Post by
GaiusOctavius on Apr 26, 2014 8:01pm
List WOF on NYSE or AMEX stock exchange after production
I noticed that TC - Thompson Creek Metals has negative earnings for 2014 yet the the company has a $500 million market cap and a stock price of $2.89 per share. All because they're listed on the NYSE stock exchange and have more exposure to big mutual funds and institutional investors. I see absolutely no reason why WOF would not hit $3+ per share if the company is listed on the NYSE or AMEX after tungsten production begins on the mine. WOF will have cheaper costs from being located in South Korea and a very long mine life span. If Dundee wants to cash in on there 100+ million shares of WOF stock then this must be done. Actually I think this is what they're planning to do once Woulfe begins production. Dundee's stock price isn't performing so hot lately so they are in need of a big score with WOF.
Comment by
kilgor on Apr 27, 2014 4:28pm
I don't think Dundee wants to cash in. I think they are in it for the long haul.