26/11/2015 00:03:25 Cookie Policy Free Membership Login

Wolf Minerals Share Price - WLFE

Share Name Share Symbol Market Type Share ISIN Share Description
Wolf Minerals LSE:WLFE London Ordinary Share AU000000WLF3 ORD NPV (DI)
  Price Change Price Change % Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00 +0.00% 10.50 10.00 11.00 10.50 10.50 10.50 169,136 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) RN NRN
Mining 0.3 -4.6 -0.5 - 84.82

Wolf Minerals News, Charts, Forums & Trades

Wolf Minerals News

Date Time Source Headline
20/11/201507:05ALNCFAlliance News Flash Headline
20/11/201507:01UKREGWolf Minerals Limited Issue of Equity
20/11/201507:01UKREGWolf Minerals Limited Appendix 3Y
20/11/201507:01UKREGWolf Minerals Limited Appendix 3Y
20/11/201507:01UKREGWolf Minerals Limited Appendix 3Y
20/11/201507:01UKREGWolf Minerals Limited Appendix 3Y
20/11/201507:01UKREGWolf Minerals Limited Appendix 3Y
20/11/201507:00UKREGWolf Minerals Limited Appendix 3B
16/11/201509:02UKREGWolf Minerals Limited Results of 2015 Annual General Meeting
10/11/201507:00UKREGWolf Minerals Limited Investor Conference Call
More Wolf Minerals News
Wolf Minerals Takeover Rumours

Wolf Minerals Share Charts

1 Year Wolf Minerals Chart

1 Year Wolf Minerals Chart

1 Month Wolf Minerals Chart

1 Month Wolf Minerals Chart

Intraday Wolf Minerals Chart

Intraday Wolf Minerals Chart

Wolf Minerals Discussions and Chat

Wolf Minerals Forums and Chat

Date Time Title Posts
23/11/201518:21Wolf Minerals - Cornish Tungsten1,455
21/7/201512:11WOLF Minerals, Devon3

