Member Info for goingunderground

They sound perfect. Have a lovely weekend.

Safetynan, what colour socks do you wear ?

Agricore "They say 2022 will be better. So if they can achieve 1032T in 2022 (258Tx4 Quarters) the economics get quite exciting. Revenue should be around é11m and with a GP of around é5m and NP of é2.5m."

Debt interest alone is circa $7.5m pa. I'm not sure by what wizardry you arrive at the company generating 2.5m Euros from Revs of 11m Euro. Harry potter couldn't even manage that with any of his wands.
Your summation is entirely incorrect .
You could always try and ask for a refund.

Troajan "the first thing they will asked the bod is "ime not investing £800k,into wres""

Thats a staement, not a question

Troajan. "so q4 production,is expected,to be similar,to q3's"

You really must stop making up your own personal facts.

Q4 Production - 105t Combined
Q3 production - 192.4t Combined.

So far from being "about the same" Its a decline of 45%
Thats like saying the share price at 4p is "about the same" as when it was 5.8p

Its actually 105.
415 to end of Q3. The in the RNS it says "As a result, the Company now has to adjust full year guidance to 520t of tungsten and tin concentrate compared to previous full year production guidance of between 650t and 750t of concentrate" (Actually it was 880-1000t initially)

520t-415t = 105t

Mick-b "It like wres is gradually increasing production"
SPOLIER ALERT - It went backwards in Q4

In the last 2 months they have accrued interest greater than the amount you say has been "invested"

Troajan:
"since 18 months ago...bod/institutions etc
250k
150k
150k
100k
75k
700k
800k"

So this is mainly a list of dilutionary placings/cash calls not buys. All to fund the company where the revenues are insufficent to keep the business solvent.
It would also be worthwhile highlighting that also in the same 18 month period they have gone through £3m from Atlas, An additional US$7m loan from Blackrock and have had US$10m of interest rolled into debt (with warrants too)
And still the coffers are empty

Just for balance Traoajan

Stevebt. When you state that " You didn’t predict it going into the 3’s weeks ago and are only recycling Gengs possible chart position."
That is not the truth. I will correct lies.
I'll throw another line out to you that often gets thrown my way. You are not invested here why are you posting ? You sold up in the 4's (you tell us) when you were setting up an ISA. (Aren't you pleased you did ?)

Stevebt "Goingunderground, You didn’t predict it going into the 3’s weeks ago and are only recycling Gengs possible chart position."

I have not taken the blindest interest in what Geng has to say. Unlike you that bought on his gap theories.
I did predict the 3's weeks ago. Take a look at my posting history if you can.
I have no interest in what you think you know.

Correction 3.9p

Safetyman.
I'm pleased that you feel so sanguine about your situation, to make light of it

K3VMC "Either GUG or GUG have got it badly wrong. Maybe both?"

What have I got wrong ? Are you saying I should have invested £30k @ 28p ( In new money) More fool you.

K3VMC, stop being silly. 1.62p was not a valuation. You call it a valuation, I did not
I said a few weeks ago that it was destined for 3's. I said yesterday that Disastermans sonnet has accelerated that forecast. Here we are at a mid price of 4.05p
The CFO is not to blame, he just juggles the numbers he has.
It doesn't matter who is to blame, it is what it is .
ICD have stumped up some cash, some see that as a positive indicator. The ONLY positive thing about this that it supplied some more cash to keep the company going. They are a metals broker they offer NOTHING that will fix the problems that are the root cause, lack of production, so quite why people think this will be a benefit is beyond me. More time perhaps ?
The writing has been on the wall for a very long time in my opinion.

Impi.
Same exercise with the share price.
April 1st 2020 sp 13.5p
Jan 5th 2021 sp 4.3p

Thats only a 68% loss in the same time period (Vs 88% Dilution)
Suggests that its likely the sp needs to fall more yet.
If the sp fall matched the dilution (excluding warrants) it would be 1.62p

April 1st 2020 shares excluding warrants 78,099,358
Jan 5th 2021 shares excluding warrants 146,947,146

88% Dilution excluding warrants. Over 100% if you include them in just 9 months.

Real "shareholder value "

Troajan "what's the point of having a q4 prod update,in about a week"

Well It would be good see how much Tin, Tungsten, Grades and importantly ROM

It has Wolfe written all over it Aston. I'm surprised they did the placing. Better to have waited until it folded then bought the assets from the liquidator without the debt. There will be a reason as yet unknown to the PI's. It won't be a good outcome IMO

Stevebt "Surely their jump into wres can only be a good thing for the share?"

Looking at the 10% fall in the share price since it was announced, I'm not sure m(any) agree