2015 or 2025....My two cents:
But first, a little 'dig', sorry I can't resist, I'm a bit annoyed with the "PRO":
(Hey SEP, I know PH numbers that you don't.... and I have been calling and maintaining communication FYI :) not like your repeated posts of already known numbers.... that you haven't bothered to call on your own in an effort to provide incite).
Under the Wessons there was no sweetheart deal, as some would have you imagine... there was only a micro penny stock company with no major financial power seeking cash from whereever they could find it, whenever they could (no staying power there). If IMC really wanted to "play" hardhall as some have suggested, IMC could've thrown 30mil or even less at the Wessons, and the Wessons would've still jumped for it. Think about it all you naysayers.
Under the Wessons the usage of 'fast track', and speed to production, etc., etc. was a tactic that all desperate-for-cash micro-penny stock companies use to help keep the SP floating.... even if only a little while (ie. fluff and smoke screens). The Wessons used this verbage because without fast-tracking they may or may not exist as a pitifully low PENNY STOCK COMPANY.
Under the Wessons, it was pure hope, work, and luck, that when WOF approached IMC, and IMC (with already established, long, long term suppliers) became interested... the Wessons maintained that interest for as long as they did. The Wessons could not put it all together.
Under the Wessons, ..... oh heck.... Do I really need to type more about them?
UNDER DUNDEE:
They immediately got rid of the fat, and no more screwy NRs like we had with the Wessons (overexcitement sprinkled with fluff). Sure the old PR guy is peeved but DUNDEE doesn't need to PR things, they just need to do what they've always done..... MAKE LOTS OF CASH.... we are just along for the ride, like it or not. But who better to have in the driver's seat than Ned and Dundee, that's for sure.
They see a different picture for the project, don't need to fast track, and neither does IMC.... contrary to what someone has been posted here, kinda fear mongering. Dundee ultimately have the financial clout to sustain doing anything with this project. They are in a much better condition / position for current and future dealings that still have to be made. There are going to be changes to what the Wessons were able to deal.
It's a totally different ballgame. They are going to do what they want in the interest of their shareholders, not us, to make what they can out of this project along with IMC.... who are still interested (but are no means desperate for Sangdong). Remember, (or maybe not) IMC and DaeguTEC planned, designed, then executed a major expansion of their business. Not based on whether or not they could find material from Sangdong either. We came into THEIR picture far after planning and design.... think naysayers think.
And so, besides getting all emotional about it, where does that leave the WOF shareholder, the little guys, like us?
Find your "inner Buffett" and look at this 12 months as a great opportunity to build, build, build.... without risking your home and the food on your table of course..... Whether this thing starts production in 2015 or 2025...... I am going to continue buying when she's down, so long as I know that DUNDEE is in the game, and increasing their stake in the game.
To each his or her own.
p.s. ya ya i've heard it before, why doesn't the almighty powerful dundee corp or even ned himself fully fund the project? ha, what billionaire (or multimillionaire for that matter) uses their own cash with complete exposure to risk......... right, few to NONE. Other cash is willing to be supplied, others are still willing to risk a.k.a. IMC and Shinhan Bank.... I'd take it too.