Post by
wealthy123 on Oct 28, 2014 3:04am
Dundee Insider Buying
Dundee bought a further 1.29 million shares in mid October through a private purchase. This does not sound like a company that believes the project will not go ahead or become bankrupt, especially as they have invested signifcantly to date. I do not understand why they are issuing shares in lieu of payment. Does Canadian Governance not have pre-emption rights where exisitng shareholders are offered equitty first? Appreciate if anyone could clarify.
Comment by
chrisp6712 on Oct 28, 2014 9:10am
I agree that more shares will be created, probably 200 to 300 million shares. Woulfe doesn't have enough cash to even pay their staff. Looking for opinions. Who has the strongest hand here? Dundee?, IMC? Could they decide to let Woulfe go bankrupt and buy the rights to the mine(s) from Woulfe for pennies on the dollar? Good luck to all