Member Info for GETINTHERE

As I see it everything is progressing well, we are very likely to progress to phase 111 of active2 within the very near future, we are going to be applying for EUA soon, we have planned for production and distribution and will be ready to roll out the treatments as soon as we have the EUA.

What’s not to like, patience is the key here, it’s an unfortunate fact that there will be many patients to treat for many years to come, because this pandemic is far from over, when half of the world have seen very few vaccinations, and when 10s of millions of Americans are still refusing the vaccines !

Richard Marsden, CEO of Synairgen, said: "The need for an effective, broad-spectrum antiviral to treat patients hospitalised due to COVID-19 remains urgent. While vaccines have played an important role in reducing many of the risks associated with the SARS-CoV-2 virus, thousands of patients continue to require hospital treatment in the US and Europe every day with acute symptoms from COVID-19. This, coupled with the potential of waning immunity and the emergence of new SARS-CoV-2 variants, highlights the urgent need for additional effective antiviral therapies.

"The Phase III SPRINTER trial of SNG001 is progressing well, with the last patient expected to be enrolled during November. SNG001 is an inhaled, broad-spectrum antiviral interferon beta (IFN-beta) formulation, which is delivered directly to the lower respiratory tract, stimulating the lungs' immune defences, and has an established safety profile. Positive data from this trial would represent a major breakthrough in the battle against COVID-19. To ensure we can get this treatment to patients as quickly as possible, we are preparing to engage the US FDA on a potential application for Emergency Use Authorisation (EUA) and have aligned with partners with COVID-19 expertise for distribution and in-market support."

Gold :-

São Martinho Trial Mining Licence Application

São Martinho currently has a JORC 2012 gold resource of over 110,000oz. Results from the drilling campaigns in 2017 and 2018 provided a solid base to drive extension drilling with the potential for a materially larger resource.

Following the successful drilling programme at São Martinho, the team submitted an application for a trial mine and gold production licence in September 2018. Although the COVID-19 crisis and associated state of emergency in Portugal has further delayed the final approval process, the Company expects the trial mine licence to be granted in due course. The trial mine licence, once granted, will allow W to pursue a drilling programme to expand the resource and resolve the geological interpretations of a flat lying structure (Golder) and a deeply dipping structure (SRK) which have partially arisen due to the combination of structural complexity and multistage mineralising events.

Importantly, a trial mine is a key level of licence tenure and will provide the authority to mine shallow ore and produce gold on a pilot basis. We are actively exploring opportunities to bring in Joint Venture parties and monetise the gold discovery. New expenditure on this project is pending grant of the trial mining licence.

CAA Exploration Licence Application

While the application process for the trial mining licence proceeds, the Company has also applied for a new exploration licence in the Assumar area. This expansive area (267 km2), covering the ground adjacent to the trial mining licence area, has been applied for to include potential extensions of the known mineralised system and new potential areas.

Extract :-

After this enforced period of inactivity due to the pandemic and the passing of new mining legislation in Portugal, the Company is pleased to state that the General Directorate of Energy and Geology ("DGEG") has confirmed that it has presented the documents for the Régua Full Mining Licence (tungsten project) for the approval of the Director General and has indicated that the Company should expect this license to be awarded shortly. Once the full mining licence has been awarded, the Company plans to recommence its mining activities at Régua. The DGEG has confirmed that they have prepared the draft contract for the licence, and this is currently being reviewed by the Director General. The Company, expects to receive the final approval for this licence during Q4 2021. In parallel, the environmental study is being completed and will be submitted during Q4 2021. Its approval will allow the release of the underground mining works authorisation, following the granting of the full mining licence.

The Company looks forward to being able to announce progress with Régua which has an ore grade of 0.28% WO3 , almost three times that of the ore grade at La Parrilla. Production at Régua will increase W's total concentrate production, reduce average costs per tonne and increase sales.

