Woulfe Mining Corp WFEMF

Board Needs to Get Their Priorities Straight!

[StockExpertPro]

I think we can all agree that this company has been poorly managed. In my opinion the poor results from the WOF Board of Directors are completely unexceptable. Instead we need action and strong leadership from the board of directors. What happened to the $150 million dollars in financing that the company claimed they were seeking from the Shinhan Bank in South Korea? Why does the company have over 40 people working on the ground at the Sangdong mine site? If no financing is available for Woulfe Mining. Do they honestly expect us to believe their BS company updates? About how no financing is available and their desperate cash crunch. While supposedly having a billion dollar company like Dundee Corporation backing them up. IMC has been lending Woulfe Mining money. WOF should negotiate another $5 or 10 million dollar loan from IMC to complete this deal. Plus almost everything should be shut down while the company runs on idle during long term negotiations with IMC. Instead Ned Goodman and the board are allowing the company to burn through their cash so Dundee Corporation can benefit at the expense of smaller retail shareholders. Everyone wants to know why Woulfe Minings largest shareholder (Dundee Corporation) has not arranged "reasonable" financing for Woulfe Mining in the short term while they negotiate long term financing with IMC and the Shinhan Bank. In order to provide leverage and support to Woulfe Mining during negotiations. Which might prevent IMC from hassling WOF further in these negotiations. If they actually begin to see that WOF and Dundee mean business. That might speed this deal up some and prevent IMC from delaying this anymore. What is the problem with this company? After briefly talking to the former investor relations Nick Smith. I think their is a strong possibility that Goodman's Dundee Corporation could be more concerned with how they can get one over on the smaller retail shareholders. Then they are with developing a world class tungsten project on schedule and preventing these horrendous company updates from Woulfe Mining. Their actions and company updates from the board seems to back this theory up so far. Large billion dollar companies like Dundee Corporation and IMC do not "lollygag" around valuable business deals like Woulfe Mining. Over what amounts to pocket change for most major billion dollar corporations. They get the deal done and they move on to the next one. The amount of money required to make Woulfe Mining a World Class Tungsten producer is relatively small compared to most mining projects. I have a "REAL" problem with the fact that they seem to be taking this in a direction (based on recent company updates) to try and screw over the long term shareholders after grossly misleading them. Dundee Corporation could come in and do a massive private placement, stock offering with warrants or debentures topped off with big commission fees and "the works" sometime in the near future. Enabling Dundee Corporation to gain a much larger percentage of ownership in Woulfe Mining. Possibly 40% or more of the company. Ideally 51% control or more of Woulfe Mining. While smaller retail shareholders pay the price dearly. Effectively being diluted out of their stock ownership in Woulfe Mining with their investment becoming nearly worthless. In my opinion Goodman's Dundee Corporation should be more concerned with how they can get one over on Buffett's IMC. That is where the real money is at.
Small deals like this do not take "years" to complete. No large billion dollar corporation would waste this amount of time, energy, money, protracted legal costs and other resources on a small deal like this. Everyone would love to know the answers to these questions. Something just doesn't seem right. In my opinion the Woulfe Mining shareholders need to be fully prepared to commence legal proceedings against the company, Dundee Corporation and the board of directors. As a last resort if this turns out to be nothing but a scam or dilution scheme. Cheers! https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=105435&utm_source=twitterfeed&utm_medium=twitter