focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Wolf is in discussions with its financial stakeholders regarding further funding of A$7.1 million (£4 million) and other opportunities to support short term cash flows as the Company progresses its transformation activities in the September quarter. The Company is aiming to conclude the first stage of these discussions and reach agreement shortly, in order that the first tranche of further funding (circa £2 million) is received by the end of July, which is necessary to ensure that the Company has sufficient working capital to meet its short-term requirements to continue as a going concern.
Oops.
Look at the Northland Capital research on WRES. It clearly shows OPEX of $94 for WRES and over $550 for WLFE.
The more WLFE mines, the more it loses.
Goldhanger - Seems Bulent 74 your alter ego for verbal abuse of members has been brought back to life in your defence. Although you may not be involved in any form of daytrading you are still unable to confirm that you have or have not posted as Daytrader 13 in the past and are now posting under Goldhanger. Maybe you appear in many forms and currently Goldtrader 74 is the best name to sum you up.
As for correcting false statements, what you say is not confirmed in public by Wolf, and I do not intend to change the '24/7 Nameplate figures I have posted (Richam will speak for himself I am sure) until Wolf themselves alter the information, in the public domain, that they have already put in RNS and on their own website video on 24/7 potential production figures.
Assessment of Activities Report released today to follow soon.........
😂😂😂😂😂
Goldhanger - This is not about believing you, or us increasing design performance, or what you want design performance to remain at. Until Wolf confirm otherwise, their expectation of 24/7 production potential is in the public domain. Both Richam and I have made a reasonable assessment of what '24/7 Nameplate' actually is in figures based on Wolf information, and that is what we will use (Unless Richam has any new issues to change the figure) so we can reasonably judge how Wolf are performing against our '24/7 Nameplate'. We post to this board for those who are interested because at present Wolf do not provide such information.
You have still not confirmed if you are Daytrader 13 under another name or not, but if you are a new member with no connection to Daytrader 13 I am sure you would be telling me in no uncertain terms that my claim was nonsense. So I will take it that you are ex Daytrader 13
Goldhanger - Once again you are unable to accept what Wolf have put into the public domain for 24/7 production, the figures are not 'made up'. The design performance figures you state are based on 5.5 day working and are no longer relevant. And who is the CEO you refer to? As far as I am aware Wolf have never had a CEO, if you actually mean Russell Clarke his title was Executive Managing Director. Get you facts right ex Daytrader 13.
The Activities Report is out and no doubt on closer inspection it will prove that your previous predictions were inaccurate - more on that to follow
You are the one who's making things up, i.e. pretend the expansion to 24/7 had not taken place. Devon has all the facts in his favor.
Gold hanger, hahaha, not very good at this incognito malarkey are me old bean...
That's EXACTLY what I do anyway, my Dear!
Goldhanger = Stooge 👍 😂
Goldhanger - Do not need to communicate with anybody at Wolf to confirm the figures that Wolf have already put in the public domain. 'The figure you have repeatedly expressed on here'? Sounds a bit historical, like you have been posting it over a long period? Confirm if you are, or are not Daytrader 13 under another name please ?
Goldhanger, could you clarify of what nature your relattion to Wolf is?
Well, I have a hunch this explains the stock's recent under performance. If you run machines like crusher, screens, a kiln, etc. 24/7 instead of 5,5/7 and don't increase output targets, that's quite telling, isn't it? "Official" numbers can never override common sense.
Goldhanger - 'The only Design Performance figure recognised by Wolf is 3500 tpa WO3 in concentrate' and 'any other figure is not in the public domain and not recognised by Wolf'.
If you read the Wolf RNS of 24 November 2016 on Planning Decision for 24/7 working, in the highlights it states 'Potential to lift tungsten and tin by 20% and Russell Clarke commented - The additional approval of permanent 24 hour operations for 7 days a week at Drakelands processing plant will enable the Company to produce more Tungsten and Tin more efficiently with around 20% more production at reduced unit cost' It is not difficult to multiply 3500 x 20% to project what Wolf expect to produce for 24/7 working
As Richam posted, the Wolf website video states 'Potential to reach 4500 tonnes Tungsten pa, shipping 130 tonnes concentrate per week'
So Wolf have put in the public domain by their own RNS and Website their own expectation of 24/7 working. The figures are not 'made up' and a sensible projection based on what Wolf have said is the potential Design Performance.
