Woulfe Mining Corp WFEMF

$35million from IMC

[Majormac79]

Anyone else think the company is miss guiding investors by not saying in their news release that they had recieved this money?? DD is satisfied. How about and the funds have been forwarded!

The video posted only tells us with a quick 5second mention of woulfe near the end of the broadcast...

https://www.b-tv.com/WeeklyMarketMinute.html?id=175

Woulfe mentioned at the 3:12 Time Stamp

Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31599081&l=0&r=0&s=wof&t=LIST#WMfS2gHVK1FpYzLz.99

[mercurysmith]

IMC was never mentioned in that b-tv statement.  It just referred to "34.2M in financing".  It may be referencing some interim debt financing as opposed to IMC equity financing.  We just don't know.  The amount of 34.2M is so unique that I suspect it was for a particular purchase such as advance equipment/supplies, the land, etc.  

[professorchaos]

If I'm not mistaken, the 35M from IMC is in USD. Since b-tv is Canadian, the 34.2M ought to be in CAD (unless otherwise stated). Given that the exchange rate currently sits just above parity, I'd wager that this is the 35M from IMC. I guess we'll have to wait and see, although it's very promising news!

[mercurysmith]

Professor, you make a good point regarding the exchange rate being factored in to the $35M = 34.2M.  If the $35M has now been advanced, it is surprising there was no news this morning, because that would be huge news.

[mercurysmith]

I have been confused for some time as to whether the next IMC payment would be $30M or $35M.  The confusion is the $5M loan given by IMC in March.  I thought that $5M loan might be converted into equity as part of the $35M total, but it was never 100% clear.   The market didn't open in any resounding way consistent with IMC having advanced $35M.  I really am confused  

[professorchaos]

My thinking is that management most likely wants for us (strong longs) to know what is going on, without tipping off all the day traders. This is a reasonable approach if they are planning major repurchases, which I truly hope they are. (At current prices, the amount of extra cash they are receiving from shinhan (168B KRW vs 120B KRW) is enough to repurchase nearly half of the company.

[Dickles]

I wouldn't call it misguiding. They probably haven't physically received the money yet? Maybe all the paperwork still needs to be signed? This is why we need to spend a little cash on PR/IR/Marketing. GLAH