RE:RE:RE:Form 9TechOne wrote: Thanks.. Let's hope that is still the case.. IMC definitely managed to stretched this out..
And I'm glad they did. They caused enough FUD for me to be able to accumulate a significant number of shares of what so far is the largest potential tunsten mine in the free world that will be ready to start producing within a year. If they'd closed the deal last year I'd have managed to accumulate, at best. a quarter of what I have now and at a much higher average price. But I don't listen to FUD much, and figured that even in bankruptcy after everyone else had been paid off the value of Sangdong alone would leave the common shareholder with at least a dime. So screw it, I put in what was at the time half my portfolio into it over the period of a year, save for gains in other however which reduced my WFEMF holdings to 37% now versus the 46% in Apple. At one point the two accounted for 40% each of my portfolio (with the little stuff filling the cracks as it does now).
WFEMF lost alittle (though its getting it back quickly, and if trading at even $0.20 again would be smoking my Apple gains), and the others have gained, but I knew when I bought it that it would take some time for the future of this mine to be decided by the powers that be. I guess fortunately for us they've decided to exploit this resource now instead of holding back development to keep the ore for later.
Quite frankly for some time it was thought that buying Arabian oil even at $100 a gallon was better that depleting what little stocks we had domestically. Now we find that we have a great deal more domestically than was previously thought and we 're drilling again. Let's hope no one finds that their land is laying on a bed of tungsten rich allotropes anytime soon.