Member Info for goingunderground

So, ATM have Zero debt.
Hardly a comparison with WRES is it ?

Farirplay Instantexpert. The photos are there as proof that you visited site and your observations were correct. I wouldn't expect to see an apology from the people that inferred you were a liar and had not been there.

Instantexpert -"No the car park was outside the site gate and the plant I was most familiar with was a telescopic forklift. Old CAT type. Haven't seen one of them in getting on twenty years."

A telescopic forklift will possibly only be used for loading the bags onto a truck. It doesn't get much use so will have lots of life left in it and the operators won't spend much time in it :-))

Disco.
On the ROM.
Ref q2 Production. I know it was on weaker ground, but back of a stamp calculation. If 200000t (It was actually 230,000) produces 106t of W Concentrate. , Then 2 million tons (Annual ROM from FID) would produce ten times that which is 1060t W Concentrate. FID states 2700t from 2Mt ROM Now that is a BIG gap, possibly one that Geng would remark on. It is 1600t short.
It would have been handy if WRES provided the ROM for July. Wonder why they did not ?

Disco.
You've heard all there is to hear. According to GIT it was "bad" It almost met my very optimistic expectation though. Nothing like enough. The ROM argument doesn't stack up on what we know. Maybe if you sent an email to WRES and ask them what the ROM was for July that would be useful. Next update the company have told you will be October.

Nice that you are still reading my posts. I'm pleased you find them engaging and thought provoking

Ref q2 Production. I know it was on weaker ground, but back of a stamp calculation. If 200000t produces 106t of W Concentrate. , Then 2 million tons (Annual ROM from FID) would produce ten times that which is 1060t W Concentrate. FID states 2700t from 2Mt. Now that is a BIG gap, possibly one that Geng would remark on. It is 1600t short.
It would have been handy if WRES provided the ROM for July. Wonder why they did not ?

Don't believe the maths of getinthere. I think his calculator is flawed by the the rose tinted spectacles.

Troajan "in cumming
3.2k"

Was that the remnants of your HE1 investment that just tanked 50%

Getinthere - "If we divide 68.1 tons by 46.32 x by 100 to get to what could have been achieved in 5 days with full ROM feed we get 147.02 tons, if we then divide by 5 and x by 7 to get what could have been achieved with full ROM feed in a 7 day week we get 205.83 tons and whilst this is circa 19 tons below our expected production levels, this calculation does not take into account any further increase in grades, utilisation etc all of which are expected to improve throughout the continuing ramp up."

Can you be clear because you are mixing things up. You are using the combined production number in your calculations, then stating the FID target as 225t per month. 225t per month is W Concentrate. Sn is 33.3t per month. (400tpa In the FID) So if you are going to use combined number then the FID target is 258t per month.

It would seem an appropriate thread to repost another post too. Just in case it gets deleted too. This was posted before the combined production of W and Sn were announced at 68.1t

"24 guesses and based on my categorisation there are the following guesses per category :-

Bad 1
Acceptable 2
Ok 2
Good 5
Very good 9
Excellent 3
Mind blowing 2

So, the very good range of between 109 and 122.3 tons is bar far the highest scoring category and if that range is achieved it would indeed be - very good ;-)

Instantexpert 147 tons
Safetyman 139
78rpm 132
Mullins 125
Nicetomichu 122.5
I’ll city 121
Troajan 120
Frogman 118
Bristolcupid 116.8
Yugoboss 116.6
OMR 116
2cvguy 114
Jaffaman 112
Getinthere 110
Stevebt 108
Gw123 105
Sammymac 103
Tonlin 100
Sleeven 95
Mifflin 85
Superbly 80
Wasp 75
Thomos 72
Rodrod 69

Total 2601.9 divided by 24 = an average expectancy of 108.4125 tons (I would be happy if we achieved that, ;-)"

Really sad to see that despite my optimistic guess of 70t was omitted from the list it was classified as a "Bad" outcome, I would however have placed 2nd. Was there a prize for the top 3 or just the winner?

A small collection of quotes

Troajan - "and 100k is just under 3 tons of tin....not even a day of mining"
Getinthere "Q3 we will produce over the 65 working days 410.8 tons"
Goingunderground to Getinthere - "You are setting everyone up for disappointment"
"Troajan -"so now we know,the mines capable of 100+t's per month gug....dont't embarass youself"
Getinthere- "Bad = under 72 tons"
Getinthere - "Mifflin. Well we will have to agree to disagree regarding this months production figures as I do believe that the fact that we are mining in the high grade ore areas will enable a significant increase in production.
Geng -"GIT - can you put GUG's guess on the list - he was pretty close last time:-"

All comedy gold. Typical of the pumping that goes on here driven by desperation.

RodRod.- Well done, I was at 70t You pipped me this time

This may blip up briefly today, Don't miss the opportunity and remember to close the door on the way out

What a load of drivel.

GIT. You won't be saying hello to a shareprice that gets you back in the black.
Enjoy the weekend

Safetyman. The poster has made 7 posts since joining LSE. Thanks for your note of concern but it really wasn't difficult. 01:21 Are you having trouble sleeping ?

Bless you riff raff. I note that you posted in June 2019 "Just over 2 mil holding for me at around.47 (47p in new money) so would love to double my money in next 12 months."

Maybe you should have read the green boxes. You've now got 20000 @ 7p in over 2 years that's £9400 reduced to £1400.
Sorry for your loss.

"Expert" You are not living up to your name. :-)
You post has no basis in fact at all. I'll start with "15% discount". I'll finish with "In fact they could draw down up to £2.15M worth at that price if they so desired"

"Expert" What difference does it make ? It doesn't. The price paid is the price paid. 6.4p. Makes no difference to Atlas. If the price falls below 6.4 then they may make a loss but you are suggesting that if they are issued quickly that will be to PI benefit when actually its just as beneficial to Atlas.
I don't understand your logic

Troajan - "and 100k is just under 3 tons of tin....not even a day of mining"

Look forward to the 60t of tin produced in the July numbers then shall we ? Utter rubbish

Safetyman -"There is nothing new about it having a dilatory effect that was not expected. "

I assume that was meant to say dilutionary effect ?
You are correct dilution was a known if Atlas converted. Its the scale of dilution that's WRES problem.

First tranche was £500k sp was 14.5p (In new money) That is 3.4m shares. At todays price its 7.8m shares.
Do you understand the problem now ?

I've been sitting quietly but really this takes the biscuit

Instant Expert - "And, of course, the MC, once this breaches the 8p placing price, and ignoring intraday trading spikes, will be at its highest this year."

Yes because there are 50% more shares in circulation following the dilution. Remove the dilution effect and the MCAP is on the floor .
The attempted ramping and pumping on here in the last week is bordering on the obscene.
Production numbers for July Masterman. where are they ?