Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Leave the playground responses to the children....
Dreamingof
“ We are just fed up to the back teeth with acts of God and acts of incompetence (let's not kid ourselves that they have messed up numerous times and we haven't been made aware of it. ”
Whine, by all means. After all, you are a seasoned expert in that field.
Clearly, others of us are NOT content to be included in the whiney camp.
Just be clear about that.
Dreaming of, I see a smidge more optimism in you. I agree the with your disappointment.
For me the phrase ‘long term holder’ is far more stretched than expected,
Pragmatism dictates that we look to going forward from here on. I think we have crossed many bridges and things will now improve. If we get improved production. we will be able to refinance at considerably better terms, so that if that happens you may see your return sooner than you envisage. However, it depends on achieving production.
That sentiment has been expressed so so many times that whilst well intentioned...seems pointless. We are just fed up to the back teeth with acts of God and acts of incompetence (let's not kid ourselves that they have messed up numerous times and we haven't been made aware of it. Mining in an area that the proper due diligence wasn't carried out a year ago is an example. If it had they would have discovered that it was unsuitable and not proceed to invest time and money drilling there. Similarly the lm bringing in new management is normally indicative of things not being right.
Either way I have stopped asking what else could go wrong and stopped thinking that a corner has been turned. Still believe I will get my money back but the opportunity cost of keeping it here this long means that net net I am still on a loss and the multiple, if it happens, from there will hopefully just remove that "loss".
Let's see if they announce their world famous Q&A session. Let's hope people ask them tougher questions and hold their feet to the fire about what these Ore Constraints are that are causing us to miss out on another 6 months of 24/7. I suspect it may have to do with the aftermath of the flooding, if so, why couldn't they simply say as opposed to leave it so people speculate
Safety
Tin is $28,093 that’s 47.8% higher than the average on the fid and tungsten is up a couple of dollars in China, which makes it $6 above the price shown in the Shard investment case document, i can’t get the European / Amsterdam price at the moment.
I think we can all agree that we look forward to improving production figures. Now if that happens and we get increased metal prices that would be good.
MIB
I understand your frustration I’ve been here longer than you and with a much larger investment.
You chose to invest as did I, you choose to moan about the CEO and the company, I do not, you now seem to believe that the company will not succeed, whereas I still have every faith that it will succeed.
There is one thing that I am sure that we do agree on though, we both want WRES to succeed, as do many, many other investors, the ones who want it to fail aren’t invested here and are now filtered by me, and several other true investors.
I hope you make a lot of money from your WRES shares and I hope I do too ;-)
Oh how we laughed. Been hearing that for too long now. Times up we need action, big numbers and to stop promising ourselves it will all happen next year. Its been going to happen next year for years.
Good morning GIT!
Hear, hear!
Let’s hope that the worst is behind us and that WRES will now start to improve its production significantly and that the SP will follow suit.