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Wolf Minerals Share Chat (WLFE)



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Share Discussion for Wolf Minerals


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flundra
Posts: 745
Opinion:No Opinion
Price:0.00
RE: pala
5 Dec '18
This adds that "Industry sources have suggested at least two other parties are keen on restarting mining at Hemerdon".

https://russiabusinesstoday.com/energy/russia-oligarch-wants-to-reopen-british-tungsten-mine/
 
richam
Posts: 239
Opinion:No Opinion
Price:0.00
RE: Backer ?
4 Dec '18
Whoever it might be, whatever he might pay: 100% of the sum will go towards creditors and nothing will be distributed to shareholders. The purchase price will be WAYYY below outstanding debt. Over the course of 3 years one thing has been established: This mine's output is WAYYY below specs thus cannot be run profitably. Neither at APT 200, 300, nor 400. Who on earth is supposed to bid big money for a dog like this?
PRJ-LSE
Posts: 4
Opinion:No Opinion
Price:1.24
Backer ?
3 Dec '18
Does anyone have any more info about this backer.
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: Denise could buy
22 Nov '18
Benefit system unfortunately creates creatures like Tele******. Hey-ho ... FYI I think Wolf may have found a backer so watch this space
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
RE: Denise could buy
22 Nov '18
how much income tax does she pay ?
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: UK's richest man eyes North Sea oil
21 Nov '18
Anyone that knows him please tell him to save our tungsten mine.... great returns :-))))))
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
RE: UK's richest man eyes North Sea oil
20 Nov '18
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
UK's richest man eyes North Sea oil
20 Nov '18
Blitz01
Posts: 41
Opinion:No Opinion
Price:1.24
RE: Mine
19 Nov '18
Isn't tomorrow the deadline for bids from potential buyers ?
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: Mine
19 Nov '18
Thx Blitz for update appereciate it... I spoke to HL today and asked if I could offset my losses against corporation tax... they told me YES....BUT!!!!! even if the share gets delisted it could come back again so
Told me to hold tight.... we live and hope and yes I know it’s a long shot but let’s see :-))
Blitz01
Posts: 41
Opinion:No Opinion
Price:1.24
RE: Mine
19 Nov '18
Bulent,

It's on care & maintenance by the look of it. I can see 4x4s still doing the rounds day & night but not sure if they are Wolf vehicles or the administrators. I'll get my binoculars out. There's definitely activity and the plant lights are still on every night.
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
Nope ! Just an irritation to a worms
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
do I detect a bitterness
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
Or maybe it was his wife then... don’t shoot the messenger telemarketing man
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
you are probably right about the beach and your money
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
On the beach with telemarketers mum with my money
telemarker
Posts: 366
Opinion:No Opinion
Price:1.24
RE: Mine
18 Nov '18
What is Richard Lucas doing these days?
Bulent74
Posts: 948
Opinion:No Opinion
Price:1.24
Mine
17 Nov '18
Is the mine completely shut does anyone know ?
Oldgimmer
Posts: 516
Opinion:No Opinion
Price:1.24
RE: What now for the share holders ?
7 Nov '18
At some point the shares will be cancelled and the Inland Revenue (in UK) will classify this as realised for capital gains purposes. It means that the loss any holder of equity being the cost of their investment becomes an allowable loss for UK CGT purposes (I hope). So if you are fortunate to have other gains you can offset this against them.
Oldgimmer
Posts: 516
Opinion:No Opinion
Price:1.24
RE: What now for the share holders ?
7 Nov '18
Hi, the administrators will be calculating a balance sheet as at the date of administration in order to assess the liabilities and realiseable assets of the company. Those that have financed the company, equity, loans and creditors have different rights to the assets on a winding up. Regretfully equity shareholders rank last. It looks like around £160m of the assets are secured against the loans so anything realised above that go to everyone else. From memory other preferential creditors are administrators fees, Inland Revenue and redundancy costs. So they get paid then I think other creditors who have supplied stuff. All a bit sad I’m afraid.
Hope69
Posts: 5
Opinion:No Opinion
Price:1.24
What now for the share holders ?
6 Nov '18
Anyone know of the procedure you now need to go through as a Shareholder now the company is in administration? Just thought many people may not know including me.




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