for the Woulfe.