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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 > Will Korea Zinc Gain Control of the Tungsten Mine Assets?
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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 Happy4GudInfo on Jun 01, 2014 4:10am
After we nagged them about fifty times and also threatened to pursue them legally they FINALLY came up with a new website.  Naturally it contains NO company presentation and NO fact sheet both of which only will be "completed in due course".   What the Company Overview statement does say is this:   "It is estimated that this work program will cost approximately ...more  
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.