Woulfe Mining Corp WFEMF

Regulatory Question

[Adrammelech]

Mercury mentioned the fact that the loan/ deal completion deadline is soon. I am just curious if it is a regulatory rule to let the people know the results of this? If so, a NR should be soon.

From the general feel of things here is my latest conspiracy theory that might be logical. If IMC bowed out of the initial financing and just agreed to buy the finish product, could Goodman come in instead of the Bank and provide a better overall business model for a TSX promotion and then serious change of level? (All about the operating management in the next stage of growth for Woulfe)

GLTA Longs (Even SEP if he posted 5 times instead of 25 per day)

Adrammelech

[mercurysmith]

Adrammelech, Neg Goodman's involvement does make it possible for alternate financing if the bank backs out.  I don't think IMC is backing out.  IMC has good reason for wanting more security than just an offtake agreement.  IMC still wants partial ownership of the mine so as to be able to have more control over production and  to remain secretive regarding their

[Segusmundo]

Mercury and Adrammetech:  I think you really may have assembled the mystery puzzle pieces in your posts: Woulfe gets financing, perhaps Dundee gets ownership interest, and IMC gets guaranteed offtake and gives up partial ownership. But, is IMC's change of heart on partial ownership of Sandong, due to a requirement that it guarantee Woulfe's bank financing? Is a loan guarantee Dundee

[Profit79]

If the 5m loan hasnt been ponied up, doesnt that say something about the IMC deal and Wof? I mean, put it into perspective... 5m is a small price to pay to secure a long term very valuable asset isnt it? I think were all looking in the wrong direction, the way this is unfolding is looking more and more like some nationalistic thing. I hate to say that, and I dont necessarily think thats a bad

[kilgor]

The key for all businesses is controlling costs. IMC will only be able to understand and have a say in their costs is if they have a stake in WOF. In my opinion, IMC will keep their stake in WOF and if Brain is able to build WOF into a solid business with a proven track record, and prove up the resource base, i.e. increasing WOF's  value, it then becomes a takeout target for

[ark88]

There're just too many unknowns surrounding the IMC/DShinhan deal at this moment that makes all points being made about it pure speculation.   However, I am certain of 2 things at this very moment. 1. If the $5 mil. loan was due on Feb 25th and was not paid, then WOF must issue a NR stating that they are in default. Notwithdstanding any terms and conditions of the loan agreement regarding

[mercurysmith]

Profit, nobody is suggesting that Goodman will repay the $5M loan--it is the debenture funds that would make that payment.  That said, I get it that Dundee is the likely party to have purchased the debentures. Ark, I agree that once all the debentures are filled, Woulfe is legally bound to give that n/r.  However, there are ways around this--if all but one of the debentures is filled

[kilgor]

From a shareholders' perspective, we want to know the status of the loan as it will be an indicator for IMC's intentions. But from a business perspective, if IMC has allocated resources to the finalizing the deal in which the loan will tie into, why would IMC divert resources: time, effort and money, to extend the loan agreement for only a short period of time.  Most likely, IMC 

[ark88]

The one 'negative' in my rationale is that one of the reasons given in the Debenture news annoucement is that monies raised thru this offering will be used to pay back short term debt. This debt I assume IS the loan from IMC. So, is it just wording or are they really going to pay back the loan?

[Profit79]

Ok so my understanding of this is that they should have announced either way wether the loan was repayed or not. Anyone bring this to Nicks attention>? Last time i emailed Nick i got some song and dance and analogies. Either it was repayed or it wasnt, and the deadline has passed so that should be a pretty clear indication as to where this is headed. I think WOF should release something to let

[ark88]

At this point, everything is about that $5 mil. loan. More precisely, what has happened or what hasn't happened?

[mercurysmith]

Art and Profit, your recent points are exactly what I am saying.  Feb 25th has come and gone and either the loan was extended or paid out.  There is no way it went into default the whole purpose of the debenture was to take that leverage tool away from IMC.  Without the debenture funds, IMC could have said, "we will only extend the loan if you make further concessions"

[Profit79]

ive taken some initiative and emailed Nick on my own..lets see what he says!!

[Majormac79]

If you feel the company isnt reporting to us investors appropriately send an email to the security commission and they will take care of it and we wont have to sit her arguing what might or might not be happening

[mercurysmith]

Majormac, I don't think anyone is saying anything inappropriate has happened with regards to disclosure or non-disclosure.  At least I am not saying that.  We are simply looking forward to the news that will soon be forthcoming. 

[Profit79]

I can speak for myself, and I think otheres may share the same thought as to whats going on? As investors of a company we should be kept in the loop. There is nothing unreasonable with that expectation, and further its not unreasonable to ask the company to update its shareholders accordingly with regards to time frames that Woulfe has put forward.

[Zynfandel]

I understand your frustrations, however you must keep in mind that Wof is near the end of a marathon of negociations (that will, by the way, redefine the company) and that they cannot communicate directly most of what's going on because they either a) don't know yet or b) it's pending the negociations!

[mercurysmith]

Zynfandel, I totally agree with you. Of course Woulfe must keep shareholders in the loop with material changes, but they should not keep us in the loop with negotiations about potential material changes.  Such negotiations should not be done publicly, just the final outcome of those negotiations.