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“ This is a story about four people named Everybody, Somebody, Anybody and Nobody. There was an important job to be done and Everybody was sure that Somebody would do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody’s job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn’t do it. It ended up that Everybody blamed Somebody when Nobody did what Anybody could have.”
I couldn’t be bothered to read to the end of that, but I read enough to realise it is nonsense. The new dam was already planned. Floods happened all over the world this year. Why did people drown in unexpected floods in Germany, the US and countless other places? Was it the someone, nobody, everybody guff again? Or was it just an exceptionally flood-load of rain? If the Germans knew there was going to be torrential rain, why didn’t they build extra dams, or have boats or move people to high ground, so that nobody died?
“ Should have been accounted for. I understand that mines can flood, as does my son in law but his point is (and mine) that the pumps should gave been installed before it flooded a precaution. Anyway...my take on the team at wres. ”
Ask your high ranking son-in-law Geology Doctor where the water should be pumped to. Just out of interest.
MIB, sorry but that doesnt wash - why not just say you misquoted him or wrongly paraphrased what he said as 'I understand that mines can flood, as does my son in law' doesn't sound like the same source or implication as 'He cannot understand how a mine could be commissioned where there was clearly a flood risk.''
Should have been accounted for. I understand that mines can flood, as does my son in law but his point is (and mine) that the pumps should gave been installed before it flooded a precaution. Anyway...my take on the team at wres.
This is a story about four people named Everybody, Somebody, Anybody and Nobody. There was an important job to be done and Everybody was sure that Somebody would do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody’s job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn’t do it. It ended up that Everybody blamed Somebody when Nobody did what Anybody could have.
Maybe masterman should dust off the drone and show us what's happening on the ground. Out of date info on website, nothing new on the YouTube channel in over a year. Where is our pr guru? Gone awol again.
MIB, sorry but have to take issue with 'He cannot understand how a mine could be commissioned where there was clearly a flood risk.' Most mines have pumps installed for dewatering, by definition if they are lower than surrounding areas then water will have a tendency to accumulate. If water accumulates it is just a matter or scale whether you call that a flood risk Obviously local geology or unusual meteorology can amplify that risk. So I dont doubt your son in laws qualifications, but that coalescing many factors into a simple statement like that is poor imo
mib this is the AIM. To make it worse, this is a mining company in the AIM. The track record for mining start ups is pretty poor to say the least. To be perfectly honest this is something you really should have taken into account before you committed a single penny to Wres. MM is not perfect but to blame him for all of the problems, accusing him of being some kind of charlatan, a liar and god knows what else is a bit much to say the least. Everyone who invested, except those who bought in recently are down, some by eye watering amounts. If you are looking for someone to blame for what you perceive to be a bad investment, may I respectfully suggest you look in the mirror. All is not lost by any stretch of the imagination. On the contrary, things do appear to be improving day by day. If there is an opportunity at any stage in the future to visit the site, may I also suggest you go before you sell. You might be pleasantly surprised.
My extra investment was at a fraction of the cost of my original investment. I've spent around £3800 to reduce my ave from 43 to 29. It was a bit of spare cash doing nothing else. This just may touch 29 at some point. 43p is a fantasy. So I'm hoping beyond hope that this may possibly enable a loss free bail out. Masterman has been a joke of a ceo. So many things gone wrong (c19 excepted)that should have been forseen. Wrong steel works/flooding issue should have been forseen in my opinion and in the case of the flooding also in the opinion of my son in law a high ranking Dr of geology employed by BP. He cannot understand how a mine could be commissioned where there was clearly a flood risk.
MIB. I wish you well with your investment here. I find it a little odd that you have invested more when you expect everything to go bosoms up.I too have invested more, but I do take the view things will go well. ( a rose tinted view in your opinion). With Atlas clearing, production having increased, prices rising and the advent of seven day working I look to a brighter future and certainly hope you see profit as that would also reflect on me. With everything coming together, refinancing must surely be on the cards and with the subsequent reduction in interest payments that would be a massive boost. We are also expecting news on Regua would be another boost, and if things on licensing are improving in Portugal perhaps a little golden news on Sao Martinho. Have a nice weekend.
Just wait a while and the rise tinted spec masterman fan club will be up and leaping to his now indefensible defence. Sick of this share now, lost so much money its not worth selling. Masteman has proved a disaster on this project. Bought 50,000 more shares in recent months since the consolidation to reduce my ave and have come down to 29p now from an original pre consolidation of 43p in the vain hope we may have turned the corner. So I'll either lose the lotos maybe at some time in the distant future may get close enough to 29p to bail out at break even or maybe take a small loss just to get out. But at the minute this isn't worth 541t.
Gents, I think the truth is somewhere in the middle! We have not seen a full year of steady production and Until we do production costs will be higher than those predicted by MM. in addition I think they will struggle to meet their own production targets this year. On a positive note plant utilisation is around the high end of the 70 to 90% that I predicted many months ago, and that coupled with a 24/7 operation bodes well. The biggest millstone or burden is the large debt which they are unable to service at the moment. I’m afraid that this share will not be loved for at least another 12 months. GLA
You can call Gug all the names under the sun but he has a better grasp of Wres than the majorty of posters put together. I agree 100% with his figures , and i have been expecting a placing for weeks now.
You are embarrassing yourself again Troajan. I've not mentioned OPEX of $120/30 mtu as we are in 2021 were the OPEX is closer to $250 mtu (if production is 910t + for the FY) Based on producing the targeted 900-1000t for the FY. With revenues of $156/mtu and Opex of $250mtu you can see why there is little appetite for this share and also why Tungsten mining has been unsuccessful, leading to company failures. This is also why I see the likelihood of a cash raise being required soon. Add to this the falling tin volume and its celar to see that money is going out of the door faster than it is coming in.
"well pointed out bud" I have no issue with posting facts, I wish you would try to do the same.