Share Name Share Symbol Market Type Share ISIN Share Description
Wolf Minerals LSE:WLFE London Ordinary Share AU000000WLF3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -2.63% 4.625p 4.50p 4.75p 4.75p 4.625p 4.75p 49,557 08:22:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 14.6 -44.0 -4.1 - 50.30

Wolf Minerals Share Discussion Threads

Showing 1651 to 1673 of 1675 messages
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Wolf Receives Additional £10 Million Funding Specialty metals producer, Wolf Minerals (ASX: WLF, AIM: WLFE) (Wolf or the Company) is pleased to provide an update on the Company's financing arrangements to support short term working capital as it progresses towards long term self-sustaining operations at the Drakelands open pit mine (Drakelands). Highlights · Existing Bridge Facility increased from £45 million to £55 million. · Operating turnaround plan is delivering improved plant performance. · Tungsten price increases to US$280 per mtu. The Company is pleased to announce that it has reached agreement with Resource Capital Fund VI L.P. (RCF VI) to amend the existing bridge facility in place with RCF VI (as announced on 24 October 2016 and 28 June 2017) (the Bridge Facility) pursuant to which RCF VI has agreed to provide the Company with an additional £10 million. The funds advanced under the Bridge Facility to date have been used to progress the operating turnaround plan, including improved performance in: · the Primary DMS circuit, with all phases now complete. · the refinery, with first phase delivering an increase in throughput and availability. The final phase is scheduled for November. · the gravity fines circuit to improve recoveries and the grade of pre-concentrate presented to the refinery, scheduled for November. · maintenance activities, including implementation of a new system with associated process and work flow improvements. The operating turnaround plan remains on schedule as the Company builds towards commercial production and design performance. In addition to the ongoing improvements in operating performance, the price of tungsten has continued to increase from US$269 in August 2017 to US$280 per mtu in October 2017. The tungsten market remains in tight supply of raw material whilst demand for finished goods is improving, indicating continued price support at these levels. The Company will continue to review its long term capital requirements as the operating turnaround plan progresses and further value adding opportunities and cost reduction initiatives are investigated. Wolf Interim Managing Director, Richard Lucas, commented: "The operating turnaround plan is delivering improved processing plant performance and is also building knowledge and experience across the business. When combined with improving tungsten market conditions, this provides an exciting outlook for 2018. The Company acknowledges RCF VI's continued support, which is testament to their confidence in Drakelands and the future success of Wolf." more.....
G'day Hyper Al, I spoke with Co. rep last Monday, didn't glean much (I did not mention transport, as that was heresay from another source), I was more interested in the Project and Investment by the Major, issues with the equipment, noise debate etc..., the conclusion was for me to visit, again. Being in the South of France for several months, I thought it unlikely. I sold Tuesday. Will watch and may return, sentimental value I have, but old enough to know when to cut, even if temporary. Sleveen has a good point, and it was the financial situation (despite the jump to 6p), which made me think twice. I do note a flurry of RNS's yesterday. Doubt that was influenced by me, probably the Non Execs holding the purse! Fledgling company, new Boss, get the equipment sorted, extract and sell (customers lined up apparently), beat China at their game! If they survive, and extract decent amounts, this will not be 5p, more like £5. Seen you around Sir, so you may know that normally I am a bear (my French home is in Begard/Bear), but I lived and worked in Plympton, Plymouth for some years, so felt the need to support locals, 200 odd jobs at stake. Watching brief for now. Good luck. Dud
Without modifying our opinion, we draw attention to Note 1 in the financial report which highlights that the consolidated entity incurred a net loss after tax of $(74,536,641) during the year ended 30 June 2017 (2016: $(63,094,075)). In addition, the consolidated entity has a working capital deficit of $(72,958,414) as at 30 June 2017 (2016: $(14,020,440)). These conditions, along with other matters as set forth in Note 1, indicate the existence of a material uncertainty that may cast significant doubt about the company and consolidated entity's ability to continue as a going concern and therefore, the company and consolidated entity may be unable to realise its assets and discharge its liabilities in the normal course of business. I still believe this to be a very high risk investment. Beware Net current liabilities £63m. WLFE need refinancing and quickly.
