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Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Comment by kilgoron Feb 26, 2013 1:24pm
142 Views
Post# 21043816

RE: RE: RE: RE: RE: Regulatory Question

RE: RE: RE: RE: RE: Regulatory Question

From a shareholders' perspective, we want to know the status of the loan as it will be an indicator for IMC's intentions.

But from a business perspective, if IMC has allocated resources to the finalizing the deal in which the loan will tie into, why would IMC divert resources: time, effort and money, to extend the loan agreement for only a short period of time.  Most likely, IMC gave a verbal agreement with WOF that the loan was extended, but if that wasn't in writing, then WOF couldn't make a news announcement. 

In my opinion, I am leaning towards no news about the loan is good news, because news of the repaymnent of the loan can only be avoided for so long, before it has to show up in the financials.

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