RE: w r e s2 Feb 2021 13:24
Ignore the naysayers / trolls, WRES will come good, even if we get further dilution to see us through until we get the production levels that we need, as I said a year or so ago, even if we ended up with 10 billion shares in issue, providing we hit our production targets we will still make a lot of money.
I’m still sitting waiting, tin is at a very good price, tungsten is at last starting to move in the right direction, production is improving, we’ve moved to 5/24, and will move to 7/24 from April, we have been assured that we will get the grant money, blackrock are still backing us, sure things could be better but they could also be a lot worse !
I’m expecting a significant improvement in Q1 we should get 25% uplift from moving to 5/24 from 4/24, and hopefully a further 25% uplift in production from the latest improvements they have and are making to the plant, do 150 tons of tungsten production and with a bit of luck 40-50 tons of tin production.
Once we move to 7/24 at the start of Q2 I would hope that we will increase production a lot more.
If, they can get Regua up and running by the start of Q2 then the Q2 results could see us finally reaching break even.