Doc

I don’t know and nor does anyone else outside of the company, what will be disclosed in the RNS tomorrow, but we do know that there will be an RNS tomorrow because the H1 report has to be disclosed to the market via an RNS, and, there may, or, may not, be other news in that, orbin a separate RNS.

Time will tell ;-)

And an RNS with hopefully, not just the H1 report but also an update on where we are and where we hope to be by the end of the year ;-)

Whilst the Q&A session is not until lunchtime tomorrow I will be surprised if we don’t get an RNS with the H1 report at 7am tomorrow. Last year it was published at 7am on 29th September, and publishing it well before the Q&A session will give those partaking the opportunity to read the report and prepare questions.

I think that there’s quite a bit of difference between last years H1 and this years H1 metal prices, and no one can argue that the substantial increases have had anything other than a positive effect, this was last years:-

“Given the severity of the crisis, tungsten prices have been relatively solid and sit at US$215-225, which is 22% down on budget expectations. There have been substantial shutdowns of capacity in China, the world's largest producer of tungsten and as the world economy comes out of the various lockdowns we do expect continued price volatility and a boost in global demand although it is too early to judge the supply/demand balance going into 2021. The rebound in the Chinese economy is expected to provide ongoing support to the market.

Tin prices on the London Metal Exchange are currently trading at US$17,000 per tonne and have strengthened over the last 6 months after an initial COVID-19 driven fall. Tin plays a pivotal role in all modern technology and has a large role to play in the electric vehicle market and the scarcity of supply is expected support a solid and perhaps strengthening market conditions going into 2021.“

Troajan

I will be happy if tungsten remains anywhere above the $300 level expected by Shard, obviously the higher the better, as for tin its currently $36,796.50 that’s 59.98% above forecast, but again anywhere above the Shard $23,000 level expected by Shard will be fine.

The H1 report is not so much important for telling us what we produced in H1, (it was 222.6 tons combined for H1 2021, compared to 171 tons combined for H1 2020) no, what matters is what WRES tell us about how we are doing now, and what is expected over the coming months and next year.

Troajan

I haven’t read their posts for some time mate, the filter button solved the problem that I had with having to regularly read drivel.

Anyway as I said it’s all about production, profitability and refinancing now, let’s look forward to that not backwards towards the nasties, they are an irrelevance.

Troajan

Undoubtedly some were and are clueless, however a couple of them certainly appeared to have information that could only have been known by either someone in the company or who was working for one of the brokers.

It matters not, all that matters now is producing enough to achieve profitability and refinancing.

Kev

On several occasions I have thought that one or more of them had information about the company that was not available to the share holders.

I truly believe that we have seen the bottom and that good news will be forthcoming over the coming days, weeks and months.

I’ve kept the faith here for a very very long time, but I feel that my patience will be rewarded - eventually ;-)

Atlas have now converted the last of their remaining cash into shares, and suddenly the green boxes have massively reduced, it’s almost as though the two things are connected !

Tonlin

Good morning mate I hope you are well.

I had hoped to see substantial profits from my investment here two or three years ago, alas various problems some within the companies control, and some outside of the companies control, have delayed things, but, things are now different, WRES will come good, like you, I hope it’s soon, but I can live with it being a year or two more.

Increasing production, leads to increasing revenue, and increasing revenue will give us the opportunity to refinance and then develop profits.

We will get there mate I’m sure of it.

Sao Marthino has been on hold whilst we are awaiting a mining licence from the Portuguese government.

WRES have to issue a half year / interim report by the end of September, so we may find out more by Thursday.

Kev I’ve been invested here so long that waiting a couple of months or even years longer doesn’t matter much, but I do seriously believe that we have a good chance of hitting $40 million EBITDA next year, and particularly if we get Regua up and running in the next few months.

Time will tell mate.

By my reckoning 214 tons of tungsten per month x 12 = 2568 tons per year and at a $300 gross, which is $156 net per mtu, that would give us a little over $40 million income, plus whatever tin we produce and sell of course ;-)

;-) ;-) ;-)

I will be the first to guess - 2022 ;-)