Wolverine Resources Corp (WOLV)

[Dragynn]

WOLV not getting any respect today, a good day for getting in cheaply as i continue my quest to leverage all the mining acreage in North America, lol!

Okay, settling in for the wait.

GLTA!

[Montanore]

I'm seeing the ask at .029.

Not much buying interest lately. We could see even better opportunities to buy.

[faust357]

ummmm...NITE?

[Mr. Zen]

My TD StrategyDesk has been showing WOLV @ .03 x .051 for two days, but Scottrade Elite shows .03 x .035.

Guess we know which market maker has the shares. ,

[Montanore]

I've been hearing there's a massive short position on the Euro so in the short term it will probably go down for a while. Not to mention the European Union has always been a tenuous situation and a weakened currency that ties them together doesn't help matters. My guess is you'll get a much better deal than a year ago.

The dollar has been going up only because the Euro is going down. That won't last because the debt situation here in America is just as bad if not worse. I've noticed that gold and silver have been drawing a line in the sand of sorts. The PTB probably want much cheaper PMs to bolster the buck. They're not getting their way. And if the IMF wants to dump gold, fine. The Indians, Russians and Chinese seem to be willing buyers.

Give my regards to the Parthenon.

[Dobie Lama]

You certainly make more money taking the long term view! I can't gamble thousands of dollars on pinks that are 80% MOMO and 20% real news. Plus the flipper masses and their minute by minute charts drive me crazy!

I'd rather gamble 100% on companies that have copper/niobium/gold in there somewhere, that they'll dig up and out at some price point in the future. LOL.

[faust357]

Europe is as broke and in debt as the US-like I have been saying,placing assets in hard commodities,especially metals,is my long term strategy.WOLV is a great place to be,especially if you take the long view of things.

[Dobie Lama]

LOL. That's so true. Greek customer service.....that's a joke. I'm used to it though.

Seriously, what is the connection between what is going on with the Euro and the dollar and investing in companies like WOLV, that own resources?

[faust357]

Ever been to Greece? Even when things are up and running,most folks in contact with tourists are on a semi-strike..

[Dobie Lama]

What will happen to the Euro relative to the dollar and gold?

I want to know since I'm gonna be spending lots of Euro for our vacation to Greece.

Ah.....the Greeks.......hopefully they will not be on strike in July.................

[Mr. Zen]

Johnp, The next event is the report from last fall on the property, that may create some volume but I would expect volume to be light until early spring, unless the company adds something unknown it the mix, which could be anything at this point.

[Montanore]

The debt will get to the point where it will be impossible to pay off. I see no way out other than the printing press--devaluing the dollar. Of course, we should not underestimate the PTB since their power emanates from paper. They rig the game and defend their fiat against real money by short selling PMs and miners along with their insider dirty tricks. They want folks focused on buying treasuries (endless auctions now) and staying paper bound. If they buy gold and silver...well. That makes it harder for the elite banks to steal from the folks.

Still, deflationary winds are blowing like a hurricane right now and people and banks are hoarding cash and liquidity. Nobody is lending. I am still expecting an event to break the logjam and I think that will be a currency crisis and devaluation. Dunno when this will happen but it seems to me it's inevitable.

[faust357]

I lost my trust in the US dollar when the national debt broke 10 TRILLION dollars-companies with valuable stuff in the ground like WOLV seem the logical place to park my ever-depreciating dollar.WOLV has copper,an essential metal to almost every industry one can name.IMHO,to be in this one is to be at the right place at the right time...

[Montanore]

Well, it does have something to do with the Chinese/US economic differences in that China is also in a bubble of sorts--and differences with the US could prick that bubble. There's substantial evidence that China has been way overbuilt and if they stop buying/hoarding basic materials, prices could collapse. Especially copper. Bad for WOLV.

Of course, if fiat currencies collapse as they're forced to print to address colossal debt, there could be a flight to PMs and commodities. Good for WOLV.

The bottom line is WOLV has to demonstrate that they do indeed have the rich resources in the ground that many of us here think they do. So the waiting game continues...

[Johnp]

Now that political economics are off the table, any thoughts on when this stock will start trading with any volume?

[faust357]

Sorry to stray off topic. As a point of information,WOLV is in Canada,and has nothing to do with United States export policies,military concerns,or Chinese/US economic differences.It IS in North America,in one of the world's most stable democracies.

[Mr. Zen]

Hey, on topic here, ok, someone checking out this company may not want to read your laundry list.

[alj14]

Doubloon,

You say: "there is some masswive potential here".

And to think I would never have taken you for a wicked bigamist...

alj

[Dobie Lama]

The Aussies cited security concerns too when the Aussie gov put the kabosh on another huge chinese/aussie mining venture in Australia.

I think they have it right, that along with the mining, the Chinese will take every opportunity to spy on us! It's only natural.

FirstGold is trading on the TSX. Wish WOLV was trading on the TSX also!

[Dobie Lama]

That is a good point! What to buy with all the US dollars they've amassed.

A copper deposit and one niobium mine owned by SRSR maybe? If they do, we've hit the mother lode!

[faust357]

Doesn't help much that the Chinese have 2 TRILLION dollars in T-Bills to trot the globe and buy up stuff.

[Dobie Lama]

We have the private sector here that run our national resource policies. The military also are very much involved in stockpiling strategic resources.

For the Chinese, being a dictatorship and all, there really is no need for frivolous debates or campaigning. LOL.

The Chinese can implement their 5 or 10 year strategic plans without much discussion.

[westeffer]

Democracy has it's strength but then, weakness when it comes to strategic planning.......meanwhile US legislative people respond to short term survival (for them).


Canada has so much resources, they don't care.

