We always knew that it would take at least 6 months to ramp this...

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taxiparrots

18 Posts.

17/03/16

18:27

Post #: 17303547
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Originally posted by seaemay ↑

It all goes to show why the SP hasn't risen. Frankly I'm surprised it hasn't fallen further on the weakness of the financial position. I suspect current holders are by and large prepared to keep the faith and buy the story that 'we're still ramping up' but it won't hold water forever. If the next quarterly can't show a big improvement in performance I think holders will begin to bale out and take this sub 10c. It all goes to show just how hard it is to go from explorer to profitable producer, no matter what the commodity. Unfortunately commodity prices move in cycles and WLF missed the good times for tungsten by a couple of years which would have seen them get a real foothold on paying back debt.. Then again, two years earlier they would have struggled to get the loans in the first place. It was the high tungsten price at that particular time that clinched the loans. How can you win? I was also surprised by the current number of shares on issue. I suppose I shouldn't have been but I hadn't been following that aspect and always remembered WLF as a low issue company, as it was at the time development was approved. I hope my negative feelings are proved to be wrong since I've lost money in enough wannabes and gain no pleasure from seeing others lose money. Good luck all.

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We always knew that it would take at least 6 months to ramp this up to full production. Your views are totally miss guided old mate. This company is flying

WLF Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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We always knew that it would take at least 6 months to ramp this...

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