Member Info for richam

December 2017 GTP shipments: 4 average tonnage: 58,3 January 2018 GTP shipments: 4 average tonnage: 43,8 The "return to 24/7 operation" is a myth as I had explained earlier. Production was running 24/7 in December already. Some write much, read less, comprehend nothing.

Devonwolf, the shipments that arrived on 06/01 and 13/01 had left Southampton before year end so these revenues belong to Q4-2017. Overall 2018 shipments to GTP currently stand at 175t. The weekly average for the last 5 weeks of 2017 was 58t. Unfortunately this has come down to 43,7t in 2018, possibly mirroring operational difficulties and unplanned maintenance work as indicated by Wolf's latest operational updates. Alternatively it COULD mean more deliveries to Wolfram Bergbau but hope is not a concept and it never is a good thing to see the shipments rate decline.

LOL, processguy, can't you see the ugly kids are struggling to fight the shitstorn they created. Don't waste your time posting news, or even facts!

TheSecret, we're plagued by this clown for years. Just report name calling postings and otherwise ignore him. There is no other way. He and his other fake accounts ("The Three Stooges") are a waste of time.

There is nothing to "get over" here. I wish you good luck but history tells you'll need it! You're just one of the "euphoric bunch" that will learn the hard way. Largo failed. Icon failed, North American Tungsten failed. Almonty suffering from endless delays and a heavy debt load. Now you tell me it's going to be all different with WRES. Yeah, for sure.

The POTENTIAL upside is they could manage to further improve output and coupled with high metal prices they could could continue as a going concern. However, one should keep in mind that after 2 and 1/2 years output is at 39,5% of what was planned. So optimism can hardly stem from a history of success here.

Whether WRES will be able to deliver remains to be seen. Just have a look at postings here shortly before Drakelands was actually built. There is absolutely no guarantee that WRES won't go the same route. If I was a WRES shareholder, I certainly would sell out right now because the price is driven by exuberance, not facts. Show me they can ramp up and achieve nameplate output first. Throughout the last 20 years I have not witnessed ONE new player that has not run into severe problems. Pride comes before a fall.

Leapfrog, there is close to zero doubt that RCF and/or other WILL continue to support Wolf. That, of course, will come at a price for existing shareholders. RCF will get another chunk of the company in exchange for fresh funding. That's how it was done in the past and that's how it's going to be done this time. They provided funds when Wolf was performing considerably worse than they are now so it doesn't make any sense to assume RCF would not continue to be supportive. The refinancing is a given. They only question is: At what cost? Of course this is price into the stock as evidenced by its recent performance (when it became clear they WILL need additional funding soon). Once a deal is announced the stock might even pop up a bit, like a sigh of relief. But as I said before, it certainly takes further massive operational improvements to become a self-sustaining, viable company. Should that happen, shareholders who entered at the right time could be handsomely rewarded. However, should the company fail to deliver further significant improvements or should metal prices weaken again, the company could very well go belly-up. High risk - high potential reward.

LOL, yes, like mine are not on the market. Nevertheless they exist and shrink everybody else's share in the company. You'll find out once they are being issued.

...the 08/15 shipment doesn't make any sense, that is... The 08/14 shipment is valid.

They will, for sure. Because that's how they grab a bigger portion of the company. The very portion that other shareholders are going to lose at the same moment.

Processguy, I think I gleaned most if not all 2017 shipments from publicly available sources. However, some of the data is inconsistent. In particular, one data provider reports a shipment arriving on 2017-08-15 (38.854kg). Can you confirm this? I find this data highly suspicious since several other providers report another shipment arriving just one day earlier and yet another one 6 days later. So the 08/14 shipment doesn't make any sense IMO. Can you shed some light on this?

and I understand I am laughing my ass off, you clown.

I'm shakin in my boots! The information I have provided is readily visible on Wolf's own website. Too bad not everybdoy is able to comprehend. Thank you.

No, they are not. The planned shutdowns were in TWO-week intervals. "Operational Update � 25th January 2018 At this stage, the forward schedule of shutdowns remains in place as follows: 10th / 11th February 24th / 25th February 10th / 11th March" As I said, WEEKLY shutdowns were unplanned.

Operational Update � 8th February 2018 The maintenance schedule for the next 4-6 weeks necessitates a WEEKLY shut down of the front end of the processing plant on a Tuesday at 18:00, restarting at mid-day on a Wednesday. ...and there are no bags filled with pre-concentrate left that could keep the refinery running. They are experiencing new operational issues since WEEKLY shutdowns had not been planned before.

Devonwolf, the pre-concentrate has not been "RE-processed". It's rather been processed through to the end. Maybe you know all this but it appears to me there is a great deal of confusion about what happens at the plant. The plant basically comprises two sub-units, the "front end" (well, I call it this way although in fact it's more than just the front end) and the refinery. Ore is fed into the front end and its output is a pre-concentrate. This pre-concentrate is then fed into the refinery and the refinery's output is a tin concentrate and a tungsten concentrate. When the kiln, which is a major piece of hardware in the refinery, broke down, the refinery basically went out of service. The front end, however, continued to produce pre-concentrate. This intermediate was stored in bags. After the kiln had been repaired, the front end was switched off on weekends. The refinery, however, continued to work on a 24/7 basis and processed the previously bagged pre-concentrate on weekends. That's why there will be no "extra" gain from "returning to 24/7 operation". The plant has been operating on a 24/7 basis all the time, with the exception of the front end. This is the only part that will gradually "return" to 24/7. Front end shutdowns did not impact production since previously bagged pre-concentrate was fed into the refinery while the front end was switched off. There was no "inflated" production figure. If you want to know all shipments, just live in a campervan right next to the gate and count the containers leaving. Should be roughly 4 per week.

Devonwolf, so far there have been two deliveries to GTP: The first left Southampton on 06/01, arrived on 23/01 and comprised 3 containers for a total of 58,4 tonnes of concentrate. The second shipment was for 19,5 tonnes arriving on 31/01. I share your view 100%.

Do we really have to talk tin now? Frankly, tin is a distraction. Good to have. No more, no less. It's not going to save us. 1) At USD 22.000 tin is still USD 8000 or 27% short of the feasibility study level whereas tungsten at USD 321 is "almost there", 11% below feasibility study level. 2) Current tin output rate is 84% of nameplate whereas the current tungsten output rate is 39,5% of nameplate. Where is the most potential for improvement? 3) At feasibility output levels and current prices tin would account for 8% of total revenues whereas tungsten would account for 92% of total revenues. After careful thought and consideration I come to the conclusion Wolf should concentrate on producing tungsten. Over tin!

Hemerdon can't produce tin without producing tungsten. HIM separation of tin from tungsten is the last step of processing.