[faust357]

I agree,they are a dictatorship,but are much more aggressive on an international level than the US.Didn't mean to step on any toes.

[Dobie Lama]

....wish we had the political will to fight for our economy as much as they do..

The Chinese people/economy are run by a communist dictatorship. You can put a lot of lipstick on this pig (the Chinese that is), but it is what it is!

I hope the Chinese stay away from North American resources and that local companies (including VALE) partner up with WOLV.

[Mr. Zen]

It is about 200 miles to the Vale Inco $2.2 billion deep water mill ~ if the ground reports are good enough, we be haulin rock.

[westeffer]

Yes, please understand I am not picking at you or anyone else, but just thinking out loud....the end result will likely not be good.

[faust357]

Yeah,the Chinese have basically stopped exporting natural resources-but they have plenty of virtually free labor to put into finished goods....wish we had the political will to fight for our economy as much as they do..

[westeffer]

It is strange we all get excited about selling off huge resources to a world competitor who in turn is clamping down on sharing their valuable resources.

I own stocks thinking the same thing, but question where this all ends.

[faust357]

Could make alot of copper wire with what we have in the ground-I believe it is ior location so close to a seaport that will really set this on fire. I envision Chinese ore boats,lined up to the horizon.....

[Mr. Zen]

The 30 million float is correct, the others I would have to look up, I think I put it in th i-box, if not I will update it.

Future price projections are impossible, and can get someone into trouble. But I would think that .30 is doable with good results, not sure if it will be this spring that it hits .30 but there is some masswive potential here.

The 360 meter by 460 meter anomaly will be one of the first to be investigated but there are alot of other potential targets and the company will release those as they see fit.

[Montanore]

Are you still predicting .25 by early spring?

Is the A/S 200 Mil, O/S 68.6 Mil/ and the float 30 Mil?

I will check it out myself later...

[Mr. Zen]

Level II Quotebook DL  
  
  
 Time MMID Size  Bid   
 15:49 NITE 50  0.03    
 07:30 LAFC 50  0.02    
 07:30 PATH 50  0.02    
 07:30 DOMS 50  0.01    
    
    
    
    
    
    
   Ask Size    MMID Time  
 ? 0.04 50    NITE 15:49  
   0.08 50    LAFC 07:30  
   0.51 25    DOMS 07:30  
   2.00 5    PATH 07:30  
    
   
 

[Dobie Lama]

Can some one post L2. Thanks.

[Mr. Zen]

now that is not what I ment, and you know it. I am just saying that any press release will not come out before the Olympics is over, because it is a social event in a social country..

they all at the ball park bro!!

[Montanore]

The SP in the .02s is due to the Olympics?

It's funny--when this was .04 everyone thought it was a bargain. Now that the ask is .03, nobody wants it. Perception is a fickle thing...

[jmurfk]

Just got my two buys, 10K at .0265 and 10K at .0264. Keeping the average in the .02s.

[Mr. Zen]

The winter olympics in Britsh Columbia has been the main excuse for vacancies from the office and a general distractions from the jobs at hand everywhere in Vancouver. I am sure that after the games are finished we will see something come out from the company. But hey, if you got tickets you gotta be there, right?

[goldengirl333]

Hi Doubloon...Thank you for sharing with me this and yes, you are right I will balance this out with other producing companies. Do you have any suggestions that I can review and then make my decisions. May God bless you. Goldengirl333 Christina

[GreenTea]

Great stock to add at these prices gg333!

GLTA!

[Mr. Zen]

goldengirl, understand this is a startup exploration play and is not a quick play, you may want to balance your portfolio out with some producing gold mines or near term producers before a startup exploration paly

[goldengirl333]

Hi Texas Ripper and everyone...I plan to buy the wolverine this next week before it goes up in price and would like to ask everyone what is the most favorite thing about this stock as have just recently become aware of the wolverine. Many blessings...goldengirl333 Christina

[Montanore]

We all knew this was a patience play and it's discouraging to see it drop back to this level, but given the volume lately we know few are selling. It would be alarming to see hundreds of thousands of shares dumped.

On the other hand, we're not seeing a lot of buying either. This is still off the radar and they need to post some good results later this year. Something more than just some grab samples, too. If they have what many of us think they might have, well...that will be the catalyst.

Meanwhile, thanks to whoever painted this one today. I got a good chuckle. I have eight of these 'back burner' mining stocks. SEVEN of them got the twiddly little green paint brush at the very last minute.

[Max Power]

these are the days to quietly load the boat here...

[GreenTea]

Nice post, I'm holding long term here.

GLTA!

[jmurfk]

Nice Doubloon

[Mr. Zen]

For anyone that is following the share price of a mineral exploration play, in the middle of winter, before any results have been presented, may be a little frustrated, understandable.

The story line will lead the share price and I think we should see something of an update soon, they are about due.

I will say that a solid foundation has been built here and I think once it all comes out who is connected here then we might begin to see the magnitude.

There is so much to tell in a 9 x 20 mile property, the story is just beginning. Just one area of interest is a 360 meter by 460 meter anomaly. It all has to follow a known progression of events, and I believe that the ground will start to tell the story shortly and that the results will be verifiable for all to see.

[Montanore]

Regardless, the bid is now in the .02s and someone who needs lunch money will hit it.

[Mr. Zen]

And who is there to sell at .02??? This came public Dec 16th/09 so unless some trader took a position and now needs school lunch money I do not think you will see alot of selling down here. The founders shares were issued at .03

[Bruce the Stock Guy]

I'm surprised to see this at .03 and I wouldn't be surprised to see the .02s.<<<Bring it on! The .02's would be a terrific place to average down..