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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

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Post by monti80 on Jan 31, 2014 5:34am

IMC

I guess IMC will not give any further money to wof. Wof  has now the millions they need for the work programm. This will take another year. So the most logical action of imc is that they give wof another year to pay back the 10 millions, or imc is taking the 25 percent stake of the company, paying just the rest of the 35 million dollars what was arranged two years ago. I dont think they are driving this stock to death with wanting back the ten millions in february. The best what could happen is the first thing, paying the rest of the 35 million, take the 25 percent interest, closing the deal as arranged two years ago. My opinion. But honestly i dont think that will happen, i do think that imc, in real is not very happy about the actions of dundee, filling the company with their own people. if imc is investing further, they want also more control, but this will not end up in a bidding, this could end up very disgousting for the shareholders by driving this to death. lets see. things does not look that good how it seems in my oöinion. cheers
Comment by Flow23 on Jan 31, 2014 6:59am
Monti, you are saying they have the millions for the work programm, but there are still 5 mil missing, aren't they?
Comment by Pauly10 on Jan 31, 2014 8:17am
Does anyone in this forum actually work for IMC and know anything solid? If not, then we are all speculating.  Every bad comment drives our stock down to the ground just because we are taking a wild guess. Have some faith in the largest tooling manufacturer in the world - IMC(Warren..)
Comment by Segusmundo on Jan 31, 2014 10:45am
Pauly- I agree with your post and by our investments believe we have shown our confidence in IMC, Dundee, Korea Zink and all of our other Woulfe invesment partners but we don't want to be pumpers either.  I think our confidence is constantly guilded by our assessment of what we think are the facts. Woulfe has been less than forthcoming with "the facts" so we, as members of this ...more  
Comment by kilgor on Jan 31, 2014 1:03pm
Sorry monti I don't agree with your assessment..... If $6-$9 million is required to complete all the pre-work for the mine, then why go to the market and only raise $4?  Dundee is more than capable of financing the whole $9 mil as they have shown how commited they are to this stock.  The fact that $4 mil is being raised by the market & supplied by Dundee, implies that most ...more  
Comment by steamerlane on Jan 31, 2014 1:34pm
Thank you for your opinion.I totally agree,I think you hit the nail on the head,so to speak.This is what I have been thinking ever since Brian was let go,of course I was only guessing,but now as everything seems to be unfolding,it appears as I thought,will come true.
Comment by monti80 on Jan 31, 2014 2:11pm
You could be right. I appreciate your input. Makes also sence to me. cheers