Watch the video to learn about the probability of Woulfe Mining Corp. (WOF) Chart Signal as of Jun 19 2013
This free program will calculate the probabilities of Woulfe Mining Corp. (WOF) stock chart
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Woulfe Mining Corp.(CVE:WOF) (PINK:WFEMF) stock price tanked after the company said they will need to wait for further due diligence before the partial sale of subsidiary and a possibility of two month before sale idle period was added to the initial agreement.
WOF stock price tanked 31.4% after traders digested the news. The interest was huge with a trading volume of 3.2 million it topped the average turnover of 427 thousand around eight times.
Traders got disappointed after the company said they will have a 60 day extension before completing the sale of 25% interest of their Korean subsidiary. The deal is worth $35 million as the subsidiary holds the ownership of Sangdong tungsten-molybdenum mine which is targeted by the current buyers IMC.
The delay came up after IMC received a report from their consultants and will require more time to carry out due diligence.
Both parties are considering the development of Sangdong project under a joint venture, which would be 55% owned by IMC. The sale of interest in subsidiary is just a stepping stone for the cooperation between the businesses.
Watch the video to learn about the probability of Woulfe Mining Corp. (WOF) Chart Signal as of Jun 19 2013
Hotstocked Precision will calculate the probabilities of Woulfe Mining Corp. (WOF)
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| Size: | 656KB |
| Version: | 1.1 |
| Platform: | Win/Mac |
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