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Exactly my view. I cannot see them not wanting this to succeed.
The other point with regard to the CFO. Did MM seek him out after finding out his history, or did he ask MM? Either way it’s positive. And an asset.
Its strange how such disclosures are taken in a negative manner. personally I think it is to the CFO's advantage that he had a long term understanding of what had gone on in La Parilla. How many other people could claim a multi year exposure to their new employer history ? Its not a bad thing. He has at least walked in the shoes of the PI's invested here
GUG. To be absolutely clear. It’s not for me to comment on what people are doing in their jobs explicitly. Even more so when I have only met them socially albeit at business type things and don’t know. What I know is they have done well previously.
However, the SP is no going so well. So we need demonstrable production, which we are given to understand is a matter currently progressing,
Thank you for your candid answer Safetyman. It crossed in the ether when I was writing my last post. These things are better out there than not
Dreamingof. Ive not used you to catch him out. You asked a question "At as a matter of interest, what capacity did you meet him, as he only became cfo 20th nov 2020 so no real time agm’s." He has avoided the answer. I don't why he would do that unless he slipped up. Paul Hailes was/is an investor in WRES. He used to post on here but obviously that had to stop when he took up his part time role at WRES. That is professional behaviour, no problem with that at all. It just puzzles me why there appears to be a faction that do not want that to be known.
Safety, your view is more valid than most in here, no doubt including my own. Just after all these years all I can say is talk is cheap...only way I can be convinced of anyone’s professionalism is their ability to deliver consistently now for Wres and I have unfortunately not seen it here yet, albeit some was down to them ( eg mining in the wrong area) some down to the vendors and some courtesy of the big guy up in the sky.
Dreaming of, the Paul was a fellow investor when I met him and so was Pablo. However, I was aware of their capabilities from conversation etc . Pablo clearly was interested in company involvement. Top guys and both successful in their fields. Have not spoken to them in their official capacity. I am just an investor that rocks up to presentations and agms etc. I have also
met others, Hartlepool Bob, etc- anyone that rocks up really.if you have ever met Charles Scot he is a real life force of nature, great stories. If you come to the U.K. you are welcome to come over my gaff, I am sociable.
Good people to have on board. It is no secret from me that I speak to people at the various meetings. Why wouldn’t you, also golfpto, mr happy. They are all there to talk too.
I don’t treat anyone as a schmuck, never have . It’s a touchy point for me on that (not much is really) I strongly believe in the importance of respect to each other. Every human has worth. So if I thought done was schmucking me I would remove their bladder and use it as a swimming hat.
Yes we have had some big disappointments, cannot disagree, but go I think it will come good with the people, plant, ore, customers all being in place... well I am still invested.
And whilst I am venting, there are companies where the people I charge have little or no skin in the game, here the terse is true. It’s in their interest for it to work. I am sure our disappointment is their dissappointment, any joy for us will also be theirs.
That’s my positive rant finished.
I trust safety and so was not trying to catch him out, I just had never heard of Paul before the announcement that he was to be cfo so was interested to know if he was perhaps an investor. It certainly wasn’t to try to catch safety out as I have never doubted his sincerity. So please don’t use me to try to catch him out.
I don’t consider meeting people letting cats out of bags. If we are referring to Paul Hailes, I have met him. As have met Brian pirola, If we are referring to Pablo or Fernando at la Parilla I have met them, Pablo offered to invite my daughter over as she lives near him ( nice guy, he and his family do business in Spain).Fernando took some advice I offered on improving a little bit of the process when I was there. MM I have met more times, very full of energy I always think.
As for Paul and his abilities, from what I know a very able and successful ( proven) guy in matters financial .
So for me I take the view that we have good people doing stuff: MM driven with lots of skin in the game, Pablo very effective manager and business man whose family have considerable established business interests in the region also got plenty of skin in the game.
Engineers I spoke to knew their stuff in my opinion ( I used to work in engineering and matters of productivity),
So for me given we have the machinery and plant, we are hitting good ore, we have some very good people, prices are rising, Covid is retreating, our product is in demand it looks good.
We do need demobstrable production now and many other good things will fall into place.
Other than what I discern from when I met these people agms, presentations, and site visit that is the limit of my knowledge. No cats out of any bags for me. Just my options on taking time to meet people and see what is going on.
If others wished to take views on people or their abilities without knowing or meeting them then, that’s their evaluation.
I have always expressed a positive outlook because of my views, I have not said otherwise. I am not in a fan club, but if you put a lot ( for me) money into something it’s good to take time get a feel for things. I did. They are all capable people, my views on their personalities may be right or wrong, but they are their for anyone to take the time to talk to if you go to meetings etc.
That’s my view anyway.
Dreamingof. Safetyman has let the cat out of the bag. I alluded to it in a post a couple of weeks back, but it was lost when Getinthere's thread was removed. Lets see how he answers but read back a couple of posts
At as a matter of interest, what capacity did you meet him, as he only became cfo 20th nov 2020 so no real time agm’s. I agree that I prefer substance over form but having dealt with many cfo’s in my career it didn’t come across as very professional and didn’t inspire confidence. He maybe a lovely chap and may be a great cfo but for investors and potential investors the need for a professional presentation, which instill confidence and belief, is important.
Pablo has it, this guy didn’t in this interview.
This company has not failed to disappoint in the last 3 or so years. I just don’t know when it will end. They say hope springs eternal but even hope is looking for place to hang itself with how MM is doing crisis management (and this is crisis management).
The fears of mass dilution are real based on past behaviour (btw, what exactly was so urgent in Portugal that we needed the last round of cash).
I am venting because people are defending the indefensible and claiming that it is somehow normal. MM can always find someway to make up for his dilution by giving himself more shares, us poor schmucks just grin and bear it....well I don’t grin but I have no choice but to bear it in the hope that one day I break even.
I thought it was really positive and informative. Good to see they are being more proactive and getting more information out to us all! Long may it continue.
All sounded to me like the advisers have said "You need to do this before you can raise any more cash"
Most of these consolidations end up with the SP lower on the day conversion, I'm surprised they didn't go for 1000-1, same effort.
I'm still buying more as that GAP will fill, just didn't expect to be getting them so cheap!
Dreamingof, it was a reasonable video, personally don’t have any problems with it. Cant see what else could have been said. Seemed quite upbeat to me, so me being me I will take that as a positive indicator. Having met Paul a few times at AGM and presentation stuff, I would say he is an honest guy and what he said he believes. So for me, that carries more wait than a slick presentation.
"We're in an enviable position where we can sell as much tungsten as we can make".
Where. do. I. even. start.
First off, Paul needs some lessons being on camera, he seemed to be reading prompts around his screen. Second, this is a fairly important announcement, and even if he is the cfo, this shouldn’t be the first time he is carted in front of investors. Though I suspect MM wouldn’t fancy doing it himself. Third it appears they still haven’t dried out the high grade ore yet so we most likely going to miss out on that for the first couple of weeks and even the whole of March. Unclear where they are mining at present.
Altogether easy to see why we are down 11% as the way they have gone about it (would have made more sense to do it when the high grade ore was accessible) is the usual pathetic approach (unless advisors told MM he had no choice).
What an awful scripted interview that was. Pre-prepared questions with answers been read from a crib on a larger screen behind the laptop. I wonder what NMH19 would think of it. Maybe he'll comment but I doubt it ;-)