Member Info for GETINTHERE

Nmh19

I thought you would still be holding mate, I also felt that the shipments for the first weeks of July were encouraging, I’m hoping and expecting that they have significantly improved production having replaced the mill, and that coupled with the other changes they have and are planning to make they will get up towards the 80% , 160 tons production level before the end of the current quarter.

Régua, if they can get it up and running, could really make a massive difference.

The gold is a good add on but I can’t see us getting much from it anytime soon, unless of course they sell it.

Time will tell mate.

Nmh19

Hi mate, I presume that like me you have not bailed out of WRES?

OMR

Ok thanks, I wasn’t really expecting her to say much, she can’t as anything that can have an impact on the share price, good or bad, has to be via an RNS mate.

The waiting game continues.

Good morning OMR, what did she say ?

Cookie

Are you still holding ? I thought you had posted saying that you had sold up mate ?

Anyway OMR has the same average as me and we need a 227% rise to break even mate not 500%

Good morning OMR,

Despite the poor results, there have only been about 600 million shares traded since last Thursday, that’s under 10% of the shares in issue, and of course those that were sold by some were bought by others, so, clearly, there are a lot of people holding shares here that believe that WRES will sort out the problems and come good, and we, that’s, you, I, safety, golfpro, dreamy, and Kev, are just a few of the hundreds of investors that believe.

The SP has dropped 40%, since last Wednesdays close, that’s an awful lot and those fortunate enough to be buying in now are liable to make a fortune in the coming weeks and months.

To $18,195 a ton

Now we just need the tungsten price and production to go up and we will be laughing

All showed as sells 2x 12,900,000 and 2x 12,875,352, if they were all sells I would have expected the SP to drop, so my guess is that it was 2 transfers into ISA’s

OMR is a gent, he would not be abusive.

There have of course been other posters on here, who have been abusive on the board, so they, if they ever really did hold any shares, might be the culprits.

It’s not me though, because I simply haven’t emailed her.

Seawolf

Sorry for the time lapse before replying, I have been out and managed to leave my phone indoors.

Q2 was negatively impacted by covid in April, but more importantly by serious equipment issues throughout the quarter, hence the requirement for a new mill and the other changes that have been made and are due to be made, as Kev said the rolly polly parts have been replaced by the thumpy wumpy parts, (or something like that ) and this will hopefully lead to us extracting the majority of the tungsten rather than the tiny amount that has been extracted so far.

Time will tell, but I am expecting a significant increase in production in this quarter and higher still in the 4th quarter.

Tin now $18,000 per ton

Perhaps we can become a tin mine ;)

Golfpro

He did say that he was intending to do a video link call with shareholders mate so hopefully your email will prompt him to set it up.

All I want to know is have they sorted the kit out ? And are we now producing at circa 80% of full production ? As he said we would be able to do quickly, just prior to the shutdown due to covid.

If the answer is yes to both of those questions then we will be fine and heading upwards from this abysmal lows !

L200

I think Kev was referring to the combined tungsten and tin production.

Anyway, it’s not important now all that matters is wether it was problems with covid and the kit, or covid and the JORC.

Dreamy

I agree with exactly what Kev posted:-

“I agree that they should be clear and unambiguous. “Produced x tonnes and shipped y tonnes, of which z came from the previous period.”

Dreamy

The RNS states :-

“A further 20.4t of tungsten concentrate and 39.0t of tin concentrate has been shipped from 1 July to date.”

He cannot and would not lie in an RNS mate.

Nmh19

There’s a hell of a difference between saying what he said on the 17th of April and if he had said it on the 17th of June mate - I have to confess that you had me worried, so I am relieved that it was a mistake !

In April he was entirely unaware of the impending problems with the plant and the need to completely replace the mill, so his comments at that time were understandable as he would have expected the mill to go through commissioning reasonably smoothly and production to improve considerably, as did I.

The situation as I see it now is very clear, they have installed a new mill, have ordered other equipment, have shipped 20.4 tons of tin in the first 23 days of July, and are finally ramping up production.

There were and are only two possibilities in terms of the poor results for quarter two, firstly that the amount of tungsten that was proven in the JORC was false, (not very likely, or secondly that the kit was at fault and therefore the extraction of tungsten did not happen as it should have done, which is what we have been told.

Time will tell which of the two are reality mate, but I’m betting that the JORC was not wrong and that the issues with the plant will be resolved, if I am wrong I will lose 20% of my net wealth because WRES won’t survive, but if I am right then the third quarter will show a significant improvement and the fourth quarter will be better still.

Nmh19

I agree with your comments but I can’t find an RNS dated 17th June, so in what format was that statement made mate ? As I would like to read the entire thing.

OMR

A blue day would be nice mate ;)

Good morning OMR

Destitute long term holders eh, well not quite yet mate, it ain’t over till the fat lady sings.

I’ve been here a long time, at one point sitting on a 90% paper loss, currently a 69% paper loss, but, remember shares can go up as well as down mate.

Time will tell

Clearly this was poor, but given all of the issues with Covid in April, and the operational and equipment problems through the rest of the quarter that we have now been made aware of we can at least understand why.

The good news is the we had shipped a further 20.4 tons of tungsten between the 1st and 23rd of July, so in 23 days we shipped the equivalent of 34.63% of what we shipped in the whole of the 2nd quarter, this shows an important first step increase and hopefully means that they have begun to move forward towards the 80% production level that should be achievable quite quickly.

Time will tell.