Ripley94
14 Aug 2018
Spike over WLFE… More funding news RNS … e-mail from H.C. 6.41am … RNs Australia 3.34pm ( there time )
Ripley94
10 Aug 2018
Spike over WLFE… XXXXX Topped up again @ 1.7p complete gamble , held since 2012. share price up last two days in Australia which gave me notion to buy . Spread down from last post from 50% to 6 %
Ripley94
30 Jul 2018
Spike over WLFE… XXXXX RNS referred to last Thursday came this Monday morning . They are an Australian company maybe there regulation is better then UK . Debt Deferral to October 2018. Talk of going concern and default mentioned . No deals today on news that can be seen. Spread at open 50% 30% by 8.20 am
Ripley94
26 Jul 2018
Spike over WLFE… XXXXX Big faller today can not see any news placing always a danger on AIM.
Passive Investor
17 May 2018
W Resources on track for first tungsten production at La Parrilla later this year This doesn't look like good news - [link]
Passive Investor
05 May 2018
Apollo Minerals sets out to restart the worldÂ’s highest grade tungsten mine Cause for concern in the longer term?[link]
Passive Investor
30 Apr 2018
Article on investment case [link]
InsanityBeckons
25 Apr 2018
Re: Big problems unreported This is reminding me of Zincox and their 'teething' problems.
Ocean Fox
24 Apr 2018
Big problems unreported Very clearly Wolf have had a big problem with their processing plant involving GRES. Not only is the noise and vibration and environmental problem, but the actual processing plant is not performing as it should. The company has been far too reticent with shareholders. I trust there will be some forward movement from this low point.
Ripley94
09 Mar 2018
Re: Spike over On falling list today shows down 10% to 3.5p but note a 27% spread ... AIM city crocks .
InsanityBeckons
30 Jan 2018
Re: Earth Moving Thanks Iclaude, very informative, and yes, I appreciate ithere are many variables involved.I was invested previously, but moved on to other things and noticed the current share price is rather subdued, so started looking at when profitability (and dividends) was expected but was having difficulty getting even a rough idea. You have helped enormously, much appreciated.I noticed the rising Zinc price and have been considering coming back on board, but have been considering how long before the share price reflects the longer term value.
Iclaude
30 Jan 2018
Re: Earth Moving You might ask - how long is a piece of string? There are so many variables in that calculation that it is virtually impossible to give an exact answer. We currently have a rising price for tungsten of US$315/ton; a £55m debt @15% interest (£8.25m p.a); a further debt of A$27m being sought. Negotiations to change debt into convertible loans notes and shares. Current operations work out to have cost A$32.3m for Q1 with profits at A$15.8m giving a loss for the 1/4 of A$16.5m. The projected requirement for Q2 is A$27m which is A$5m down from the previous quarter. If these figures were sustained for 11 x 1/4's then sustainability should be reached. At this stage we are processing the poorer graded ores, so much more can be expected from future processing of higher grade ores. In addition to this tungsten is traded in US$'s and exchange rates are going to be in our favour. To my view this is a healthy state of affairs with operational costs reducing and profits reducing debt. The next question is how our financial backers would like debt reduced/paid back. In order to keep investors on board, we must ask when will dividends be considered. This investment has a long road to run but with less risk. It is not going to be an overnight wonder-share but is a safe harbour in the stormy weather ahead.
InsanityBeckons
30 Jan 2018
Re: Earth Moving When is the mine expected to turn nett profitable, i.e. start paying back debt from operations?
Tripod99
30 Jan 2018
RNS Seeing that iii can no longer perform this basic task for paying investors! 30 January 2018Wolf Minerals LimitedQuarterly Activities ReportFor the Three Months Ended 31 December 2017Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) provides the following update on progress at its Drakelands open pit mine (Drakelands) at the Company's Hemerdon tungsten and tin project in Devon, southwest England, for the three month period to 31 December 2017 (the Quarter).Highlightsü Tungsten concentrate production and sales up 22% and 36% respectively on the previous quarter.ü Operating turnaround plan activities largely complete and being incorporated into operating practices.ü Tungsten price improves further, currently US$315 per mtu.ü Discussions in progress regarding the required further funding support to reach steady state operating cash flows.Commenting on the Company's recent performance, Wolf's interim Managing Director, Richard Lucas said:"Another strong result for the third consecutive Quarter as the improvements from the operating turnaround plan are being realised, reflected by a further 22% increase in production and 36% increase in sales. The processing plant performance is benefitting from a more stable operating environment, allowing optimisation efforts to start building upon each other. We expect this to continue with further enhancements to our mine plan, the improvements from the gravity fines circuit and the return to 7 days operations.Progress has also been made on a resolution to low frequency noise emissions, with input from a team of global experts on noise and acoustic treatments providing a way forward to a positive outcome for our local communities.The tungsten price has also continued from strength to strength as it again surged above US$300 per mtu both in Europe and China, with tight supply expected to continue supporting prices in 2018.In this encouraging business environment, the Company continues to receive support from key project stakeholders as it heads towards self-sustaining operations, with negotiations in progress on the further funding required to ensure completion of the successful efforts to date."OverviewThere were three lost time injuries during the Quarter (compared to two in the previous quarter). The Company's continuing investment in behavioural based safety is being integrated into the business, with further opportunities for improvement identified and under development.The net cash used in operating activities for the Quarter was A$8.5 million, including A$3.6 million on development, A$16.3 million on production and A$3.9 million on finance costs, with revenue of A$15.8 million. As stated in the quarterly cash flow report (Appendix 5B), also released today, the Company had A$6.6 million cash at the end of the Quarter, with further funding discussions in progress to support revenue, on a forecast gross cash outflow of A$27 million for the coming quarter. Please refer below for further details on funding arrangements.Mining ActivitiesDuring the Quarter, mining activities remained focused upon ore feed blending for the processing plant and the commencement of Stage 3.1 construction of the Mining Waste Facility (MWF).A total of 597,137 bank cubic metres of material was moved during the Quarter, with the ore grade averaging 0.20% WO3 and 0.04% Sn. The improvement in the processing plant performance has provided valuable information for mine planning on the blending strategy for optimal ore feed quality. A stable operating platform will continue to enhance this process, especially as the gravity fines circuit contribution further improves pre-concentrate recovery.In addition, following encouraging test work during the Quarter, the Company has initiated a pre-processing trial on lower quality ore feed to identify potential improvements in processing efficiency and proj
Passive Investor
02 Jan 2018
Tungsten Price Interesting article suggesting the the price of tungsten is likely to stay firm which will be good news for Wolf - [link]
