Member Info for goingunderground

"was going to be a cash tsunami,in q1 of 2018
it never happened,like tstr,no updates in 2018,on those production expectations.
then over 12 months later,we find out why,the plant needs $4.5 million,to get the mine/plant,re furbished,to working order"

Thats sounds awfully like W Resources. :))

Lets see how it pans out. There are too many "true believers" deep under water here, caught in the hype. It will be an opportunity to average down for many.

I'm sitting on my wallet. Mid 0.3's is my buy in. If it doesn't ceome then so be it

Good effort for a ramp........TTG has missed the boat.

The 0.3's are beckoning.

SML have produced 6 RNS since 1st Sept. Thats 3 RNS a month. TSTR are currently suspended what do you expect.
WRES RNS are majorly dilution, further debt or declining production figures. I'm sure no one wants a deluge of those

L200. They have removed my somewhat ambitious over egg at my request.
22k mtu over 3 days. Equates to 44k mtu on a 6 day shift pattern per month.
We do not know (as Masterman has not stated) whether they were 12hrs shifts or 24hrs. Even giving the benefit of the doubt and assuming 12 hr shifts, that is still a long long way from breakeven.
Still, fools rush in.

My math is terrible, I have asked admin to remove my post

Opened at 0.1325 on a large spread. We know that Atlas will be sitting at around this level ready to open the flood gates.

Hailing 21.6k mtu in September is a successful indicator is desperate. It needs to knocking on the door of 125k mtu for breakeven. and still only a little over 10% of the 200k mtu that has been suggested in the past.

Gotcha.

Seawolf. What are you talking about ? Can you explain your last comment ? It has me confused. You mention covering costs and profit

to everyone in the coming weeks. When will the steamroller stop

This is tungsten miner. Tin is a sub-product. Whilst its useful to see an increase in Sn. It will not keep the wolf from the door.
W is required, lots of it and very quickly.

I don't Franny. I just saw them on the risers board and dug around. Its bizarre as they don't really have any assets other than cash in the bank. It appears that they had issues finding tungsten and it was sidelined to their parent company ? There was some chatter about gold, as there is here and being near neighbours I wondered if there might be some kind of tie up going on. JV on Gold perhaps? Just pure speculation, as I say, I don't know enough about them.
There must be something going on looking at the increase and there is/was some synergy in what WRES is trying to achieve.

Now has a market cap similar to WRES and has cash in the bank. No debt.

Ivans. The RNS said "The additional facility will, once fully drawn down, increase the total outstanding Blackrock facility to a principal of US$47 million plus accrued interest"

Think more along the lines of $55-57m to Blackrock

Analcysts can be uncomfortable I hear ?

It was not an intraday swing.

https://www.proactiveinvestors.co.uk/companies/news/931097/w-resources-slides-as-it-issues-shares-to-pay-for-technical-services-931097.html