Woulfe Mining Corp WFEMF

imc, sinhan, woulfe.....

[geologyfella]

Well, for the amount of cash I've got riding on this trio... if it were to collapse, my wife says I'll be in the dog house for all 2013... lol...On the other hand, after speaking to a family friend with Hyundai Investments, basically put to me, Sinhan will not let our people down.... uh meaning South Korea, not his office staff.Ya, I know, take with a grain of salt....GLTA LONGS>

[ark88]

Most retail investors grossly underestimate the downside risk to their investment. With WOF, I think it's important to consider that we have in essense double protection, at least for the short to medium term, in having 2 deals, one with IMC and the other with Sinhan. I know that many here have differing opinions on the relationship between the 2 deals, whether one or the other is a

[wolfry1]

Geo...if this collapses even my dog won't speak to me....... I could however convert my useless shares into a gigantic roll of "bum-wipe" enough to last a century or so ..!!!!!    Hope the ink does not come off ..easily !!    ;-)

[Dickles]

I agree but I think the IMC deal is good for the short run to drive up SP but I think long term we would be better off without them and just use the bank financing. I'm pretty sure IMC won't be buying product at market and even though we have a guaranteed buyer I believe our profit margins will be a little limited. I could be wrong and we could have a sweet deal all around. At this point I

[ark88]

Some interesting history that I wasn't aware of. Korean Tungsten Co, which was bought by IMC and renamed TaeguTec, was established in 1916 when tungsten was discovered at the Sangdong Mine. Korean Tungsten Co. in fact owned Sangdong Mine. It's all coming full circle now.

[professorchaos]

What's more, POSCO was formed as a JV between the government and Korean Tungsten Co. It has since been privatized. Berkshire Hathaway (which also owns Taegutec through IMC, as I'm sure we're all tired of hearing about) now holds 5.1% of POSCO (as of 2011's letter to shareholders), which they've held for several years.

[AAA-1]

are you guys joking?   collapse?   IMC/Sinhan?  just speculation

[geologyfella]

AAA chill out... just having some fun on the board is all... better than watching paint dry is all.... you know what i believe thru our messages together.....Just relaying to the board a joke about my bean counting wife, glad she is a bean counter..... uh, most of the time.lolAs for the trio, now is just a time of wait 'n see....Cheers mate>

[AAA-1]

this is what I thought. rough weekend in PA!