GREY:WFEMF - Post by User
Comment by
lonadeon Jul 07, 2015 8:49am
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Post# 23897658
RE:From the news release
RE:From the news releaseI dont really see much that we need to be (more) excited about; we are already heading in the right direction.
The information provided is not new and has just been slighlty adjusted. We already have the information that this mine will be extremely profitable with the last updates; but its nice to have this reaffirmed once again. This one shows more clearly that this mine can generate cash even at these low tungsten prices.
I consider this mostly a formality to proceed to the next step; complete the financing. It appears that the banks/lenders wanted Almonty management to go over the figures again and provide their approval, prior to any contract signing.
But what really does surprise me is the fact that we do not see more buying up to 0,08 CAD. Since at this stage nobody can question the fact that the mine will actually be built; that should now be clear for all of us. Furthermore we have already received an offer from Almonty of 0,08 CAD for each share and that failed due to it evidently being too low. Almonty made it clear that they still want to merge/takeover with WOF. So they will make another attempt one day and that will have to be higher than 0,08 CAD.
I would therefore expect to see more buying up to that level at this stage......