Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looking to move to a 24*7 operating basis no later than Q4 2021.
Definitive stuff.
I live in Extremadura, and Covid will not impede staffing restrictions here ATM.
It is heavy in other, either more populous areas or tourist traps, especially where cruise ships are back docking.
It's masks off here, even you're ****ed!!
I Love this RNS.
No more hedgehog adverbs like "imminently"
"
Good morning GIT, I knew this would happen. Monday, I sold a few shares anticipating a fall on Q2 figures being as expected, which it did, I go shopping and the SP goes up. I just can't win! Thankfully, I still have the bulk of my holding, so if there were to be an uplift, I'm still in the game, only at a higher break even. One day maybe?
The post mentioned is currently possible to read on the MOS board. Second post down. Obviously a typo on my last post 'ore' not it's!!! Ore was changed to it's again on this post until I changed it, no idea why.
If Admin want to ban me, they're welcome.
Not far off reducing their credibility to that if Adfvn IMHO.
Rubbish , name calling, pointless posts, good.
Informativn, pertinent, real honest everyday truth if the matter: deleted.
Come on Admin, what do you really want LSE to signify?
Instant
The post you refer too was reposted on here yesterday on two occasions, but, inexplicably removed, I really don’t understand why LSE staff would remove posts that informed legitimate investors about the nasty and if true, illegal attempts to manipulate share prices, it’s very strange !
I wonder if your post and my response will be reported by anyone and then removed by LSE ?
Interesting post on the BMN board this morning (now removed) about share bashers, a fellow purported to have worked for a Hedge Fund in London recently as a share basher, according to the post 4 persons were employed to bash particular shares on a daily basis, they were paid a daily rate and had bonuses should the share price fall or if one of their bashing posts was responded to keeping it at the top of the thread, the were also other incentives.
The poster was very precise and actually named the aliases used on LSE, there were 6 accounts in operation at any one time. The posters were divided into various categories i.e. plain basher, subtle basher, alleged former shareholder who was 'worried' over the said company and the analyst type who would find negative country related links from the web or negative press about the company.
The quality of the post was very good, I have had contact with a number of city folk over the years and none deny this type of operation exists. There is no doubt in my mind the poster was genuine.
Looking at this thread and the share price performance of Centamin I would respectfully suggest the company has been made a target of a short operation. As with all short positions they have to close, usually ahead of news of if there is fear of a commodity price rebound.
The weak often capitulate unfortunately.
K3VMC "You probably just forgot that the FID had $245/mtu for tungsten and $18,000 tin."
No not missed that at all. The increase in prices should produce additional revenue and profit if production is acheived.. My point is the production expectation was around 250t concentrate combined per month. I don't see that happenng.
I understand that a level of profitability could be reached on reduced production , but you also seem to forget that borrowings were meant to be around $37m. They are now MUCH higher maybe $65m-70mt and they cannot afford to even service the debt (Never mind reduce the debt) without placings. This is a long long way from a functional business.
All IMVHO of course
But of course you know this.....
Heading in the right direction.. onwards and upwards. I am going to continue to support the progress being made.
Thanks too K3VMC.. and GUG's post did indeed glaringly lacked balance imho.. that's 'unfortunate' and should be noted
Forgot to mention increasing prices and demand for tin and tungsten, apologies.
Looks good to me!!!
The low production for H1 is in line with expectations and information from this years RNSs so far. The predicted levels of production are based on higher levels of production, improved utilisation, increased recovery rates, access to higher grade ore and increased working time. All these factors enable far higher production as is now being demonstrated for the last few weeks. Achieving year target is very much in sight . With production levels improved we may also see opportunities for refinancing at lower rates. It’s the best it’s looked a imho. H1 and H 2 chalk and cheese.
Also potential for Regua high grade ore and gold at Sao Martinho. Roll on H2!
much appreciated getinthere
I feel there's now enough for this share price to start to move north soon enough.. and momentum can of course beget more momentum on the -s/p - way back up as it did on way down..
Here's hoping..
GUG
“ Also factor in that the FID (Based on MUCH lower debt servicing) required more than 750t per quarter to meet plan.”
You probably just forgot that the FID had $245/mtu for tungsten and $18,000 tin.
Nice
The Shard report based its forecast on tin at $23,000 per ton and tungsten at $260 per mtu, so with tin at circa $33,000 per ton and tungsten at circa $288 per mtu we already have prices well above what was expected and most pundits are saying that with the infrastructure spend across the western world metal prices are going to continue to rise.
Whilst the market has dropped the price this morning it’s interesting to note that so far there have only been buys.
8.19
Masterman has stichED us up so many times over the years, there's few left with pots to pizza in
ps: I'm hoping that FID was based on much lower Tin & Tungsten prices than we're currently experiencing and future expecting ?
From acorns grow oak trees, hopefully..
Versus expectations, I'm happy with this and so did another small top up first thing....
Mrs gmed read the rns and said, "Fine rns - should send the sp down nicely. It's traditional with wres, isn't it?" Haha, I said, but then we saw the opening....
So that is revenues of a little under $2m for the quarter.
W/Sn ratio has fallen back to around 20% from 30% + the previous quarter.
A red start to the day.
In order for this to hit the aim of 880-100t
H1 production is 228t Combined. This means that H2 production needs to be a 300% increase to hit the lower of the 880t estimate for FY. I do not see that happening.
Also factor in that the FID (Based on MUCH lower debt servicing) required more than 750t per quarter to meet plan. This will never happen.
Further cash raises will be required
I think the writing is on the wall.
All IMHO of course
All-nighter i am pleasantly surprised by the Q2 results, they were as expected higher than the Q1 results, but the tungsten production was the highest in any quarter so far despite a two week shut down, and combined production was only a little below Q4 2020.
We are finally on our way.
All very encouraging!
Production Guidance
The Company continues to expect that total annual production will be between 880t and 1,000t of concentrate for the twelve months ending 31 December 2021.
Employees
The number of staff employed at La Parrilla mine as at 30 June 2021 was 90 compared to 82 as at 31 March. This number is slightly lower than the guidance given in the Q1 update but recruitment of additional staff is ongoing.
Michael Masterman, Chairman of W Resources, commented: "Whilst we faced further challenges due to the impact of having to build a 500,000m3 dam, we were pleased to complete the dewatering of the open pit on 24 June 2021 enabling us to safely regain access to the higher-grade ore. The impact of lack of access to the higher-grade ore was somewhat mitigated with our tungsten recovery rates increasing from 32% to 47% enabling us to produce a record amount of tungsten concentrate in the quarter.
"We are now highly encouraged that we are making tangible progress having achieved our highest monthly production of concentrate in June 2021, notwithstanding this was in a three-week period. Looking ahead we now have access to a better quality and a better grade of ore which should see our production numbers increase towards our T2 target".