RE:RE:RE:RE:RE:RE:Top Holders of Woulfe
Quotemedia.com insider transaction reports indicate that in the last two years two "Colonial" insiders,Colonial First State Assest Management (Australia) Limited and The CFS (Colonial First State) Wholesale Global Resources Fund(together): acquired approximately 72 million Woulfe shares between 2010 and 2012 (virtually all from warrants and private sales) at an average .14 share cost. Between August of 2011 and December, 2012 (“relevant period”), these two companies sold a number of these WOF shares back into the open market on a virtually continuous and unrelenting basis at a high profit from their .14 acquisition cost. I do not know whether Colonial continued this venture capital profit taking after Dec. 28, 2012.
During this continuous share sale/supply pressure WOF share prices not only held up, but actually appreciated during some of the relevant period. Dundee's acquisition of some of this supply likely explains some of this share price stability, but certainly not all of it. As an aside, note that Korea Zink bought about 10 million WOF shares at approximately .30, and Dundee has acquired 45+ million shares at anapparent average price in the mid-twenties, and neither has not sold off a single share.
My take from the above is, as follows: 1) in contrast to long term WOF investors, Dundee and Korea Zink, these two "Colonial" insiders must be currently considered as short term venture capitalists only, not long term investors, 2) considered as short term profiteers, Colonial WOF positions have, and likely will remain, a price depressing stock supply overhang and influence on the market for the foreseeable future unless and until their positions are taken out by Dundee, or another institutional investor, 3) during the relevant period, WOF "demand" from 2011-2012 was strong enough (with the assistance of Dundee purchases) to offset significant share price depreciation due to stock supply overhang created by Colonial sales, 4) absent the Colonial supply overhang, WOF share prices likely would have been higher during the relevant period pursuant to ordinary supply/demand principles, 5) absent other future institutional stock liquidation such as Colonial's, acquisition of Colonial's insider's position by a long term institutional investor would significantly limit existing short term WOF stock supply and selling pressure and result in meaningful share price increase, and, 6) Colonial has a vested interest in keeping WOF share prices "high" (at least above their .14 per share acquisition cost) if liquidation of their original venture capital investment is to remain profitable.
Obviously, all of these observations are conditional upon fundamental WOF developments. But if they favorably occur, the above considerations could be important to the share price trajectory. Given the current share price, I continue to accumulate WOF. Good luck to all longs! Seg.