George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Realtime
Mining companies report production quarterly, that’s what we are doing, he reported in January and will do so again in April, July, October and then again next January.
We are in the ramp up phase, this means that they are working hard to ensure that every piece of the kit is set up to optimum level, we know from what he has said that changes to the set up have taken place, and that he now expects us to quickly reach 80% of our full production level.
No company can reveal anything that is market sensitive outside of an RNS, production figures for the January- March quarter will be announced as stated in mid April.
Chill out and wait mate, the April announcement will be important, but, the July figures will be the ones that should lead to a serious rerate.
why does MM not say "our production rate is now sufficient to cover all our outgoings" or something in that order or are we still operating at a loss hence no mention just we will provide quarterly production figures. No wonder the SP is stuck in the Doldrums
Well my old chopper is staying in the hanger until the winds die down & the warmer weather returns.
Ill get my chopper out as well lol!!!:):),long as its not too windy like it has been here recently
Safety
Don’t you go behaving like a pigeon when you do it though, we don’t want our workers upset, productivity is everything.
I might buy a helicopter, so I can fly over me workers mercs. Just saying like.
Lol like the mercs in background punt :);)
Jaf, ok, it was 2019 I was talking about at the time.
I did not factor in the unexpected. I was also buying at and above 0.6p, so I paid the price for my lack of caution. Luckily, I did not compound my mistake by selling low. Indeed, I have been buying regularly ever since. I don’t post as much these days. I prefer DB to do my work for me.
:-))
Kev,
I didn't mention any names as I didn't want it to get personal. But now that you've commented, I have to say you are correct - you didn't say those things in 2019; you said them in 2018 (July 10th to be precise): '40m ebitda is what i am looking for in 2019. Anything above that will be a bonus. I will also be looking for a small maiden dividend. Perhaps £3-5m. That is the least we LTHs can expect, after all this time waiting.'
Yes GIT. Jaf was 100% right about perspective.
Kev
He who laughs last, laughs longest.
And, I suspect that the investors here will be laughing all the way to the bank.
As for the derampers and trolls, they will be long gone.
Jaf
“There were indeed people who made such comments and they have been proved wrong.”
The trolls were wrong and will forever be wrong.
“ There were also people who said there would be $40m EBITDA in 2019 and a maiden dividend and they were also wrong.”
I’m not sure I said both of those in 2019, but my timing was delayed bu the All Mineral, and possibly other, delays, but I will be proved correct in the fullness of time.
Perspective.
Excellent, informative, factual video - nice to see the workers shiny new Mercs in the background too - Downpayments from their initial bonus?
https://www.proactiveinvestors.co.uk/companies/news/913238/w-resources-chairman-at-la-parrilla-to-update-on-grant-funding-and-new-loan-913238.html
Jaf
Yes the derampers will be negative as usual, but guess what, none of the investors give a flying fig.
It’s just a matter of time.
Oh, and given MM has stated regular shipments, maybe, just maybe, boythorpe did in fact know what he was talking about and was in fact telling us the truth, I certainly would believe what he posts more than anything that the usual suspects post !
Thanks for the link.
MM at his most positive ever in that he talked of regular shipments of ore. He was careful to keep it all factual and even corrected Scott's impression that Regua is producing ..... not until mid year.
My expectations were that I would have been rich from Wres by now. Given the pains of 2019, I am relieved to watch this video and know that my investment stands an excellent chance of coming good THIS year.
Mid April for a full production report. Not far away.
There were indeed people who made such comments and they have been proved wrong. There were also people who said there would be $40m EBITDA in 2019 and a maiden dividend and they were also wrong.
Perspective.
To the sceptical the video totally refuted the previous views that; it is only dirt, there is no infrastructure, there will be no finance, they will not be able to produce, there is no water supply and other things that have arisen. However, I would accept it’s taken longer to get where we are than was envisaged. However, however, we are now splendidly moving forward with increasing production.
Will that be an oilskin jacket...his and hers?
It's all perspective. Some people look into their cereal bowl and see the face of the Virgin Mary - other look into the same bowl and see a load of cornflakes. To the faithful, the video confirmed what they 'know' to be true; to the sceptical, it confirms their feelings as well.
Great video imho.
Confirms shipments are being made.
Clearly implies production rates are increasing with ramp up by the intention of announcing quarter figures in April
The plant working is evidenced by the video and that it is a very automated plant as MM had described it would be.
Confirms improvements are still being made with quality upgrades.
Confirms the grant.
Confirms that Santander see it as low risk with a 3% rate loan and that we have access to extra working capital.
Confirms Regua starting half year and final processing at la Parilla.
Confirms low cost capital investment at Regua,
...... and Injave not seen much trolling recently......
Perhaps rerate soon?
Even if not, I am very happy with this video. I shall start looking at a new coat I think, crackerjack imho.
Nice to see and hear the plant churning out $$$$$$$$. Also have to agree on liking the term 'shipping concentrate on a regular basis'. As long as that keeps up, the Regua ore arriving mid year will be a massive boost and there'll be even more $$$$$$$$. Might get me money back one day as well.
Usual puff piece, nice to see the site in action. What we need is this interviewer doing a proper 30min interview with MM, asking serious questions in order to give investors and future investors some confidence. Whilst MM takes trump and Johnson’s approach of only doing childish interviews which just make them look good they are pointless. It has been a long time since we were asked to submit questions, where the questions too hard for MM. they are doing a real good job, they need to communicate that plus address other questions, which don’t necessarily confidential or an Rns (eg, have all mineral given us our compensation yet).
So he said mid April for announcement about production
MM quote "we've been shipping on a regular basis".