Woulfe Mining Corp WFEMF

World Industrial Production Growth Rate

[StockExpertPro]

The industrial production growth rate of the world as a whole is growing at a rapid pace and will continue to do so for many years. IMC will continue to expand their tool making growth rate and their goal is to become the largest tool making producer in the world. They are currently number two in this area.

https://www.indexmundi.com/map/?v=78

The need and demand for tungsten/molybdenum and other rare earth metals will continue to grow.

[$HAWK]

CANADIAN INSIDER   INK  report this morning shows that Amelia and Brian  sold on public market  7,000,000 shares ea. @.281. buyer not known. Date Sept. 27/12  Report Date  Oct. 01/12   I can not recall how many shares this came from but  10M ea. may have been in the ball park. $HAWK

[$HAWK]

cont'd   9M ea. less 7M  bal. 2M

[Dickles]

What are you talking about? Please provide link. Are you talking about the crossover?  but it wasn't 7m each. GLAH

[$HAWK]

I am reporting from the CANADIAN INSIDER  known as INK  web site showing 2 X 7 M shares disposed on the open market @ .281    canadianinsider.com and TD webbroker  which has a Market and Research section, click on that and has a Insider Report type WOF in opening and scroll down  , this will confirm the 2 X 7 sales and bal 2 M ea. $Hawk

[$HAWK]

cont'  total Share movement in the 3 transactions  Cross Trade  6,637,000                                                    &

[Majormac79]

I had this discussion wtih teh security commission in the past. They said that when viewing Brian and Amelia's shares they are one in the same because they are married. It is just them both filling because of the shared ownership. Last time Brian and Amelia sold a million shares it ended up going to Korea Zinc whom didnt register it for 3 to 4 months after...

[$HAWK]

MajorMac:  I noticed what you are pointing out ie: each buying 10,550,000  Dec. 14/11                                                   

[mercurysmith]

  The loan had not been repaid yet.  This is what I wrote on Sept 27th:    Has Brian repaid his big loan to the company yet? My guess is that this insider cross is Brian  selling to someone like Korea Zinc so that he can finally totally repay that loan before the end of the month for quarterly report reasons.  Also that loan perhaps needed repaid before the bank

[mtlimpact]

All I am saying is that if you look at the news release when the loan was made it clearly states that it must be repaid at the earliest of the shares being sold or JUNE 1 2012. So the loan is late, were is the amendment to allow this, it should show up somewhere and I cannot find it. Just trying to keep everything on the up and up.

[clk_vested]

Well, it would presumably be reported in the Financial Statements for the period ending June 30, which haven't been released yet. However, I would certainly expect to see a note in there when they are, just as interest accrued, etc. was reported in the March statements.

[mercurysmith]

The only thing I saw was the 30 May 2012 MD&A which showed it was not paid by that date and it recorded:   "On December 7, 2011, the Company entered into a loan agreement with a company controlled by two  directors of the Company.  The principal amount of the loan, being $1,140,000, was advanced on  December  14, 2011 with the condition that the borrower may only

[clk_vested]

Quite right. It is entirely possible the loan has not been repaid. That fact (or a statement about it being repaid) would/will appear in the next financial statements (for June). I don't know why/how these little companies get away  with not publishing their quarterly results for months, but thus far Woulfe has been consistent about publishing them regularly, and I expect we will learn

[mercurysmith]

Clk, I agree.  One thing for sure is Brian wouldn't want that loan to go past Sept 30th because it would have then showed up on the third quarter financials.  The positive spin on this is that it is likely the precurser to receiving money from IMC and the bank.  I doubt either would lend a penny to the Jr before that loan was first paid off because the bank is lending to the Jr,

[mercurysmith]

For two reasons I suspect the sell was to Korea Zinc.  First, there is a history of a similar trade in the past between Brian and Korea Zinc.  Second, it is a huge Thanksgiving holiday in Korea (nobody working Monday/Tuesday) thus explaining why the insider purchaser hasn't filed a Sedor report yet.  Just a hunch--I could be wrong.

[ark88]

When this loan was first announced I voiced my disappointment and was immediately denounced by some. I know that this practice is common with juniors and even with largecaps, but I still dislike it immmensely.   Having gotten that off my chest, I agree with most of whats been posted here. First and foremost, is the fact that the shares were sold at a prearranged price with no material impact

[Flow23]

Why should KZ go on with buying shares? They don't run a investment fund so the only interest in Woulfe can be of strategic reasons. Sure, the can still buy out sangdong, but would't they have done it before? Maybe KZ cast an eye on the Lead/Zinc Property of Woulfe, even it's barely developed it would fit to their business better than tungsten/moly.

[mercurysmith]

Flow23, those are great questions.  The quickest speculation is the Yeonwha base medals project (including zinc).  We are hiring someone to build the Sangdong operation (capex) and then someone to operate it (opex).  Could KZ in any way be connected to either of those two?  We were told that some of this has been contracted out now but we have not been told to whom.  A