Woulfe Mining Corp WFEMF

RE:RE:RE:RE:RE:Something like this needed to happen

[mtlimpact]

It can't be satus quo in that situation.

If  Almonty wants to sell to it's buyers then IMC must make a choice either complete the deal and get between 90-100 % of production from the mine (as per agreement) or get their 10mln + interest to get out.

So it is IMC's choice, Sh*t or get off the pot.

My thinking is IMC wanted assurance that the mine would go into production before signing the deal and Dundee did not have the expertise.
So they went out and got Almonty to come onboard with a share exchange (so they keep their interest in Woulfe), for me that is a win win.

The fact that the market price for tungsten is low does not affect IMC, if anything it is better for them since they are buyer of the metal to build stuff not a seller like a miner (Woulfe).

So if Almonty thinks they can make money at these prices they will go ahead and everybody will be happy.