Woulfe Mining Corp WFEMF

Goodman & Buffett Bidding War on WOF

[StockExpertPro]

I think Ned Goodman & Dundee are about to get into a bidding war over Woulfe Mining with Warren Buffett's IMC/Berkshire Hathaway. This could get very interesting in the next few weeks.

Looks like IMC and Buffett should of closed this deal a long time ago. Now their attracting other billionaires to Woulfe Mining who want a piece of the action and might try to out bid them or sneak into the picture so they can buyout Woulfe Mining.

If Ned Goodman's Dundee does a buyout of WOF they could resell Woulfe Mining and the assets for huge profit to IMC sometime in the future. Ned Goodman and Dundee realize that IMC desperately needs this long term supply of tungsten to expand their tool making factories. IMC has BIG plans to become the largest high grade tungsten tool making company in the world. IMC just recently spent many millions of dollars on a new factory in South Korea.

With Ned Goodman now on Woulfe Mining's board of directors this could completely switch things around on IMC. I think IMC and Buffett have just been duped at their own game.

Great buying opportunity on WOF. Long & Strong!

[bahtbuilder]

Ageed, this mine is strategic for IMC, maybe the market will pick up and on this sometime soon. The share price right now is a gift and the logical market capitalization of this company has the potential to become a 700 or 800 million value once the plant is commissioned.  The mine will need a small amount of cash for development. 

[AAA-1]

well, at least we should get a fair deal now...with more power in our court.  one would hope.

[StockExpertPro]

With Ned Goodman now on Woulfe Mining's board of directors this will completely switch things around on IMC. I think IMC and Buffett have just been beat at their own game. This just goes to show you that being too cheap can come back to haunt you. When someone offers you a great deal you don't sit around for months and wait for someone to take it away from you. This is common sense

[Mark101]

Stockexpertpro ... I think your out to lunch on this one ... in my opinion IMC is NOT the problem here ... I think it's Shinhan Bank that got cold feet ... and I hope Dundee will finance the bank portion and the deal will proceed with IMC as a partner ... I guess we will find out soon enough ... GLTA longs !!!

[StockExpertPro]

 Why on earth would the Shinhan Bank in South Korea get cold feet?. The Muguk gold and silver mine alone would be more then enough assets to put up as collateral. In order for the bank to lend the measly $150 million dollars to Woulfe Mining. Muguk is the largest gold mine in Korea.  They should easily be able to obtain a $150 million dollar loan using the Muguk gold and

[AAA-1]

also, I am not sure they would have to bring Goodman on board if it were the bank

[Majormac79]

If it's Shinhan bank that has the issue then it is because the economics look to tight for the IMC deal to produced enough free cash flow for Woulfe. Woulfe will have to grind out a new JV agreement with IMC where by more profit is retained with Woulfe or IMC will have to provide that loan.

[AAA-1]

think you have got it!    

[ark88]

I've been think something similiar as to what may be happening. If I recall correctly, Brian said that Shinhan bank is unfamiliar with lending to this industry. If this is indeed true, then the bank may be taking a more conservative approach. Given that all other parameters are a given, the only element that they may want changed to minimize their risk profile would be that IMC or Woulfe put

[bahtbuilder]

The Board of directors need to figure out how to sell this thing quick or I could melt. Please just sell it to someone else who is serious about building a plant.