Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Mullins
$37,499 per ton against the Shard forecast of $23,000 per ton, that’s 63% higher than expected ;-)
WRES have to publish our interim report by the end of September, last year it was on the 30th of September.
As the report is about the entire company, not just La Parilla, I’m sure we will get an update on what if anything is happening regarding obtaining our full mining licences for Regua and Sao Marthino, let’s hope that there is some good news so that we can look forward to seeing production from Regua within the next few months.
I’m signing off till Monday, so won’t be adding any more guesses on the Q3 production
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
Updated 13.44 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
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
Kev
Just got back from my daily 5 miles so only just read your post, but yes over $2 million definitely looks better.
I erred on the side of caution with my figures so as not to give the negative ninnies any ammunition.
I believe that at long long last we are moving in the right direction, with improving production, increased metal prices, and hopefully in the next 6 months or so the ability to refinance, we should see a significant improvement in the SP, and if as I suspect we get our Portuguese mining licence/S sorted out and are able to recommence mining at Regua, things will really start to look good.
I certainly won’t be selling any of my shares.
IF, for arguments sake, we produced 80 tons of tungsten and 20 tons of tin in September, what would our income be?
I reckon :-
Tungsten 80 tons x 300 per mtu = $2,400,000 x .80 (as per off take agreements) = $1,920,000 x 65% (purity) = $1,248,000
Tin 20 tons x $33,000 per ton = $660,000
So hopefully a total amount of $1,908,000
Updated 9.45am 24-9-21
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Discopablo 305 tons
Bb2 286 tons
Aquarius 275 tons
Getinthere 265 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
Jaffaman
Q3 results are likely in the 2nd or 3rd week of October mate, I would guess in week commencing the 11th of October.
Updated 9.22am 24-9-21
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Discopablo 305 tons
Aquarius 275 tons
Getinthere 265 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
We have had 15 guesses on what our Q3 production might be with an average of 232.1 tons combined.
If we achieve the average I will be happy as that would mean that we had produced over 100 tons in September ;-)
Mullins 350 tons
Sleeven 325 tons
78rpm 320 tons
Discopablo 305 tons
Aquarius 275 tons
Getinthere 265 tons
Troajan 255 tons
Amitshah 255 tons
Safetyman 250 tons
Sammymac 240 tons
Wasp 230 tons
Bermudarun 220 tons
Nicetomichu 200 tons
Rodrod 185 tons
Oldmothereilly 166.5 tons
Big Evi
There’s no such thing as a decent troll !
MIB
Have you sold up yet to buy back at 5p ?
Have you accepted yet that you are the one who decided to invest your money here - not Michael ?
One of my guesses has been correct, it’s goodbye to atlas ;-)
I’m hoping that from this point onwards my future guesses will be correct as well.
If it was a sell then that would certainly explain why the SP has dropped, and my guess would be that if it was a sell it was probably from atlas.
I suppose it’s not beyond the realms of possibility that they might have notified Wres of converting the last £50k and have been pre selling them.
Oh well time will tell.
Kev
No mate I hadn’t seen it (I have now) that’s quite a big buy, I wonder if it’s one of the directors or if it’s simply a HNW individual or an institutional investor, we may find out tomorrow ;-)
Kev
Come on mate, that was an awe inspiring comment, he clearly meant that if no one believed in the company and everyone sold up that the share price would drop, his insight is amazing, none of us would have realised that without his input ;-)
MIB
If you seriously believe that 5p will happen then you would be crazy not to sell all your shares now and buy them back at 5p.
Your constant moaning and complaining and blaming Michael for what at the end of the day, where your investment decisions is very tiresome, you need to own your decisions, no one twisted your arm up your back and made you invest here, you decided to do it, the same as me, the only difference is that I don’t blame everyone and anyone else for my decisions, I accept that it was my choice to invest and it’s my choice to stay invested.
$36,332 per ton
That’s 57.96% higher than expected in the Shard report ;-)
Kev
3 green boxes got deleted as well as your post, obviously I don’t know what was in them, but if they were on the same thread and contained, as they often do, nastiness and or misinformation, its possible that someone reported one of those and yours got removed as part of the thread.
Some of these posters are really tedious as well as nasty, but often perfectly reasonable posts get removed as well.