Add a New Thread

Wolf Minerals Top Chat Posts

cestnous: It's clearer in the full I.C. article;I don't hold atm. Wolf at the floor There’s no denying that investor sentiment towards mining stocks is at a low ebb. Prices across a range of bulk mining and industrial metal products have been in retreat, along with earnings forecasts. But the general pullback in valuations has exposed some potentially lucrative long-term mining plays, albeit in some rather niche areas. Take Wolf Minerals (WLFE), a dual-listed speciality metals company that’s well down the road towards initiating production at the Hemerdon tungsten and tin (byproduct) mine on the edge of Dartmoor. The miner is led by a team of highly experienced industry professionals, headed by ex-chief executive of Azimuth Resources, Russell Clark. The mine is located close to Plymouth, which might not seem particularly advantageous on the face of it, but many of the risk factors associated with mining operations in more exotic locales don’t apply; certainly in terms of a stable workforce and infrastructure. Proven and probable ore reserves at Hemerdon are given at 35.7m tonnes, but this is based on a small proportion of a much larger resource, perhaps as much as 145m tonnes. The in situ ore body is rated by the British Geological Survey as the world’s fourth largest tungsten deposit. When up-and-running at full tilt, it’s thought that Hemerdon will meet around 3.5 per cent of global tungsten demand, with an estimated production of 4.5m tonnes per year. Construction of an open-pit and processing facilities commenced in March 2014 and Wolf Minerals remains on track to make initial offtake deliver ies of tungsten concentrate to Germany’s Wolfram Bergbau and Hutten and Pennsylvania-based Global Tungsten and Powders as early as next month. But no matter what operational progress a miner might achieve, its prospects are inherently tied to the underlying commodity price. In the case of tungsten – or, more specifically, ammonium paratungstate (APT) – prices have been depressed over recent months as buyers have been destocking, while the slowdown in China’s economic output has spooked investors. Wolf estimates that total costs, including debt repayment, should amount to around $170 per tonne. Although tungsten prices have fallen by about 50 per cent since it started construction at Hemerdon to an average of $243 a tonne over the three months to 30 June, there’s still a decent amount of headroom. It’s also worth noting that Wolf Minerals’ cost-per-tonne estimates were based on a 5.5-day working week – management is now looking at trimming unit costs by pursuing a 24/7 option. There are some indications that prices for APT will find support through the creation of multimillion dollar tungsten concentrate reserves by China Molybdenum and Jiangxi Tungsten – China’s largest concentrate producer. Earlier this year, broker FinnCap said that APT prices could conceivably hit $375 a tonne over the coming year. But perceptions of China’s growth prospects have deteriorated markedly in the subsequent period. The view of Wolf’s management is that APT prices may have now bottomed out; a view shared by Wolf’s customers along the supply chain. A degree of commissioning risk remains, but this will gradually evaporate as processes are optimised. The analysis produced by FinnCap earlier in the year certainly points to an impressive near-term growth profile and negative free cash flows this year are expected to change into apositive A$30m in 2016 and A$103m come 2017. Wolf’s share price has pulled back because of recent APT weakness, but we think this has presented an opportunity for investors who are willing to take along-term bet on resources. Buy. MR
katie priceless: This use to be a nice informative thread until the share price started to fall and then new names started posting who seemed to know each other, then the thread gets filled with childish name calling.
tradermel: If the disconnect between Ore price and Share Price is correct as I think it is (but will put a lower lid on its reachable peak) next week is going to be very interesting. Not entirely sure if the seller has really cleared or whether buys are just pushing the price alone. 1 more week to possible production confirmed with on site testing going exactly as planned.
times104: Number crunch. (mtu = 10kgs)aiui. Cost of operation 170$ per mtu (this is 108$ + cost of finance at 62$) Price of tungsten 200$ per mtu profit 30$ per mtu Potential production 4500 tonnes pa convert to mtu's 450,000 Assumed profit 450,000 x 30$ = 13,500,000$ Convert to £ sterling at 1 us = .64p Sterling value £8,640,000 Number of shares ?840,000,000 Implies 1p per share P/E of 10 therefore share price 10p. I am not an expert so can anyone come up with a different view.??? tia
katie priceless: plaleje Thanks for posting that , when posters say its the low price of Tungsten that the share price is down , you have some saying oh no its a big seller unloading shares its Mr 100,000 again.
katie priceless: The fall seem's to be all down to the Tungsten price , maybe a boost in share price when production starts
katie priceless: News on the plant opening soon and tungstan price about the same,yet the share price as been drifting down
goldpiguk: Hi NickGrant2 I have been building my position in WLFE for the last few weeks adding some more this morning on the dip. There is a lot to like about this project. It is fully funded. Very low political risk. Long life world class tungsten mine. Having looked at comparisons with other tungsten mines, Hemerdon will have one of the lowest operating costs due to its high grade ore. The company has also applied for a 24 hour operating license which should help reduce costs further. (I believe the current 24/7 application is on a trial basis and the company has consulted local residents on the issue.) With no futures market in tungsten, spot price remains a risk. It is possible prices may dip further but the three year outlook suggests a worldwide tungsten shortage. Wolf looks very well placed to take advantage of this. On a technical basis the shares do appear to have found a floor at the 12.5 - 13p mark, but if the share price were to fall due to a weak tungsten price I would look to more than double my current holding. Goldpig
etarip: Judging by the share price reaction to the RNS the market is just not interested in this share at this present time. This may change when it starts shipping ore in the third quarter of this year
keithb1: Now that we are only months away from production perhaps demand for the shares will materialise and we'll see that reflected in the share price. I still need a few more pence on the price to break even and I suspect there are a few like me who wish they hadn't got in so early.

Wolf Minerals Most Recent Trade

Trade Type Trade Size Trade Price Trade Date Trade Time Currency
O 10,000 10.17 25 Nov 2015 15:36:50 GBX

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 151126 00:03