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Yes another buy went through at 10.35 mate

All of the trades at just above 0.235 have been sells, and thus far we have had 3 buys at 08.09, 10.10, and 10.25

Dreamy

I agree, clarity is important and so is comparing like with like.

We don’t have long to wait now to find out if things have been going significantly in the right direction, or not.

Dreamy

I get where you are coming from mate, to me what really matters is how much we are producing each week now and that we are at or at least close to hitting the 80% production level that MM said we should achieve quickly, if, we are now producing circa 40 tons per week then we will be a long way towards providing the proof that is needed to enable us to refinance, and then we will see a substantial rise in the valuation of WRES.

Chameleon

A fair point mate, I forget that most people haven’t been up for long, as I am an early riser and rarely up later than 5.30am

Richard

MM is busy amending the RNS to include some forward thinking comments in order to assuage the long term holders previous annoyance with his lack of detail mate.

He is a slow writer so expect the RNS tomorrow ;)

Chameleon

The clue is in his pseudonym mate.

Goingunder

Agreed hence the title of my post included the words “as yet”

Maybe my forecast for it to be tomorrow will become true ;)

NMH19

I used to be indecisive - but now, I’m not so sure ;)

I think the RNS will be on Thursday, will be circa 150 and 30 tons, will hopefully give us some information regarding our current production rate, and will see the SP rise.

Of course, I may be wrong ;)

Richard

This is my eighth year invested here, and like you I’m looking for sustained improvements in the results, the forwarding of all the mines and the SP.

I’m hopeful that this will happen soon, ie this year, but, suspect it may well be, as you suggest, next year.

Richard

I note that by far the majority of guesses are higher than mine, with the highest and lowest tungsten tonnages being 400 and 75 respectively ( an average of 237.5 tons) and tin being 159 and 15 (an average of 87 tons)

I would be very happy to see the two average figures and if that happens the SP will rise significantly and I would think hold onto at least a fair proportion of that rise.

Of course, if the worst figures guessed at are close to what is announced then we will all be saying “woe is me” but I don’t see that happening ;)

Gmed

In my opinion Ok results with good details and forward thinking information will see a quick jump in the SP mate, as you rightly say what happens after that is dependent on numerous possibilities in terms of for example the grant, refinancing, Regua start up, Regua production rates, and, date I say it, the gold licence and then the drilling, the agreement on the lay of the gold in the ground, the amount of gold discovered from the drilling etc, etc, etc.

Update

1x2, 7x3, and 3x4 = 35 and an average from the 11 guesses of 3.18

Richard

Sorry mate I missed your 2 completely, the 2 I included in my earlier post was for dreamy, as his is now a 3, then yours is the only 2, I will add it in shortly.

Richard

Sorry mate you have lost me, no one as yet has guessed below 3 (I put dreamy in at 2 originally as he mentioned 2,3and4, but he has now said 3 so I took out the 2 I had originally given him and included his 3)

Gmed

The results are important but in my honest opinion what happens to the SP afterwards will not be simply based on those results.

If we get results that are for arguments sake close to the 150 and 30 tons that I have suggested, what then matters is what if any other forward thinking information we get, so in my opinion if we just get the bland results of 150 and 30 with no indication of what was produced in which months and most importantly wether we are now improving our production each week, then I fear we will at best see the SP stay at or close to the current price, however, if, we get those production figures and are told that, again for arguments sake, we produced 20 tons of tungsten in April, 40 tons in May, and 90 tons in June which was increasing through the month and culminated in 40 tons in the last week of June, and that, that 40 tons per week had been sustained in the beginning of July, then I believe we could see an increase in the SP.

Time will tell - not long to wait now

As dreamy has now gone for a 3 the revised figures are:-

7x3 and 3x4 that’s 33 from 10 guesses and an average of 3.3

1x2, 5x3 and 3x4 = an average of 3.22