Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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 ;-)
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 ;-)
It’s more than 58% above the average expected by Shard ;-)
And
Tungsten is still above the $300 per mtu Shard expected level ;-)
The highest guess is 350 tons and the lowest guess is 166.5 tons the average of those two guesses is 258.25 tons - and I would be happy with that production figure.
If I add up all of the 23 guesses it totals 5971, and the average is 259.60 tons - and I would be happy with that production figure as well ;-)
Mind you I’m still sticking with my 265 tons guess ;-)
Last Updated 11.48 6-10-21
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Mrhappy 315 tons
Discopablo 305 tons
Bristolcupid 299.8 tons
Bb2 286 tons
Aquarius 275 tons
Getinthere 265 tons
Gw123 260 tons
Troajan 255 tons
Amitshah 255 tons
Kayakcurl 253.7 tons
Safetyman 250 tons
Tonlin 245 tons
Sammymac 240 tons
Superflymofo 235 tons
Wasp 230 tons
Nicetomichu 225 tons
Bermudarun 220 tons
Jaffaman 210 tons
Rodrod 185 tons
Oldmothereilly 166.5 tons
Yes
OMR
You are not wrong mate !
Kayakcurl
I’ve put you in for 253.7 tons, that’s 110 for September plus the 143.7 tons that we know we produced in July and August.
Last Updated 19.47 4-10-21
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Mrhappy 315 tons
Discopablo 305 tons
Bristolcupid 299.8 tons
Bb2 286 tons
Aquarius 275 tons
Getinthere 265 tons
Gw123 260 tons
Troajan 255 tons
Amitshah 255 tons
Kayakcurl 253.7 tons
Safetyman 250 tons
Tonlin 245 tons
Sammymac 240 tons
Superflymofo 235 tons
Wasp 230 tons
Bermudarun 220 tons
Jaffaman 210 tons
Nicetomichu 200 tons
Rodrod 185 tons
Oldmothereilly 166.5 tons
Kayakcurl
I’ve dealt with guesses for the quarter mate I’m not doing them for September alone as well.
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 ;-)
Safety
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 ;-)
Those timed between 9 and 10am, and then look at the mid market price at the time of each trade, it’s obvious that most if not all of them were buys, despite being shown in red on here as sells.
A bit of interest in advance of the Q3 results.
Sleeven
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.
Last Updated 16.36 24-9-21
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Mrhappy 315 tons
Discopablo 305 tons
Bristolcupid 299.8 tons
Bb2 286 tons
Aquarius 275 tons
Getinthere 265 tons
Gw123 260 tons
Troajan 255 tons
Amitshah 255 tons
Safetyman 250 tons
Tonlin 245 tons
Sammymac 240 tons
Superflymofo 235 tons
Wasp 230 tons
Bermudarun 220 tons
Jaffaman 210 tons
Nicetomichu 200 tons
Rodrod 185 tons
Oldmothereilly 166.5 tons
Troajan
Whilst I hope that we achieve more, I will be happy if we have managed circa 100 tons combined in September, because we didn’t move to 7 day working until the 7th, and many of the staff were new and therefore despite training still inexperienced, and they wouldn’t now how to deal with issues, such as breakdowns and blockages etc as well as the staff we have had from the start of production.
I’m hoping for Q3 figures of 265 tons, but will be happy with 240 tons.
Not long to wait now I expect we will know next week ;-)
I wish you all a great weekend.
There were previous posters prior to atlas, back when we had CLN’s from a different lender, the latest manifestations tied in pretty much with Atlas.
They new a lot more than most posters on here, more than they should have done, they even got the nominal share value correct.
2phevs
Now that atlas have gone, the posters who have for years responded negatively to every positive post appear to have cleared off, it’s almost as though there were some connection, who knows.
We are now left with one poster who spends all his time moaning about the CEO, but remains invested and has brought down his average by buying more, MIB: one poster who openly states that he has lost a fortune on other companies, and spends all of his time, despite not being invested here, telling everyone that the company is doomed, despite on at least three occasions stating that he wasn’t posting here anymore, Jaf1948: and one who was invested but who sold ages ago but spends all his time running down the company, L200.
I have all 3 of the above posters, along with the ones who recently, since atlas, have cleared off, filtered, but, I doubt that any of them can tell you why WRES is currently a bad investment.
This is the start of the recovery and the journey to profitability.
Mullins
Agreed mate, past performance has no bearing upon future performance, we’ve had more than our share of bad luck, such as the flooding, and errors such as the steel issue, however things are now provably moving in the right direction, and the true investors here will eventually be rewarded for their patience.
Kev
Much as I expected as well, but the news that we are looking to apply for a licence in another area close to Sao Marthino was unexpected, and very interesting ;-)