Woulfe Mining Corp WFEMF

What has changed?

[mercurysmith]

1.  The asset (Sangdong mine) has not changed.

2.  The big shareholders have not changed (none of them are selling).

3.  The Stratigic agreement with IMC has not changed.

4.  The  letter of understanding with the bank has not changed.

5.  The overall poor performance of the global economy has not changed.

6.  The fact that neither IMC or the Bank have advanced any funds yet has not changed.

7.  Only 2 things have changed:  First, the price of tungsten is a bit down.  Second, people are a bit less certain as to whether the IMC and bank financing will happen soon.  The trading volume with this most recent decline to .31 has been low--it is being driven by retail investors who are increasingly more uncomfortable with this penny stock risk.  None of the big players seem to be concerned.  Plenty of people will be willing to buy at these reduced prices, especially once January 1st comes and the TFSA Canadian limits go up another $5,500 per person.  Really folks, it is unfortunate that the financing wasn't completed before Christmas, but nobody should be surprised that not much will be happening by way of legal work between Christmas and New Years.  Patience is the word.

[Segusmundo]

Nice read, Mercury. I would add a number 8 to your list: "8. Woulfe's lack of control over when this financing gets completed by IMC and the bank has not changed." Understandably, most are frustrated by the lack of news. I am. However, given the company's prior (irresponsible in my view) representation of a NR "before Christmas" that never matured, I'm surprised

[Flow23]

Dundee just bought more shares than all of us together at current price. If they wouldn't be sure about the closing of the deal the wouldn't have done it! There are better ways to risk 10 mil.

[chrisp6712]

Why would anyone assume a stock buyer is smarter than a stock seller? Dundee must see value but the sellers didn't. Neither side knows if they are right until the future unfolds, unless of course one side has insider information. good luck

[TechOne]

There are many many reasons to sell but there is only 1 reason to buy, go long that is.. You expect to make money from your investment.. For the record, as mentioned repeatedly here, holding my full position in WOF.V until it plays out.. Bring on 2013 because 2012 certainly s.u.c.k.e.d for tons of juniors.. Thankfully, WOF.V has behaved much better..

[mercurysmith]

Chrisp, I agree that one should not assume a buyer is smarter than a seller.  However a non-retail, big volume buyer usually is smarter than a retail buyer.  This is not because of insider information, but rather, simply because of their more extensive dd.  If you or I (retail investors) were to invest $10 million in a penny stock company, we would also have the resources to do much

[Majormac79]

I think not only does it have to do with the experitise in the DD department of companies but they also can sit down and talk face to face to Ceo's and related people to get a indepth view of events taking place. Much better then an email here and there from PR agent whom has to choose his words carefully in responses.

[chrisp6712]

Wouldn't conversations about details not available to the public be insider information? The fact is investors, whether they be institutional or individual, sell because they think the price is not going up.   Good luck and Happy New Year.

[mercurysmith]

Chrisp, some of your logic confuses me.  I agree that having that type of detailed conversation with an insider could be insider information. (This type of a conversation dance, trying not to cross the line, happens).  The market recognizes this, thus the requirement to treat someone like Dundee who owns 10% of Woulfe as an insider.  In effect, Dundee is an insider.  It can be

[Majormac79]

Brian has told us retail investors that the DD was to the satisfaction of all parties an that it is just lawyers workong out the final agreement details.  Dundee has confidence because they can an gave say down and discuss this with Brian.  If you lack the confidence sell your shares and wait for the announcement before buyin back if u still feel so inclined

[BombVark]

I am more concerned about what may be changing. I think there is a fear among investors that IMC (Buffet) is going screw us little guys over for its benefit. As someone noted their DD was completed months ago and they have been jerking us around ever since. It would be a major mistake for WOF not to have a plan B and not to be considering implementing it.

[StockExpertPro]

It seems to me that IMC has a lot more to lose if this deal falls through then Woulfe mining does. The WOF CEO Brian Wesson is in a great position to play hard ball in my opinion. Quote: IMC/Taegutec “It’s an investment to double our production to supply our large demand.” IMC is the parent company of Taegutec. They declined to discuss the cost

[chrisp6712]

I have owned dozens of stocks which were heavily bought by institutional investors. Many of these stocks crashed and I along with the 'in the know' investors lost money. I think it is wrong to assume since a large investor comes along the stock price will rise. I am long on this company. I think it is a big gamble that this company succeeds but I also weigh the risk with a chance of a big

[mercurysmith]

I agree that one should not assume that Dundee involvement in any way guarantees the price will go up.  That type of illogical thinking is crazy. The narrow point to be made is that I put little weight on what a handful of small retail sellers are doing.  When the sp goes down with only $2000 worth of shares it is pretty meaningless

[Segusmundo]

Thanks for the good reads Mercury, Chrisp and Majormac. I take guidance from all of the comments. I think there is agreement that no one is suggesting that institutional ownership, in and of itself, is any guarantee of SP success. Nor is it a reasonable wholesale assumption that buyers are necessarily smarter than sellers. However, at least from my perspective, it does stand to reason that

[TechOne]

Great Summary.. Here is wishing every one here a happy, healthy and prosperous 2013..