Post by
MrMateria on Nov 10, 2014 9:26am
Sell
I sold a bunch of shares for a decent sized loss because I see the potential of investing the money elsewhere. Time value of money has outpaced my patience for Woulfe. If anything, it is too risky for now to invest in this early. The Canadian junior mining companies are dying and in need of life support. This is not the time to buy or hold. I would wait until the fundamentals change in the sector as a whole, or when Woulfe actually begins drilling. It won't be too late by then, the share price should still be attractive. After most of the risk is eliminated, I'd feel more comfortable paying a premium extra cost for the shares. This is an example of a company dealing with internal AND systematic risks. Not a good situation for a company to be in. I don't think that Woulfe is currently worthless, just too big of a gamble for now. That being said, I have not completely liquidated my holdings, just greatly reduced my position. Like a few of you have mentioned, I was overweight WFEMF and needed to de-risk my portfolio and rebalance. I funneled funds from Woulfe to Alibaba. Must higher present/future value for investing my USD.