Member Info for GETINTHERE

Bermudarun

Discopablo

You are correct, all of the large banks that allow customers nominee accounts are shown as the shareholders.

Is $35,427

The cash price today was $36,109

Both figures from the London Metal Exchange

Bermudarun

Is that the Amsterdam price mate ?

“The best quarter yet for WRES at La Parrilla which comes despite a 10-day shut down. The plant is starting to prove its mettle just in time for WRES to access higher-grade ore and stride towards the T2 run-rate. With the majority of onerous remedial work complete, there now remains little impediment to La Parrilla pushing ahead to full nameplate production.“

Rodrod

That’s certainly possible mate, time will tell.

It would be great if the Portuguese got their finger out and issued us with the full licence for Regua so that we can recommence mining, that would be wonderful news ;-)

Mullins

They said that they would report in October for the quarter, so I’m not expecting a report before then mate.

Thanks for the link Mullins

Shard continue to be very cautious, which is probably not a bad thing, but they have presumed tungsten recovery at 50% for Q3 when we already know that it was 56% in July, so hopefully the recovery rate will beat their forecast.

They have forecast 150 tons of tungsten and approx 55 tons of tin for Q3, which again seems cautious but if achieved will keep us on target.

And they forecast approx 340 tons of tungsten and 100 tons of tin for Q4, which if achieved is very close to the 150 tons per month that many of us believe to be the key to the company being in profit and as a result being in a strong position to be able to refinance.

205 tons in Q3 at circa $12,500 per ton would give us revenue of $2,562,500

440 tons in Q4 at circa $12,500 per ton would give us revenue of $5,500,000

It seems to me that we are at long, long, last, finally and really on our way to profitability ;-)

Troajan

If things go to plan (for once) We will get there before the end of the year mate ;-)

And I will be very happy ;-) ;-) ;-)

Stevebt

If, and if is a big word, we hit the Shard forecast for next year, I will make a sizeable amount of money, and you will make percentage wise an awful lot more.

Time will tell ;-)

Extremadura is currently 41 degrees due to rise to 42 in an hour our so.

Tomorrow is forecast to be 38 degrees.

Stevebt

EBITDA is, earnings, before, interest, tax, depreciation and amortisation.

If and when the ROM doubles, which I believe it will once we are working 24/7, then our production of concentrate will increase, hopefully by more than double, as we will be working on a higher proportion of the high grade ore in the mixture of low, medium and high grade that we feed through the plant.

If you read back through the RNS’s it tells you how many staff we have now and how many we will have when fully recruited for 24/7, the latter figure is 130, but we already had 90 staff as at 30th June, so our staff costs will not double, and neither will the rest of our opex.

Shard forecast earnings of $12 million this year, and we are on track to meet that forecast, next year they forecast $34 million, that’s over £24 million and if, as I expect us to do, we reach that forecast (which by the way is for la parilla alone) we will not have a market cap of £9 million - the average metals mining Price to Earnings ratio is approx 10, so if we only achieved half of that then 5 x £24 = £120 million and with 116 million shares in issue that’s a lot per share compared to the current 7.25p

EBITDA

Earnings Before Interest Taxation Depreciation and Amortisation

Troajan

I presume he’s been at it again ! He won’t like you pointing out facts mate he only deals in negative fiction.

WRES is now firmly on its way up.

In Q1 we produced 92.9 tons combined an average of 30.97 tons per month

In Q2 we produced 130.2 tons combined an average of 43.4 tons per month

In July we produced 68.1 tons combined

July’s production was 119.9% higher than the average in Q1 and was 56.9% higher than the average in Q2

So, whilst we are no where near where we need to be as yet, we are definitely now heading in the right direction, and I’m sure we will see further increases in production and a significant step change when we move to 7 day working.

I wish I was buying my considerable holding of shares now, but I still expect to be back in profit within 6 months to a year ;-)

43 degrees today but cooling a little next week to between 34 and 38 degrees.

At least the dampness left behind from the area we had to pump the flood water from will have dried out ;-)

Jaf1948

If you made some profit well done.

You say time and time again that you’ve left this board, but the simple fact that your posting proves that you haven’t left the board - I will leave it to you to decide what someone who says one thing and does the opposite is doing !

Mullins

Cash price $36,594 forward contract prices are lower, but all are a long way above the Shard forecast:-

https://www.lme.com/en-GB/Metals/Non-ferrous/Tin#tabIndex=0

Dreamy

Q2 was better than Q1, Q3 will be better than Q2 and Q4 will be better than Q3 (I hope) ;-)

It’s going to take some time before I’m back in profit, but I sincerely believe that it will happen within a year or so, and when I’m back in profit you will be too.

Dreamy

Glad your still with us mate, hope you are well (apart from the Michael’s) ;-)