Member Info for goingunderground

Safetyman. I always run spreadsheets on companies in which I have been invested (or may invest in) to have a grasp of the numbers. Do people really invest 5-6 figures into a company and have no comprehension of the numbers.

It's also fair to say that one would assume that in so doing they would retain a goodly portion of their investment or at least limit the losses that can be incurred. Its a strange occupation to blindly throw money around lets hope that in this goodly world people of all types learn lessons as they take their formative and goodly first steps in the AIM markets.
Improving is a subjective thing, but I think its safe to say that I'm pleased I wasn't in this one over any weekend. That has been goodly

Its a typo. I should have put 166. Double "1" instead of "6". I carried that error into my spreadsheet. A mistake not an intention to mislead.

The corrected statement should read "So, if the plant was processing nameplate capacity ROM of 166kt per month. It would deliver only 118t combined concentrate."
So, even processing ROM, FLAT OUT without any issues its still only producing (118/258) 45% of the the FID production"

I posted on 6th Feb a simplistic view

The FID rate is 500kt per quarter ROM to produce 775t combined concentrate per quarter. (Thats 116kt per month ROM to produce 258t Combined Concentrate)

Q3 Production (which was the very best they had provided, ever) 270kt ROM producing only 192t of combined concentrate (Thats 90kt per month producing 64t per month combined Concentrate.

So, if the plant was processing nameplate capacity ROM of 116kt per month. It would deliver only 82.5t combined concentrate.

So, even processing ROM, FLAT OUT without any issues its still only producing (82/258) 30% of the the FID production.

This is why it's doomed."

So, Either the the equipment is not fit for purpose OR The ground does not contain the product. As there are some JORC numbers that suggests the ground contains product, they are either mining the wrong ground or Most likely, the equipment is not fit for purpose.

Simplistic but trying to make a point.

Troajan "as for the bashers,a very shamefull,game they play"

Why ? The "bashers" have been proven right. Open you eyes, read and understand.

Troajan "but news on production,is at least a 3 weeks away,for feb..."

The plant is closed down for at least 2 weeks in February. Why would you expect any kind of good news ref production in a 2 week month. ( That is assuming that the plant restarts next week which interestingly seems to be linked with securing finance)

We have been told to expect an RNS. He said THIS WEEK. So more news to come soon on funding. (or lack of it)

Franny. It's a great buying opportunity, is it not ?

I would welcome it, thats the beauty of it being there.

Troajan "people were calling gugs,attitude and treatment,of others,verbally....not his opinion,on the mine"

I think thats rubbish. they were calling my opinion, being negative etc etc.....I'm not overly agressive in my postings.
You on the other hand have been spouting misinformation, making throw away comments that are a lie and generally trying to have a pretense of undestanding what is going on here. You don't and never have,

This has been heading here since I took a view in March 20. Not many liked that I stuck with it, but the lies and rhetoric posted by many on here riled me.

Thank you Southwesterner for some support. It's affirming, especially from someone that has a deep understanding of mining.

One of us is seriously out of pocket and the other isn’t.
Posting glib, unwarranted, positivity has delivered you a large loss, but if that makes you feel good then hey ho..
Crack on
I’ll leave it at that.

So. We know Jan was a car crash they provided the numbers in the RNS (a tiny amount of tin relative to Tungsten too)
You know February will be a car crash as the plant is currently shut for a 2 week period.
That leaves March and assuming the plant shutdown is on time you might get a run in March.
So you can safely translate Q1 into a large miss.
The company report quarterly (when it suits them) so there will be no further production news until Mid July.

You reckon it will still be around in its current guise.

Safetyman, the time has come for you to realise how silly you look with your glib statements. A child does better (as K3VMC has to concur)

safetyman. The RNS disagrees with you
"The Company decided to introduce a two week maintenance shutdown to carry out a number of important and significant maintenance tasks which should improve concentrate recovery and production going forward. Production is due to recommence next week"
So currently it is shut down.

Hulvard "Now, with the consolation, am sitting on just over 400 shares."

£10.80 invested ?

Just providing some "linkes that ar gooogliable" for Troajan to reuse.

https://www.proactiveinvestors.co.uk/companies/news/974122/w-resources-to-take-on-new-debt-after-tricky-fourth-quarter-974122.html

https://www.lse.co.uk/ShareChat.asp?ShareTicker=WRES&share=W-Resources&thread=D32FADF5-7898-48D0-A522-3F189CE57E9F&reply=true

https://www.lse.co.uk/news/WRES/aim-winners-and-losers-eqtec-up-on-billingham-deal-mysale-tumbles-ktw19arvjwqax3s.html

Now have a MCAP/Debt ratio of about 15x and that’s before the next RNS !

L200. He can post a link to the “fallers chart” today.
Top of the house.
Meanwhile I’ll “hope” he doesn’t post anymore of his misinformation that people get suckered by.
2phev lasted all of a few weeks AGAIN. I “hope” he didn’t lose much.

Childish….

I best start scraping together my £100 @1p. Its looking likely. One of the MM's is already on the bid at sub 2p.