Woulfe Mining Corp WFEMF

Insider Activity

[CJHallee]

 

Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Feb 21/12	Jan 11/12	Korea Zinc Company Ltd.	Indirect Ownership	Common Shares	11 - Acquisition carried out privately	1,000,000	.350

I noticed that this transaction was at the same amount as the 1,000,000 share dispositions by Brian and Amelia recently.  Interesting transaction.

[Majormac79]

KOREA ZINC BUYING!  VERY BIG DEAL!

[Canon123]

Interesting that it was at $.35. I wouldn't be shocked if Korea Zinc did a takeover of WOF after the feasability study came out. If they are going to put/raise the financing into the mine to bring it to production they may as well own the whole thing. Korea Zinc seems to be interested in expanding out to become a producer and to secure resources for its smelters. What would make more sense

[Majormac79]

Sangdong wont sell for any less then 500 million which would be$1.51 minimum. It has. A estimated value between 500-800 million and rising with each drill result

[mercurysmith]

Majormac you are right -- $1.50 would be the lowest possible value if there is a sale and $2 would not be unreasonable. That being said, I don't think there is any pending sale. However if there is talk of sale to Korea Zinc, then it would be smart for them to buy as many shares as possible in the $.30's because with them being a major s/h of Wof, the net effect is that they are indirectly

[Canon123]

Hope you are right Mercury. It will be very interesting to see what Financing Brian obtains for the project. Getting it on production is key as the company can develop several projects after. I am only speculating when talking about a Korea Zinc takeover, but it does make sense to acquire mines in Korea and WOF has the pick of the litter! Would be very happy to see Korea Zinc back this and several

[mercurysmith]

At the Vancouver trade convention the impression left was that even though Korea Zinc continued to be an interested party as a major shareholder, any plan of Korea Zinc buying out the tungsten mine was no longer at the forefront.  However, I do remember what our Korean shareholder friend Young said about how companies in Korea, including Korea Zinc, that they will never consider a buyout

[Majormac79]

i dont see KZ as an off-take partner, they dont produced any goods made of tungsten

[ROCKABERRYFIN]

You would think there would definitely be some interest from the Chinese. They are by far the largest producer of tungsten and control the prices. They wouldnt want someone else to come in and supply 10% of the worlds demand. Unless its them. They could probably pick this deposit up for 350 million and keep control. JMO

[mercurysmith]

I take your valid point.  I do think Korea wants to be a bigger player in producing the final products built with tungsten, and I see KZ as potentially having some intermediary role in that regard.  Their main focus earlier was getting a slice of the mining pie and in return giving a significant portion of the construction financing, hence the earlier speculation of them being

[mercurysmith]

Fin I think many of us are thinking the same thing in this regard.  My impression is Brian's first approach is to work with Korea and see if any off-take, financing, buy-out can directly involve the Korean's--that is the respectful and astute thing to do when working in their country.  However, if the Korean's drag their fee too long in this regard, one would suspect that the

[kyoung28]

mercurysmith, good recall of my name..i am touched..:) Below is my personal opinion and it is personal opinion only. Please make sure that I am a professional trader and below is not buying or selling recommendation.. I've posted awhile ago about Taegutec as a potential investor for Sangdong tungsten. I still believe Taegutec is our best bet for a buy-out / off-take partner for WOF simply

[kyoung28]

oops....made a mistake on the previous post. I said I am a professional trader but I was going to say that I am NOT a professional trader and it is not buying or selling recommendation... It was a typo. Sorry guys...          

[mercurysmith]

Kyoung nice hearing from you again.  Please let us know if you read anything in the Korean newspaper in the community near the mine.  It was a confidence booster when you posted the article regarding how the mayor there was so supportive of Wof and the jobs it was providing.