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To paraphrase Michael believes that production at la parilla will beat design capacity, that September production was good, that October was also good, that the licences for Regua and Sao Marthino were expected shortly and that a strong finish to this year and start to 2022 was expected.
It’s now (well within the next 6 months) or never for WRES, I believe that at long long last our time has come, everything is looking good, the only hiccup I can foresee is the price of the warrants, and therefore the amount, that we will have to issue to blackrock for this years interest payments, but without their backing we would have had to draw down more from Atlas, which would have been far worse !
We will get there eventually, hopefully sooner rather than later now ;-)
I’ve been busy with a chainsaw at my club lake all day08 Oct 2021 17:14
It’s a nice surprise to get home and find that the SP has continued to rise ;-)
What we need now is a good RNS with production levels for Q3 at least at 100 tons for September and therefore at circa 245 plus tons for the quarter and a forward looking statement with expectations that we will get at or close to our nameplate target at least for a few weeks by the end of Q4, and then we should see a sustained rise ;-)
I see that several posts have been removed again07 Oct 2021 10:08
Presumably one of the green box brigade made yet another nasty comment and an entire thread was removed as a result.
Anyway whatever all that matters is increasing production, metal prices remaining above shards expected level, hitting the production target for the year, then achieving nameplate production levels early next year, and then refinancing. If we achieve those things we can expect a massive re rate ;-)
In August we produced 75.6 tons combined04 Oct 2021 13:56
Taking into account that we were on 5 day working, There were 21 working days in August, taking into account that we moved to 7 day working on the 7th of September there were 28 working days in September.
So, in August 21 days = 75.6 tons therefore we could reasonably expect that the 28 days in September would produce a third more which would equal 100.8 tons.
This of course doesn’t take into account on the plus side the fact that not having to shut down and start up again each week will be beneficial, but also doesn’t take into account on the negative side that many of our staff are new and inexperienced, hopefully the two things will have equaled one another out and we will have achieved 100 tons in September ;-)
If I was starting to invest here now I reckon I would make a fortune, but, like you my average is very high, and i suspect it’s going to take a while before I’m back in profit, but I do believe that we will get there, eventually ;-)
I know, the fact of the matter is that we are still ramping up, every part of the production process is being tested and adjusted in order to achieve optimum performance, and many of our staff are new and still learning, so whilst moving to 7 days is a big step and should result in a significant increase, I expect to see an increase in production month on month, if we achieved 100 tons in September then coupled with July and August we will have circa 244 tons for Q3 plus the 222 tons for H1 = 466 tons leaving 414 tons to hit the lower 880 target and 534 tons to hit the upper 1000 tons annual target, but if as I suspect and has been intimated we are looking to exit the year at or close to nameplate production in the final month which is 225 tons, but let’s say a lower figure of 200 tons, (which would put us at 89.9% of nameplate production) then we need 334 tons for October and November combined.
These figures are achievable, not easy but achievable so I won’t be selling any of my shares because of the negative comments of some posters.