Member Info for GETINTHERE

Q4 guesses

GUG 70 and 25
SFLY 90 and 40
KCURL 98 and 58
TRO 98.5 and 41.4
BC 103.75 and 58.5
YBOSS 104.2 and 32.4
OMR 120 and 60
K3 125 and 55
ME 130 and 55
SAFE 184 and 97

Q4 guesses

GUG 70 and 25
SFLY 90 and 40
KCURL 98 and 58
TRO 98.5 and 41.4
BC 103.75 and 58.5
OMR 120 and 60
K3 125 and 55
ME 130 and 55
SAFE 184 and 97

Q4 guesses

GUG 70 and 25
SFLY 90 and 40
TRO 98.5 and 41.4
BC 103.75 and 58.5
OMR 120 and 60
K3 125 and 55
ME 130 and 55
SAFE 184 and 97

Marklee

The total shares traded today are just over a third of 1% of the shares in issue.

Most holders, large and small are sitting patiently waiting for the results.

I don’t think that WRES leaks anywhere near as much as people may think, what usually sparks buying ahead of any announcement that is due is simply speculation, but this time round, no doubt thanks to the recent conversion of shares, by, and further borrowing, from, atlas: buying is somewhat subdued, but of course, as we all know, the only things that really matters here now is wether or not we have significant good news regarding Q4 production, wether we have moved to 5/24, wether the amount of metal we are recovering per ton has increased and crucially when MM believes we are likely to be producing enough tungsten and tin to be able to cover our costs and start to move finally toward profitability.

We will get there H2 should see us with income greater than expenditure and then we can really start to move forward.

One thing is for sure, all of us long term holders need to have some good news, but I firmly believe that we will get some soon.

Mullins

In 2010 there were higher stocks of tin than there are today, and the price of tin doubled from mid Jan 2010 $15,000 to the end of 2010 $30,000, then in the following 6 months it rose to over $34,000 per ton.

I believe that providing that the pandemic is brought under control, that we are at the start of a major rally in metal prices and whilst tin may well lead the way, tungsten will along with most other metals rise on the long awaited bull run that is well overdue.

Tin is now $21495 per ton the 12 month low was $13375.

As golfpro posted last night tungsten is forecast to rise, so, we just need to get production ramped up now and we will finally see income exceed expenditure, that’s not going to happen until H2 but the SP will start to recover before then providing that we see significant increases in production when we get the Q4 2020 and subsequently the Q1 and Q2 2021 results.

Our time will come.

In a few days Biden and the democrats will be in charge in the USA, his approach to the pandemic will be totally different to trumps none sense, and if as we expect the FDA give approval to SNG, the cash will be made available, with control of the house and the senate and with a democratic president things will change, the article below highlights just how much things are going to change:-

https://uk.finance.yahoo.com/news/major-pieces-biden-1-9-220000621.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cubHNlLmNvLnVrL1NoYXJlQ2hhdC5hc3A_U2hhcmVUaWNrZXI9V1JFUyZzaGFyZT1XLVJlc291cmNlcw&guce_referrer_sig=AQAAAIiHFf2qejRm9iGAlHb_YpLOWtkaor_IBGl7GgpXyNcwVS1ecNBKTS6eRNILPUrniDp4hhrDp8cEj8qMl6RfOtcuWk9d_grD3ppStesY_LH5MX_RvAkP1IfneLEqR-gcgIMuUVsoxIS_zjGgwx4VMRKQrVaGfLe2m9T6gqZ77U76

MIB

I agree that things are no where near where they should be and need to be, however what you want to happen in one RNS is not going to happen, market rules dictate that anything which is likely to have a material effect upon the SP has to be reported to the market via an RNS as soon as is reasonably practicable, so, if there was news regarding the €5.3 million grant finally being paid to us, then MM could not hold up providing that information until he was ready to publish the Q4 results, that’s all I’m saying mate, it can't all happen in one RNS.

