Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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That's a very smart bird you have there Sainharry, keep it tweeting to us all! Just hope the crushers have not been 'Made in China' as some grey suit was heard to say a while back!
Sainsberry…. I think the fixed crusher is fine now they're working with granite from a deeper depth...but yes the mobile crushers will naturally increase the volumes through the plant even more....They really are Rockin and Rollin now RWK
A little dicky bird in Plymouth has informed me 6 well tested mobile crushers are heading to the mine in the very near future! If true is it not fair to say throughput will increase massively-especially in-light of the problems with the fixed crusher being the main cause of failing to date?
No problems WD43, the opportunity for you to get off that fence and onto the Wolf train again may arise in the next couple of months if the report is good, and production accelerates. Fingers crossed.
Thanks as ever Devonwolf for your detailed reporting and analysis, this month's end could be the nexus for WLFE and hopefully confirm if the target nameplate production has been achieved.
Good luck to all holders here - I'm still on the fence after bouncing out with the staggered stop losses on the sudden down spike a few months ago.
Cheers,
WD43
Yes Bulent 74, I do know Wolf would have to confirm release of the £5m top up to the Bridging Loan, I was just outlining a possible reason why it had not been used to date, another reason could be that production has been sufficient to move over the income v cost break even point, or another reason could be that discussions have not yet been concluded with RCF as noted in the last Activities Report.
No doubt all will become more clear at the end of July.
If the remaining £5m was realised then they would have to report it on an RNS.. this hasn’t been done which shows us there has been no need for it ... you should know this surely DW?
Daytrader, for the last two quarters Wolf have actually expended below the Form 5B forecast by around 7% and 14% so probably it is right to say expenditure could be lower than the AS$28 million forecast. Also there has been no confirmation that the remaining £5 million of the extended Bridging Loan has been taken? Wolf also had approx. £10 million in escrow accounts (Stated in last years Annual Report) that were due to become available upon completion of certain activities/events. Perhaps this money has now been released to Wolf which has negated the need to extend Bridging Loan further.
Fair comment DW.
Anything around the AS$ 30 million mark for the quarter would give us more than a chance of break even.
All costs are being kept to a very minimum and I don't believe for one minute they will utilize the full AS$28 mil forecast for production costs, development and lending costs.
Lets keep our fingers crossed
RWK
Tin production is more up and down Daytrader, and the 124 tonnes produced in Oct-Dec 2017 was probably a spike. That's why the 100 tonnes I estimate is worked out on last quarters ratio of 81/345x430. If 400 tonnes has gone to WBH you can add say another 100 tonnes of tin production, making say AS$ 4 million for tin, so total quarterly income would be AS$ 33 million.
However the WBH income can only be treated as supposition until Wolf publish figures at end of July, or evidence of what has actually gone to WBH can be found in advance.
So the two together roughly AS$ 29 million in three months. That looks very encouraging to me DW
Well if say 400 tonnes of concentrate had gone to WBH I suppose you would need to calculate the US dollars for it into Euro for delivery then back into AS dollars for payment to Wolf. So 400 x US $26,700 x 0.85 exchange rate US$ to Euro x 1.58 exchange rate Euro to AS$ gives income of around AS$14 million if my calcs are correct.
DW. so in the calculation you have made you appear to have ignored totally any possible shipments to WHB for the whole quarter ? And don't you think the tin shipment would be higher than in quarter Oct/Dec 17 ?
Thanks Devonwolf
I think we'll find shipments to WHB over the last 3 months will be somewhat higher than that. How would your calculation look if you allowed a similar amount shipped to WHB to that you say has been shipped to USA. Just as a comparison of course
Daytrader - Have no info on European shipments, but we have previous assessments that tell of anywhere between 12 and 25% goes to WBH, so on that basis it could be from 50 to 100 tonnes, but is only an informed guess. I thought you had heard of a lot of tonnage going to Europe, can you put any better estimate on the figure than mine?
Thanks DW. Regarding shipments to WHB for the quarter what is the figure you think has been shipped ?
Metal Bulletin European APT price today US$349 - 354 per mtu from US$350 - 354 last week. Price flatlined for last 2 weeks.
So looking at shipments to US offtaker GTP for April - June, the Panjiva website reports approx. 430 tonnes of tungsten concentrate shipped, an improvement over the January - March figures. The significant point here is that approx. 275 tonnes recorded as shipped for June alone, if that tonnage was maintained into the next quarter ( the start of the new 2018/19 financial year) production would be approaching nameplate. Any shipments to European Offtaker WBH, as yet unconfirmed, would have to be added to the US figure. Tin concentrate production could be around 100 tonnes.
The APT price has risen from around US$325 to $350 per mtu gradually during the quarter, so taking the average of say US$335 per mtu ($33,500 per tonne) less 20% offtakers discount Wolf got paid around US$26,700 per tonne for tungsten concentrate as an average April - June. Exchange rate US$ to AS$ has been around 1.3 for the period.
Projection of tungsten income for period on 430 tonnes comes out at approx AS$15 million to which tin income would have to be added, guess here as offtaker discount unknown, say AS$2 million. The production position is improving as Wolf move into the 2018/19 financial year from July 1st, but still expect a loss for 2017/18 year to June albeit reduced from 2016/17 year.
The Activities Report released around 31 July will be critical for information on timeframe to production break even, and Form 5B to see if costs are actually reducing for the future quarter. The outstanding debt is still the key issue holding back the share price, and until Wolf can demonstrate they can service it by increasing production consistently in the longer term the market will keep the price depressed at these levels.
If anyone can improve/correct content of this post would be happy to receive SENSIBLE comments.
You're a common nub head idiot .why don't you go to Panjiva wolf minerals...the figures are there pratt Oh and don't forget WRES and concurso The Spanish love a good land grab
Red flag.
Let’s see end of July if the figures for shipments are true or false! Shipments have been quoted but you refuse to accept fact .
I just made a statement of fact. I wouldn't expect you to understand it
How can anyone take you seriously when you have a user name which has a tax evading connotation to it ?
Dished out because they can't pay their way.
Mmmm Cash flow. Who needs that for a successful business ? All you need do is ask Claytrader or his other account to talk it up and it will be worth a pound a share. Yeah sometime never
Again you think you know but you know nothing. I’m toying on wether to buy more and you come up with this comical prediction. Wrong again... please can someone answer whether the camera is working or not ?