RE: RE: RE: News out on Woulfe Mining! Most likely they've already paid for the work and hence it would be idiotic (and delay the mines opening if an agreement is reached) to stop at this point.
I WARNED you almost a year ago now that mininig stocks are VERY VERY risky. You got in some good research so I followed on this one, but I am NOT freaking out. There will be questions asked and answered in good time, but for now all we know is that they're short on money, and no startup I've ever been invovled in hasn't been capital starved at one point or another? Not everyone can prefectly predict expectations, and fewer tailor their long term budget to their short term cash position, thus occaisionally overextending themselves.
A loan, alittle dilutoin, whatever . . . I had some idea that might be coming, but this is NOT neccessarily the end of the world. Even after bankruptcy (if it happens) shareholders often recover more than the pre-bankruptcy stock price, and I suspect an all out bidding war for Sangdong among the worlds Tungsten producers at a time when all Asia is regearing for war and available resources become scarce might actually fetch more than the mine is worth.