Member Info for leapfrog

Before the company can make a profit it has to meet its fiscal commitments,Wolf has by conditional agreement been allowed to delay payments of pre existing and continuation funding, without that agreement in place the company would be bankrupt. Clutching at straws again The facts are .It broke its fiscal covenants because it had not paid its dues so it's debt has not been cancelled just deferred. it will not be in profit at any time until the shareholders agree the conditions of the debt and a clean sheet is established to enable a normal debt funding.situation to occur. I trust the above makes it clear why their will be no profit except n the mind of a dreamer. Remember your comment about dilution will never happen.about the same value of your in profit by June. Dream on.

The company will not be profitable by June. The reasons why the company will not be profitable at any point in the near future or operational time scales given are clearly stated in the RNS. Even a first class 25QI can understand the company needs a clean balance sheet before it makes a profit. Perhaps that's to much to ask.

Further funding was not due to the profitability of the company, but done in the hope of the WO price getting high enough to breakeven plus. Funding was continued-to pay back the debt of fifty five million: nearer seventy million if all payments are deferred till 2019. Unfortunately rIght now capital and 15% compound interest repayments are being deferred. So dilution will increase the shares in issue by circa 2 billion + to over 3 billion once the sp concensus decides which way it will go. Wolf will have no option but to convert the loans.It is the only way they can get a clean sheet to raise further funding in 2019. With that in mind the sp will be going nowhere especially if the overall 53% spread is kept operational. Existing PI stakes will decrease by two thirds. In the financial report time and again they refer to the price slowly increasing but do not state any price target figure for breakeven. Some PI s forget the 20% running discount The blunt biased reporting style clearly shows the BODs dislike of the tough conditions both fiscal and operationally they have to work under. Such a stance indicates the probabability of major failure in not meeting targets are much higher than the report leads the market to believe.

Fortress America may come to a standstill far quicker than is thought if the Senate house vote for funding the .gov falls into serious disarray. One clown knows as much about the RMB as owning a Porsche,the other is still buying shares and neither can understand an RNS.

Their is a real problem with the incentive scheme and I would suggest it is modified before it is put in place. Their are a number of wells to be drilled anyone of which has the the chance of producing far more product than might have been expected sending the sp much higher.Should that happen the designed values of the incentive is destroyed. Therefore the time element should be fixed as the term 'normally vest on the third anniversary 'means the time element is not fixed.

TBH Mr B there are more than a few investors here who have holdings of 200k plus shares presumably for the longer term. So I don't think that number holds any significance.

The creeping takeover by RCF is about accomplished with its 56% holding although the dilution will change that figure effectively leaving the small shareholders out in the cold. China can flood the market if it wishes in a retaliatory action against the US -flooding the mkt with just one major product would have a knock on effect to all major metal resource prices. The stupidity of the US will force its own production & commodity prices/costs up creating unemployment etc., meanwhile virtually every trading nation affected by the uUS tariff increases will hit back in one form or another which will destroy the power of the US $ as more and more countries set their own trading exchange rates without using the $ as an intermediary. Exactly what China and the power of its RMB have been aiming for in the long run.

So Europe will have a metal trade war with the states- no more Fords Jeep etc., because all loaded with punitive reprisal taxes -even KFC CC etc., You demonstrate you have not got a clue.

You really have not got a clue if you think any kind of trade wars are good.

Without the additional support supplied by the backers in a reasonable attempt to safeguard their initial and increased investment the company would go into bankruptcy It could not meet major fiscal commitments for interest or the first �million repayment by due dates.Hence the new debt rearrangements had they not been put in place the company would go into bankruptcy. Now it's dependant on delivery and an increase in product price. They have various routes to take designed for survival including tripling the SII. Only a fool can fail to understand the companies strategy is based on two projected IFs, It has less than a year to get it right. Wolf has now been bailed out twice and been given the strength to go forward - if it fails their will little to no chance of a third debt restructuring bailout.

The company survives by seriously increasing its overall debt to ~�70 million and deferring (now compound)interest payments at 15% and 10%. The increase in debt without its compound interest is twice WOLFs market cap. Without the limited increase in debt for survival it would be filing for bankruptcy. So right now wolf position has become worse by increasing its principal debt repayment schedule and interest position although production is the same as before. Everything depends on continuing increases in production and price improvements. If production continues to improve and the product price does not increase by a minimum of roughly 15% ongoing then the debt will outrun the income,if that happens the operation of the built in safety net of serious dilution can be expected So wolf survives for the moment with an increased debt to twice its MKTCAP with expected dilution The upside is increased production increased product price. Any sign of dilution will indicate the company is failing to reach planned target of self sufficiency. The transfer of the offices to Aussie is so they can keep continuously eyeball ongoing events. As for fill your boots comments ? With what further debt?

The change in registered office to Aussie was already a done deal 'with immediate effect' So the question is why- possibly to save costs It costs a lot to maintain a dual listing so remote possibility of delisting from AIM if so then all dealings via the ASX? It could be the other way around ?

