GREY:WFEMF - Post by User
Post by
74volframon Nov 15, 2014 11:20pm
497 Views
Post# 23133377
next four weeks
next four weeksA brief comment to Mr. Aurelius: what you started four weeks ago with “opportunity knocks, major news coming” and “don’t sell your shares”, has now turned into "dilution scheme / scam" and “bankruptcy announcement during the December 15th AGM”. This crusher was sold more than five months ago. The speculation is maybe a bit much?
The company is saving cash as much as they can and there is probably not a whole lot of it left, we all know that. But as far as I can see from the reports, people are still working at the mine and getting paid. My thought is that Woulfe is trying to make it to the release of the new feasibility study with what they have raised already, and they will use the new study and mine plan to secure financing for the next phase. They better have a good plan ready, and surely more options must be available now after a year’s of drilling and de-risking, right?
On the next four weeks' agenda:
Additional resource assessment at the Hanging Wall will be finished.
New plan for the mine will be finalized possibly even next week and If I were them I would release it as soon as it is ready.
AMC feasibility study should be out in December likely before the AGM,
The AGM will happen on the same date the IMC loan is due. Having the AGM at Dundee HQ, I think is a positive: they would not want to hold a bankruptcy announcement there.
To answer Mr. Germanicus: there will be proxy-related material sent out to the shareholders, but as yet there is no indication of what will be asked to vote on