Member Info for goingunderground

What utter crap. You write. In case you've not noticed the company is not producing anything even remotely close to the numbers your throw about. You accuse me/others of not using the latest numbers.

OK. Lets use Januarys, the latest that have been notified.

"January 2022 Production Update
· Tungsten ("WO3") concentrate production of 42.7 tonnes and 2.1 tonnes of tin concentrate"

2.1 tons of concentrate thats about 1.1t of metal. So thats about $50k in a month.
42.7t W03 Conc. @ 65% $350t/mtu is $775k
So the latest figures amount to $825k Revenues in the full month.

Wres also said "Following the period end, the Company now has access to higher-grade portions of the La Parrilla ore bodies, the open-pit has been drained of water, an area has been cleared for the crushed ore stockpile and improving preventative maintenance is helping reduce processing challenges."
So NO Excuses like low grades areas.

Moving onto February. We know that the plant shut down for a 2 week period and as yet we don;t know that it has started opertaiong again. Potentially thats 4 weeks now of no production.

Jaf was trying to do you a favour talking about the highest quarterly production of Tin you have had. The conversation was about what relevance the price of TIN was. But. anyway, you get confused easily. WE understand that. No good spouting off Nameplate production when the realities are no where near that.

That's Balance not just made up tripe from someone that is desperate to see the share price climb to mitigate there short term trading strategy that has failed.

You're a disgrace.

and I didn't remove the Tin smelt charge either, just for Troajans benfit

Jaf
Your maths are wrong.
If they produce 24t of Tin Concentrate (as they did in Q2'ish) You must look at the grade with was 52%, So of 24t only 12t was Tin.
12t of Sn at the currents highs of $45k per ton would be a quarterly revenue of $540k (or $180k per month)

Safetyman "anyone coming at me with a cane is going to have their head ripped off. I will then remove their bladder and use it as swimming hat. I cannot abide physical violence."

Isn't that a bit of a strange statement ?

Safetyman, you’ve been caned here m8. Flogged actually

Drama Queen. Make a big deal out of a comment you are taking out of context. I’m simply saying that compromise will end up getting the job done, the job being a speedy conclusion
If this goes on for even a few more weeks, there will be no outcome in the short term. Much more death and destruction. If that pleases you then you are strange.

Wet!

No response from Troajan. He’s probably googling for some outdated web links.

What's your view/opinion Troajan.

My words are just my opinion. Maybe he will get a bullet in his head when his confidants tire.

I think this will be over in shortish order. The already Russion controlled areas of Crimea, Luhansk and Donetsk will be officially conceded by Ukraine as Russian Territories. Job done.

Ponfeigh, Well they haven't got it all yet. Maybe there are some conditions that must be met before the 2nd drawdown.
I said a few weeks ago (Troajan can check my history) that the best outcome would be a term loan, at low interest,for 4m +
They got 2 out of 3

I was just reviewing this
https://www.investegate.co.uk/wolf-minerals-ltd--wlfe-/rns/senior-debt-deferral-and-additional-funding/201807300700070826W/

This was the last Hurrah before it went into liquidation

Has a very similar ring to it as something else I read today.

Troajan, you can google it if you like.

Classy....

Well its the best outcome they could have hoped for. Term loan for a sizeable chunk.
Definitely not buying though Safetyman if that was pointed at me.
Couple of questions.
1. Is the mine operating yet ? Seemed a missed opportunity to confirm that it has re-opened.
2. "A small premium" Why keep it secret ? How much is small.
3. What are the conditions that are attached to further advance of US$3m (if any)
4. What is the CAPEX for ? I don't think new Lab buildings and storage will help. Perhaps this is linked to point 3

So $78m with Blackrock. How much is the total debt.
Undoubtedly the lights have been kept on but with Turnover of maybe US$6-7m in 2021. The debt is not manageable. Q1 production will be low and the cash burn will be high, but on face value it seems they have access to some.

I wouldn't be popping the bubbly just yet and the market seems to agree. Life support has been extended but whats the underlying prognosis.

Troajan. You are just a disruptive oik. I can see why you have been banned on multiple occasions.

"you've completely changed from your original statement bud
you said the mine isnt in production,5 weeks later,but in the rns iposted
it said 2 weeks"

I've NEVER said 5 weeks. EVER. I've said that as far as we know its now in its 4th week of closure. There has been no statement from the company that the mine has reopened following the confirmed 2 week closure. It was YOU that maintained the mine was closed in January, you cannot even read and understand what little the company does make public.

"so instead of changing onto another completely,didderent subject,to deflect from you original post"
I'm not. You said that WRES do not pay a smelt charge. I told you to confirm that with Paul Hailes. When I did (via email), he confirmed there was indeed a "processing charge" DYOR Research

"where does it say.....more than 2 weeks bud"
Where does it say that it has reopened ? I'm most definitely not your bud

"come on m8,its that easy,give us a fact,that can be backed up....and not the finance delay,which we already know,i posted that rns,the other day,and a few days,before that"

I'll give you three. (But I could go on and on
1. Quartely production is in decline.
2. The % of tin mined relative to Tungsten has declined quarter on quarter throughout 2021
3. Wres has burnt more cash than its income can support and has failed to meet the meagre production estimates it set itself, At anytime.

And a bonus one for you. You don't have a clue what you are saying most of the time. Just vexatious, and in the case of the 5 week comment you claim I made, you are a liar.

Troajan. Drop an email to Mr Hailes. He will confirm it. You can even check with Southwesterner, its standard, basic stuff.
DYOR and don't be a clueless dunce

and some more at 6.825...

Furthermore..

On the 24th February the RNS stated "the documentation being finalised and the Company expects to announce details of the successful fund raise in the next few days."

Its now Day 5. Starting to push the envelope of the definition of "Few" but then it does say "expects"

BUT In the RNS of 18th February it was stated "discussions regarding the fund raise, which is expected to be in the form of debt are at a very advanced stage and the Company expects to complete the fund raise early next week."

Now, its did say "expects"to complete the fund raise early next week. Perhaps thats why "Expects" has no meaning in the world of WRES

Thats was just for you officemanager.....

8.22p let’s see….