GREY:WFEMF - Post by User
Post by
GastownGuyon Jul 18, 2015 7:58am
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Post# 23936982
Six months later....
Six months later....Can someone explain what happened in January when Woulfe released the results of the final feasability after the markets closed on a Friday? Seemed like a strange decision at the time but when the shareprice jumped almost 70% on the following Monday, it seemed a brilliant move. It certainly seemed the market liked the results and that the shareprice was poised for a run. Of course we know that run never happened as before the markets opened on Tuesday the Almonty saga began and the shareprice immediately fell back to where it had been prior to the final feasability being released. Six months later here we are, still trading at six and a half cents with a new merger offer from Almonty valueing our shares at seven cents. Million of dollars have been spent over the past seven years derisking this litlle Canadian junior mining company. Compliant resource testing, feasability testing, off-take agreaments, mine developement plans, processing engineering plans, and even final financing plans with local business and banking institutions. Seven years, millions of dollars, every conventional measure of derisking complete, and a seven cent value offer being sold to shareholders. Is this too sarcastic....really sorry. Canadian mining eh.