Post by
mercurysmith on Dec 16, 2014 3:58pm
Hope Springs Eternal
Hi wolfry1, TechOne, Ark88. It has been a long time since we posted on Woulfe's bullboard over the past three years. I see you are all three still patiently following Woulfe. I don't know whether whoisyourpapa, Raptor7, Majormac79, segusmundo, geologyfella, mtlimpact, kyoung28, professorchaos, jtsmith, or Easybuxxx are still connected with Woulfe. I sold the last of my shares a long time ago at $.13, primarily because no meaningful news was forthcoming such that I found the risk too high to continue holding. One of my sons still owns Woulfe shares, having bought some of them at $.30, so I hope at some time Woulfe rises like the Phoenix.
It seems this past year the best Canadian investment has been keeping one's money in one's pocket--very few Canadian companies have made money in 2014 and most have lost a lot. Just about the only good Canadian investment in 2014 has been stock in the banks given their oligopoly. Now most of us penny stock investors are under water and unwilling to invest more now even though now is the time that there appears to be some real deals out there.
The thing that frustrates most of us regarding Woulfe is that there really is little doubt that the resource is there (the mine being shut down because of China underselling and running off the competition as opposed to the mine running out of tungsten). I get it that a lot of the old mine is under water now and the testing is in relation to entry from a higher location, but I doubt the testing is the biggest problem. I think IMC has been in no rush because they have used Sangdong as leverage for getting their Chinese Tungsten at a good price. Whenever IMC gets serious about wanting the Sangdong Tungsten (as opposed to just wanting the threat of it as leverage), the mine will be reopened. To date they have showed no haste in that regard in spite of expanding their tungsten tool manufacturing facilities in Korea. Perhaps the recent n/r is some evidence of IMC getting more serious about Sangdong tungsten.
I wish all you longs with Woulfe the best. You deserve better. Like I said in the title, Hope Springs Eternal.
Comment by
chizzles on Dec 16, 2014 5:20pm
Nice to hear from you again Mercury. You seem cautiously optimistic about Woulfe...at .045, are you planning on reinvesting? It could be quite a steal.
Comment by
whoisyourpapa on Dec 16, 2014 10:44pm
Hi Merc, nice to hear from you. I'm still here, don't post much but read the boards every day. Whois
Comment by
ark88 on Dec 16, 2014 7:06pm
Hi Mercurysmith, Yes I'm still here but only with 20k. Sold most way back and decided to keep a few just to maintain interest. Happy holidays to you and your family. Best wishes to everyone for a prosperous 2015!