WOF significantly changed the description about itself between the August 14 and August 31 press releases.
August 14 press release:
"About Woulfe Mining Corp.
In partnership with IMC, Woulfe is developing the Sangdong tungsten-molybdenum mine which was historically one of the largest tungsten mines in the world and one of the few long life, high grade tungsten deposits outside of China."
August 31 press release:
"Our flag ship project is the Sangdong tungsten mine in South Korea, historically the world's largest tungsten mine for over 40 years. Sangdong is expected to return to production by Q4 of 2013. Woulfe has entered into strategic agreements with International Metalworking Companies B.V. ('IMC'). ..."
The August 31 press relese uses different language. Strong, clear, definitive language. Woulfe has stated the agreements are in place. This isn't the typicall language used for an MOU or when negotiations are ongoing. Nor is the language consistent with management's description used in prior months or even in mid August. The wording clearly states, atleast to me, that the agreement with IMC has now been finalized.
Techone, normally I would agree with your well thought out rationale about delaying the news. I agree that no company should hold back positive news. In this case, it wouldn't surprise me if the company held back the news for a few reasons ... not the least of which is the fact that management just gave away 10% of the company for almost nothing. You can't give away 10% of a company and then immediately announce a done deal without junior investor revolt.
WOF has made many poorly worded press releases in the past so its possible this is simply an error. Either way, management's messengers are clearly indicating on the bullboard that we won't get any news until the week of September 17.
Good luck to all the longs.