Member Info for leapfrog

I have to laugh at myself sorry richam - it was bulent I was referring to,even if he cannot see the post.

Well a dozen plus RNS issued. So the company has a mini dilution by paying directors to save money, They were paid at 5pps a high price compared with the sp.unless values were agreed at a VWAP non discounted average of a week or two ago when the sp held at 5p for a while , The shares in lieu of less than £25,000 in cash(a very small sum) probably indicates they is still some way to go yet and time is not on their side. If the above is true unless they have alternative funding available dilution is on the horizon. If the turnaround is partially successful they will need to issue between one and two billion shares to pay back a decent chunk of debt.,and have enough money to move forward for at least a year plus without further resorting to extra funding. A billion or two extra shares is needed bearing in mind the rate of cash burn whilst producing is high. No more to be said about Richams incorrect synopsis knowingly made without reference to the financial state of the company. ATB

From your comments you appear to be well informed about the equipment. Are you in regular communication with the company? How would the NHS view the equipment in terms of cost time savings? Thanx in advance.

I am not surprised at those who bury their heads in the sand so ignoring the facts. All they do is adopt an insulting non factual stance about what is happening in real time. Wolf has one of the most difficult minerals to deal with hence the numerous continuos break down and repair requirements. The plant should have several crushing circuits so if one breaks down production continues. Once the performance bond is spent what next? Every time production slows or stops for maintenance or is shut down for 'quiet' time the fiscal situation gets further out of reach,creating the potential for dilution. For a poster to write a defence of the situation saying he is unaware of the fiscal state of the company beggars belief. Unless a number of existing situations are successfully addressed the company has little room if any to manoeuvre with regard to finance. Despite various posters saying the BOD had indicated all was well which in my view is a false assumption until it is in the PD . News is expected very soon if their is silence from the BOD and with no or delayed mention of the turnaround situation I can only assume they are in talks with their backers in an effort to sort the fiscal position one more time. If they are successful all good the sp will breath a sigh of relief if not dilution or moth balling.

It is a major milestone and enables an excellent product to be leased/sold throughout Europe. The American market medical approval will take a longer but when approval is given FBDU will have a flying start as they are in discussion with several of the major clinical users. Then their is the huge Chinese market. The unusual outcome not expected by the company is the product exceeded all design expectations and will enable better understanding of treatment required at thr same time enabling major time and cost savings. FBDU. Has the expertise to get the product to the market in quick time. All good for the sp especially with just 65 million shares in issue.

It was a meeting over a meal and no surnames were mentioned therefore it is gossip and supposition nothing else,of no consequence so don't expect any announcement.

Bought in earlier and sold well. Now watching for an opening to buy in again.. my reservation concerns the fact that it's fork shovel and wheel barrow operation in a country that has not a lot going for modern mining methods plus regular fuel shortages. Plus the discount of 70% is too steep,Take off contracts are renewed every year so by the end of this month we may get news of a revised TOC losing that high discount. Interesting to see what comes up.

What has the misuse or otherwise of grammar got to do with the BB or GWMO? Or Are you making yourself out to be superior kb81? if so you can see where you fail by the 'shockingly impolite form of address ' you use, clown? It's a BB no more nor less init. Ave a great day.

My position is fine,I prefer to present opinion with reason,name calling demonstrates a rather juvenile disposition to ones own responsibility towards decision making I see your now saying the info you said was given you by RC himself concerning the turnaround being successful is in the RNS info., it is not. make your mind up, I stick to my view that no one in the company friend or otherwise,would give advance information on the turnaround being successful or a failure until info., was in the public domain. Which it is not. The RNS info states the fiscal problems and has not mentioned anything about the last 6 month turnaround in terms of success or failure etc., I certainly would not put any more into the company until I knew what the fiscal position especially if they need to raise more funds by dilution. Not long now till an RNS announces the position.

As soon as news arrives confirming receipt of initial payment which is on its way then the sp will react until then interest may wain and the sp drift all in the normal course of events so I would not worry. FWIW I sold into the spike and will buy in again on the expectations of another bite of the cherry. ATB

For you to quote the turnaround is very close as the words of a director is clear insider information I don't think having met the man he could possibly be that stupid. If he was he would not be holding his position for long as it would be untenable. So his apparent stupidity in giving you insider information validates your post,I don't think so. The facts and figures made available by the company speak for themselves. It is those that should be looked at in determining any decisions not what any opinion states on any BB. To interpret them as being almost resolved is ludicrous at best.

Exactly a gamble nevertheless I think a good one - I rarely if ever bit*h if risk reward bets goes wrong - its my decision

Bought in a couple of weeks ago, came out at 3.12,now will wait as the sp may fall back before taking a second bite. Profits + put into RBDU as an earl bird investor.

On further research, Liked it even more so bought another 40k - that's enough for the risk reward ratio, now it's sit and wait and watch.

Thought I would place an order for 65k shares as I like the risk reward potential,the small SII and even smaller FF and the product potential. Although somewhat of a gamble as we have zero information in respect of how they will monetisation of the product. The anticipation of obtaining the CE marker for their product is an important milestone for marketing. Am expecting a whole raft of informative news. Also thanx to Mandoo/sharehopper for the heads up

R you Clutching at straws. Do you usually try to bully PIs by insisting they do as you tell them? As for 160 million shares against a few buys and sells making for manipulation on a range bound share price ? is that comment for real The company has stated it Will be continually reviewing its long term capital requirements,a sure sign of a coming fund raising situation. IF by dilution then expect a heavy discount with warrants? As before news soon.

I don't think MadDave's comment is wrong let alone stupid, perhaps a look at the finance position and the short term position-who would want to join a company on a STC that can be terminated at any time especially if they researched the companies financial position. Gives the impression company don't want or cannot afford the liabilities of full time contracts ? Dt13 -One wonders what the validity of your comment concerning the company being on track is when stacked up against your personal attacks on various point of view that you don't accept and have never been able to refute with sound logic. Are you in over your head? There is no way in the world you would have received any indication of the turnaround was not on track. My view is they are all stern tight lipped when responding to fiscal questions hence the thinking more funding arrangements required As for manipulation of the sp I don't think so,a billion shares in issue and very few trades make it clear that is not the case. The sp is sitting where it is because the turn around is touch and go,survival depending on how soon they increase income to cover and extend ongoing commitments and how much generosity and patience the financiers have unless of course Shylock is peering in. Won't be long before the situation is revealed.

The following has a good chance of happening ;-The company has 9 billion shares in issue which translates into minuscule share price movements,once the current programme is paid for,their will probably be a money raising exercise,especially after a decent RNS raising the resource expectations and the sp-so more dilution then a consolidation in the order of three or four hundred to one. So on my watch list.

All interested PIs put faith in the story behind wolf,no one was able to forecast the series of events leading to the situation as it is now or expected the fiscal problems caused by various factors. Fortunately the financiers were persuaded to allow the company to execute its revival plan so in Weeks or at most a couple of months its up to date position will be made clear. If I held a sizeable holding I would take out a covering short with a guaranteed stop loss when the sp gets back to 4.5p area. If the companies policy works then the sp will have free reign to make up any short losses, if the policy does not then what are the alternatives ? Probably dilution to raise a minimum of �10/�20 million at a 45% discount, All could change on a serious increase in demand creating higher prices.

Transferring funds from inside China to the outside world has to go through a number of verification processes which is the norm.,