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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 > Within 2 Months:
View:
Post by Sir_Holler on May 17, 2013 11:20am

Within 2 Months:

Dundee's and Ned's Direct and substantial involvement, including significant recent share purchases, and public statements, Mr. Lee's recent joining the company, and IMC's involvement all say get ready! These are real businessmen operating on real timelines as opposed to the mess prior. The timeline in the release below says it all in my opinion. Expect several news releases within the next approximately TWO months!

 

 

2013-04-19 19:20 ET - News Release

 

Mr. Hubert Marleau reports

WOULFE MINING APPOINTS NEW PRESIDENT FOR ITS SOUTH KOREA SUBSIDIARY

Woulfe Mining Corp. has appointed Sang Bum Lee as president of the company's wholly owned South Korean subsidiary, Sangdong Mining Corp.

Mr. Lee has over 30 years of experience in the non-ferrous metals (zinc, lead and precious metals) industry gained in Korea, Australia, Europe and the United States in various technical roles that include project engineering, construction project management, and business and technology improvements, as well as general management.

Since completion of his bachelor of engineering (major: metallurgical engineering) at the Korea University in South Korea, Mr. Lee has enjoyed a successful career spanning 30 years with Korea Zinc Co. Ltd., a South Korean company which supplies approximately 10 per cent of the world's demand of zinc metal products and also one of the largest non-ferrous metals producer in the world. Mr. Lee held various positions ranging from process engineering, plant construction, production management and commercial management to, most recently, managing director and chief executive officer of Sun Metals Corp. Pty. Ltd., a wholly owned Australian subsidiary of Korea Zinc.

Commenting on Mr. Lee's appointment, Hubert Marleau, interim president and chief executive officer of Woulfe Mining, stated: "Mr. Lee has significant relevant experience in the resources industry and has a set of skills that will be highly complementary to the requirements of the Sangdong project. The fact that he is a South Korean national and speaks and writes both Korean and English fluently is an added bonus. The directors of Woulfe Mining Corp. believe that he will have an immediate positive impact at the Sangdong project."

Mr. Marleau went on to state: "Mr. Lee's appointment represents the first of many updates that our stakeholders can expect over the next few months. I have recently returned from a lengthy orientation visit to South Korea and have a succinct understanding of where the company is at, and I am please with the company's progress to date."

Comment by Profit79 on May 17, 2013 11:56am
Wouldnt it be smart for the company to at least release news saying an undisclosed company is currently doing due diligence and working on an appropriate valuation of WOF? Wouldnt a release like this boost the current share price?
Comment by wolfry1 on May 17, 2013 12:11pm
HollerWhere did you get the TWO month timeline?>
Comment by Sir_Holler on May 17, 2013 12:13pm
2013-04-19 19:20 ET - News Release Mr. Hubert Marleau reports WOULFE MINING APPOINTS NEW PRESIDENT FOR ITS SOUTH KOREA SUBSIDIARY Woulfe Mining Corp. has appointed Sang Bum Lee as president of the company's wholly owned South Korean subsidiary, Sangdong Mining Corp. Mr. Lee has over 30 years of experience in the non-ferrous metals (zinc, lead and precious metals) industry gained in ...more  
Comment by Zynfandel on May 17, 2013 12:33pm
I also hope you are rigth! :-)
Comment by Sir_Holler on May 17, 2013 12:40pm
and when has a "few months" equaled 3? Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32580189&l=0&r=0&s=WOF&t=LIST#uaW54Fechc0oYmdX.99 SInce Dundee/Ned took over the show, booted the underperformer out, put Marleau in, announced the extension and increased bridge loan with IMC, increased their own stake in WOF, secured Lee's ...more  
Comment by ark88 on May 17, 2013 4:11pm
Does anyone know if Mr. Lee has been granted options? There's no mention of it in the NR and the position that he was hired for would certainly warrant options. Do we know for certain that he has left Korea Zinc or does he still hold a position there?