GREY:WFEMF - Post by User
Post by
StockExpertProon May 22, 2013 11:29pm
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Post# 21429374
Vultures at Ned Goodman's Dundee Corp.
Vultures at Ned Goodman's Dundee Corp. Read the recent News Release again, this time without the rose-coloured glasses.
If the new management can't raise the money, and quickly, the game is over. I assume you know that the locals in Sangdong are also getting fed up with all the delays, as that has been posted here. The company is skating on thin ice, and that ice gets thinner with every day the financing has not been closed.
I sure hope the new management can pull it off, but at this point you should definitely not have money invested here that you aren't prepared to lose 100% of. It appears that this Woulfe Mining tungsten project is falling apart. Partly because the vultures at Ned Goodman's Dundee Corporation & IMC are just so obsessed with ripping off the little guys and stealing the college tuitions from the children of smaller retail investors. They have been blinded by greed. Which is why they fail to recognize that the South Korean government could just step in and confiscate the entire Sangdong tungsten mine then nationalize it. Based on my research the South Korean government is fed up with this lack of progress and will confiscate the tungsten mine. If Dundee Corp. and Woulfe Mining do not get their act together soon. I do know this much. South Korea is trying to stimulate its own economy and it doesn't have time for these foolish games.