GREY:WFEMF - Post by User
Comment by
StockExpertProon Nov 22, 2013 7:37am
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Post# 21930470
RE:Upcoming AGM Meeting
RE:Upcoming AGM MeetingKorea Zinc could begin buying large amounts of Woulfe Mining stock dirt cheap right now. Plus they could become Woulfe's new partner if the subscription agreement with IMC expires. Korea Zinc has stated in the past that they want to diversify their operations into other metals.
If the subscription agreement with IMC expires on Febuary 26th, 2014 without being renewed. This could be considered positive because Woulfe will regain a much larger percent of ownership on the tungsten project which means increased revenue and net income for the company.
Woulfe Mining with considerable assistance from Dundee Corporation (Ned Goodman) their largest shareholder could then take the tungsten project into full-scale production. Then renegotiate a new off-take agreement with IMC in 2015-2016 when their tungsten supplies begin to dwindle and the APT price rises to $450-500+ per mtu. IMC would have to pay large premium to satisfy their tungsten needs if this scenario takes place in the future.
Upcoming AGM Meeting
Regrettably I cannot attend in person. I request anyone who WILL attend to PLEASE: 1) Ask management and the board to be FAR MORE TRANSPARENT and far more communicative than they have been thus far; 2) Tell us what is ACTUALLY going on and when the company can expect to be into production; 3) Why new studies have had to be done when they earlier had indicated they were all done; 4) What is going on behind the scenes with some of the major players such as Dundee and certain gentlemen related to it. 5) What are the specific plans now in place to bring the company into production and to secure / obtain all the necessary financing and other elements necessary to do so; Try not to accept partial or inadequate answers and demand to know the full truth. Management and the board have been dissembling and taking us for a ride. If we don't stand up for our own interests nobody will. All other shareholders who cannot be present will stand behind you and be deeply appreciative. Thank you.
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