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As a matter of interest, how long must pass before we stop calling ourselves a new mine with glitches and become a properly run mine…..asking for a friend
Safety, once again, please provide figures rather than assumption to support your claim. In a recent interview it wa s clearly stated the company would achieve their production target for the year which now is not the case and they have even reduced their forecast for the year and as such why without support would anyone believe they can even achieve these significantly reduced numbers. Wouldn’t want to be in this over the weekend.
Oh dear safety. The 220 tons shipped at current prices is greater income than higher production at lesser prices. The RNS says Ebitda is positive, if it is a lie that would be very serious, so it has to be accountable and correct. Hence the Ebitda is positive.
Safety, please provide figures to backup your guess of how the company will be ebita positive for the remainder of the year despite significantly reducing their forecast in production? Please show us all how this is possible otherwise your post is wholly irrelevant.
Oh dear, Safety, your first post of the day is not to speak about the embarrassing production numbers but rather someone’s account, amusing indeed. Pathetic production for September, more and ever desperate excuses as to why they are failing miserably and downward forecast for year end production, wouldn’t want to be in this over the weekend or ever. Let’s play another guessing game, when will next dilution rns land and for how much this time?
180 tons of tungsten and 40 tons of tin shipped Q3. That’s 220 tons at prices higher than quoted by shard. That would enable the comment on the ebitda in the RNS. If we achieve the new lower target figures at these prices (or more) we will meet with ebitda going forward.
Why would anyone in their right mind believe the company would be ebita positive for the remainder of the year when they continually mislead on production numbers? Why would anyone not laugh at the posts of someone who predicted a $40 million ebita for the company a couple of years ago, smoke and mirrors from company and rose tinted posters is very amusing indeed when reality is something totally opposite.
It is totally irrelevant hen someone’s account is setup. Especially when they make large postings when the company releases a poor RNS, and particularly when the poster says they wouldn’t ever invest as they have no interest in the company. Yep totally valid.
Disappointing, even veering towards very much so in my mind....
And the bears clearly still have it here.
Congrats on your very accurate forecast goingunderground btw
I sold a third of my holding here first thing as - with the benefit of hindsight - I feel I should have stuck with the original plan of only going to 10k gbp on a bet such as this. (15%-20% hit on that is minor on the scheme of things, fortunately/thankfully... But I still hope that over time this punk company can find a way of living up to expectations.. granted the possibility of a raise within the next 6 months is now back in my mind... very hopefully not as any such occurrance would be seriously detrimental to medium/longtermers here hopes of getting to their b/e targets some time in the future.
PS: Great if the - few- bullying bulls here are now more open to this being a balanced board from here forward. Bears have just as much rights to post as bulls... and as the bears have been generally right here again to the power or many over a long time here so far -and the bulls generally equivalently wrong - they especially don't deserve any such attempted bullying here..
Pectin, you are clearly not the sharpest knife in the block are you, you we know what production was in July and August and what the final production was fir Q3, couldn’t be bothered to work it out to the precise decimal but even you should be able to roughly calculate it was around 47t. Why didn’t they give the exact number for September then like they did for other months, smoke and mirrors that’s why, because then it would be blatantly obvious how pathetic production was in September.
When my account was setup on this site has absolutely nothing to do with you either but I do understand why you would rather discuss my account rather than the useless production numbers as it seems rather than face reality it is easier for you to play the man rather than the ball in discussing the reality of this rather poor company. Wouldn’t want to be in the over the weekend, or ever.
GUG
“ WRES was not EBITDA positive. The parent company was. Just further spin.”
Wrong. WRES IS the parent company.
“ The months of August and September were both EBITDA positive for W's operating subsidiary Iberian Resources Spain ("IRS") and the Company firmly expects Q4 2021 to be EBITDA positive as well for IRS with the mine at La Parrilla increasing production as the quarter progresses”
Tonlin , nice post. ATB
So Impi ( were you previously banned and come back with a new ID, or did you create this account two weeks ago, just so you could save your first post for today?? )
So you can create a figure from a very rough guess (your words) but dont know how to back it up with any further calculations?
Obviously not an Instant Expert like some are you?
Figs lower than we would like. However, when was the last time we were EBITDA positive? I think MM did overegg the situation in his recent interview causing some of us to be overoptimistic in our prod figs expectations. Let's not forget this is effectively a new mine and there will be glitches and probs to sort out. It's the nature of the beast. But we are making progress. Of that there is no doubt. We will continue to make progress. The next step will be for every month to be EBITDA positive and then build from there. It's taking longer than we would like but we need to have the plant properly efficient for when Regua comes onstream. That's what I am waiting for.
WRES was not EBITDA positive. The parent company was. Just further spin.
Could someone also calculate how the company could be ebita positive in September based on 47 t of production? More smoke and mirrors, only way is if they based this on shipments which were up while production was down meaning they will be significantly ebita negative in future months because they won’t be able to make as many shipments due to non production, smoke and mirrors.
Yes you are right. Misleading though. Not clear. Not precise. Not a very good ceo.
Golfpro
Listen carefully because what he actually says is “I think we are going to hit above design capacity for the plant” going too, is in the future tense, as I said he did not say we have hit above design capacity mate, you have misunderstood
Above 7p!!! Oh how we laughed….or rather cried when we checked to see our losses again.
"Above design capacity"
Maybe its a meccano set they use ?
I imagine there are a lot of holders deaply in the red here and are desperate to hear quick increases in production and no challenges to deal with
However this is the mining industry I've been in rmm for some time and challenging issues are a norm there and seem to be across all mining companies (apart from dreaming explorers)
From scanning the rns it seems we are ebita positive and grades are getting better that's what I take from it but I bought in around 7 after going in and out to take advantage of polx drop
So a very rough guess on my part puts September total production at about 47 tonnes!!! Despite the company going to a 7 day working week production went significantly backwards in September, a pathetic result, defend that fan club as you have once again had you credibility severely dented, next up, more dilution to keep the lights on.
Keep adding to your filter list my friend. The reality is this is not a good rns and is not what masterman had led us to expect (yet again). Reality check. He is still not delivering on his promises.
Wasp
We could do with abita positivity on this board mate ;-)
https://m.youtube.com/watch?v=iDgG18Dnj2I
30 seconds in….