London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
You will only have one login account. Registering with multiple accounts is not allowed. Any user found to have more than one account on this site will have all, and any future accounts suspended permanently.
Your email and password must only be used by you. If a post is made under your account, it will be considered that it was posted by yourself.
Your account nickname must not be the same, or contain, listed company names or board members' names.
While debating and discussion is fine, we will not tolerate; rudeness, swearing, insulting posts, personal attacks, or posts which are invasive of another's privacy.
You will not;
discuss illegal or criminal activities.
post any confidential or price sensitive information or that is not public knowledge.
post misleading or false statements regarding the share price and performance. Such posts are deemed as market abuse, and may be reported to the appropriate authorities.
post any private communication, or part thereof, from any other person, including from a member of the board of directors of a listed company. Such posts cannot be verified as true and could be deemed to be misleading.
post any personal details (e.g. email address or phone number).
post live price or level 2 updates.
publish content that is not your original work, or infringes the copyright or other rights of any third party.
post non-constructive, meaningless, one word (or short) non-sense posts.
post links to, or otherwise publish any content containing any form of advertising, promotion for goods and services, spam, or other unsolicited communication.
post any affiliate or referral links, or post anything asking for a referral.
post or otherwise publish any content unrelated to the board or the board's topic.
re-post premium share chat posts on regular share chat.
restrict or inhibit any other user from using the boards.
impersonate any person or entity, including any of our employees or representatives.
post or transmit any content that contains software viruses, files or code designed to interrupt, destroy or limit the functionality of this website or any computer software or equipment.
If you are going to post non-English, please also post an English translation of your post.
If you are going to post non-English, please also post an English translation of your post.
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium and Verified Members
Premium Members are members that have a premium subscription with London South East and have access to Premium Chat. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
“ Just two posts (out of many): 10 Jul 2018: K3VMC: $40m ebitda is what i am looking for in 2019. 11 Dec 2019: K3VMC: $20m ebitda coming, as I have posted for many months now.
I really don't think you are in a position to lecture other people.”
I was completely wrong, as it turned out, and that was BEFORE the virus struck!
In a meagre defence, I am heavily invested, and not only do I know where La Parrilla is, but I have been there several times.
Maybe you have never made mistakes. I have done and may well do in future, but I always buy what I post about. I don’t talk other people’s stocks down. Maybe you appreciate that distinction, maybe not.
In my defence, I don’t troll a share I have never invested in, don’t know where it is. Yes, mistakes were made, there were problems and disruption by pestilence and disease, but I still back the mine and hold.
Just come across another humdinger of wisdom from K3VMC. Look at the Share price it was over 50p in new money
"K3VMC Premium Member
Posted in: WRES
RE: Team wres27 Jan 2019 11:46 Inky
“1. .When will Wres become self sufficient in capital income , turning a profit and self funding current projects.”
Wres will be ebitda and cash flow positive from the end of Q1.
“2. At what point will further dilution of the shares for current projects be no longer necessary”
The last placing was to get Miton on the register and fund “something else”. LP is paid for and Régua will be paid out of cash flow and the small change left over from LP development.
“3. Does he envisage consolidation of the shares to make the company fit the profile for investment by institutions pension companies etc who won't invest in fractional penny shares but will invest heavily and drive the SP”
He will consolidate shares when income is proven. There are enough nervous nellies as it is, without giving them something else to twist knickers over.
Safetyman - "What I personally want too hear about is next steps in realistic achievable terms for production with figures that are clearly achievable rather than hopeful expectation."
Its in the Shard report (I have it now) "For the first time, WRES has issued production guidance. Thiscovers the remainder of 2021 and focuses on total concentrate production which we take to mean tungsten concentrate plus tin concentrate. WRES believes that the plant improvements along with higher grades and recoveries will see production increase. The company expects total concentrate production of between 880t and 1,000t for 2021"
Still an expectation, so this will likely be higher than what will actually be achieved. Take a middle average of 940t deduct the 90t produced in Q1. That leaves 850t with 3 quarters to go, an average of 283t per quarter of combined concentrate . production. NOT LIKELY
Dreamingof. No doubt on the incongruity of the statement on the 3rd March and subsequent published figures. The reasons for disparity I do not know. With regard to what was said , I do not think there was a deliberate attempt to mislead- there would be no advantage on it that I could fathom. However, I do think ( I do not know) that it was spoken on the basis of expectation. Certainly the question will no doubt get asked at the Q&A session. What I personally want too hear about is next steps in realistic achievable terms for production with figures that are clearly achievable rather than hopeful expectation. I would also be very interested in Licencing on trial mines in Portugal, possible JV for Sao Martinho, and I would love to hear of refinancing at less punitive rates. Also grant news. I was also reading that Portugal was providing grants on mining projects, just an outside thought- are we lined up for any of that?
My guess is that the flooded area is going to take longer than initially expected to be drained, I think someone on here suggested we could just pump the water into the nearby canal, but my guess is that may not be possible or might require authority to do so, due to wildlife considerations and or water authority issues. Who knows !
If that was the case, why wasn’t this apparent 3rd March when he made his infamous prediction for Q3. Surely by then it would be evident. It’s ok Safety, to be fair to you Troajan, GIT, no one knows, it just doesn’t sit right. I am sure a brave soul or two will raise the question, just hope they wouldn’t be fobbed off and will hold their feet to the fire as I really had hoped that surprises would have stopped by now (not saying all surprises are their fault, just that we get past this stage of Mr and Mrs **** up visiting us so frequently)
Seawolf, the problem was not because it gets wet in certain months. What happened was there was flooding, that wetted things including access. Normal wetness is not a problem. Anywhere in the world that gets hit with heavy rainfall over a short time has problems. So for me it’s about resolving the wetness from the flooding, not usual weather wetness.
Troajan, October? Just when it states to get wet again, marvellous, you couldn’t make this up! Why can’t the run 24/7 in the summer and reduce it during the winter as weather permits? None of this makes any sense until MM provides a thorough explanation, which he never does.
Dreaming of, I understood that we had to process Lower grade ore then due to the rain and flooding and it’s effects on access to higher grade ore. I think it was a case of using lower grade stuff that had been set aside previously - without going through everything that was my view. As for October picking things up, if wetness has been an impediment then the heat and dryness through July August and September will pick things up considerably. Personally if we can start towards getting the 100 tons a month I will take that as a positive sign post. More than that and I might even get cheery.
GIT, any thoughts as to why we suddenly discover in late March that Ore concentrates are an issue, when they weren’t in Jan when 24/7 was announced or even 3rd March, when MM expected records to be smashed (bearing in mind how little came out in the Quarter in the end and assuming they were still producing from 3rd March to 31st and he must have known production numbers up to 3rd March, when he made his announcement.
I said last year that the very earliest we could hope to get to producing enough for break even would be Q2 and far more likely Q3 or Q4 mate, of course at the time I had no idea that the rainfall in February would be of biblical proportions !
So, given the circumstances, I agree that the very earliest we can reasonably expect to see production at break even levels is now Q3 and it could be as late as Q4 or even Q1 next year.
I would be very happy if we were able to get there sooner, but the only way that seems possible is if Regua comes online very soon.