It would be very interesting if you could confirm to us all just how you come to know that the 3500 tpa figure is the only one recognised by Wolf, and the higher figures are not recognised even though they have been put in the public domain by Wolf?
I don't think so. Goldhanger's posts are way too intelligent for anyone of the Stooges.
https://fs04n3.sendspace.com/dl/4e17634d224a58d4823f1ce5e3c9a4d3/5b4cbf4117341d4e/jndm02/4500t.png
So the company doesn't "recognize" the increased output but in their corporate video it suddenly does when it comes to attracting shareholder money. They brought up the 4500t figure themselves in their own video highlighting the potential output when operating on a 24/7 basis. And that's exactly what they currently do. You created your account two days ago. From what you write it appears to me you're somewhat related to the company. And first thing you do is guide expectations lower?
Looks as though the reviled fake news ramper has come back with a new sign in after being kicked off.
In the public domain or not, if your output is 3500t on a 5,5 day per week basis, it's 4.450t on a 24/7 basis, our agreed-upon 4.250t figure generously allowing for increased maintenance. We are able to think independentlly and don't need any handholding by the company, "official" or "recognized" numbers, thank you. If you want to provide "accurate" figures, go with 4250, otherwise you're guiding lower indicating more serious problems at the plant. BTW, the companny miserably failed to even come close to its previously "recognized" number of 3.500. That goes a long way showing the credibility of such numbers anyway.
Whatever "regonized" is supposed to mean. As a matter of fact the 3.500tpa figure stems from the feasibility study which is based on a 5,5 days per week operation. Since Wolf is operating on a 24/7 basis for several months now, output has to be adjusted accordingly. "Recognized" or not. Trying to keep the bar low?
I thought you had gone to Beachy Head 3 account. Like you used to tell other people, you should have kept your money in the Post Office.
Bye bye bucketnut
Yes Richam, forgot that pesky 65% in the Nameplate percentage calc, must be Alzheimers setting in!! We did agree 4250 tonnes per annum WO3 in concentrate and 550 tonnes tin per annum in concentrate for 7 day working as our figures for 'Nameplate'.
This, of course, refers to product shipped to GTP only. Later we will add product that was shipped to WBH. During Q4, only 11% of all product shipped went to WBH, during Q1 it was 25%. So depending on Q2's distribution the numbers will increase.
Sorry, 425.000 MTU (not 4.250).
----------------------------------------------------------------
Maybe this is an easier way to look at it:
Wolf's product comprises 2/3 WO3 and 1/3 dirt. In order to ship 10kg of WO3 (= 1MTU) Wolf has to deliver 15kg of product, OK?
That means in order to deliver 425.000 MTU (=4.250.000kg) per annum Wolf has to deliver 1,5x that much product, i.e. 6.375.000kg (=6.375 tonnes) per annum or ~1.600t per quarter. During Q2 Wolf delivered roughyl 1/3 of it (525t with one shipment outstanding) so production was roughly 1/3 of nameplate.
Devon, I'm afraid you mix up MTU and tonnes.
"Around 500 - 550 tonnes per quarter production would still only be at around 50% of our previously agreed nameplate of 4250 tonnes for 7 day working"
It was 4250 ***MTU*** of ***WO3*** that we agreed upon. This is ***NOT*** the equivalent of 550 tonnes per quarter "production" since Wolf produces concentrate and only 65% of this concentrate is WO3!
If Wolf produced 550 tonnes of "product" it would contain 550.000kg * 0,65 = 357.500kg WO3 = 35.750 MTU WO3. And this is just 143.000 MTU per annum or 33,6% of nameplate!
To all genuine WLFE shareholders I hope the trial of the Mobile crusher goes well. It is good to see some serious posts on here now that the two stooges seem to have been banned (hopefully permanently) In the long term I think WLFE will come good but short term things may be difficult, it would be great to see WLFE thrive though not just for shareholders but also for the workers and the local economy. Best wishes.