GREY:WFEMF - Post by User
Post by
StockExpertProon Sep 16, 2013 8:19pm
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Post# 21744348
Woulfe Mining Share Structure
Woulfe Mining Share Structure Expecting a Korea Zinc update next week concerning Korea Zinc's right to exercise a participation in relation to the Offering.
I bet Korea Zinc raised hell with the WOF board of directors over this latest offering. Now Korea Zinc wants a piece of the pie.
It's good to see that other major shareholders are watching this closely like Korea Zinc to make sure WOF management is on the up and up.
The WOF board of directors will need to get a grip on the share structure in the near future.
They should keep the share structure under 400 million outstanding shares to ensure shareholder value remains strong. Everyone invested expects high returns due to the amount of risk they have been exposed to on this.
"The Company expects to provide an update concerning the exercise of Korea Zinc
Co Ltd.'s right to exercise a participation right in relation to the Offering,
as announced on September 9, 2013, mid-late next week."