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Thx DT13 it just gets better and better :-)))))
I've sent you an email. Keep the great news to yourself please RWK
I think I am warming to WLFE now, but i can afford to wait for the dilution when RCF converts its £100m debt into shares. They will surely wait until the noise and vibration problems are sorted out and they can see WLFE getting to break even, whenever that is.
As soon as the dilution(s) finish, this could be a good place to put some WRES profits. Maybe this time next year.
Bulletin i will send you email. It's not worth time replying to the crap posted by the DROSS on this board RWK
Sounds Feasible and plausible. K3VMC... it could Also be that the current crusher cannot keep up and with the great weather we have been having a great opportunity to increae output.
Got it! This is from the Settlement Agreement RNS of 20th April, 2018.
Under the terms of the settlement, GR Engineering has agreed to contribute a settlement sum to Wolf to fully fund the expected cost of the noise and vibration management plan at no further cost to the Company. Upon receipt of the settlement sum, Wolf has agreed to return to GR Engineering all security it holds under or in connection with the Contract, including the £7.5 million Performance Bond.
So, they hire the mobile crushers to stand in for the main crusher, which gets taken apart and rebuilt properly.
Whether that fixes the excess noise and vibration is another story, of course.
or there existing crusher isnt doing the job
We already know that a mobile crusher ups the opex by $50/mtu, so WLFE will be doing this out of necessity, for whatever reason. The company was losing money with every bag of concentrate they shipped, before they hired six crushers, so why up the costs?
Maybe there is an off-take penalty for underproduction to-date? Maybe the penalty is greater than the cost of the mobile crushers? Worrying times. Surely WLFE should issue a RNS and clear up these nagging doubts?
just saw your post on wres,so i thought i'd reply m8.
i see wlfe have 300% more debt and rising.
ouch
Hi Bulletin I see the crap is back on this board and its sprung the return of the Chunter.LOL I can send you an email on the positivity. Wolf are really Rockin an Rolling. !
To about . 9 and given some time they might get it right enough to make this good.
Had a crusher that was the wrong type for the geology, or was not working then there might be a need to lease 6 mobile ones. If production was hugely scaled up the the rest of the process circuit would need to be enlarged. I don’t think they have brought in any other kit (concentrator, jog, mill etc). Just a couple of thoughts.
Chunter. They haven't bought 6 mobile crushers. They are trialling one Jaw Crusher over a 4 to 6 week period. Its on Utube if you want to see one in action. You're a complete and utter fool Chunter.
I've just phoned Drakelands so I know exactly what is happening which puts your guess work down the toilet. Take that holiday now Chunter before you make yourself look a bigger fool LOL
A honey trap, but with no honey.
Looking at the sp, debt level, the inability to service the debt level and the amount of dilution required to satisfy RCF, I would definitely invest in WLFE at about 0.9p, then wait for them to slog it out to profit in about 4-5 years.
All IMHO
Amazing what happens when they take out the rubbish chunter LOL
Chunter try reading the last RNS and the recent post by southwesterner Then take a long holiday or go back to the WRES board where you also post crap for all to see Bye bye
Take a long holiday Chunter. You're either another sacked employee with a big chip on your shoulders or a Sparkwell whiner.. Either way you're ignored on here and on Wres
Chunter it's excellent news. You're completely twisted. It was the soft weathered ore which was causing the problem as the crusher was designed for the hard granite .Now they are below 50mtrs and the hard granite suits the crusher just fine. Why don't you read up and do a little research. .
Like you said dope you're guessing . Take a look at shipments p___k
Like you say you're guessing. It's all doing fine chunter shipments confirm it
I think you may find that they crush the granite to extract the tungsten and the tin, aggregate is a bi-product of that process.
Thx Cornishkocker... I suppose the aggregates would pay for the crushers :-)
Yes they've reached the harder granite...Maybe they'll be used to extract a different commodity ..so tungsten tin and something else...maybe it's the rabbit in the hat.
It could be that as they've entered the harder granite, they are using mobile crushers to crush granite for aggregate
.
DT13, I don't see why they would need mobile crushers just to "increase volumes" - the fixed crusher should have more than enough capacity if it's operational.
Two main possibilities for the mobile crushers:
1) Crushing circuit upgrades resulting in downtime for the existing static crushing circuit. (from the last Qtrly report; "opportunities for further improvements were identified in the crushing circuit, with material upgrades for crusher segments to be trialled")
2) Ore Sorting full scale work commencing (note there are several jobs advertised on the wolf website in relation to this so it must be happening soon). Ore Sorting could be a game-changer for Hemerdon, but looking at significant capital costs for that project.
Anyway, useful info thx Sainharry.