Member Info for leapfrog

In the recent loan extension detail,Capital restructuring is mention,the original price was .13A$ now its .reduced 07 A$ roughy 4pps so if it does happen with sp in the mid threes it will be 100% dilution. There is a three year time period to allow for the price and production to pick,the first thing needed is o/p at maximum trouble free capacity so a steady stream of good news is needed to lift the sp to get the MKTCAP out of negative equity. The sooner negative equity disappears the better the chance of survival without capital restructuring.

So your saying WOLF has not been operating efficiently so has spare capacity to take on a Toll processing contract.No wonder its losing money hand over fist enough earnings to place it in negative equity territory That's about as reliable as your high ranking insider.

It will be at least 6 months before the literally thousands of pages of information in response to the US authorities queries are gone through. Then there is the problem of brexit and the potential of having to have all products re checked and accepted by the EU as UK will be outside as it were.

It has occurred to me that the potential of a maiden dividend is increasing when set against mining results so would boost the sp and place the company in the lime light so bringing more investment attention to its increasing resource potential as verification will be ongoing for several years yet based on what is in the old Russian reports,history etc.,

In the main I think most buyers do not bother with LSE but come through research into resource growth stocks by those who like a decent risk factor with limited SII.so ensuring high sp at the end of the day. We are outside the 'penny share for bucks ' herd mentalit,in itself giving spstability within visible parameters.

That would be a ton plus of gold expected in 9 to10 months after start,then? Profitable from day one then? Mining cost at $600 oz ? Wrong Reason to believe it will be much less,net out around $470/$530 oz Then we start on Copper both with no CAPEX then? Of course pure copper bottomed golden speculation as mining not started yet . All good news for the sp.

Apart from Copper GEO already has resources in place of 7.1 million ounces of gold 22 million ounces of silver,add in Barite,Tin lead etc.,

I do not think their will be much if any borrowing for the build of a standalone mine with both gold and copper O/P the profits will be sufficient to eliminate loan costs. GEO has already stated no dilution so the SII will remain at around 114 million. With IIs holding 30% + a further 10% locked in by PIs leaves enough shares for an active market. I note directors pay is by no means excessive,could this imply dividend expectations if the maiden results confirm multimillion $. Profits? From both gold and copper production?after all we are run by an accountant.

The last resource RNS stated:- The majority of the intercepts highlighted contain gold grades expected to meet mining requirements for heap leaching requirements. It then states resource and grade meet mining requirements for heap leaching processes so in talks to finalise toll mining arrangements. The above info., could be construed to indicate gold plus mining news at any time, I have always thought mining will probably commence end Q3 onwards.

At some point the sp will equal the placing price as for offering 1 for 7 to existing PIs at a 10%discount,rubbish its what they value the company at.

The cash raising almost doubles its market cap.of which £34 million is cash..

The concensus of research indicates supply and demand is expected to even out in 2018 if this is true then it will result in a steadying of the mkt price this defines Wolfs production needs to meet profitability set against its recent increase in liabilities and on going cost requirements. Once that is known to the market place then sp value can be calculated,all we have is news about increased debt,plant stoppages with production disruption resulting in a sinking sp which if such news continues will cause the sp to drift off to below the 3p mark. The sp requires a steady flow of good news covering the Q3 and Q4 to make significant advances meanwhile its market cap is below its debt factors So negative equity is the order of the day.

Not fooled by a clown either.

GEO ( GK )has overall control over entire operation. So it's a reasonable supposition agreements are already in place. If the company structure is looked at it will be seen how GK has his finger on the pulse at all times The mine access road is only 7 klm long so once production starts it will rapidly build up to full capacity for both gold and copper.

wrong share

Come rback to 1.35/40 probably abit less until news eventually arrives next month or two

I expect our production costs to be much lower than European comparables as exampled by our low drilling costs.

A MT AU @ 1 g or 2205lbs AU= 32150Troy oz or around 1000kg Will be the O/P times POG in the first year. Around $40,000,000 less toll and logistic cost. Add in the equivalent figures for CU The point being Our MKTCAP is $25million Therefore it is reasonable to expect at some point within the first year of production a MKTCAP based on a PE of 7 to 10 minimum on the sum of Au + Cu production. Snag = production due Sept., on - so we ain't started production yet.

My sentiments entirely.

10% is not what I would call a profit for an 11k transaction although it looks like a buy when set against an earlier check. Think we can expect sp to drift until good news arrives.