I am massively down on paper and obviously I’m not happy about that, but all that matters to me is that WRES get to where we should be, sooner would be better than later, but as long as it happens that’s what really counts.

I know that pretty much all of us long term holders are peed off with where we are, but, although MM is to blame for some of the delays, he isn’t to blame for everything, the steel being provided incorrectly was not down to him, the plant not performing as it should was not down to him, and covid was definitely not down to him, so we just have to wait, my guess is we will get the results next week and that will give us further insight, let’s hope that the results are good ;-)

MIB

You are expecting too much, more than expected production, gold news, and grant news all in the Q4 RNS - I don’t think so.

I will be content with a minimum of 100 tons of tungsten production and any increase over Q3 in tin production, hopefully coupled with confirmation that we’ve moved to 5/24 and that production has and is continuing to improve further.

Tungsten according to Argus is now $237.50 per mtu and the latest tin price is $21418 per ton

Zkops

I like to presume low profit margins - and then be pleasantly surprised ;-)

Kevt

If we presume that with £2.4 billion in annual sales we are making 25% of that as profit, then that’s £600 million, so with a PE ratio of 5 we would have a market value of £3 billion, obviously with a PE of 10 we would have a market value of £6 billion, your guesstimate of ten times the current SP is towards the bottom end of those two possible market valuations and as such is in my view very realistic.

OMR

I have no sympathy for people who put other people at risk, all of those police officers have family and friends and they were put at risk because of that woman and her family, everyone that comes into contact with her and her rule breaking family are potentially at risk, such people are selfish, ignorant backsides, ( I can’t use the words I want to as I might get banned) and if and when she or members of her family get ill then people like my daughter will be looking after them, working 12/13 hour days in PPE, getting very little rest, and constantly watching some of the people who they have been trying to help die a horrible death, and then having to tell those people’s families !

My daughter was sent home again yesterday having been given another covid test due to symptoms arising the day after getting her vaccine - hopefully it’s just a reaction to the vaccine and not covid for the second time !

The stress that all nhs staff are going through is ridiculous, and yet we still have these idiots ignoring the rules and putting people at risk !

Jaf

This pandemic dwarves any previous petty arguments that we may have had over investments in a company, I wish you, and everyone else well, keep safe mate, life is fragile.

Jaf

We’ve had our differences, but I’m glad that you are alive and well ;-)

Q4 figures - Next week at the earliest, possibly the week after.

Hopefully sometime this year ;-)

Andy,

I believe from recollection (I haven’t bothered to check back through the RNS’s) :-

1. Regua has a completely different set up to La Parilla, the mining is being done by contractors, the rock is then due to be transported by contractors to a crushing plant a few miles from the site, again operated by an outside company, the crushed rock is then fed through concentrating plant that is on the same site as the crushers and the resultant partially concentrated output from that concentrator is then due to be transported by contractors to la parilla for concentration down to the level that our customers require.

2. That the latest $7 million from blackrock was specifically for La Parilla

Getting Regua up and running ASAP is important, and it’s worth borrowing more from atlas to do so, it’s not ideal, I wish that we didn’t have to, but we are where we are.

I presume that you are still holding ? And if so, you presumably believe that we at least still have a chance to become profitable ?

Dreamy

Different strokes for different folks mate, obviously I am not happy about where we are, particularly given how long I’ve been invested here and how much on paper I am down, but expressing anger etc. Is in my mind pointless.

I genuinely still believe that WRES will come good, if I didn’t I would sell and take the massive loss that I am on paper sitting on.

We will know the Q4 production figures within the next 2/3 weeks I’m sticking with my prediction of 130 tons of tungsten and 55 tons of tin, if we get that I will be content that we have moved forward, and if we are told that we have moved to 5/24 and that things have improved further in January I will be even more content, I’m not expecting us to start producing at a level that will be making a profit until at least Q3 now, but, if we get to that point later this year we will be fine.