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People, my messages they are not bashing. I was simply pointing out two facts:
- we are in phase 4, then proceed to phase 5
- if successful, pursue JV.
BTW, i've been accumulating wolv cause i like the prospect of this company.
After phase 4 and phase 5 if results are successful, the plan is look for JV. Lifted this from 10q risk factor section.
If the results of the exploration program are successful, we may try to enter into a joint venture agreement with a partner for the further exploration and possible production of the Labrador Claims. Our company would face competition from other junior mineral resource exploration companies who have properties that they deem to be attractive in terms of potential return and investment cost. In addition, if our company entered into a joint venture agreement, our company would likely assign a percentage of our interest in the Labrador Claims to the joint venture partner. If our company is unable to enter into a joint venture agreement with a partner, our company may fail and you may lose your entire investment in this offering.
Phase 4 is not complete... the trenching portion is to commenst only on spring-summer of 2010 IF they are able to raise funds. What is completed as far as PR mentioned was the assessment report and sampling of Phase 4 completed in fall of 2009.
Took this verbatim from the 10Q that was filed for Nov 30, 2009.
Phase four – This phase of our company’s exploration program will consist of prospecting, sampling, excavating and trenching as outlined below at a total estimated cost of approximately $146,000 (Cdn $166,000). The prospecting and sampling program portion of phase four was completed in the fall of 2009. The trenching portion of phase four is estimated at $116,000 Cdn. An assessment report on the fall 2009 program was completed and filed with the Department of Natural Resources of the Province of Newfoundland and Labrador.
As at November 30, 2009, we had a cash balance of $2,048. We will need to raise additional financing to fund phase four of the proposed exploration program to commence in the spring-summer of 2010 and subject to positive results in phase four additional financing for phase five of the proposed exploration program to commence in summer-fall 2010.
Usually just ahead of the ask whacker that shows up right before me. lol
Nobody is selling, and there's a pretty good size spread again at .045 x .059.
Where have I seen THAT action before LoL!
Haha nice work faust lol...shares held tightly here
I personally made the MM's stop that-another Faustian bargain...lol
What happened to the big spread? MMs having fun with this one.
Put an order in for 50k at .059-filled 10k and jumpped the BID to .059 and the ask to .06
be adding more if the PPS moves up also.......glty
Nice hit Bull!
I think that's it M. That 10,000 might be from The Bull's .05 bid.
Those yours Bull?
GLTA !!
Man, just buy in at the ask. It's only .009 difference, lol.
Cool aliangel! hope you get a good one and kick their a$$!
GLTA !!
You are correct no one is selling but the person who keeps lower the bid and he is getting no takers yet.
lol I am watching him to get stupid then I am whacking him first I hope. lmao.
Anybody else showing volume for today?
Pink Sheets quote shows zero volume.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=wolv#getQuote
GLTA !!
TDA .045 x .059 now. Wonder why the discrepancy?
TD Ameritrade doesn't offer L2 for pinks so it's hard to see the big picture, but it does affect folks that want to buy on the bid.
Interesting anyhow.
Great time for those with dry powder!
GLTA !!
I still see ETMM on the bid at .05 with ask at .06
EF and ST showing .05/.06
My TDA still showing .045 on the bid, and ask dropped to .06.
Is that what you are getting too?
GLTA !!
Nice to see that. It's been NITE/LAFC on bid and ask constantly.
ETMM is on the bid at .05
Has happened in the past, and will happen in the future...no worries, just hang on for the ride!
at these levels and volume MM's control it all..Once buying pressure increases it's more difficult for them to manipulate the stock..
I don't know what to make of it guys. TDA still shows it at .045 x .061 but one way or another it ain't going anywhere without volume.
I always wonder if the MM's sit on orders to give the allusion of no volume so they can screw around with it.
I hate to blame them for everything, but nothing would surprise me with that cess pool of ethics.
GLTA !!
alpha trade isn't showing the .05 bid. who is on the bid @ .05
thanks
Just looking for that catalyst that I expect will come this week...
I still show .05 x .061...wonder what else isn't showing
I'm showing .05 / .061, with no change since 0931.
I can't blame them for probably getting 50-200%. Now we wait for the bigger run. <<<<Prolly Cork..<muttering..He always gets in before me>
.045 x .061 right jmurfk, now we just need some serious volume to push it.
GLTA !!
I think many of the 2 range buyers have left. I can't blame them for probably getting 50-200%. Now we wait for the bigger run.
No one selling this baby...a ton of tension here...waiting for that last spark!
Equity still showing bid at .05
05 x .061...shares are extremely tight <<<They just lowered to .045..Thats because some hardhead wants to bidsit down there..Come on and move it up!
Haha yeaaa bruce....05 x .061...shares are extremely tight
Bid moving up this morning
let's see that .06 break <<<Ok Men..You heard pennyexpert..Lets get moving..Snap to it..It aint going to break .06 by itself!
Morning all...let's see that .06 break
Good morning all and by the l2 so far some are pulling the sels here now. We will see close to the open. There are a bunch out of the market from the long weekend and lets see them buy some this way this morning.
She could run pretty hard alright.
I wouldn't mind changing my zip code, that's for sure.
Sunny, warm, and dry sounds real good right about now! GL B.
GLTA !!
Triple post...could someone remove 2 of those 3?
Looking for a huge update after that 10-q on Friday...
Is it tomorrow yet? lol Looking for a huge update after that 10-q on Friday...
I agree Doubloon. Look for the MACD to break out and you run hard IMO.
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