Member Info for goingunderground

It was from the RNS 17th April, not June.

Oldmothereilly, can you explain your comment about a link with 2 people I do not know please ? I am puzzled by your statement.

Whats the budget for the car? What are you fancying?

A "gold guy" is pretty useless in a Tungsten mine that is not performing. Maybe a "Tungsten guy" would have been a bettr choice.

K3 Don't bother answering I have taken a look at your posting history. You were/are a Masterman fanatic

KV3MC 20tonnes per week? Have I missed some news from somehwere ? Where have you seen that? Its only done 27tonnes in 3 months. Did you mean per month?

Good point NMH. It appears that was Sept time last year. Whats the opinion on a timescale for this year?
It would be prudent if he was to produce the interim report sooner rather than later and get rid of all the bad news while sentiment is low. I'd hate to buy into this now, only for Interim report to be produced a couple of weeks before the next quarterley production update that shows no significant improvement. Right now, based on what is known, the expectation for September is not great. It could be a sink or swim month.

Seawolf. the $1.6m is not a share issue. It is the interest being added to the debt. A payment holiday if you like. If approved of course

I already proclaimed myself the winner.
What is the prize ;-)

Now 28.5% Down. Wow...

In more ways than 1.

I think the best approach is to wait and see what the results of Q2 production are.
There are no grants announced, only loans that bear interest and need to be paid back. This in itself is not a great thing, unless the level of production is profitable. Otherwise, it serves as nothing other than emergency cash to allow the business to keep trading until further debt is required.
In the form of "Covid" Loans its is easier then ever to get cash cheaply, so the willingness to loan should not be any indicator at all that the business is healthy, actually the inference is quite the opposite and hence the provision of support money has been forthcoming.
Let us see what production looks like. That is the key. If the production is poor (<150t for Q2 and <100t in June) then the company is not in great shape to service its debt. I am guessing that the lack of any suggestion of rollover for the next Blackrock interest payment in this RNS means potentially as much as 50% of the new loan funds will be sent to Blackrock as an interest installment.
Good luck, I think it may be needed.

The Lassonde Curve - I am not sure this supports WRES. It is alreday an operating mine, the curve has passed. It just needs to prove the operation now and this is dependent on W prices and an improved production rate.
It would apply to Regua and the gold in a huge way, so a worthy post.

NMH19, it is a very compelling story you have posted. I'm waiting in the wings for now. Your assumptions are based on a very optimistic set of hypotheses. I don't agree with them and history shows them to be very ambitious. That being said, in my position as a non holder at the moment, I would be content with a multiple of 2 or 3 of the current share price. I think that is a realistic IF production is running at 80% of the ultimate target and the debt is refinanced. One will be conditional on the other.
You do not state a timescale so your numbers may come to pass eventually, but I do not see them as in the near future (<2 years)
I do wish you all luck when eventually the numbers are presented and like many I am hoping to see a summary of each month and how the total is derived. This will be far more illuminating. It desperately needs to be north of 100t for June production to appeal to me.
Having been bound in EUA for months I am very nervous. Yes, in the end EUA came VERY good for me, but there was much uncertainty. Uncertainity abounds here at the moment.
Lets hope you all get some good news next week or whenever it will be. If its too good I will need my finger on the button early on the morning and will likely still lose a little.
Have a good weekend

I am interested in production. Shipping cycles will be different and variable based upon production .
33.6t W were produced in the first Quarter. Let’s see what production was in the 2nd quarter.
Anything else is confusion or distraction IMO
Good luck for tomorrow or whenever the production numbers are provided

Yes, I think its time to keep the shirt on my back here. Life is a gamble

I really am middling about taking a punt on this stock, but haven't as yet. What do we think the future holds for antibody test success and scaling

Getinthere, I do not hold any WRES shares. I looked at the company back in March with a view to buying. The shareprice was around the level it is now. Mogwhy was very helpful. I didn't proceed because the numbers didn't stack up for me. It then fell dramatically not helped by the last production results. It has now of couurse recovered to the March level. I am keen to see the production output for the 2nd quarter before making a decision.
So, in some ways I hope the results are not terrible, but financially it does not matter to me. If they are north of 300tons then I may have missed an opportunity, but I will buy after the spike in the pullback, with a longer term view.
My entry is the competition is a lowly 75 tons and another reason why I am holding off at this level. Life is a gamble.

You want to hope its not a 3.30pm on Friday, mixed in with some great news like they have taken up some further debt

13 RNS since mid March. None of them at 7am. The last results RNS was at 8am. There is time

My advice is to eat the elephoant in small chunks Mrred. Take profits, don;t ride it up and ride it down. Absolutely NOT saying get out now , it was just the right time for me. Good luck, but don't let greed take over.