GREY:WFEMF - Post by User
Post by
GaiusOctaviuson Jul 21, 2014 11:16am
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Post# 22765666
Tungsten Carbide Drill Bits Contaminated Drilling Results?
Tungsten Carbide Drill Bits Contaminated Drilling Results?Perhaps the drilling program results were contaminated from tungsten carbide drill bits. The previous CEO Brian Wesson was known for taking short cuts. Woulfe's stock price could collapse if IMC is not satisfied with the drilling results. Plus there is little upside for the stock price even if the drilling results are favorable because management refuses to properly disseminate good news to potential investors. In order to keep the stock price low because they're catering to Dundee's agenda.
chrisp6712 wrote: My main worries:
The test drilling results show the site is not financially feasible to mine. I was hoping to see an increase in share price due to positive early test results being leaked. This didn't happen.
The financing deal gives the company away and us shareholders get screwed.
China floods the market like they did a decade plus ago to put any potential competition out of business.
Good Luck.