Whilst on a macro level covid, globally, was bad for all, you are right that the impact wasn’t as severe for every mining business. It would undoubtedly have knocked us a bit off course, if everything else was ok, but we had far bigger problems last year than covid, and covid was used as an excuse to avoid focusing on the other failures. Put it another way, even without covid, they would have mined in the wrong area, the machinery would have failed to perform correctly and the management on ground still would not have been of the required standard (hence new people coming) and....MM, with his trusty screw driver and shovel, would not have made a difference. Pls don’t get me wrong, the impact on logistics was real and the critical safety procedures worked very well and were essential as well as it being difficult for MM to manage remotely but let’s not hide behind covid when the elephants in the room were once again being let down by vendors and digging in the wrong place....
Whilst covid clearly did have some impact in respect of transport and processes at the plant I think it would be wrong to attribute too much of our problems to it. We had a dodgy piece of kit, they mined in an area which wasn’t planned in the FId and the due diligence had no5 been done properly on it so what came out was substandard. There was clearly a deficiency in the quality of management, hence bringing in Pablo and the other guy last year. Whatever I feel about MM and his communication skills, him trying to manage LP from Australia also didn’t help, hence Pablo taking charge. We unfortunately have another 7 weeks to wait to see if q1 has been a repetition of Q4, I wouldn’t wish to bet either way. Still not holding breath on the grant front.
Sounds like a cunning plan and as MM reminds me of Baldrick in later seasons I thing it’s appropriate...don’t announce anything till q1 results so price remains below .1p then great news and sp goes up to .12p so more expensive for Atlas...
Apologies for going off topic and hope am not reported but this article about covid continues to reinforce the need to abide by the rules and get vaccinated when offered the opportunity. From the guardian “ The findings are based on data from the ONS and general practitioners in England. A total of 47,780 individuals who had a hospital episode between 1 January 2020 and 31 August 2020 with a primary diagnosis of Covid-19 were compared with a control group who did not have Covid-19.
Of the 47,780, 29.4% were readmitted within 140 days of discharge and 12.3% died. The rate of readmission was 3.5 times greater, and the death rate seven times higher, than those in the control group, the researchers found.” now that was up till end of August last year and the treatment provided may mean that the numbers go down but the new strains may have had the opposite effect. Either way pls stay safe, even if I don’t share your views on the management of Wres I would want you to be safe.
I find GIT to be optimistic and I don’t think that is a crime...annoying sometimes yes...but not a crime.hope he is ok because he comes across as a decent chap.
Absolutely agree, given he is the biggest investor, for the moment as he is diluting at such a rate that it can’t be guaranteed, you would think he would have an inventive to get some positive PR and spin going...which makes the radio silence even more worrying.
Immediate reaction is resignation to a death by a thousand cuts but feel sorry for those who bought all those shares yesterday, unless they were sales showing as buys. No doubt he cheerleaders will have a good spin on it. But let’s see how the day plays out, it sometimes reverses itself during the day and we will be back to the dizzy heights of .95
I honestly don’t know if they are going well or badly, just find it strange that they would not wish to share accomplishments or even something to indicate the lights are on. We had a successful September yet oct and November were duds, fear is history repeating itself. According to Golf, Justine replied to him Weeks ago saying that Wres had been notified about the reasonable request for proof of life....
Seawolf, I couldn’t agree more, but alas there are those in here who dare not make these observations or send messages to Justine or Wres to register their reasonable views. I have done so and would encourage everyone to as it is amateurish that they are unable to take a little time to engage with shareholders, other than an RNS to say they diluting or borrowing more a quarterly result. I know they have Twitter and LinkedIn and know how to use it. But the fact they don’t does reasonably raise concern. Justine is literally being paid to do this!
The other issue we have is that, even if we see the green shoots of recovery from q1 and it does take the sp above .1p, I suspect it will quickly be trampled on buy sales from Atlas and the vendors scrambling to get some money back... it just beggars belief, if things are going well with the production, that they can’t be bothered to share the good news with us through an interview, Twitter, a picture. In this case I feel no news doesn’t correspond to good news. But as you said, let’s wait till we get the q1 results before any lynching occurs.
I fear that I share your concerns, put it another way, we came out of Q3 2019 being told that sept was a really good month and to expect Q4 to be great compared to Q3, even end of Nov 2019 they said everything was good. We then find out that Oct and nov we had problems and December was when they fixed the new problems found in Oct and November, so you can understand my concern that history may well repeat itself. Though to be fair, after the misleading November Rns I doubt I would trust them if they put out a similar one now for q1. We said it countless times, don’t believe their words, believe the figures. So I sincerely hope that we will have three consecutive months of uninterrupted production leading to far better numbers than the last quarter....the rest is BS.
We must have saved a fortune now MM not able to fly across first class to Spain lol (before anyone takes it seriously, I don’t know if he flies first class or business but would be surprised if he flew cattle class lol)
Well actually good news is better than no news....but i agree that no further draw downs will be a pleasant surprise.
Seawolf, couldn’t agree more but there will be some, who shall remain pointless, who will take offense at anyone attacking their illustrious leader....
Closer to 80% but I think you should seriously consider a job as a counsellor in a hospice...be patient and wait would be your motto...lol
I jest and agree, unfortunately, the relationship with the market is so bad that whilst talk from MM maybe comforting (and I will take that over silence and it may stop the downward trend) the reality is people want substantive news to want to buy into this and hope that it isnt over powered by all those shares being held by vendors and Atlas. We are half way through the quarter, silence makes many suspicious that something else has gone wrong.
Many thanks OMR, my apologies if I was panicking anyone
A few of days late for St valentines massacre....
Seeing as it’s Tuesday and no RNS shall we resume inhaling and exhaling for another 7 days.
No idea who it’s aimed at, I have no issue with his optimism, as for troj, I took him off my filter at the start of the year because I thought it was a new year and he may have changed. He hasn’t and I don’t have time for his messages as his charts have not been relevant in the least to where this company is now and his attitude is just nasty.
If only we were a fully producing tin company with tungsten nuisance. Don’t get me wrong, rather it be going up than down, but at the amounts we producing I am not holding my breath that it will be our savior. We don’t know what they are doing in Regua, but if that was to miraculously produce, then we will be in a better position.