The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Mppotus, we are waiting for licence from the Portuguese bureaucracy. Reading into it there were changes in mining legislation last year in Portugal and some other companies seem to be having somilar experiences. However, within that there are actually grants available. The RNS 1st June refers to waiting for the trial mining licence, which is in fact a five year mining licence ( as I understand things). We are all set to go and contracts are in place. I also understand the Covid situation has contributed to things getting done in Portugal. So I have some expectation on good news on that, this is conjecture on my part, but reasonable from what I could find on the matter.
Whatever happened to the plan to truck in higher grade ore from Regua?
Big Evi
You have a great weekend too mate.
GIT thanks for the blocking advice- I do like to see their posts as they get more and more desperate. As things continue to improve they will need to up their game and i find that fascinating
Have a good weekend :)
It is true that in the interest of clarity we should not obfuscate. A simple fact like 59.3 tons shipped so far this month, looks good to be an improvement to me and being told more to shipped too is welcome.
If this rate can be maintained we could be hitting 80 - 100 tons a month. If we can keep that as a bottom line then improve on it, the stated purposely conservative estimate in the latest shard report would be just that. If we stick increasing metal prices on top that’s looking very rosey. Given we get a good quarter we can look at refinancing perhaps. The grant, we are told, is to be paid. If the Portuguese get their bureaucratic finger out we can get the high quality ore from Regua and develop on the gold at Sao Martinho. I am feeling quite dapper, indeed I am glad that GIT would not want to be out of these over the weekend. I also do realise that there will be some that will want to reword things or redefine but as Kipling said, If you can bear to hear the ......
Big Evi
A green box appeared just before your post, filter them mate, as things progress they will become more and more desperate to deramp, they didn’t see today’s RNS coming ;-) but the investors were expecting something like this.
BE, one Green Box already. ATB
You can’t ship what you haven’t produced - enjoy the weekend :)
"We are making good progress this month and have already shipped 40t of tungsten concentrate and 19.3t of tin concentrate, with further shipments confirmed in the coming weeks."
Income generation is what it’s all about - nice start to the second quarter :)
Wonder how long before the first troll posts - they normally clock on at 7am ready for any RNS
He can walk on water.
Shame they are obfuscating by providing shipment numbers rather than production numbers.
slev, that put a smile on my face. ATB
I hope he's a miracle worker...
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, has appointed Mr. Jesus Martin as Plant Manager at the La Parrilla tungsten and tin project in Spain.
Jesus will bring more than 40 years of experience operating metallurgic and gravimetric plants, mostly on tungsten and tin projects in Spain, including: Rodalquilar, Los Santos, Penouta and most recently the Barruecopardo tungsten mine in Western Spain.
The senior La Parrilla management team includes Pablo Neira - Managing Director (Spain), Juan Garcia Valledor - Mine Manager and Jesus Martin - Plant Manager. This appointment strengthens the management team at a key stage in the production ramp up at La Parrilla.
With the team at full strength, concentrate recovery rates increasing and progress being made to lower the water levels at the mine, W looks forward to regaining access to the high-grade ore bodies and increasing production.
Michael Masterman, Chairman of W Resources, commented: "I am pleased to welcome Jesus Martin to the La Parrilla management team. With the plant improvement plan recently completed he brings with him extensive experience and mining knowledge and strengthens the management team as we move towards reaching our T2 production run-rate later this year.
"We are making good progress this month and have already shipped 40t of tungsten concentrate and 19.3t of tin concentrate, with further shipments confirmed in the coming weeks."