GREY:WFEMF - Post by User
Comment by
chizzleson Jan 22, 2014 9:33pm
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Post# 22123262
RE:RE:RE:Woulfe Mining Arranges $350,000 Unsecured Convertible Loan
RE:RE:RE:Woulfe Mining Arranges $350,000 Unsecured Convertible Loan
My issue is that once again, we get a news release that keeps us scratching our heads after reading it. It doesn't even state that it is for working capital. I agree that we might not hear anything else for 5-6 weeks which, after the trading the last few days, kinda hoped that we would hear something a bit more significant. Also, with the info Guerreiro gave us yesturday, he was told that financing would be within two weeks, I don't think we were expecting THIS to be the financing. The positive, Dundee is continuing to put money in this which I don't think they would do if they didn't feel they would get it back. If Woulfe doen't work out and goes to zero, their shares are worthless. If there is no money left in the bank, the 12% interest is meaningless.
I still don't understand who sold 3 million shares the last two day for between .095 and .115 and how 3 mil shares made the price only move two cents. We will continue to wait...