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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 > Is it possible that IMC will later take full control of AII.
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Post by guerreiro on Jun 04, 2015 3:17am

Is it possible that IMC will later take full control of AII.

I am correct in saying that Almonty is now responsible to pay IMC's, WOF's outstanding loan???.Will IMC take Almonty shares as settlement like Dundee did???.

Could Almonty take a PP through Dundee, therefore taking over Almonty  and putting the mine into production. ( Berkshire Hathaway Warren Buffett would then be the largest producer of Tungsten outside of China).

If this happened Almonty could easily go to $4 / $5.
Comment by kilgor on Jun 04, 2015 8:50am
I don't know where you get your $4- $5 evaluation, but without Almonty, the intrinsic value of Wof shares are $0.30 (give or take).  Adding Almonty's shares in the mix, reduces the share price futher.  Take into account the 10:1 exchange for Wof to Almonty shares, would reduce it even further. So at the end of the day, all you will have to show for your investment effort is ...more  
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