GREY:WFEMF - Post by User
Post by
StockExpertProon Feb 05, 2013 9:22pm
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Post# 20943685
Goodman & Buffett Bidding War on WOF
Goodman & Buffett Bidding War on WOF I think Ned Goodman & Dundee are about to get into a bidding war over Woulfe Mining with Warren Buffett's IMC/Berkshire Hathaway. This could get very interesting in the next few weeks.
Looks like IMC and Buffett should of closed this deal a long time ago. Now their attracting other billionaires to Woulfe Mining who want a piece of the action and might try to out bid them or sneak into the picture so they can buyout Woulfe Mining.
If Ned Goodman's Dundee does a buyout of WOF they could resell Woulfe Mining and the assets for huge profit to IMC sometime in the future. Ned Goodman and Dundee realize that IMC desperately needs this long term supply of tungsten to expand their tool making factories. IMC has BIG plans to become the largest high grade tungsten tool making company in the world. IMC just recently spent many millions of dollars on a new factory in South Korea.
With Ned Goodman now on Woulfe Mining's board of directors this could completely switch things around on IMC. I think IMC and Buffett have just been duped at their own game.
Great buying opportunity on WOF. Long & Strong!