Tungsten West Plc

-0.25 (-7.14%)
Share Name Share Symbol Market Type Share ISIN Share Description
Tungsten West Plc LSE:TUN London Ordinary Share GB00BP6QM557 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -0.25 -7.14% 3.25 433,439 09:10:38
Bid Price Offer Price High Price Low Price Open Price
3.00 3.50 3.50 3.075 3.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Iron Ores 0.67 -12.99 -18.90 - 5.87
Last Trade Time Trade Type Trade Size Trade Price Currency
16:36:54 O 110,000 3.29 GBX

Tungsten West (TUN) Latest News

Tungsten West (TUN) Discussions and Chat

Tungsten West Forums and Chat

Date Time Title Posts
08/6/202313:32Tungsten West PLC225
21/10/202107:42Tungsten West 1

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Tungsten West (TUN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 15:36:553.29110,0003,619.00O
2023-06-08 15:17:003.30200,0006,590.00O
2023-06-08 14:43:123.301,51650.01O
2023-06-08 13:12:313.3099932.96O
2023-06-08 13:11:193.3087628.90O

Tungsten West (TUN) Top Chat Posts

Top Posts
Posted at 07/6/2023 16:14 by golden prospect

Tungsten West to axe almost half its workforce at Plymouth mine

7th June 2023

Truly a sad story from Wolf Minerals to Tungsten West.
It's unbelievable that TUN have nearly chewed through the 2021 equity fundraise of £39 million

Posted at 19/5/2023 09:30 by millennialinvestor
What a money pit, maybe they should stop worrying about expensive renewable energy plans and start planning on how they are actually going to mine some tungsten. This share is on my watchlist but glad i've not put anything in this dog.
Posted at 03/4/2023 18:38 by zero the hero
Riskyinvestor, do you not think you only have yourself to blame? You jump out of one share, straight into another looking for the golden trade. Time after time buying dogs (TUN is one example, now Tower). There was always the big risk of further dilution here, and so it came to be.
Posted at 03/4/2023 08:54 by andymunchkin
74tom21 Oct '21 - 09:07 - 5 of 192
0 0 0
Always questionable when you can't access the admission document until 8am on the day of listing. You just need to take one look at the history of Wolf Minerals to realise the risk here - the odds of TUN encountering issues of a similar nature has to be at least 50/50, I'll watch from the sidelines too thanks...

Posted at 02/4/2023 12:26 by riskyinvestor
IT is going to be a TUN TUN WEEK
Posted at 30/3/2023 13:36 by punterman
That's my reading Mick but I wish you all the best. You may have to hold for a while as i fear the selling has already started and have seen it before with TUN. Had my fingers burnt at 34p on a day like today
Posted at 07/3/2023 22:56 by golden prospect
Given the uncertainty surrounding the worldwide supply of tungsten, and crucially that China accounts for over 80%, it should be no surprise that the UK/USA will need to address secure supplies. The UK government should be looking to accelerate the prospects for the likes of Tungsten West (TUN), deemed as CRITICAL in the supply chain. Perhaps the UK government should act as a guarantor to any off-take agreements.

In any event, one imagines the investors of 2021, having raised 39 million pounds at 60 pence, are keen to see an investment recovery given a languishing current share price at 11 pence.


Posted at 03/3/2023 09:29 by harrogate
I don't hold here but am interested because I hold HSP who get an annual fee from the mine and have the contract for the works once it starts. Generally the share price tells you everything but would be grateful for any key indicators I should be looking at here to gauge likely start up and timing of production which would be positive for HSP. Is it the Tungsten price, funding, planning approval etc ? All thoughts gratefully received. Thanks
Posted at 24/1/2023 15:53 by rambutan2
Re last week's Updated Feasibility Study. So, where do we stand with regard to the capital needed? No update to accompany the FS:

Capital and Operating Costs

As of 1(st) October 2022, the remaining Project CAPEX, including EPCM fees, is estimated at GBP31.1 million (excluding contingency.) Pre-operating costs (which include spares inventory, staff overheads, G&A and mining services to prepare the site) are estimated at GBP19.4 million.

Other corporate commitments, including environmental bond payments, and opportunistic land purchases are estimated at GBP4.4 million, with a further GBP6 million of deferred consideration for project acquisition included in the forecast cashflow. In total pre-production expenditure is estimated at GBP54.9 million.

The Company forecasts that the first two years of production will involve a ramp-up in throughput to allow for ongoing process improvements in the initial phase of production. This results in forecast throughput production of 2.0 Mtpa (Year 1), 2.7 Mtpa (Year 2) and 3.5 Mtpa (Year 3 onwards). As part of the revised operating strategy and staged ramp-up, the Company will benefit from a delayed waste stripping profile which will result in the Project generating positive operating cashflows in the first year of operation.

The base case has assumed a long-term cost of power supply of GBP0.247/kWh based on 100% grid supply. (This compares to GBP0.115/kWh in the 2021 FS). Scoping studies on renewable energy projects that have been undertaken demonstrate that power prices can be significantly reduced with initial guidance indicating a long-term power cost of GBP0.10 - GBP0.125 kWh for at least 30% of the Project's power needs.


Posted at 31/10/2022 21:44 by rambutan2
Well, even more recent (un)welcome Government announcements have made the trading statement of 3 weeks ago rather outdated:

Mark Thompson, Executive Vice-Chairman, said:

" Recent Government policy announcements have included some welcome news for Tungsten West. The energy cap for businesses provides certainty over power costs for this winter and the reversion to a Corporation Tax rate of 19% is good news for shareholders.

The announced intention to streamline planning requirements for the installation of renewables was of particularly interest as we have an ambition to be a sustainable and ethical UK mine and this assists in the commercial case for building our own solar and wind capacity. Tungsten West is a nationally, even internationally, important mining project given China's dominance in this critical metal and the need for tungsten in the green energy transition: a planning system that supports domestic supply chains is good news for the manufacturing industry in the UK.

We also noted the announcements on investment zones. If Devon were to become one of the new investment zones then alongside the already granted free-port status for Plymouth there is a real opportunity to boost economic growth in the County, with Tungsten West at the forefront.

Mining is an inherently risky and volatile industry in which to invest, so therefore the cancellation of the planned corporation tax rise enhances the investment case in Tungsten West, de-risks the project and should lower our cost of capital. This supports our plan to proceed with creating the 250 direct jobs and an anticipated 1,500 indirect jobs through the supply chain to Hemerdon."


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