Member Info for GETINTHERE

Let’s hope that tungsten production is now at least at a level that can service our operating costs.

We need an increase to100 tons a month production by June, but if we can get that or better the future will be looking bright.

QQ

To me the RNS is clear, I’ve posted numerous factual parts of the RNS to prove what I mean, please see the latest one below to L200.

I’m logging off now, I’m not going to post anymore proof, facts, statements from RNS’s, you and L200 can either believe or not believe, I’m sorry but I am really past caring now !

L200

The reason why the amount we shipped in quarter 1 of 2020, cannot include 21 tons from quarter 4 2019, is that the quarter 4 2019 production was sold and the proceeds received in January - we can’t sell the same tungsten twice mate, the following is from an RNS in January:-

“Production built through December 2019, with the move to 24-hour operation confirmed on 18 December. This was partially offset by a number of planned and unplanned shutdowns during the month to adjust and fine-tune equipment, which would be expected at this phase of the process. As a result, production in Q4 2019 was 21.4 tonnes of tungsten concentrate and 7.9 tonnes of tin concentrate, which is planned to ramp-up substantially in Q1 2020.

Michael Masterman, Chairman of W Resources, commented: "We are pleased to have produced nearly 30 tonnes of tungsten and tin concentrate (combined) and sold and banked proceeds from our first tungsten shipment from the new concentrator plant. Highlights include reaching target product specifications early in ramp-up and a higher proportion (28%) of tin in the product mix relative to the 10% in the August 2017 Final Investment Decision ("FID") report. Mining and grade control is broadly in line with 2017 FID with higher tin grades currently driving higher than expected tin production."

Nmh19

Afternoon mate.

I hadn’t realised we were due to find out about possible loans tomorrow, where was that information posted mate, did I miss it in an RNS ?

Boythorpe

Your previous figures, which you stated to be factual by intimating that you had personally seen the loads on lorries, where completely wrong.

Everyone else guessed figures for Q1 but you made it sound that you new the figures.

Sorry but Clearly, given the above, everyone is going to be very sceptical about believing you now.

QQ

What you term as “neat” I.e. 66% tungsten is - tungsten concentrate :-

https://www.itia.info/tungsten-concentrates.html

QQ

We produced 58.9 tons of tungsten concentrate and:-

Again, from the RNS mate:-

“Shipped 48.8t of Tungsten Concentrate and 20.2t of Tin Concentrate to offtake partners from January 2020 to date”

Clearly we couldn’t have produced what we did and shipped what we did if your figure is correct !

Read the RNS !

L200

Read line 5 of the production summary, that’s where it very clearly shows you that there was 58.9 tons of tungsten production in quarter 1, 2020.

L200

Again, from the RNS mate:-

“Shipped 48.8t of Tungsten Concentrate and 20.2t of Tin Concentrate to offtake partners from January 2020 to date”

Richard

No problem mate.

Keep well.

L200

58.9 tons (some of which was sold in Q1)

L200

The only figures I have ever quoted are those from the RNS, they showed Q4 2019 and Q1 2020, which is what I quoted mate, so I’m not sure what is not clear to you.

Where the RNS quotes wet metric tons that’s what it means, where it quotes dry metric tons that’s what it means, where it quotes production that’s what it means and where it quotes shipped that’s what it means, the production was higher than the shipped, so the difference was produced but not at the time at least, shipped / sold.

L200

Take a look at the production summary figures which are in a box in the RNS and then the shipments mate :-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/WRES/14506216.html

Richard / L200

Can you please explain which figures are wrong.

The last RNS said :-

“ Tungsten ("WO3") metal production increased 242% to 3,306 metric tonne unit ("mtu") (33,060kg)
· Tin ("Sn") metal production increased from 207% to 12.1 dry metric tonnes ("dmt")“

L200

If you run a business and had to close it down because of the virus, as WRES had to do, and, at the time you had no idea if you would be closed for days, weeks, or months, you would be rather remiss not to, firstly talk to your major lender regarding the interest payment, which MM did, and got them to agree to rolling the interest for quarter two into the loan, and secondly to ensure that, whilst applying for all possible types of credit set up by the government, that, as a fall back, you had a definite line of credit that would keep the company afloat if you had to remain non operational for a long period of time.

That’s why they would set it up without wanting to use it, hoping not to use it, but having it there just in case.

Now, as things have turned out, were were able to resume production in a short amount of time, so, hopefully, we won’t have to use the facility, as production and sales should be sufficient to pay the operating costs.

Time, will of course tell.

Hi Jange

It’s a waiting game here mate, given the pandemic coupled with poor first quarter production figures, it’s not surprising that the SP is where it is, but providing the mine keeps operational and the upgrades and additional equipment do the job we should see a much improved second quarter and that should finally lead to an SP increase that will put us all into profitable territory.

Dreamy

The worrying thing is that some of his supporters would no doubt give it a try !

Dreamy

Gardening is not my thing I have the opposite to green fingers, I can’t go fishing as it’s banned at the moment and the nuns are all social distancing !

Anyway I’m off to the garden to lay in the sun, have a good day,

Keep well everyone.

Dreamy

I hope everyone is ok too.

I just think that at this time there’s very little for anyone to post about, we are waiting for the end of the year results, but they are unlikely to make any real difference, we are waiting to hear confirmation that the concentrator has had all of the modifications completed and that the whole plant is therefore operational, but, in all honesty, until we get some firm news that we are producing at a level that makes us at least able to break even and ideally profitable, the SP is not likely to move too much.

I’ve been waiting a very long time as have many other investors here, we are still waiting, and quite likely we will be waiting for few more months.

Jupiter

Thanks for posting the link.

I’ve just watched it, and for me there was nothing that I didn’t expect, he’s hoping to get money from the banks he’s applied to, 90% of which will be backed by the Spanish government, he’s expecting a substantial rise in production this quarter, gold is not happening until next year at the earliest, Regua won’t start producing until later in the year due to a continued lockdown in Portugal.

He was still pretty poor in terms of putting the situation clearly and concisely, but again I think we all expected that from past experiences.

I’m still convinced things will come good, in spite of the poor PR