The dilution which had to come is out of the way PI's didn't like the surprise dilution so the sp continues to drift off as PIs go elsewhere for profits. Eventually so long as decent news arrive the sp should perk up.

Sp touched 2.75p for sale of just 124000 shares ~�3400 worth as the nms has been cut to 10.000 that's only �300 worth so the MMs are pricing in for dilution that minimal nms means they won't buy the shares unless can offer below the bid. So no not a good future for the sp.

Some weeks ago I carried out brief investigation into the IBS $10 million valuation and found- no licence banking or equivalent FCA registration,nor was their notice of any applications for requisite licences,no investors and no offices. Yet it was worth $10 million. No one had heard anything about them. The only thing I found was the registration of the name with one person. I also noted the books showed some creative accounting. The above did not inspire confidence for making an investment. Make your own minds up.

You should really check your past posts for being one of the more abusive posters alongside buly on here. I reiterate you cannot read correctly,you cannoot understand a balance sheet ,that statement is based on your continuous comments concerning how good this share is and how much money it is going to make. My agenda is perfectly clear- bearing in mind I have never slated the company or its BOD or made false claims about private communications or comments with members of the company . I will not invest money in this company until a clear pathway to profit can be seen from its finance rearrangements If there was an ounce of business acumen available an understanding of why the posts concerning bankruptcy or the company accountants indicating sufficient income to maintaine its legal status as a viable business are of concern. The company issued its RNS because it could not pay its debts if you cannot understand the implications behind that statement then something is wrong with knowledge capacity. In the past you have said you have many city friends each one of whom will be laughing at a failure to grasp basic accounts. Suggest you reference Charles Dickens.Mr Micawber and 20 pounds Little to be said.

As for credibility- Such a comment certainly suggests with your previous posts you belong to an illiterate group. Nevertheless in reply ;- You mention PYC,VAST,SDX and MYN Take PYC if you can read their latest RNS you may understand why I have reservations.I lost �600 on exit. Now VAST is a waiting game at one point I held twelve million shares,sold 10.5 million in tranches for an overall profit �~16000 excluding a run for free 1.5 million shares originally bought in at .04p They still wait a further mine licence, news imminent since December so safety exit to preserve profit. SDX is a different matter it has a development exploration programme of drilling through this year -a staggering total of 18 wells for gas and oil for its expected activity program. It has a strike rate of 80%,(4 out of 5) has a rig drilling now with results due in a few days, Rig is contracted for another 4 spuds with has a second rig contracted for 5 spuds.all within the next few months. Via its Maroc ops It has growing surplus cash in the bank from a customer base at a net profit of $~$9 per scf (costs37cents ps)delivered to distribution point almost unheard of margin with no tax payable for 10 years. In Egypt its drilling mid March with high expectations of major strike So to some PIs worthwhile buying a few hundred thousand shares for a 6 month hold.profit expectations higher than normal. As for MYN extraordinary high risk perpetuated by the golden herd arrival. I don't like the BOD or is record of dilution or the non mention of makeover/field depletion/decline rates. I don't like Align or Aligns BOD although together with the golden herd they make it a trading share. So my original risk trading is limited to �10000 so far a number of rapid trades have reduced investment risk factor by nearly 60% As for WOLF,it's watch and wait -looking for a trading situation which may occur after the next fund raising with assumptions made. Right now this share is on a hiding to nothing facing either suspension due to failure as a going concern or one of its unpaid debtors going for bankruptcy before it suspends unless further funding is put in place. But then your literacy state is undoubted !

Some seriously ridiculous comments about shutting down threads,legal actions and agreements not to post about WRES or any other company for that matter. Self appointed dictators playing king of the castle, about time such children's games were left behind. This is a Public forum supported by LSE anyone can post what they like on the basis that it falls within LSE rules. Right now WRES is a share where money can be made by trading. Wolf on the other hand is not a trading stock,the MMs spread of ~27% should tell an idiot what they think of the stock by their ability to take up to ~27% of the sp in a single trade. As can be seen in the recent RNS WOLF expect to survive as they believe the owners will continue supporting their fiscal requirements rather than writing of a minimum of 20% of their debt or a max of 100% We don't know if the 80% guarantee is still in place. Without going into detail It can be seen that a number of critical factors have to be in place to enable a suitable outcome prior to continuation agreement. Right now with the available information including satisfying local noise complaints that does not seem possible. As a comment if you move into a property next to a mine with the noise what do you expect. Fortunately those that moan about Church bells can no longer have them silenced, now about that chicken farm!

I thought Wolf had called on the performance bond,if it has not or the call was rejected then its cash position is not as stable as thought.

Never allowed to fail? Because its what? That really is a naive comment. USA critical mineral ? Really, then why did they sell down their stock pile to minimum to order stocks as required? Business is not a charity - Wolf will stand or fall by its ability to produce a product at enough profit to pay back its dept pile which is increasing every day. Right now unless it has access to further funding in the region of �30 million its going nowhere, For a start its unable to pay back a �million a month against its previous debt arrangement and that does not include interest at 15% Read up .