Member Info for goingunderground

22:43 Monday

See Troajan, you cannot help yourself. Posting links that are of no consequence.
Tell me what your tictacs are bud (Other than noise and disruption)
It wouldn't be so bad if they were in a threaded manner, but you cannot even manage that. It just makes the board look messy and not useful at all. Ridiculoosse

"most will be aware of your tacticks to bash other peoples humble opinions and relentlessly downtread their postings.....endlessly/daily"

I have no tictacs bud. You do not post humble opinions you endlessly/daily repost the same links with no analysis or opinion.

"but even you,must realise.the recent uptrend in metal prices,isnt bashable?"
Yes the increasing metal price is a good thing , I do not bash it. WRES just doesn't proiduce enough for it to be a significant factor.

"seriously bud...evaluate your own agenda,its looking laughable behond rediculouse"
Bud, I have no agenda, redikerlous or otherwise.

"ARTVB and have a fab toooosday
and,stay safe"

You too. do try and comment on reasoned comments and analysis other then posting links. Otherwise, you look like a paid troll with no understanding m8

Troajan "wowsa....so its $4 mill for 200t of concentrate....i'm glad to be corrected"
No at $310 mtu it is about $3.3m .
Assuming an average of $275/mtu over a full year thats about $6.2m Revenues for Tungsten.
Assuming an average tin price of $25000/t over a full year thats about $1.3m revenues for Tin
Total Revs of US$7.5m (GBP£5.5m)

Current deferred interest on $75m is around US$9.5m( GBP£7m) pa
So BEFORE factoring in OPEX and money raised in placings/cash raises there is a shortfall of US$2m
You can add your own OPEX figures . But Placing/Loans conservatively was around US$5.5m (GBP£4m)
Total US$7.7m ++ Shortfall.
I've been optimistic with revenue by using high average prices too. The bulk of the tin production was 1st half.
Its not good is it ?

Make a list of the Fiscal or Production KPI's in the FID that come to fruition. They've had 5 years.
I'll give you a clue. Its a VERY, VERY, VERY short list.
Over to you (anyone)

You keep referring to hypothetical statments made 3 years ago.
Those statements have proven to be wrong. Ifs, buts and maybes.
You now have the benefit of hindsight, you should use it.
LP will never produce 200t per month Tungsten concentrate using the equipment it has. So quoting revenues based on that are pointless.

NO APOLOGY
So more misinformation that you have been caught out with Nearly 3 yrs ago and not 6 months
The quote you refer to is in the FID presentation. Where it says "Production has commenced and will expand to 200 tonnes per month (net US$3m p.m) Its referring to Tungsten not tin, so the price of Tin is irrelevant in this context.
Tungsten was around $250 per mtu at the time of the Presentation. Its now around $310. That is an increase of 25% NOT 50% that you state.
You are misleading again with your throw away statements.

I'd already corrected it, but you chose to quote the erroneus remark.
Anyway, at least we are agreed that in the Full year of 2021 it is unlikely that 100t of tin concentrate were produced. If Mr Disasterman ever has the guts to post the detail of Q4 production, I am sure that will confirm.

The corrected posts states TIN

You say "but given the production in quarters , 1, 2 and 3 we know that we have far exceeded the 100 tons, whic( was derided"
You have not exceeded 100t tin in the FY.
Q1 28.9t
Q2 23.8t
Q3 24.1t
Q4 15t (My estimate from guidance of 105t combined)

Total 91.8 tons
91.8

CORRECTION

Troajan "and yeah,200t was equivilent to $3 mill in sales,6 months ago"

More non specific rubbish. Back it up , go on. 200t of what ? In sales from who ? If you are gona quote, provide the source.

Just FYI, WRES have not produced 100t of Tin concentrate in the full year of 2021, so on that basis you are quoting more then 2 years of Tin production from WRES.

Maybe they will dilute to buy a corporate drone.

It's beginning to look like the very late Q4 production RNS may yet contain news of some further dilution/debt

“Comedy gold”

No promises, it might be £50 x

Read back Pecten instead of moaning on.
I’m in for £100 worth at 1p

Just as you left it. Hope you made some of your money back elsewhere in the interim. I hope your pockets are still deeper than your hands,

IE.
Troajan is bleeding out. Over 1000 posts in the last 30 days. Give him some plasters

Historical projections that came to nothing Troajan.

All part timers. All out of pocket in WRES. 3 years of production and still only producing 13% of what was promised.
What is your point ?

I agree links are useful but not when the same ones are repeated daily multiple times. Some of which are many years old, out dated and not relevant to WRES. It’s just disruption aimed at diverting from the current situation and prospects ( or lack of them)