Member Info for GETINTHERE

If, it is normally the case that when a treatment / therapeutic, moves from phase 2 to phase 3 of the Active program, that it is announced - given that it was as I understand it stated that if we were successful we would move seamlessly from phase 2 to 3 ?

In simple terms, could we already be on phase 3 of Active but just not know it ?

$33,460 per ton ;-)

Seawolf

I believe we will know by the end of January next year mate, boom or bust ? My money (and a lot of it) is on boom ;-)

Then no one is going to convince me that WRES can’t hit their production targets ;-)

Mullins

From recollection I believe that we were getting 1 ton of tin for every 3 tons of tungsten, which was well above the original expectations of 1 ton of tin for every 9 tons of tungsten mate.

Of course, when we start producing from the high grade areas we will get a larger amount of tin so the ratio will alter.

Dreamy

Anyone who has a large share holding here and who is massively underwater is bound to be concerned, it would be crazy not to be, but, we are where we are and we will, in my opinion know if we are going to make or lose money on our investments by the end of January when we will know the 2nd, 3rd and 4th quarter results.

To me success is more likely than failure, but time will tell mate, time will tell ;-)

I use the same as Mullins posted mate.

The important thing is that whatever the exact price, that it is massively above the $23,000 used by Shard in their latest report, and that tungsten is also, albeit only by about 5%, above the Shard price.

All WRES have to do now is move swiftly towards full production, something that they should be able to do, given that the plant is functioning much better, that we will soon be working on the high grade ore area, and will be moving to 7 day working from October.

Troajan

Tin is shown as $32,964 per ton on the site I use

Kev

It happens a lot on here mate, I’ve had and other positive posters have had posts that are in no way in breach of the LSE rules deleted without explanation.

And the roses in my garden are spectacular.

Nil desperandum, the futures bright the metal prices remain good and production is increasing.

Good luck to all long term holders - even the ones he moan a lot ;-)

MIB

Moan all you like, it’s clearly your way of venting your frustrations about your decisions, of course all the moaning and groaning and negativity will make no more difference than any positivity.

WRES will either hit, or, at least come close to its production targets by year end, in which case, presuming that the tin and tungsten prices remain at current levels or improve, the SP will be a lot higher and all of us who are under water will breath a sigh of relief, or it won’t, in which case the company may fail. This is something that anyone investing in a start up miner knows ;or should know) can happen - (boom or bust) I still believe it will be boom, eventually !

Dreamy

If you were to ask safety if I have always been tactful I have little doubt that he would laugh mate, and then mention the numerous occasions that I told senior managers and directors exactly what I thought of them and exactly what they could do, whilst pointing out in great detail the relevant statutory provisions that they were in breach of and how I would take pleasure in standing in court and proving it. I would to be fair do that in a proportionate way depending upon the attitude and degree of arrogance that I faced, so maybe I can be tactful - I will leave others to judge ;-)

135,562 shares sold at 7.22p mate at 15.05 then 80,000 shares bought at 8p timed on the stock exchange at 16.18 (but shown on google at 4.35 fir some unknown reason)

Mick

I know the closing price was 7.75 mate I didn’t know that the LSE had stopped recording trades.

Troajan

Google are showing an 80,000 8p trade at 4.35pm but that’s not showing on LSE either

Dreamy

As I said, I am both surprised and disappointed.

I still believe we will get there and I understand the need to hold onto cash whilst we are still in the early days of ramping up to full production, I would far sooner have a smaller slice of something than a larger slice of nothing, (Which is what all shareholders would get if the company went under) but I am disappointed.

The question that was asked was, are you now hoping that you will not have to raise any more cash, and the answer was that they were not expecting to need to raise more cash for T2 - technically of course they haven’t raised more cash (the placing to Michael was already known) they have however issued shares to Atlas in lieu of interest and to a contractor in lieu of payment for their services, but the act of doing this of course still causes further dilution, which after almost 10 years does grate a little.

Tin is approx 42% above the price expected in the Shard report and tungsten is approx 7% above.

Dreamy

They did say no further placings / issue of shares would be needed for T2, so I am both surprised and disappointed.

I won’t give a damn if I get back to my break even level before the end of the year, but every time they issue more shares that becomes less likely :-(

Dreamy

We’ve been on a 5 day week and processing only low to medium grade so I’m not expecting too much, however I am expecting more than Q4 2020, so my guess is somewhere between 120 tons of combined production as a minimum and as much as 240 combined tons as a maximum.

By 31st May ?