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No
So GUG, are you saying:
1) the the ‘P’ in PE ratio no longer stand for profit as you did earlier.
2) that you are privy to K3’s dealing, accounts and financial positions with regard to Wres.
Safetyman. Bore off with your repetitive accusations with no basis.
God, I'm pleased we are agreed that my statement is correct regarding the tin price.
You know full well what I meant. A P/E conversation is pointless when there are no Earnings (Profit) , This year, last year or indeed any year past or the foreseeable future.
Don't act the big man. I'm not the one that is underwater in a big way here. You are (or at least were)
K3, have you discussed your share dealing with anyone? I have known you for sometime and it’s not something you discuss as far as I am aware. In fact I have never heard you mention quantity or holding- so have you released private information to the public domain? Or do we imagine that GUG may have access to privileged information on people’s accounts, or just guessing ? Just wondering.
I’m saying the only profit/earnings ratio is in your head.
I have no idea who you were discussing my share dealing account with.
Are you saying that "“ Please do remember that you get approx 50% of Tin price you quoted. (Metal not concentrate) ”" is an incorrect statement ? If so state why, rather than acting smug.
Surprised your still here, I heard you sold out and remain for the warrants (at 60p) ;-)
GUG
“ Please do remember that you get approx 50% of Tin price you quoted. (Metal not concentrate) ”
Please tell us more about your innovative “profit/earnings” ratio, you in vesting genius.
I wish all WRES investors a great weekend but now it’s goodnight from me ;-)
Franny
Don’t worry - so was the individual who was moaning, and as safety pointed out he used to come on here and was nasty to everyone.
I was lying obviously Safety lol
Well done Franny!
GUG it occurs to me that if you get twice as much for something that you have half as much of it’s the same as having one of it to start. Or that the fact something is double the price to sell then the margin between costs to produce and revenue is actually greater than producing double. So that’s good imho. Speaking of tin there.
Bulent. All credit to you for keeping an eye on things. It’s nice to know you are now having happy times. Good effort, with watching what’s going on in a company you are not interested in, keep it up. Sorry that you feel people were getting at you or making you feel bad when you were in Wolfe. Mind you I think I recall you were quite aggressive to others here. Perhaps it something you said or wrote that had something to do with it.
Reminds me I should go back on bbs or other platforms and raise issues from previous years, but then I think ‘perhaps not’.
Moving forward in the spirit of goodwill, you may note that the SP is very low for Wres, some consider that a very good buying opportunity. Last month our CEO thought so and bought quite a lot.
I'm currently 2 grand up Bulent. Ta ra
I remember some time back you and your gang were taking the Piiiisss out of me for losing money on Wolf minerals... not nice feeling is it ?
Please do remember that you get approx 50% of Tin price you quoted. (Metal not concentrate)
Also the $262.50 per mtu . You receive 80% of approx 65% of that number (Metal not concentrate)
So actual income would be calculated on $13750 per ton of Sn concentrate and approx $13750 per ton of W Concentrate, handy for the workings out
Lets work an the average of the guesses for Q1 which is 163t combined. That would produce revenues of $2.2m for Q1. That's about £1.6m on the top line for 3 months
Once the OPEX, any CAPEX and Interest is removed, the cash burn continues.
More funds are required - watch this space.
Dreamingof, I truly have no idea for how long I have kept the tradition or how much down I am. I do know that I am down though.
However, I feel it important to take a positive view on things as there are a number of benefits; the law of attraction and positive thinking is a good thing. And also the psychological aspects of dwelling in the negative is not healthy in my opinion.
In my experience the path of life has been rather up hill, arduous and at times almost overwhelming, then again there are the great times of joy ( for me the best period was when my children were young, I really enjoyed their childhood).
My view is that this will come good, it’s not gone as I expected or anywhere near the time frame I thought. However, it seems in terms of a mining enterprise it is going through the expected phases and in a time frame that is more the usual case- and it seems delays are almost de rigeuer for mining. On aim and in mining things can turn on a sixpence, and should they do so for Wres I am in it to win it. I think you have a considerable sum invested here if I recall correctly and I truly hope you see a goodly profit , in this your good fortune is my good fortune. Have a good weekend, and who knows in times to come we will be celebrating. Keep the positive waves flowing.
Please do remember that you get approx 50% of Tin price you quoted. (Metal not concentrate)
Also the $262.50 per mtu . You receive 80% of approx 65% of that number (Metal not concentrate)
So actual income would be calculated on $13750 per ton of Sn concentrate and approx $13750 per ton of W Concentrate, handy for the workings out
Lets work an the average of the guesses for Q1 which is 163t combined. That would produce revenues of $2.2m for Q1. That's about £1.6m on the top line for 3 months
Once the OPEX, any CAPEX and Interest is removed, the cash burn continues.
More funds are required - watch this space.
As a matter of interest safety..since you started this tradition, exactly how much as our sp fallen....just asking for a friend
Thanks for that GIT. Well that gets us off to a positive Friday. Tell you what I suppose I should say; I wouldn’t want to be out of these over the weekend.
Safety
Just checked:-
Tin $27740.50 per ton - that’s 46% higher than the mid point of the range in the FID
Tungsten $262.50 per MTU - that’s $2.50 higher than the price used by Shard when they did their paper on WRES, not much above but nonetheless above
Current tungsten and tin prices? If those are still increasing that would be good.
Also if Wres have figures showing increasing production that would be welcome.