Post by
GaiusOctavius on May 31, 2014 6:51pm
Will Korea Zinc Gain Control of the Tungsten Mine Assets?
Unfortunately for the common shareholders of Woulfe Mining. Ned Goodman and Dundee Corporation were trying to play games recently with a highly toxic preferred shares issuance that would have diluted the common shares. Luckily it was rejected because there are other major shareholders in Woulfe Mining like Korea Zinc and Colonial First State. If the preferred shares issuance happens in the future just sell immediately. Sometimes you will get lucky and get out before the crowd figures it out. After a toxic preferred issuance there typically will be nothing left for the common shareholders. Based on all the information I've read. The South Korea government and court system would favor Korea Zinc over Dundee Corporation if Woulfe Mining fails. The South Korea government and locals are fed up with the delays more than the Woulfe shareholders. It's time to stop playing games and get this show on the road ASAP.
Comment by
canon12345 on Jun 01, 2014 9:42am
The work program started last year and will be completed soon after the assay results are finalized in august if they are favorable. The balance of the funding will most likely come from the exercise of the warrants held by dundee again if the assay results are favorable.