Dudishes Are they not stockpiling the concentrate in large sacks on site? Thought they had pictures showing that. Maybe they are waiting for higher prices.
hyper al
G'day, why the rise to 6p (my last posn 3.25p)? Seems a bit of a disaster to date, no tungsten sales info, nothing? Price of tungsten rising, but what are they extracting? They built a new road etc...but one lorry load of gravel per day, at precisely 1150 does not constitute a major operation? Observations from a fellow investor who lives locally. I was happy to support some 200+ workers in the SW, not sure if the equipment or manpower are up to it. I'm known by the management, as an investor, maybe they would like to comment? Dud
Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. Kestrel Gold (TSX Venture Exchange symbol KGC.V) - Junior gold/copper exploration company - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Relative low market cap – CDN$4.2 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end [...] Please do your own research on the Company before investing. Thank you for your time.
Thanks Skinny. I will try and get that link into the header later today.
Not the best but - TUNGSTEN PRICE
I regret the loss of the Tungsten price chart that used to be in the header, unfortunately it has been put behind a subscription price wall! If anyone has a link to a freely available alternative Tungsten price then please post it up and I will place in the header. In the meantime perhaps 'tradermel' could kindly let us know what the current price is at. Chip
I held some of these a couple of years back, made a small profit. I have been keeping en eye on it. The tungsten price is rising, but is the problem not that there are lots of CLNs and also an explicit statement that they need/intend to do a substantial capital raising? I fear that the rise today could be what you often see, the price being pumped up just in advance of a placing, to allow the insider-trading City spivs to short it from the spike and buy back in the placing?Anyway good luck to all, I am still watching.
Highest riser today currently up 53% and still well under the rader
At last a sustained rise to shadow Tungsten Ore price rapid rise (up $100) this year alone ... have a look on (but you will have to register) Https://
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
When the CLNs are converted that will more than double the shares in issues.
Operational Update Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) ("Wolf" or "the Company"), provides the following update on operations at its Drakelands open pit mine ("Drakelands") at the Company's Hemerdon tungsten and tin project in Devon, southwest England. In the June Quarterly Report released on 28 July 2017, the Company announced the implementation of a detailed operating turnaround plan designed to achieve a sustainable production platform by the December quarter. In recent months, the Company has progressed the operating turnaround plan with a particular focus on: · improving processing plant reliability in the crushing circuit; · improving performance of the refinery to enhance production levels; and · reducing noise emissions from the processing plant including low frequency noise ("LFN"). The improvements are being implemented whilst the Company has voluntarily shutdown the vibrating screens in the processing plant on weekends. Wolf has continued to develop technical solutions with its lead construction contractor, GR Engineering Services Limited ("GRES"), to expedite a comprehensive LFN solution whilst meeting operational requirements during this important period of production improvements. The Company has assessed the costs of ongoing LFN rectifications and has decided to notify GRES of its intention to recover these costs from the £7.5 million Performance Bond under the construction contract. The Company is confident that the Performance Bond will be sufficient to cover the costs of implementing the technical solutions required to deliver a successful LFN outcome. Richard Lucas, Interim Managing Director, said: "We are encouraged by the progress being made on the operating turnaround plan at this early stage, with further improvements planned for the coming months to achieve a sustainable production platform before the end of the year. We are also encouraged by an improving tungsten price which supports the opportunity for Drakelands to be an important part of the global supply chain for such a critical industrial metal. Managing our operations successfully also requires us to maintain strong relationships with our local communities, which includes further reductions in low frequency noise emissions. Therefore, after extended discussions with our lead construction contractor, GRES, we have decided to notify them of our intention to call upon the Performance Bond to ensure an LFN solution is achieved as quickly as possible." ENDS
As stated in the quarterly cash flow report (Appendix 5B), also released today, the Company had A$8 million cash at the end of the Quarter and A$12 million in available loan facilities to support revenue, on a forecast cash outflow of A$34 million for the coming quarter. Beware a placing...
And, let's face it, we are sure going to need a lot of lithium, going forward.
fardels bear
Quarterly Activities Report For the Three Months Ended 30 June 2017 Specialty 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 30 June 2017 (the Quarter). Highlights ü Processing plant operating turnaround plan developed and starting to deliver improvements in production. ü Resource Capital Fund VI L.P. bridge loan additional £10 million extension approved. ü Drakeland's ISO 14001 environment management standard accreditation retained for the third successive year. ü Tungsten price improved by ~5.9% in the Quarter. ü Interim CFO appointed. ü Interim MD and leadership team now based in UK at site. more.....
Has the company ever looked at the Lithium content of the problematic soft ground and byproduct from production. A lot of the Cornish and Devon Granites contain Lithium rich mica. I know some of the waste from kaolin production is considered to have potential. Must be worth a look.
hyper al
GoodGrief Cool programme, particularly because it was all filmed on mobile phones! A first for the BBC.
hyper al
more dilution to come
Interesting programme, thanks for the link.....
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