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Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

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Post by ark88 on Jun 22, 2012 9:52am

24th?

falls on a sunday. It's close to 10 at night in south korea. how likely is it that they will issue anything on a sunday.

isn't IMC part owned by an israeli family? could the decision come out of israel instead of s.k.?

will brian issue an update on monday?

Comment by biznotstock on Jun 22, 2012 10:15am
Good questions...   I was wondering if the 60 day delay even mattered...? If IMC goes through with the deal but takes more than 60 days, the sp suffers temporarily but I don't see Woulfe pulling out of the deal because IMC "took too long".  
Comment by Mark101 on Jun 22, 2012 10:18am
I dont know ark, if you look at the Bloomberg article from June 19, Brian sais IMC should have due diligence completed by the end of the month so the June 24 date is not carved in stone ... IMC, 80 percent-controlled by Berkshire Hathaway, signed an agreement with Woulfe to invest $35 million to develop the $115 million mine and the same to build a refinery, Wesson said. It will decide on closing ...more  
Comment by TechOne on Jun 22, 2012 1:40pm
By the end of the month, we have two important catalysts.. First one actually is the $20m being raised through convert.. That better come through..  We need a positive out come therre including work they are supposed to start in July..  As for IMC news, it might be first week of July before we get anything definitive out of Woulfe.. At least that is my expectation..
Comment by AAA-1 on Jun 22, 2012 1:47pm
well, I think the 60 day provision is written in stone.  secondly, not sure why they have to spend money to advertise what is a given.  should know by Monday what is happening, perhaps, a bit sooner.   just my humble thoughts.    
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