Member Info for leapfrog

The company cannot possibly break even by the end of march it has used up some �55 million of available funding and gave an estimated shortfall of $A31 million for the quarter. It has to pay for that funding. However things are looked at in December it issued shares in lieu of fees because it could not afford to pay cash. The rise in Tungsten prices obviously helps support the companies objectives. Whilst the company cannot yet breakeven let alone afford the interest or start to pay back the loans I think the chances of shut down reduce as the WO price rises. If the quarters projected loss is overrun or not reduced they will definitely be in need of further funding probably by dilution. If the operations downtime increases and loss of production results a different income picture emerges. Then if China relaxes its grip on WO or offloads into the markets the price of WOdrops. Etc.,

I just cannot see the prospects or value others see in this stock especially after the creative accounting and what Is a false encashable value placed on a company name with no licence applications in place, no offices, no funds and no staff plus no guarantee anything will happen.

bulents knows nothing about placing a short,the costs or the margins involved and has never placed one in his life. A serious lack of basic investing knowledge is being displayed once again. What was that last juvenile expression you used bulent ? dip**** ?

Have you read your 6.53 post which says the only thing to be believed is the RNS information. You then describe talks withe the head honcho as being believable An attitude of burying the head in the sand towards opinions that have the company in dire need of more funding and not yet having sufficient cash flow to meet even current requirements is remarkable. It will cost in fiscal terms half the remaining current value of investments It is possible the company will moth ball in which case the sp will collapse. Denial of the above is not reality As for name calling tantrums what was that expression used dip**** Both you and the other well known rude individual display a remarkable ability to live in a dream world.

The comments ' improvement in cash flow' are meaningless unless set against criteria,they can still be loss making there is no information to tell if cashflow is less or more than outflow. My view is still not up to scratch etc., Plus all the efforts being made should result in improved cashflow,from available information production is still in need of improvement. There can be little or no improvement in the sp except " hope value" until income exceeds outflow and substantially reduces debt burden. So to keep running to just stand. still means extra funds required etc. The sooner an RNS the better.

Have looked a little closer at several more of their investments, thinking they might change my mind about investing here- all they do is confirm my opinion of not being an investible company . The question is how long will the share stay trading ? I like a gamble but this is too long and shot for any real returns especially if the money transferred to show a profit is not forth coming.

So no real loss Thanx

If I remember Weekend shut downs not only for maintenance,also to give local residents a peaceful weekend in agreement with the planners. So that's a fair 8 days plus a month production lost almost a quarter of their entire production puts fiscal losses on the heavier side. Any correction welcome

Is on my watch list -Seeing comments form disgruntled shareholders I thought I would do a random check on anything that caught my eye before investing. The result was a checkup on the 12% stake placed in IBS and valued at �845,000 This is what I found - I that's One man by the name of JOHN MCKAY registered the company. IBS reg on 6th July 2017.Co., reg no 6333629 Business reg no k622110 banking. Just a registered office and no indication of open for business premises. The business registration was July 6th the companies investment was made in August a few weeks later. As far as I can track the above investment has nothing to show for it. I cannot find any registered Banking Licence under the RBNZ Nor signs of an application for one under the names of IBS or john Mackay Nor can I find any financial services registered licence nothing comes up under IBS or John Mackay when the FMA is searched. Their is nothing coming up about any licences being processed. I did a quick scan of a few pages to see if I had missed anything so I could be in error despite the searches coming up with not found Please remember this was only a brief search based on A single RNS a far more comprehensive search should be untertaken. So how such an investment can be valued at �845000,that's 12% of a �10 million affirmed investment announced within a few weeks of a single man registering a business name that does not have any legitimate licences in place is puzzling to say the least. Puzzling even more so because the company says of the investment that it may be a non starter as it cannot guarantee the licence application outcome.This statement alone puts a heavy question mark over the valuation attributed to this new venture.I cannot see how any investor(s) would pay up front �9.155 million for an a Bank that does not exist in a failing economy. Add in that the NZ credit industry in is in trouble All the above is checkable. Also noted the company transferred part of its unpaid expected income to show a profit. All open to correction specifically by any company member? Unfortunately what the above search results do is call into question the valuations given to its investment in terms of real disposable cash. Usual DYOR + EOE etc., I will not be investing instead watching . ATB

You certainly are lacking in understanding either that or you demonstrate once again you cannot read. Where did I mention averaging down? What has averaging down got to do with selling, banking the money then watching the price collapse on a dilutive issue and buying back in. When you avaeage down you spend more money to buy in more stock. You have a lot to learn if you think that selling and buying back in lower is averaging down. It is in fact increasing the shareholding for the same money as you sold at a rough guess increasing your holding by around a third. I hope the above information is simple enough for your to understand In fact correct me but didn't you post you could not sell your stock for fear of reducing the sp even more! An slow orderly retreat over time would not have donee that. Nor do I give a toss for what you think yr friend will tell you about his organisation.He will never say anything else if he did say what the true state of affairs was it would be inside information which could destroy the sp or don't you understand that? You even confirm he would not say anything by telling us he is qualified in your eyes by working for the largest accountancy firm in the world,what as,a tea boy because that would be the only person who could say anything different. Nevertheless with your high level of understanding not a lot more can be said. What was that expression you used? Your expression applies to the juvenile city connected ( really ! ) rude individuals comment on publishing figures without the correct or all the information. It seems he was unaware of the standard discount for advance T/O deals. Your expression applies to him as well. ATB

