Woulfe Mining Corp WFEMF

RE:RE:Answers (sort of)

[kilgor]

I agree steamerlane, and to further add to your points, this wasn't incompetence on Dundee's part. This was strategically planned.  This is not Dundee's first rodeo in the mining space. Dundee's track record with our company was not to get us to produciton, but to increase their ownership through various tactics including share dilution. Dundee put bean counters on our board and not anyone who could get our mine to production. Even in Volram's own words, FS1 is similar to FS2, and FS3.  Evidence of delay tactics.  Nothing to move the project forward. A song and dance routine to keep us entertained and keep us in the dark to what was really going on.

• Dundee first wanted voting rights on preferred shares. When the preferred shares tatic failed, did we hear about the results, no....that was suppressed. That should have been the first sign they were working against us. After the preferred share proposal failed, then the next tactic was to delay the progress of the mine. During that time, we lost Tiger Kim and another competent mining manager. We had people working at the mine, plus some mining equipment. They could have done something to generate some revenue, but instead they chose to put the mine in dormant mode.
• While they were delaying the startup of the mine, I took screen shots of Dundee Capital selling our share in minute quantities suppressing our share price. I wrote to Gauthier regarding this. Did he respond? No, but Dundee selling stopped shortly thereafter. (But who is to say they didn't use another account).
• They said we would get more frequent reports and updates after ousting the Wessons and by moving to the CSX. That didn't happen, did it? And the CSX.....another farce..... go figure that Goodman is involved in that too. Dundee has a past history with Almonty providing financial services. This was probably the reason for the delay so that Dundee could server us up on a silver platter.
• I can just imagine the sales pitch our management gave to those companies to accept our shares in lieu of payment for their services.
• Now they are say, trust us...the deal with Almonty is a good deal. Good for who? I haven't seen one thing that we should trust our board or the new management under Almonty.
• They are the vultures we all are dealing with and your going to trust them? Have they earned your trust? Do you really feel that they are above board and will make decisions in your best interest? By all means, if you think they are your friend then vote in favor. Being taken for a ride once is bad, but falling for it a second time, you have no one to blame but your self and you have to live with it. Just look at their track record, it speaks for itself. 

Remember, if Almonty was a better tungsten supplier, then IMC would have made a deal with them. But they didn't. On a final note, I don't feel that this is the end for us if the merger doesn't go through.