Wolf Minerals Share Discussion Threads

[galeforce1] 06/2/2017 09:17

P & D

What kind of price for Tungsten does Wolfe need to make money?

[pumped and dumped] 06/2/2017 09:00

5p bid - 6p ask.

[pumped and dumped] 06/2/2017 08:45

Ticking up nicely :-

5p bid - 5.25p ask with 5.25p full ask being paid now!

Expect another tick up on both the bid and ask very shortly as the Bulls keep accumulating.

Remember there's only a 20% free float.

Strong buy.

[pumped and dumped] 06/2/2017 00:17

GF1,

When the price of tungsten is higher and that's when Wlfe will get bought out.

I expect the share price to carry on rising next week.

[galeforce1] 05/2/2017 23:55

P and d

I agree that the charts suggest this might turn upwards.

But looking at the acccounts at 31/12 the company is still losing a lot of money.

A negative cash flow of about AUD 24m in the quarter if I'm reading it correctly.

When do you expect this to turn positive?

[pumped and dumped] 03/2/2017 14:15

This has bottomed and there's no shares available to buy on the book.

The market makers are on the back foot as the buys come flooding back in.

Now is the time to take a position here because the charts have turned bullish.

WLFE is totally oversold and unloved but as the price keeps on rising it will attract more BULLS and sentiment will come back here.

BUY.

[phillis] 31/1/2017 11:21

Looks like they are going to run out of money again

[hyper al] 24/11/2016 07:30

Some positive news today.

[doron] 27/10/2016 12:29

Some one confident 1m buy at £49k

[dudishes] 20/10/2016 04:39

times104, My take, yes. Currently advertising two posns, but that means nothing.

Hope they survive. I've taken a pos punt, gamble.

cheers

[times104] 19/10/2016 15:50

d..d are you saying there is a 50% chance that the mine is to be closed? (iyho)

[cautoussid] 30/9/2016 15:14

lm245 sen your post on wres share board on wlfe ,thats your view

[skinny] 30/9/2016 08:46

Specialty metals producer, Wolf Minerals Limited (ASX: WLF, AIM: WLFE) (Wolf or the Company) provides the following update on the Company's funding arrangements to support the ramp up towards commercial production and design performance at the Drakelands open pit mine (Drakelands).

On 29 July 2016 as part of the Quarterly Activities Report, the Company announced that it is in breach of a loan covenant under the senior debt finance facilities, comprising a £70 million term loan facility and a £5 million bond facility, provided by a consortium of global mining financiers (the Lenders). The covenant relates to a minimum forward cash flow forecast requirement, which the Company is unable to meet without further support.

Subsequently, the Company has been in discussions with the Lenders and Resource Capital Fund VI L.P. in relation to the forecast cash flows and the Company's financial position. The discussions have been positive and have advanced to a negotiated draft non-binding term sheet for a funding solution involving a standstill and restructure of the senior debt facilities and additional funding support for working capital requirements. All parties are targeting completion of final binding agreements on or before 17 October.

After discussion with the Company's auditors (PKF Mack), the Wolf Board of Directors (the Board) believes that further progress is required to finalise the audit opinion on the financial statements for the year ended 30 June 2016.

Consequently, the Board has decided to defer the release of the Company's Annual Report and audited financial statements for the year ended 30 June 2016 until the funding solution is finalised. As the Annual Report was due for release on 30 September 2016 pursuant to ASX Listing Rules, the Company has requested a voluntary suspension from the ASX until such time as the Annual Report is completed.

Trading in the Company's Ordinary Shares on AIM will continue during this period.

[taxiparrots] 29/9/2016 16:23

It might pay you to read the detailed report that Peakview posted on London South East (LSE) after his recent visit. Might be worth you hanging on to those shares....unless of course you're strapped.

[dudishes] 27/9/2016 17:29

Didn't make the visit, wife was ill. Not pursued management as I believe "waste of space".

Quite prepared to sell at a loss, but will stitch them when demanding accounts, if necessary.

[times104] 30/7/2016 11:57

Total Issued Capital as at 30 June 2016 1,082,887,708

Resource Capital Fund V LP 337,669,237 31.18%
Resource Capital Fund VI LP 197,708,366 18.26%
RCF V Annex Fund LP 74,326,454 6.86%
RCF Management Pty Ltd 159,657 0.01%

Total RCF & Affiliates 609,863,714 56.32%

TTI (NZ) Limited 260,677,375 24.07
Traxys Projects LP 55,506,776 5.13

TOTAL 926,047,865 85.52%

taken from website... therefore free float <15%

[taxiparrots] 30/7/2016 08:54

I don't know where you get your five major shareholders from ? I believe there are just two major shareholders. RCF who hold around 53% and The Todd Corporation who hold around 30%. It leaves just 20% which could come to the market. I really don't think you will see RCF or Todd putting shares on the market any time soon for obvious reasons. A demand for Wolf shares will see rapid increase in the price simply due to shortage. Basic economics....supply and demand. .....

[callmebwana] 29/7/2016 15:50

If they don't sell. Yes but I feel they will sell.If there is demand for the shares and the MMs don't have any,I think would be good for the shareprice.ATB.

[molybdenum] 29/7/2016 14:52

More than a billion shares, yes. But see the owners. MMs will be short of shares if the five major owners aren't selling, will they not?

[callmebwana] 29/7/2016 14:12

We now have over i Billion shares. I don't think the MMs will be short of shares.

[molybdenum] 29/7/2016 09:58

Seems to be more a moderately chunky set of buys three days ago (same buyer in lots?) followed by an almost unbroken stream of tiny buys since. MM shortage of stock? Just five main shareholders seem to own nearly all of it (Morningstar data - adds up to 110% LOL).

[mr.oz] 29/7/2016 08:37

SP recovery aligned with better results at the mine?

[katie priceless] 24/7/2016 19:43

Just about Tin mining.