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This is a brand spanking new mine and needs time to work it will bring us riches in the end this is a business with lots of money invested I'm very confident.
Tonlin
Yep, production and sales prices, they are the two things that will determine success or failure.
There’s no reason to believe that we won’t hit production targets by the end of the year, tungsten is still forecast to rise, and there is a forecast shortage of tin, which bodes well for us.
Time will tell ;)
The company's PR, MM interviews and comments are not exactly irrelevant but they are not hugely significant either at this stage in the game. The only thing of any significance is production and sales. If we don't produce we have nothing to sell and no amount of singing, dancing or fancy words will make any difference. I ask myself what the reasons would be for us failing to produce. It could be poor or faulty plant design/construction. (Is that likely?). It could be the raw material is of much poorer quality than the JORC indicates. (Is that likely?) It could be the workforce are incapable of operating the plant properly and we have too many breakdowns and interruptions. (Is that likely?) It could be that we have another Covid lockdown. (Is that likely?) The price of Tungsten could tank. (Is that likely?) I suppose we could conjure up a whole host of reasons why the plant will not produce. How likely are these scenarios? I think the most likely is another lockdown or that the Tungsten price drops. The other scenarios would indicate gross negligence and incompetence on the part of a whole number of professional organisations and that is extremely unlikely. The workforce will be desperate to have a smooth operation with minimal **** ups. The likelihood that La Parilla and Regua will be successful is far more likely than they will fail. Nothing is certain but provided we can get uninterrupted production runs, this looks very good indeed. MM's lack of fluency or slick presentation has no bearing on the long term viability and success of these mines. Personally I will wait (admittedly not patiently!!), until Q2 figs 2021. Hopefully clarity will arrive well before then. GLTALTH.
Dreamy
If I had held my breath every time I thought that there was a good chance that we would get some good PR and a rise in the SP, I would have been pushing up the daisies a long time ago !
That said, we are now maybe between a third and a half of the way through ramping up, so the quarterly results in July, October and next January will determine wether you, I, and all of the other long term holders have made a wise investment choice, or not, I’m very hopeful that we will be proven to have made the right decision.
Time will tell mate ;)
What you are saying makes perfect sense. Alas MM and his PR department aren’t as smart as you so am not holding my breath, though I maybe wrong. The vast majority of his statements are underwhelming in their content and style and leave more questions than answers. But hope springs eternal.
Good morning all.
3 weeks ago we were at 0.15, now we are at 0.21, that’s a 40% increase in three weeks and we have the results due in mid July, which is less than two weeks away.
There’s a fair chance that the SP will hold its ground and possibly rise a bit more before the results, and whilst I don’t believe the results will be spectacular, I do believe that they will point to a brighter future.
If MM gives us news on what our production is for June or ideally for the last week or two of June coupled with a forward thinking statement for the third quarter and or second half of the year then we may finally see the SP rise significantly and stabilise.
Time will tell ;)