Woulfe Mining Corp WFEMF

RE:Will Korea Zinc Gain Control of the Tungsten Mine Assets?

[Happy4GudInfo]

After we nagged them about fifty times and also threatened to pursue them legally they FINALLY came up with a new website.  Naturally it contains NO company presentation and NO fact sheet both of which only will be "completed in due course".   What the Company Overview statement does say is this:   "It is estimated that this work program will cost approximately $6,000,000 and will take approximately twelve months to complete. The Company has recently completed financings totalling $4,350,000 in March 2014 and will be seeking additional financing to fund the remainder of this new work program."

Presumably the "approximately 12 months the work program" (never deemed to even have been necessary earlier) will take starts being counted from now?  Which would mean that it ought to be completed by June 2015.  ("approximately" only of course !).   

In the meantime I am quite sure that the management will continue to fund any cash obligations that come up out of further share issuances meaning taking the money out of the pockets of common shareholders through even further dilution than that which already has taken place.

If they then also issue preferred shares as you indicate, then it will clearly be ALL OVER for the common shareholders.  

And Dundee I am sure has no intention of forking over any cash of its own until it can be sure it can acquire whatever is left of the company for PEANUTS.

Where are the regulators in all of this?  Clearly asleep at the switch.  Is that the fault of the CSE?  Probably not, it's probably an even more "systemic" problem than that,  but I just don't know.  

Writing to the management has never done any good in the past and I am sure will continue to not do any good at all in the future.   Only if they start to get some heat from some of the people that matter (at least who matter to them) might something start to move.   As far as "getting the show on the road ASAP", this makes me think of an old British proverb which is this:   "If wishes were horses then beggars would ride".   And at this point the common shareholders are regettably little more than beggars.  And it is axiomatic that the management will continue to ride roughshod over us as long as their game can last.