Woulfe Mining Corp WFEMF

RE:RE:RE:Hallgarten "Frankly this is a VERY good deal..."

[GaiusGermanicus]

TechOne wrote: Yes.. Of course.. It is a very good deal for Almonty.. Not for Woulfe with a very long mine life..   IMC turned out to be duds and unreliable partners.. So much for Berkshire connection..   And I guess Dundee is not so hot either..

 

On the up side we'd be under the management of neither, with our new management being the ones intelligent enough to grab this mine while they can, something that would SIGNIFICANTLY derisk not only this mine but the western tungsten sector in general.  I'm afraid I'm beginning to think I might add my hesitant support for this idea if not for the ratios involved.  I DO wish Woulfe would limit the deal to Sangdong mine only and then spinoff the Almonty shares as a dividend on the sale, keep some of the money in house, and exploit their other properties rather than, as Almonty is wont to do, simply sell them off, and giving previous Almonty holders by direct result some of those Woulfe assets.

Then at least Woulfe would have the continuing ability to prove itself, financing enough to pay their debts and explore Muguk, and we'd have THOSE shares in ADDITION to the Almonty shares resulting from the sale of Sangdong.