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Wolf Minerals clinches £99m. ‘final funding’

By Robert Tyerman | Tuesday 8 April 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Positive cash flow in two years’ time and then dividend payments to investors are now on the agenda at Wolf Minerals (WLFE), the Western Australia-based company hoping to produce 3,500 tonnes of tungsten and 500 tonnes of tin a year for at least a decade, at the reopened Hemerdon open pit mine in Devon. This is the message from managing director Russell Clark, following AIM and Down Under-listed Wolf’s £99.2 million fund raising at 16.3p or 30 Australian cents, below the current price of 19.88p and a year’s high of 26.75p.



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