GREY:WFEMF - Post by User
Comment by
chrisp6712on Mar 19, 2015 3:53pm
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Post# 23540248
RE:RE:The excitement
RE:RE:The excitement Here's my theory. Woulfe agreed to join Almonty because they thought it would move up the 2016 timeframe to start mining at Sangdong. When Almonty stated they would not start mining at Sangdong until 2016, Woulfe decided to go it alone. Woulfe had a non-solicitation agreement with Almonty during their 30 due diligence period so I don't think anyone else approached Woulfe causing them to pull out of the agreement.
We'll have to wait to see if financing becomes available before the Korean politicians get tired of waiting for something to happen and kick Woulfe out.
Dicey indeed. Thirty days since the agreement was terminated and not a word from Woulfe or from inquiries I made to the IR Dept.