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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 > 5 Mil Financing
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Post by whoisyourpapa on Mar 22, 2014 3:58pm

5 Mil Financing

As we know Woulfe needs to raise an addtional 5 Mil for the work program and for general working capital.

What does everyone on this board think if they raised those addtional funds through a Rights Offering?  Do you see it as a good way to go about it.  Would you participate?

whois
Comment by chizzles on Mar 22, 2014 5:55pm
Whois, I defenitely think that it is a great idea. It would be nice for some of us longs to also have a chance to get a good deal ...That being said, I personally wouldn't participate, I already have way too much % of my portfolio in WOF even though I still think that at our current prices, I honestly think that WOF is one of the biggest steals on the market. If only I had more money ...more  
Comment by whoisyourpapa on Mar 22, 2014 8:34pm
We'll chizzles, at least you could sell your rights for a little pocket change. . . whois
Comment by StockExpertPro on Mar 22, 2014 6:21pm
whois, The company just recently raised around $5 million. What the hell is management doing with the funds? This work program should be in progress and completed within 6 months. There should be no need for an additional $5 million if IMC and the bank completes the financing deal. You claimed that you contacted management in one of your posts. Did you find out what the main problem is currently ...more  
Comment by TechOne on Mar 22, 2014 7:44pm
That is a fair way of raising funds even if a lot of small share holders will probably pass.. For me to participate, I want them to lay out the details.. For now, we are still grasping on the fringes even if we can see some positive giimmers.. we are still waiting for a few things mentioned at the AGM..
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