Wolf Minerals Share Discussion Threads

[times104] 09/5/2018 09:52

What's up then folks? Someone woke up at last?

[dudishes] 27/2/2018 13:05

Small scale, but in for a further £4K, it's make or break with financiers, I reckon "Make". S or B!

Don't tell the wife!

[dudishes] 20/2/2018 17:49

G'day for snapping up the bailers for £7K, worth the trouble I guess. It's a gamble, but if they can produce required tungsten, we are in the market? Cannot hedge it, so it or bust?

[tradermel] 30/1/2018 08:18

Just the figures in the RNS which should have benefitted from those during November and December.

[chipperfrd] 10/1/2018 16:43

I'm afraid the Tungsten price chart that I had originally used is now unavailable. Hence the use of the link to Vital metals in the header which gives a price in AUD.

Not ideal, but better than nothing!
Chip

[nickgrant2] 09/1/2018 17:44

Wasnt there a tungsten price graph in the header at one point? Chipper, where has it gone? From what I can see its about $390 AUD at the moment but not sure.

[taxiparrots] 15/12/2017 06:52

THE TURNAROUND IS BANG ON COURSE. 40 EXTRA WORKERS EMPLOYED TO COPE WITH THE WORK ...ITS MADE A MASSIVE DIFFERENCE. ,THIS SHARE IS GOING TO ROCKET AFTER THE NEXT RNS END OF JAN 2018. PLUS WE MAY JUST SEE A RABBIT PULLED OUT OF THE HAT...ICING ON THE CAKE. BUY LIKE FURY

[sleveen] 11/12/2017 17:15

They can't.

They need a major refinancing IMHO, and that's after all the CLNs have been converted.

[lowflow] 11/12/2017 16:52

I am new to Wolf, but have benn trying to get how their current turn around of the mining operation could put them on the right foot. But, I just dont get it, when reading the last quarterly cash flow statement Revenue 7.7m, production cost 17.3m, staff cost 3.05m and admin 1.2m. I am not even including development cost and interest, but who can Wolf be able to turn these figures into a profit, even with the current recovery in tungsten prices and an improvement in the mining operation? Can someone explain?

[bluesnow] 30/11/2017 12:25

The price of Tungsten has held up but the Share Price has dropped back while the company is just as busy in the mine (I live nearby) so is this just investor boredom or something else. I am currently do not own any of these but would like to support a local company.

[skinny] 27/10/2017 16:18

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.....

[dudishes] 30/9/2017 13:54

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

[sleveen] 29/9/2017 08:37

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] 23/9/2017 01:50

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

[goldguru2017] 18/9/2017 11:00

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.

[chipperfrd] 14/9/2017 07:31

Thanks Skinny. I will try and get that link into the header later today.

[skinny] 13/9/2017 20:07

Not the best but -

[chipperfrd] 13/9/2017 12:58

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

[cyberbub] 12/9/2017 14:32

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.

[tradermel] 12/9/2017 12:22

Highest riser today currently up 53% and still well under the rader