Woulfe Mining Corp WFEMF

next steps

[Canon123]

If Ned did take the pp then I would expect the following to happen next.

1. Appoint a full time CEO who has a history of success in the mining industry.

2. Grant options at these low prices for officers / directors.

3. Finalize all data required by the bank for financing of the mine and sign off on.

4. I think IMC is just waiting for finalization of bank financing  to officialy sign off on their deal with WOF.

5. Bring mine on production as quickly as possible.

6. Hopefully the future will also hold exploration and financing of the other mineral properties held by WOF.

We are probably getting close to all this happening but I would expect a 2 week window before anything is announced as this makes it look better for issuing $.10 shares and then having the stock immediatley shoot up to $.50+ within days.  Future announcements should start coming the 2nd week of September. This is only my speculation but makes sense to me anyway. Thoughts?

[ark88]

Can't disagree with any of your points. I was pondering couple of items that I thought were interesting and perplexing. First, the PP anounced on Monday states that the purposes of the funds are intended for "general coprorate purposes". From the June 24, 2013 NR; "The Company will need to raise a considerable amount of capital to rectify its current financial position

[Canon123]

This financing to me is just a continuation type financing so the comapny can get to the next level. I am hoping that there is no more financing  required for work to complete the work plan and whatever data is needed for the banks. I would assume that all the financing provided by the bank wil have to go directly into developing the mine itself so corporate funds were needed for

[Flow23]

Ark88, IMO an easy way to bring down share price in order to place cheap shares... "The Company will need to raise a considerable amount of capital to rectify its current financial position, further delineate its mineral resource model and determine a work plan. "