.10 Cent Wall
Chizzles, it is disappointing that short term prices aren't currently going up. But, the .09 to .10 July trading range hopefully has established a strong downside price support level. Thusfar, there isn't much stock supply for sales below that range, even in the face of "no news." I know that to buy any appreciable lot, I have had to pay around .10. My bids for less than that amount substantially go unfilled. Until relevant news occurs, I don't see any reason for WOF stock prices to appreciably move. But, I think they will in due course.
My bet is that the next news release will tell us that Dundee has brokered short term financing sufficient to allow Woulfe to complete testing to satisfy the merchantability of its tungsten to facilitate completion of the IMC deal and the Shinihan Bank long term financing. Later, I hope to see successful test results and mine renovation followed by a news release announcing completion of the IMC and Shinihan deals, and thereafter, production; all as part of a larger plan being crafted by existing institiutional holders of Woulfe stock. In the interim, perhaps a lower short term stock price supports the methods of the financing objectives being pursued. Surely, if Dundee wanted the short term price higher now, it would simply absorb the small daily volume with additional buys.
On a longer term basis, I hope we longs will all look in the rear view mirror at ".10 a share" and rue the day we didn't buy more at that price. Good luck to all longs. Seg.