Woulfe Mining Corp WFEMF

Bank dd

[Majormac79]

Im pretty sure the Korean banks dropped their interest rates last month so the delay in fiancing has been a net benefit for woulfe in that matter. Dont forget IMC has the right to meet or beat any loan offer made by the bank

[CJHallee]

Anyone notice that the previous MOU with Shinhan Bank was $104M and now they are stating $150M.  With the $70M from IMC that brings total financing to $220M.  Doubling of the production perhaps???  Thoughts anyone?

[Mark101]

The next drilling results should answer that question ... or maybe we're borrowing a little extra to start drilling Muguk ASAP ........? Or maybe we need extra $$$ for a JV regarding our MOLY reserve ... all speculations of course but that is the future plan ...

[Profit79]

the increase in borrowing could be explained a couple ways: Borrow more in a hope that down the road you dont need the extra funds, diminish the possibility of share dilution by trying to raise capital that way, use the extra cash to develop muguk, extra money for better faster mining equipment... At the end of the day if IMC is on board, one has to assume they are going to want to get the stuff

[Giftedone]

All I know is that if this company manages to pull off 220 M in financing the market cap of this company is going has go to at least triple that number.    I was in a different Jr Miner that got 50 Million in financing and the market cap went to near 300 million in short order. A 600 Million dollar market cap is least 6 times the current share price. I certainly do not blame folks

[loki69]

Actually just read on Bloomberg that in late October the Korean banks will drop lending rates another .25 basis points. Another positive step for Woulfe!

[StockExpertPro]

South Korean banks' lending rates dropped in August to 5.22 percenthttps://www.globaltimes.cn/NEWS/tabid/99/ID/735492/SKorean-banks-lending-rates-drop-to-522-in-August.aspx

[Majormac79]

Until woulfe signs the loan contract im sure the MOU with BOK is still able to adjust to any lower rates ;o)