Member Info for GETINTHERE

32% of the country aren’t going to vote for Corbyn they are going to vote for labour

What I can’t understand is how 42% say they are going to vote Tory with the proven liar that currently leads them, that beggars belief !

This is a man who is to frightened to be interviewed by Andrew Neal the same as all of the other party leaders ! And why because he is not capable of not putting his foot in his mouth !

Mogwhy

I hadn’t seen your response to Kev when I posted mate, but yes that makes sense.

Kev

Until 24 hour production commenced, it is clear the case that our costs are way below what mogwhy suggested, in fact MM has stated that we are currently pretty close to $100 per mtu, this makes sense because on one shift, as we are at the moment, as opposed to three shifts per day in a 24 hour operation virtually all of our opex costs are massively less, e.g. staff costs, trucking costs, utility costs etc.

Once we go to 24 hour operation then obviously our costs will increase, and I think that’s what mogwhy was alluding too.

Rodrod

It’s just a matter of time before WRES is in profit and the shareholders are rewarded for their patience.

With tungsten and tin pumping out 24 hours a day very shortly there is no way that the SP will be anywhere near the current level.

Mogwhy

Ok, can you please then post your calculations ? I would love to see how the derampers and trolls have underestimated their figures

Andy

I have no idea why you would think that the $700,000 per month, as widely bandied around by the trolls and derampers, would not include the production costs ! Of course they do, trolls and derampers are not stupid enough to miss off a major part of the cost when quoting figures that are clearly designed to make potential investors worry that the company won’t succeed !

Although no doubt they will try and now argue that it’s more then $700,000 a month because as I have shown 40 tons per month of tungsten sales covers all of our costs and that fact definitely does not fit their narrative.

Kev

Yes agreed I purposely only used 80% the other 10 tons plus the tin of course, if all sold each month will put us into profit.

Of course the usual derampers and trolls will try to argue otherwise but that’s just because they have a vested interest in seeing the SP T a low level at the moment.

I posted this a while ago and think that the figures are pretty close to what we require:-

The derampers and trolls state that the company needs 700k per month, I have checked and to be fair I think that figure is pretty close.

So, how much do we need to produce in order to cover those outgoings ? Well by my calculations if we produce 50 tons per month and sell 80% of that to our two off takers that’s 40 tons per month, at 1000kg per ton that’s 40,000kg which given that an MTU is 10kg gives us 4,000 MTU per month, the current APT price is $225 - $245 per MTU, and I believe we receive 80% of the APT price, so, if we presume a $225 price 80% of that is $180 per MTU, which X by 4000 gives us an income from sales of $720,000 per month, which covers all of our outgoings.

Of course on top of this we are producing tin, so it seems to me that at 50 tons we will make a small profit.

Of course WRES at full production, for la Parilla alone, is set to be 200 tons a month which is 4 X the amount I have used above.

Langtro

As I recall the administrators sold some of the kit to WRES mate, so they will need to do more than re-engineering.

L200

The mine at drake lands will take ages to produce any meaningful amount of tungsten because the equipment on site is not suitable for the clay heavy soil that the tungsten is contained within, that is why WLFE went under, and that’s why it will take £40 million and s long time to start production again, because they will have to buy and install different kit.

I hope that alleviates your concerns mate.

Pantaloons

If you think it’s pants then sell, simples !

Kalan

Speak for yourself mate, I don’t need them one little bit !

I am more than aware of the situation and the facts I simply choose to take a positive view and I don’t need people who have deramped at every given opportunity to tell me anything.

STV

It’s like Custer’s last stand for our resident troll mate, he knows he can’t win but just can’t accept it, one minute he says he doesn’t hold shares, then he says he and two others have bought £100 between them, then he says he holds £100 worth and then he says he’s not invested ! Whilst continuing day in and day out to post anything that he can think of that is negative.

None of the long term investors here are going to either take any notice of his ramblings or sell their shares, he’s wasting his time, but he still does it because he obviously is trying to deter new investors in order to try and keep the SP down, which in the fullness of time will be seen to be total and utter futility.

I’ve unfiltered him so I can read his ramblings, and also to see how he reacts when the SP takes off, my guess would be that rather than apologise he will run off and simply stop posting, either way it will be great for the board.

Best read this quick, because even though I haven’t written anything in breach of the LSE policies, I have little doubt that he will report this post and try to get me banned or suspended like troajan.

Andy

Clearly you missed this part of the RNS:-

“The Company is in the process of negotiating additional facilities and further announcements will be made in due course“

With the £360,000 (€400,000) that’s circa €900,000 raised so far with more in the pipeline and MM still to buy more shares at 0.5p

We really are getting closer and closer to a serious rerate here, with the finance in place to ensure that the ramp up to full production is funded, all that’s needed now is confirmation of sales to our two offtakers and people will start to realise just what a great investment opportunity this is.

Another step closer with s large Spanish bank providing 0.5 million euros

This is becoming a joke, one individual who clearly isn’t wanted, isn’t liked and who posts nothing but negativity, somehow seems able to disrupt the board by having posts removed each and every day !

Langtro

There is something very odd going on here, many many posts have been removed over the last few days but I don’t understand why.

I think that maybe the site has changed and possibly whenever someone reports a pos it is taken down automatically.

As you say, quite a few of troajans posts are still on the site, though I believe other posts he made have been removed mate.

Safety

Someone posted earlier that he had been banned / suspended, I know that a lot of his posts, my posts, and certain other people’s posts have been removed over the last few days and can only presume that an individual has been reporting lots of people’s posts on here because he / she doesn’t like them.

Given that most posters on here are positive it’s difficult to imagine that anyone who holds shares and who is a positive poster would be reporting positive posts.

2cv

It is clearly impossible for a troll to do that.