GREY:WFEMF - Post by User
Comment by
kilgoron Jul 15, 2015 10:19am
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Post# 23925670
RE:RE:RE:RE:RE:Level 2
RE:RE:RE:RE:RE:Level 2If your average purchase price of a Wof share is $0.09, then you have a good chance of breaking-even in the near future. Higher than that, you chances of loosing part of your original investment increases significantly and the probability of recouping those losses in the long run is negligible.
The only thing matters now in this merger proposal is Our Vote. No Merger takes place if they don't get 66.7% of the vote. And as I said before, according to the feasibility study, we have the best tungsten mtu to capital investment ratio in the world. If other mines can get to production with a lower ratio, it is just a matter of time before we will.
All of these tatics are to scare shareholders to capitulate or relinquish their shares. I for one will be Voting No. If we weren't valuable, Dundee and Almonty wouldn't be trying so hard to get our shares.
The way I see it, there is No ROI upside on this merger proposal for Wof investors, and how the original Wof board member can say this is a good deal for Wof shareholders, will get my nomination vote at the next AGM.