SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : The uncensored truth about WOLV
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  
From: Snafu_Sadie1/29/2012 12:29:58 AM
   of 3
 
Since the recent WOLV assay results exposed the 2011 drilling samples as unmineable, WOLV's stock price has dropped to sub-penny. In order to fund further drilling of what now looks like a property with little or no value, WOLV will either need to dump millions of additional shares onto the market, or they will have to do a reverse split to get the s/p to an area that may encourage funding.

However, WOLV management has shown a marked inability to do much right. They failed to drill what is being called the 'better' sites. They failed to plan for inclement weather. They failed to use their funding to explore the best potential sites. They have shown an incredible inability to communicate with their shareholders.

One has to begin to wonder if the 'worse' sites were drilled with the knowledge that NONE of the sites will come back as valuable. This way, the company can at least dangle a carrot in front of investors that next year will be better.

Will this work? The sub-penny share price indicates likely not.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News