It has been nearly 2 weeks since I last posted. I then said the big fish will not be feasting on Woulfe until the $35M from IMC is advanced (because that is the key to the next big de-risking of this penny stock). I pointed out that if the s/p goes up or down a couple of cents, it was no big deal to long term investors--it only represented the little fish short term traders who were not making decision based on company fundamentals, but rather, on playing the general economy and the ups and downs of the market as a whole.
All of those comments are as true today as they were two weeks ago. Chrisp6712, I agree that the photos, for the most part, do not show much proof of any change of company fundamentals. Almost all of them were taken on the opening day, with tables still near the heavy equipment, and grass on the mountainside consistent with no overburden yet being removed. Note the big electrical power lines in the upper left of most of the photos, which helps to orient the photos.
The one exception is photo #1. It was obviously taken a few days later, showing the initial overburden having been removed, and the opening mouth to the decline constructed. Remember, the initial blast was Oct 8th, so that photo #1 looks to represent a weeks worth of work. The value of that photo is not the weeks worth of work, but rather, the fact that Woulfe is moving ahead with the 60 days of work to build the decline into the mine even before receiving the $35M from IMC. I find that to be the most significant fact in the past two weeks. It helps me to have a reasonable belief that Woulfe has every confidence that the IMC money is a virtual certainty in the near future. That helps me know it is that much closer to being more de-risked. I am convinced Woulfe would not have started that capital expense unless the IMC funding is to follow soon, given Woulfe is not that loaded with cash. So in short, I say thank you to the people at Woulfe for providing that photo #1.
Good luck to all you longs. Ignore the day to day ups and downs which have no significant volume. When the big fish come feasting with the IMC $35M news, the volume will be in the millions each day for a few days, not this peanut volume which is able to change s/p a penny or two with no change to company fundamentals.