Member Info for goingunderground

Maj "Takes a bit of bravery to do something other than critique others"

I make no personal plays generally. If you think presentation of fiction rather than fact in an attempt to mislead is acceptable then that says more about you than it does me.

No thanks MAJ. DYOR Its clear that with WRES you have some to do.

CORRECTION "The 2020 revenues were $4.5m The 2021 revenues are not going to be much higher."
The 2020 revenues were €2.5m the loss was €4.5m

Troajan "but the fact still remains,comps,still have a PE ratio bud"

Yes. WRES currently is negative 0.9

Troajan. You live in the past with numbers that don;t add up.
Numbers used by Shard assumed production of 880-1000t in 2021. Confirmation will likely arrive this week that will show production of a scrape over 500t.

You talk about top line revenues. The 2020 revenues were $4.5m The 2021 revenues are not going to be much higher.
Then you bring Regua into the equation, laughable. The FID that WRES raised the initial capital from did not include anything at all from Regua. Its not producing and even if it were, it should be icing on a cake, not production to tray and drag output from LP up to a higher number.
Reality is that once again, WRES has missed its production target for this year by 50%, Nameplate production missed by 84%
Best forecast for 2022 is 1500t (Remember they missed the 2021 target by 50% though) At 1500t that is 52% below nameplate production and 3 years late.
Debt is now close to double what it should have been
Shares have been diluted by 90% in the last 10 months alone.

That is reality. Game over as things currently stand.

Stevebt. They have always had guaranteed offtake. Now they probably have it at a lower sale price.
If you bothered to click Troajans link to the Shareholder page you would see that Masterman held 13.6% not 13 and now its 12.8. So its 0.8% of the company he has relinquinshed. (It used to be close to 20%)

MAJ. I am not accumalating. Remember I'm only in here if it gets to 1p and then only £100 investment. I assume you must be accumulating as you have just shown up with the P&D rhetoric.
Ref 2phevs post regarding his potential £4k buy. I completely understand thanks. If 2 Phexs thins this is gonna fly then what difference does it make if he pays 4.47 or 4.3 was he expecting to get it for 3p ?

Honestly, get back onto Alma and Shard and learn the story and history here.

See you in the 3's. Don't forget to tell us when you depart.

Lets be accurate . The WRES website has not been update since the placing to ICD.
It is now
MM 12.9%
ICD 8.8%
Crux 3.8%
"Spanish Investors" 1.4%

Crack on Troajan. Historic links abound
Mar 2020 the Spanish investors @ 36p per share. If they are still here they are LOCKED IN.
£756,000 investment down to a current value of £90,300 a decline of 88% in their investment.
Shrewd weren't they.

Most recently (less than 2 weeks ago) ICD came in with £830,000 @6p. Now worth just £557,750 a decline of 33% in 9 days.

These were both placings not open market purchases. The cash burn here is frigtening.

I wouldn't give Masterman 50p.

Have you got some good news for investors Troajan ? I post this just for balance

Yep, you won't be able to sell above 4p for much longer Mullins.

Wrong board Troajan. Ramp for WRES here by all means, but not other Comps bud

What were you hoping for on a spread of 4.2-4.5

I have no work here. Good that you have some blue days.

Geng. Ive answered it before. Go back and find it. I said serious questions....

Geng "but yet you don't answer any serious questions asked of you

I'd give up - you are becoming a laughing stock"

Ask me a serious question .

It didn't stop you giving up when you became one with your charting prowess. I admire tenacity in a person.

Geng "Are you fat with a silly blonde hair do by any chance? good at blurring facts with fiction just like the deluded bullet dodger that's supposed to be running the country"

No. However, whilst he appears to be slim(ish), blurring facts with fiction could apply to the Chairman of a Tungsten minor (sic)

Not long to wait MS. Before the end of next week latest I reckon

Geng "Was that change in short position you closing"

No. It wasn't I don't even think it was a short being closed. Much simpler to think that someone is taking a punt in their belief they will see a positive return.

Sure, There is such a thing as an opinion backed by fact.

So, If I was to say that Production of concentrate in WRES is in decline that would be an opinion. If I then added the production figures
Q4 Production - 105t Combined
Q3 production - 192.4t Combined.
The opinion becomes supported by fact.

MAJ "The Q4 struggles look to be a historic event with the improved operational performance already commenced in 2022"
This is an opinion with no basis of fact. What operational performance improvement

I prefer Special one MS. but thanks ;-)