Agree absolute madness to shove �230000 into this stock. Your in for a surprise if you think the man at the top would say anything other than all is going well. In view of the companies published position of being in dire straights I would have slowly offloaded a good deal of my position with the thought of getting back in lower. I don't think the income flow is anywhere near enough to sustain dept and ongoing operational costs for much longer without a further major cash injection.If that is the case it will most probably be share dilution at a heavily discounted price to attract investors with some service suppliers being given share positions in lieu of cash It's all well and good publishing any advance in the product price but wolf do not receive it in full,there is the forward sold money supply discount of at least 15% if not more to be considered. That discount knocks a hole in the fiscal cash flows ability to service debt in full. So if the worst is expected it can only get better

Unfortunately here sp prediction graphs are not dependant on past history. The fiscal report alongside any fund raising dilution price will determine the sp.

WWRES crashed today? Is that the way you read the sp Is that immature or naive or just unable to understand figures. Take a look at WRES spread its less than 2% -WLFE 18% if the difference cannot be seen or is not understood then investing is not for you. As for the city connected trader his ujuvenile comments continue demonstrating living in a fantasy world. All the sale calculations are of little value until the company gives out its results. Interesting time ahead.

If the sp does rise that much it will be a false dawn because of all the previous changes in the creditor and Bank covenant arrangements will be expected to be revised and put on a firmer footing. Some appear to have brushed that one under the carpet. Let alone account for and bring forward recent loan arrangements. It can be argued that that the above won't happen as prices will not reduce,no, instead with luck they will be in a position to carry on producing and start paying their bills in cash instead of shares. The time to the expected RNS is getting shorter.

Out of interest China and it 'local' trade partners have set up exchange rate criteria when trading to avoid using the dollar as a base security with the RMB taking presidence. In 2016 the RMB was accepted by the IMF as the first of the emerging Mkts currencies to be included in its drawing baskets rights. I think it's about on par with the �,� etc., The whole idea of the Asian economies is to break the power of the dollar should the unreliable trump administration ( when He came to power didn't know ) ! declare war it will damage the dollar beyond repair.

I think SR can instruct Bagir to do as it wants because if will effectively be the owner of the company with its 51% shareholding. As for traders being flushed out ? What does that mean? PIs are here to make money trading is what everyone does they buy and they sell. Traded this in early December for a good profit. It has a good SII but was behind with the business plan now it has a major investor involved who will want their input. So waiting to see what happened expecting the sp to drift off until news arrives.

To misquote, A very tight spread - A good demonstration for another lack of business understanding If It is thought 12.5% each way is a tight spread. The professionalism displayed by the rude kid in turning a blind eye to the real state of affairs within WOLF is astonishing to say the least. SP may move forward on the outside chance but it could collapse on the coming RNS so it's make your mind up time stay or bite the bullet and go. Either way the sp will not sustain any rise because of the poor fundamentals behind the stock

Unintentional double posting

To quote- WRES has just collapsed, If that the extent of business acumen then it's no wonder major investment loss situations arise To quote -Total dreamers. is a strange comment coming from one who dreams of riches enough to recover their investment here when every RNS tells the world WOLF are in need of more and more money to fill this 'dusty pit of a Spanish building site' Back in September didn't wolf say it wanted a further �20 million then it suddenly announced it had extended its credit facility to �45 million with RCF what's more despite that extension WOLF borrowed even more! It has not mined enough to get it turned around and the price has not risen enough to help the turnaround so it needs more cash. Expecting RFC to come to the rescue yet again because it holds 56% of the stock -very doubtful as its in over its neck so it will be dilution at a fair old discount otherwise RFC will shut its � shop until better times. So much for 'total dreamers' The last RNS concerning Funds back in September took a long time to arrive I like to think the next one will not take as long. WRES is in s good position to develop itself further.

To quote- WRES has just collapsed, If that the extent of business acumen then it's no wonder major investment loss situations arise To quote -Total dreamers. is a strange comment coming from one who dreams of riches enough to recover their investment here when every RNS tells the world WOLF are in need of more and more money to fill this 'dusty pit of a Spanish building site' Back in September didn't wolf say it wanted a further �20 million then it suddenly announced it had extended its credit facility to �45 million with RCF what's more despite that extension WOLF borrowed even more! It has not mined enough to get it turned around and the price has not risen enough to help the turnaround so it needs more cash. Expecting RFC to come to the rescue yet again because it holds 56% of the stock -very doubtful as its in over its neck so it will be dilution at a fair old discount otherwise RFC will shut its � shop until better times. So much for 'total dreamers' The last RNS concerning Funds back in September took a long time to arrive I like to think the next one will not take as long. WRES is in s good position to develop itself further.