Member Info for richam

Yeah, that's for you sheepshaggers. I'm talking calendar quarters, moron.

And don't forget to ask why there has been NO delivery to GTP last week at all. Looks like actual Q1 shipments were DOWN vs. last quarter.

So how much money have you lost in Wolf already? What a dog you picked!

How comes your filters are out of order all the time? LMAO

Meanwhile, did you compare the price trends of W and Wolf stock recently? Why is it that Wolf's stock price goes down the drain while the price for W increases?

Make sure you ask a Scorodite/Lithium question so I know what the Board Clown looks like. LMAO!

W up a bit, now $325-334 per mtu from $325-330 per mtu.

https://www.sendspace.com/file/ai4mzt

Absolutely, daytrader! As well as Gold and Cobalt! Heaps of it! Wolf must have just missed it all these years in hundreds of drill cores! Wanna bring up Scorodite again? LMAO!

And that's exactly what CAN NOT be the case. Insiders MUST NOT make any such comments to select individuals before they are publicly announced. And certainly R. Lucas would NEVER do it. Clearly Mr. Lucas' statements (if any) have been misrepresented, that's 100% sure. If you don't believe me, just give Mr. Lucas a call and he will clarify that he did not (and never would) make any such comments. He would sound optimistic, provide general infos, but never specifics er even forecasts regarding revenues, profits or other things that would move the market if they were known. "In 2014, the European Union (EU) adopted legislation (Criminal Sanctions for Market Abuse Directive) that harmonises criminal sanctions for insider dealing. All EU Member States agreed to introduce maximum prison sentences of at least four years for serious cases of market manipulation and insider dealing, and at least two years for IMPROPER DISCLOSURE of insider information."

Yeah, you better run a few most basic numbers in order to find out what it takes to actually post a profit. But take good care, you might even have to make a few assumptions, LOL!

...says the very man who told us a -40% shortfall was good for a "profit". LOL!

If you want to have an accounting 101 you'll have to pay for it. Unless you do so, you'll have to stick to looking at annual reports and find out on your own. Thousands are being reported every year.

What am I including in my bottom line? Everything that belongs there!

Never ever. You've been mislead again. OPERATIONAL break even, maybe, with ever-increasing W prices and a truckload of luck. But NEVER EVER would a -40% shortfall be enough to get us out of the red at the bottom line!

I don't even doubt that! The question that remains unanswered though is this: Will "substantial" be substantial enough to stop the bleeding and serve the debt? A 50% increase certainly would qualify as substantial. However, that would achieve no more than take us to a still dismal 60% of nameplate!

Yes, I do make reasonable assumption. And they are based of facts like the shipments to GTP. That's what analysis is all about. Might be new to you though as you resort to telling people they just had to "wait a little longer" all the time like a broken record.

daytrader, I once said "Half way through the latest "turnaround plan" the numbers are less than encouraging." You replied: "Like I said Richm. I'm prepared to give the company the full 6 months turnaround plan and I'm sure the majority of shareholders are prepared to do the same." And my question then was: "When the December quarterly reports recoveries of below 50% [actual: 30%] and production below 60% [actual: 39,5%] of nameplate, will you concede defeat or will you change horses and come up with "Turnaround Plan No. 3" that will take another 2, 3 or 4 quarters? Now, the "full 6 months" are 2 and a half months behind us. And just as I had suspected, you come up with another "you just have to wait a little longer". What prevented Wolf from delivering at least HALF of nameplate in Q4? What prevents them from achieving nameplate in Q1 with the full turnaround plan concluded? We don't see shipments picking up. What's the excuse this time?

adavies, your numbers are spot-on! As you suspected, the first two shipments left Southampton before year end so these revenues belong to Q4-2017. Assuming all shipments' grade was 65% and the discount applied vs. APT was -20%, the US-Dollar value of Q1 shipments to GTP so far is 4,8 Million. As of today tonnes shipped are almost exactly on-par with Q4. Due to tungsten's recent price increase, Q1 revenues are higher than in Q4. On the downside though, Wolf had an excellent run during December and I believe it will be difficult to repeat such excellent performance. Should Wolf continue to ship at current rates, Q1 tonnes shipped to GTP will decline vs. Q4's. I am not aware of any data being published regarding inner-EU shipments. Since there is no cumstoms involved, I would not expect anybody to publish detailed statistics on it. This might chance once Brexit has been consummated though.

Devonwolf, the numbers are OK. Just one correction. The 4.500t Wolf mentioned in the video are for WO3. The 130t per week are for concentrate since obviously 130t x 52 weeks are 6760t concentrate per annum. And BTW, 65% of that is 4394t, pretty close to our agreed on 4250t! With a better than 65% grade in a maintenance-free month 4.500t should be doable. Unfortunately this is all just theory. Anyway, 130t concentrate per week is the target. The latest weekly delivery to GTP arrived in NY two days ago was for 39t.