Woulfe Mining Corp WFEMF

Woulfe sold their state of the art crusher purchased in 2012

[MarcusAurelius]

Listed Under Reports & Filings on the CSE Website. The company's annual financial report statement claims that the company sold their crusher. How do you operate a producing mine without a crusher? This doesn't look too good folks. Based on the recent annual financial statement. I suspect that the company intends on making a bankruptcy announcement during the December 15th AGM ~ Annual General Meeting. "During the year ended June 30, 2014, the Company sold a crusher purchased during fiscal 2012. The Company sold the crusher for proceeds of $243,228 which resulted in a loss of $376,014."

[Markidesad]

Find it very strange that there is no interest on this board about the possible selling of the crusher as pointed out by Marcus Aurelius. If it was bought in 2012 it couldn't have been outdated.  Maybe boardmembers are more interested in hunting down bashers and pumpers, but I find this news a bit suspect.  How do you feel about it ? Thanks in advance for reasonable responces.

[ahrg]

I presumed the crusher doesn't suit the new design they are currently working on.  But honestly I don't know anything about crushers at all. Even if it does still suit I think it is very reasonable to get 200k back into better use now when it could make a huge difference, or at least avoid more dillution at rock bottom prices and then purchase another next year when a loss of 300k

[5ilverlining808]

As a reasonable response to Markidesad. This crusher is not "state of the art", "outdated" or obsolete, and has been used in nearly all hard rock mining situations since it's conception over 150 years ago. The "JAW" crusher in question was purchased for the Wesson "bulk mining vision", and is able to crush 1 metre diameter hard rock

[Markidesad]

That's the answer of a real mining / crusher  specialist, thanks a lot, Silverlining !!! Glad we'll have new equipment to start with.

[5ilverlining808]

Your humbly welcome Markidesad, I've been watching the board since early 2012, but first post was a few months ago. And to try an quell another issue of the engineer, Sang. -A great Korean / English speaking engineer specialised in the chemical side of mineral processing, -Not an under ground mining man, as a specialist (Very impotant at this stage). -He is the guy that

[lastpick]

5liverling, thanks for the informative post and welcome to the board. We would be interested to hear your back ground and how you gained your expertise.