Member Info for GETINTHERE

My guess is that the flooded area is going to take longer than initially expected to be drained, I think someone on here suggested we could just pump the water into the nearby canal, but my guess is that may not be possible or might require authority to do so, due to wildlife considerations and or water authority issues. Who knows !

Safety

It’s spring, I suspect their midges ;-)

Dreamy

I think Safety’s comments are correct.

We all know that we are massively behind where we expected to be, but I’m a pragmatist, we are where we are, and we can and I am sure we will, in time, succeed.

Troajan

I said last year that the very earliest we could hope to get to producing enough for break even would be Q2 and far more likely Q3 or Q4 mate, of course at the time I had no idea that the rainfall in February would be of biblical proportions !

So, given the circumstances, I agree that the very earliest we can reasonably expect to see production at break even levels is now Q3 and it could be as late as Q4 or even Q1 next year.

I would be very happy if we were able to get there sooner, but the only way that seems possible is if Regua comes online very soon.

Tungsten crept up again today in China and tin is at $28,400 per ton.

We just need to produce and sell enough to get to the point where we break even and subsequently to making a profit.

The non invested derampers will say it won’t happen, the moaners will say it isn’t happening and it’s all the CEOs fault, and the investors who believe, that no one could have expected the extraordinary level of rainfall that has caused such serious problems at the mine, will continue to believe that WRES will succeed.

I wish all genuine investors a great day ;-)

Let’s hope that we can produce enough and sell it at a high enough price to firstly get to break even and then on to profitability ;-)

Rumours of WRES’s demise are greatly exaggerated !

OMR

No uncrossing trade today mate just a lot more buys than sells, maybe there’s an RNS out tomorrow, it’s happened before when, such as today, the derampers have failed to post anything the day before.

Safety

Tin is $28,093 that’s 47.8% higher than the average on the fid and tungsten is up a couple of dollars in China, which makes it $6 above the price shown in the Shard investment case document, i can’t get the European / Amsterdam price at the moment.

MIB

I understand your frustration I’ve been here longer than you and with a much larger investment.

You chose to invest as did I, you choose to moan about the CEO and the company, I do not, you now seem to believe that the company will not succeed, whereas I still have every faith that it will succeed.

There is one thing that I am sure that we do agree on though, we both want WRES to succeed, as do many, many other investors, the ones who want it to fail aren’t invested here and are now filtered by me, and several other true investors.

I hope you make a lot of money from your WRES shares and I hope I do too ;-)

Let’s hope that the worst is behind us and that WRES will now start to improve its production significantly and that the SP will follow suit.

Mullins

Where did you get the Shard 23p target from mate ?

Good morning Trumpton,

There are a lot of long term holders still here mate, all waiting patiently for the tide to turn ;-)

It’s certainly been running out for a Blimmin long time !

Last year it was the 1st of June

If you read it, it actually says “Active, not recruiting” in other words the trial is full and is active as at 23-3-21

Wilbury

At last some common sense - post recommended

Dreamy

I luv ya too mate.

I’m not happy about the RNS it was awful.

The daily and weekly figures I posted were simply what we would need to produce, IF, we are to meet the 880 - 1000 tons 2021 production that MM has stated in today’s RNS - only time will tell if we actually manage those figures, or, wether WRES fails yet again.

With the amount of money I have invested and the massive amount, that I am at this time down, I won’t be selling, because if for once we do achieve what has been stated the SP will recover, how much, who knows.

Good luck mate we both, along with many other genuine investors here, need it.

Tenners

5 day working for Q2 and Q3 then 7 day working for Q4.

That’s 26 weeks x 5 days = 130 days
And
That’s 13 weeks x 7 days = 91 days

A total of 221 working days

So, if we produce 880 tons for the year minus the 63.5 tons we have produced in Q1 that’s 816.5 tons divided by 221 days = 3.7 tons per day as an average, so on a 5 day week an average of 18.5 tons per week and on a 7 day week an average of 25.9 tons per week.

If production is 1000 tons for the year then it works out at an average of 21.2 tons a week on a 5 day week and 29.68 tons on a 7 day week.

There is no dressing up the bad news that we have had regarding the Q1 production figures today, they were worse than poor.

However, IF, we are now producing circa 18.5 tons of tungsten per week, (that’s the lower end I.e. 880 tons of tungsten for the year) we are finally on our way towards firstly breaking even and then at long long last profitability.

I am far to far underwater to sell up at these prices and in any case if the forward thinking statement regarding full year production of 880 - 1000 tons is correct the SP will recover.

OMR

My ten years will be up later in the year, by which time I’m fully expecting to have at least got to break even and hopefully to have doubled my investment mate ;-)

Tonlin

My Mrs has been fully supportive, but she has insisted that the holiday money is sacrosanct and believe me it’s not worth incurring her wrath, I’m brave, but I’m not that brave ;-)

Gmed

Not this time, the stars are all aligning, I’ve seen it in the tea leafs ;-)