The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Come now L200, let's not assume the worst of old Masterman. Perhaps he announced the numbers because he's been reading this board and realises how shabbily he treats his shareholders. He is deeply ashamed of himself and has now resolved to mend his ways by being completely honest with us in frequent operational updates. Right?
Sorry completely my error. You are correct. I have asked admin to remove my post
was about to say the same thing , this is straight out the RNS
"Shipments
During the quarter W Resources made three tungsten concentrate shipments totalling 59.2t and one shipment of tin concentrate, totalling 20t. "
GUG not sure where you got those numbers?
From the RNS;
Q1 2021 Shipments;
59.2 tungsten
20.0 tin
The shipped numbers you appear to have quoted are from Q1 2020!!?!
Why all of a sudden does he put just 1 months shipments up, rarther than wait for the next quarter ?
I would bet a placing is close, or more Atlas money is coming.
to ship 3 truck loads.....physic dictates,it as to be produced
and according to this,another shipment is due,this month
so whats that,another 20t ish
https://www.proactiveinvestors.co.uk/companies/news/947483/w-resources-makes-key-hire-for-la-parrilla-947483.html
GUG, as stated earlier, you can't ship if you haven't produced, plus shipping = income. So if lorries are rolling out, that can only be a good thing, surely even you can see that?
GUG - You cant ship what you aint produced!
And did the tooth fairy just make those tonnes of tungsten (concentrate) miraculously appear from thin air - or has it been mined, crushed, and processed at some time in the recent past?
So they either produced more in Q1, or are producing more in Q2 - either is positive
Jaffa "we've nearly produced as much in April as we did in Q1?"
No these are shipped numbers not produced numbers.
Apologies, not caught up on all the posts. But if I understand this correctly, we've nearly produced as much in April as we did in Q1? Finally turning a corner. These are the updates we need going forwards now, not waiting for the quarter end!
Q1 RNS ;
"Tungsten ("WO3") concentrate production of 63.5t
Tin ("Sn") concentrate production of 28.9 dry metric tonnes ("dmt") "
60 tons of tungsten and 19.3 tons of tin by the 30th of April.
Ramping up towards T2 production levels.
I wouldn’t want to be out of this over the weekend ;-)