Seems the NCAC is suing Palgrave Resources (some Adelaide Company) and WOF is the second defendant.
As the second defendant, we're up for $104,880 big ones and the NCAC claims we don't have the coin to pay it. On the back of that, they're saying we're broke and insolvent so the Company must be wound up.
That's my uneducated take on it and I may be completely wrong. Geez I hope I am.
Besides, who the frick is Palgrave Resources and what the hell have they got to do with us?
What I'm hoping is that its just a giant balls up and they really mean tungsten producer Wolf Minerals and not Wolf Petroleum.
WOF Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
