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3 years ago,you said orm and wres would never make it to production?
now both are on the verge of production?
that Jeff Harrison is now working as a consultant for Strategic Minerals at Redmoor. As the Operations Manager at Hemerdon, it was to be his swan song, but turned into a white elephant. He however appears to be trying to distance himself from the cockup which he passed over to Alan Fearon in Apr 2016. On his LinkedIn resume he only claims to have worked for Wolf for 1year 7months from May 2010 to Nov 2011.
A lot of good work was done at Wolf from fall of 2017 until it stopped. There were experts at different parts of running processing plants coming in from US, Canada, and Germany, and the site was close to getting to the black. Over in-debted but getting close.
It has a strong chance of being woken up again, and if the expert help returns would return and finish the job would be an attractive asset.
A lot of good work was done at Wolf from fall of 2017 until it stopped. There were experts at different parts of running processing plants coming in from US, Canada, and Germany, and the site was close to getting to the black. Over in-debted but getting close. <br /><br />It has a strong chance of being woken up, and if the expert help returns would return and finish the job would be an attractive asset.
Got the building and tailings facility. May have to rejig the machinery
Looks like a short haul from Redmoor to Wolf
redmoors ore body is 500 metres below ground,so you you dont get sedimentary impurities,like clay in a volcanic ore body,like granite
that's what telemarker means,redmoor wont have the clay,down there
I don’t think so, Wolf bought inferior processing equipment and spent three wasted and money burning years trying to make it work. They used to throw more of the tungsten away into the tailings dam than they sold.
Redmoor project could process ore at Drakelands ?
prj
we will probably get far call
the administrators will i expect end up with a shell company
they will be looking for someone to buy the shell to keep the mine open
the administrators will try to clear wolfs debts
whether there will be anything left fo us is doubtful
pur the shares in the bottom draw
miracles do happen
atb cat
The Share holders will get NOTHING... the company Wolf minerals LTD will be liquidated soon and a new company will be formed “wolf minerals shaft the SH up the jacksy LTD” and the plant will open again and the merry go round will start again.... the insolvency company will work in favour of RCF... we are back of the que and will get nothing, not even the scarps... I believe RL and the rest involved will get their Comeuppance one day. Soon !
Well said Tungder... I was TRULY duped... Richard Lucas spoke to me directly via a telephone conversation about a year ago and said “ things are looking great” and for me to not take notice of the chat rooms... I feel like a prize fool. I have probably lost the most as a single investor in this company and that is enough as I feel gutted... I was led by emotion and I have paid the ultimate price..
Does anyone know whether share holders will get anything back. Surely the site is worth something and the rights to the minerals.
I would like to know to 20 people or sold houses to wolf as i am sure it was 11 mine being 1 of them and can assure everyone we were not paid way above market value firstly they were under valued by a estate agent way down in Cornwall we had to fight all the way and only got 10% over under valued price with only 6 months to find some where the whole thing from start to finish wasn't worth the extra 10% believe me .Over paid and to many management in my opinion didn't help. Hope this all wasn't for nothing and feel for those people who lost jobs.
how all rampers and self-proclaimed "experts" disappeared in the blink of an eye.
No more bragging they "knew much more than you do". No swaggering about a 30-50 years perspective, no bashing of our efforts by alleging US import data didn't mean a thing. No more pipe dreams how "it was always the 3rd quarter" that was going to be profitable for Wolf.
I'm not going to miss it.
Almonty ? Is that correct. I was always told it was AMAX who had it prior to Wolf and they dropped it due to a downturn in the Tungsten price (after winning the public inquiry and getting planning permission). You sure it was Almonty ?
there are many to blame - how about all the professional engineers involved ?
Thats it. What a year. Made the first mistake of putting my investments withbrokers Beaufort. Then they went in administration in march and I still have no access to any of my investments to trade. So £9k lost. I too thought the Aussies new how to get this out and believed in their ability to make this work. Blaming the grade of the ore as being too soft bought them time but the final nail was the Chinese opening the taps on production. You live and learn.
LSE gave a glitch - thought LSE had jumped the gun and disabled WLFE chat, not the first time that has happened - sigh!
WD43
Just announced that the nominated broker has resigned. relevant note as follows:-
Wolf Minerals Limited (Administrators Appointed) (ASX: WLF, AIM: WLFE) (Wolf or the Company)
announces that following the appointment of Martin Jones and Ryan Eagle of Ferrier Hodgson as voluntary
administrators of the Company, Numis Securities Limited has resigned as nominated adviser and broker to
the Company with immediate effect. Therefore, if within one month the Company does not appoint a
replacement nominated adviser, the admission of the Company's ordinary shares to AIM will be cancelled
pursuant to Rule 1 of the AIM Rules for Companies.
This wont be the final nail surely??
WD43
Just announced that the nominated broker has resigned. relevant note as follows:-
Wolf Minerals Limited (Administrators Appointed) (ASX: WLF, AIM: WLFE) (Wolf or the Company)
announces that following the appointment of Martin Jones and Ryan Eagle of Ferrier Hodgson as voluntary
administrators of the Company, Numis Securities Limited has resigned as nominated adviser and broker to
the Company with immediate effect. Therefore, if within one month the Company does not appoint a
replacement nominated adviser, the admission of the Company's ordinary shares to AIM will be cancelled
pursuant to Rule 1 of the AIM Rules for Companies.
This wont be the final nail surely??
WD43
In a perfect world - possibly, but I doubt that it is going to be feasible. IMHO the off take arrangements will have to be less onerous than the ones WLFE signed up to - and the processing equipment will need some serious assessment as to being fit for purpose. Deep pockets with possibly a bond escrow for the necessary reinstatement after the mine comes to it's end of life.
With so many other alternative suppliers coming on stream without Hemerdon's clay problems and ore with better percentage content it is quite unlikely (IMHO) to ever be viable - very sad to say that as that collapse is a devastating catastrophe for the local economy besides the private investors who have lost so much, myself included.
The next couple of months after the accountants/receivers have completed counting the beans may find some recovery prospect. I would love to know the response from RCF to suddenly holding all the debt and a big hole - interesting if they are the only likely participant in any future development.
Sad sad days for what was a first mine venture in the UK.
WD43
https://www.plymouthherald.co.uk/news/business/how-hemerdon-mine-lost-100m-2099262
What is the 4 M secured priory loan "which could go to 5 M" about ? which they say keeps the company going until the 28th.
How can they get a loan ?
http://www.wolfminerals.com.au/irm/PDF/2480_0/FinancialReportingandAGMRelief