Member Info for GETINTHERE

Mogwhy

Thanks for posting that information.

It’s great to see that the 30, 60, 90, 180, and 360 day prices are as you say all now positive and if as I suspect and as many professionals gave forecast, this trend continues upwards, WRES will go from strength to strength as our ramp up to full production takes place.

Onwards and upwards.

Jange

I believe that the copper projects have gone mate, but the three tungsten and tin and the gold projects are all slowly but surely heading in the right direction.

This has taken longer than most of us had thought and expected, and there have been delays and disappointments along the way, but, WRES will come good in the end and those investors who have held will reap the rewards.

Jange

I’m sorry to hear that you’ve not been well and I wish you a full recovery and a long happy and healthy life.

I agree with your sentiments regarding all of the genuine people who post on here and you are quite right in saying that some people have their reasons for selling, which is of course absolutely fine, and your right to say that life is too short.

The only people posting on here that I cannot abide are those who’s motives are clearly to get others to lose money and those who revel in other people’s distress, they, to me at least, are not worth the time of day, hence why I filter them mate.

Lesson 7: Bashers play on your lack of patience. You have held a stock for a while. You knew it will be a big stock someday, but the BASHER CAN GET TO YOU BECAUSE YOU ARE TIRED OF WAITING FOR YOUR GAIN. That's when the Basher is best. You are tired. You have forgotten the goal for the stock was to hold it for one year. The Basher is bothersome, so you dump it on a bad day. Some others also dump. Then you get mad for your loss and return to let everyone know how mad you are. Then you turn into a semi-Basher as well. THE BASHER HAS WON, AND GAINED A NEW ALLY - YOU!

Safety

Tomorrow is another day mate and each day brings us closer to ramping up our production level and gaining a more realistic Value here

Muvver

He’s older than methuselah is safety the trouble is I am feeling more and more that I’m close behind him!

3 green boxes all in a line

I do love my filter

Good luck to all those who hold shares here

When this comes good I won’t be buying an Aston Martin

I may consider a Bentley

Kev

True I missed that criteria off of my list

2.8 million sold 4.8 million bought that’s barely 0.1% of the shares in issue because very few holders are going to be selling at these levels with production on the cusp of the cusp of the cusp of cuspness!

Attila

I filter people only after they have proven themselves to post things that are either disingenuous, untrue, nasty, insulting or obviously designed to cause distress to other posters.

I still haven’t filtered you because I don’t have any problem with anyone who posts their honest views even if I vehemently at times disagree with them.

https://smallcaps.com.au/china-molybdenum-fanya-apt-buy-up-stabilises-tungsten-market/

Cookie

Yet more green boxes have appeared, with the now very regular message telling me the post has been filtered - it’s great I don’t have to read any more carp - hoorah

Kev / troajan

And they bit the dust there just as they will do here

Onwards and upwards

Troajan

The derampers and trolls will not listen, they simply ignore any facts that do not suit there agenda and carry on posting carp, hence why I have them all filtered, if everyone filtered them they would soon go away mate, but if you want to carry on batting away their carp the carry on enjoying yourself mate.

I’ve just checked back through yesterday’s posts and I have loads of little green boxes telling me that messages have been filtered.

Clearly the derampers and trolls believe that we are close to the bottom and are giving there all in trying to drive down sentiment and thereby the SP before things turn upwards.

Mogwhy

Ok mate so if we average 125 tpm at $168 (80% of $210) then we break even, so by my calculations if we manage 50tpm average for Oct-Dec, 100tpm Jan- Mar, 150tpm April-June and 200tpm July-September the average for the first 12months will be 125tpm and we will be absolutely fine.

Of course if the APT price goes back up as is forecast by many then we will not just be fine we will be laughing all the way to the bank.

What’s not to like, onwards and upwards from here on in.

The FID states that in year 1 our production costs are $110 per month, so given that we receive 80% of the APT price then we need APT to be at $137.50 per mtu as a minimum in order to cover our costs, and every dollar we receive above $110 per mtu is profit

If tungsten remains at $210 per mtu, then at 80% we will receive $168 per mtu.

If we produce 50 tpm our income will be 50 x 100 = 5000 mtu x $168 = $840,000 per month

So at various production levels our income per month will be :-

75 tpm = $1,260,000
100 tpm = $1,680,000
125 tpm = $2,100,000
150 tpm = $2,520,000
175 tpm = $2,940,000
200 tpm = $3,360,000

So, in my opinion, given the above, and given that by far the majority of shares are held by long term holders most of which will have an average well above the current SP, the only way that any large investors will be able to obtain a sizeable holding in WRES is to pay a premium, either by partaking in the placing that MM has informed us is likely to happen at 0.50, or, by trying to buy in the open market, which is likely to result in them paying considerably more than 0.50, additionally of course partaking in the placing provides the cash that is obviously required to see us through the next few months whilst production is being ramped up and will allow us to pay the black rock interest that is due in November rather than rolling it over again, hence why I think that the major investors will partake in the placing and pay the 0.50

Troajan

I take that he is still spouting carp ! Taliking of which I’m off fishing for the day, have a good weekend mate it’s just a matter of time before this turns back upwards.

The total amount of shares traded today amount to less than 0.185% of the shares in issue, but we dropped again, so what as I’ve said before the SP is purely determined by the Market makers deciding on a level at which they believe they can generate some trades, it does not mean that UFC’s you multiply the SP by the shares in issue that, that is what the company is worth.

By far the majority of shares are held by individuals and entities that know the true value of WRES and that will therefore never sell at anywhere near these prices, and that’s why the volumes are so low, not just today but every day and volumes will remain low until there is some news.

Onwards and upwards soon here we just all need to chill out and wait.