GREY:WFEMF - Post by User
Comment by
TechOneon Jul 08, 2015 10:17pm
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Post# 23905681
RE:These things happen frequently around here ...
RE:These things happen frequently around here ...Once Dundee threw in the towel, this was the only likelly outcome.. And I was expecting the offer of 1 share of Almonty for 10 shares of WOF before we find out if IMC is following through with their agreement to take 25% of the mine for $ 35m.. Obviously, if that happens, Woulfe share price would have moved up significantly and Almonty certainly would not have 60% of the combined company or what ever the % is under this offer.. So in effect, while IMC is silent, Almonty is getting the Sangdong which is what will save them over the long haul..
However, having said that, I will take the exchange because cash-starved Woulfe has no other suitor hanging around and a merged WOF/AII will be worth a lot more a year from now if the management can raise the funds to get going.. So yeah, as some one said, at least there is a chance to collect bigger reward in 2-3 years..
So I will vote for the deal.. FWIW..