GREY:WFEMF - Post by User
Comment by
Adrammelechon Mar 05, 2015 9:28pm
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Post# 23495856
RE:note on (promissory) note
RE:note on (promissory) note
I have to agree with those comments. I think that Dundee has been muted from going overboard (ie: preffered shares earlier on) by the majority. Woulfe is much more financially beneficial to someone that can take it to production , but you need the right crew to do so and that can be tough to do. Also, the board is not configured for that.
What I found interesting about the release is the note is by Dundee Resources, the subsiduary, instead of the parent, which I believe is a first for Woulfe. If there is a buyout oppertunity maybe this is the way. If one of the larger fish at Dundee said why go with Almonty now, when if developed, a much larger fish might actually pay a premium once all the growing pains are done.
I am fine with this technique if Dundee Resources is the way, but the appointment of the Cogitore guy just seems to me like a get the T.O condo ready for a showing... I just hope they get a fair price (which on paper is right now is roughly the .50 value quoted by someone on the board with Muguk etc..)
I hope something comes of this, I can understand why quite, but I wish it wasn't from the board. I trust the ground and that is why I am here.
GLTA Longs
Adrammelech