Member Info for goingunderground

I wonder if those claws are Tungsten ?
https://tinyurl.com/ymartcyy

I did say last week that the 3's would soon be here. I actually thought by the end of next week, but the lovely sonnet from Disasterman ( I do like that) has brought things forward. I received derision from the resident LTH Trolls of course
Now they shout Troll at the people that were/have been/are correct.
The trolls on here are the rose tinted rampers. Never listen to them.

Getinthere. It’s a great day for fishing

The "Major sharehlders" must be gutted. 25-80% Losses. Like most (All?) LTH not worth selling after such losses. That seems to be the strategy. They "hope" that things "should" get better.
But thank you for the reminder that just because there is significant inward investment it does not mean increased performance

Its not sustainable for 4-5 years. Start thinking about probabilities and degrees of certainty.

Safetynan " It really should get better with production from here on in, we’ll I hope so."
Great strategy. "Should and Hope"

Jaf, maybe he meant for the full year ? He's not very good at expressing units (of time or measure) He waslso pontificating that the small spread yesterday was the result of a large buy being processed. (So not good at numbers or intepretation either)

A)
But the result of A) could be B), C), D) …….

Damnation perhaps ?

IE.
A penny years ago ? You mean before the 100:1 Consolidation ? That would now be the equivalent of £1 ?
So 95% down ?
You are correct.

K3VMC "I unfiltered you to find out if you have a new angle of attack"
Yes, of course you did bud, of course

Pecten. You need to look through the mist. Your vision is not clear.
I'm really dissapointed with myself as a few days ago I called 160-170t combined production for Q4. Its now indicated to be 105t. A near 50% reduction from Q3. I'm normally much closer.
So, what does good look like ? WRES expectations are of 775t per quarter. How do you see this company producing a 7 FOLD increase in production ?
Deal with important things rather then criticising a person who called the failure correctly ? I can understand why you are peeved that you didn't pay attention but that is on you, not me.

K3VMC "It’s not rocket surgery."
I think you mean Science.....eg. Operating the filters is simple, its not rocket science

Geng "Indeed - why take a 20% loss ? And your answer to this is....??"

What K3VMC just said. It was a leading question.....
WRES cannot support itself. It needs hand outs. Its got the debt of an african nation and next to no income. Producing average of 33t Combined per month in Q4.
A soup kitchen performs better than this company. Maybe it should apply for charitable status.
Its a great write off provision for mastermans profits in his other ventures though

K3VMC "ICD wants WResources to have the cash. They want WResources to succeed, so they can buy tungsten from them"

Of course I understand the reason for placing over open market purchase.
At least we are agreed that WRES is on a path to failure, has no cash and would have failed right away if ICD hadn't bailed them out.

PS. Have your filters stopped working ?

Or put another way Impi.
A customer has just bought 10% of the company for £770k.
Mastermans holdings are around 14%

It's good business practice to buy your supply chain, it can lower your purchase costs. Just a thought......

"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."

520t in a full year. This is meant to be producing 775t PER QUARTER

The Placing is at a 51% discount to the Company's share price as at 31 December 2020

Looking like 4.9 . 4.8 Bid.
Don't miss your last chance .

Hilarious.
A placing. dilution. Bailed out by a customer.
"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. The Company expects to issue a Q4 2021 production report later this month."

Production to the end of Q3 YTD was 415t combined. The statement above therefore suggests the total production for Q4 was 520t-415t.

A total Q4 production of 105t in Q4

Au contraire. Try and execute a sell order. No one wants them