Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.

GREY:WFEMF - Post Discussion

Woulfe Mining Corp > Thasis answer, and latest news from Korea...
View:
Post by geologyfella on Feb 19, 2013 7:57pm

Thasis answer, and latest news from Korea...

Well Thasis, to make it short:

The truth.  Followed by an action plan.  Followed by communicating the action plan to the locals and keeping them in the loop as best as possible.

 

I really don't like seeing/relaying this kind of news considering my level of investment with this company, but

here it goes...

Here's a link to how the locals look at the situation:

https://www.kado.net/news/articleView.html?idxno=611789

There's been a deadline, I suppose, given by the 28th of this month whereby things need to get better, or things

are going to get a whole lot worse for Sangdong Mining.  The situation, as viewed by locals seems to be

crumbling.  A plan on how the mine will be financed  must be communicated otherwise the local officials are prepared to make things very difficult for WOF.

Thus far, WOF had been pretty much given 'red carpet treatment'.... because the locals have been

promised a mine from  that August, 2012 meeting.  Perhaps too much was said in the excitement of

the times, at that meeting... or perhaps there was miscommunication.  Don't know.

But given the history of the area, what the community went through with the mine and the mine closure

back in the 1990s... WOF must pull up their socks or be 'socked'...  JMHO.

I remain 'long' but I have my eyes and ears firmly pointed at the Sangdong area right now and for the

time being.

 

Cheers?

I remain hopeful.

Comment by thasis on Feb 19, 2013 9:02pm
Thanks again Geo.... couple of questions if you would? Is your interpretation of this situation a result of Tiger over promising and not actively communicating to the local community or.... is it a result of not having this financing nailed down yet which therefore falls on Brian's shoulders. PS. Feel the same as you with respect to potential negative news but it is important we know the real ...more  
Comment by geologyfella on Feb 19, 2013 9:11pm
Thasis... jmho...both.... and perhaps an ounce of secrecy as well all culminating into what we have today.there was suppose to be a presentation by wof on the 18th but was cancelled due to quarrels amongst community leaders etc. that presentation has been delayed to later and i look forward to hear about that.... as do all of us i imagine... Wof must provide certain info regarding a plan and ...more  
Comment by thasis on Feb 19, 2013 9:17pm
GF, I am not up to speed on Korean Law . Can permitting and license's be that easily revoked at township level?
Comment by geologyfella on Feb 19, 2013 10:58pm
I'm not a lawyer... but to your question, the answer is no, not that easily at the county level. However, let me give you this to think about which is why I wish WOF pulls up their socks sooner than later. Imagine you want to do a major project like running an oil pipeline across native territory in BC, Canada (for example) ... and for whatever reasons the native Canadians are not on side ...more  
Comment by TechOne on Feb 20, 2013 1:30am
Thanks for the update.. Appreciate it..