North American Tungsten Corporation Ltd NATUF

Another One Bites the Dust? Survival of the Fittest!

[StockExpertPro]

I think North American Tungsten will end up like Malaga. It's just a matter of time. They seem to be trying to drag this out into a long painful downfall. NTC is at the mercy of those high interest rate loans. Plus they are losing money every quarter.
With Goodman/Dundee backing V.WOF up. It's very likely that the tungsten project will be highly successful. The new management at WOF seems to be serious about completing this tungsten project in a thorough manner in order to ensure the company does not end up like North American Tungsten or Malaga.
In my opinion Woulfe Mining cannot afford to be pushed around by IMC or the Bank. Especially during negotiations to renew this agreement with IMC before the Febuary 26. 2014 deadline. If you take a look at North American tungsten mining company. They are paying some outrageous interest rates on their debt/loans.
WOF needs to secure this low interest rate loan for $150 million from the Shinhan bank in South Korea. Plus it's in the best interest of Woulfe Mining to complete the 1 year "work plan" so the company can proceed with the tungsten project in a more efficient way. Long term the company and shareholders will benefit in a major way from this new & improved game plan.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 31, 2013) - North American Tungsten Corporation Ltd. (TSX VENTURE:NTC) (the "Company") announces today that it has extended the payment date to December 31, 2013, for certain of its debt obligations otherwise due at the end of October.

The company (North American Tungsten) entered into a forbearance agreement dated October 29, 2013, with holders (the "Secured Parties") of certain convertible debentures which had a maturity date of October 29, 2013. The Secured Parties are owed an aggregate principal amount of US$2,700,000 which will continue to bear interest at a rate of 10.0% per annum.

Read more at: https://www.stockhouse.com/news/press-releases/2013/10/31/north-american-tungsten-corporation-announces-extension-of-debt-payment-due#pLQY2qA7oM64Opf0.99