Member Info for goingunderground

Getinthere "Q3 we will produce over the 65 working days 410.8 tons"
I'll add that guess to my spreadsheet . You are setting everyone up for disappointment

During which time the share price has fallen from 30p to 7p and the shareholders have been diluted by 70%. Great work.

What does it matter where you live ? Weather forecasts would be useful, especially if there's some drizzle

Mifflin. Hello. You are new here. Suggest you wait to see what happens before passing comment. There is a huge extensive catalogue of missed promises and rhetoric. It would be really good if WRES provided a monthly update on production (Not shipping) and all the associated stuff that goes with that. You'll excuse me if our opinions differ.

Troajan - "250t is t3 m8...you'll fing the mines on t2"

Don't embarrass yourself with your lack of knowledge and misinformation. Its desperately misleading

Page 2 of the FID
Phase 1: T2 2Mtpa ROM producing 2,700tpa of WO3 concentrate
Phase 2: T3.5 3.5Mtpa ROM producing 4,000tpa of WO3 concentrate

So T2 is 225t per month of W Concentrate (675t per quarter)
T3 is 333t per month W Concentrate (1000t per quarter)

Then to get the combined number you need to add Tin (Page 7 of the FID)
FID States "The La Parrilla Project comprises of a staged development at the La Parrilla mine with the initial
phase delivering 2,700tpa of +66% tungsten concentrate and over 400tpa of final tin concentrate at
>52% Sn"
Thats an average of 33t per month.

So at the current t2 stage that's 675t w + 100t Sn A total of 775t per quarter. (Production figures being celebrated today were 120t) BIG gap

Getinthere "That might lead to a new low and you might be able to buy back cheaper than you sold for, but when we get the figures for July in early August and they show a big improvement the SP will go up significantly mate."

You do not get monthly production figures? Next official update will be mid September for Q3 (Jun, July, August)
You know this too. Misleading people .

Not invested Graphicboy.

Troajan -"so now we know,the mines capable of 100+t's per month
gug....dont't embarass youself"

Embarrassed ? Not at all. The mine we were told was capable of of more than 250t a month. Theres a GAP for Geng to fill.
Celebrating an extrapolation to arrive at 100t is embarrassing in itself , when current production numbers indicate an average of less than 40t

Anyways. I wish you all good luck (I'm not gonna say you need it)

(Troajan. I'd hate to play scrabble with you )

There may well be a small tick up during the day, but its likely to be short lived. Recently arrived investors may see the opportunity to cut their losses.

K3VMC "You probably just forgot that the FID had $245/mtu for tungsten and $18,000 tin."

No not missed that at all. The increase in prices should produce additional revenue and profit if production is acheived.. My point is the production expectation was around 250t concentrate combined per month. I don't see that happenng.
I understand that a level of profitability could be reached on reduced production , but you also seem to forget that borrowings were meant to be around $37m. They are now MUCH higher maybe $65m-70mt and they cannot afford to even service the debt (Never mind reduce the debt) without placings. This is a long long way from a functional business.
All IMVHO of course

But of course you know this.....

So that is revenues of a little under $2m for the quarter.
W/Sn ratio has fallen back to around 20% from 30% + the previous quarter.
A red start to the day.

In order for this to hit the aim of 880-100t

H1 production is 228t Combined. This means that H2 production needs to be a 300% increase to hit the lower of the 880t estimate for FY. I do not see that happening.
Also factor in that the FID (Based on MUCH lower debt servicing) required more than 750t per quarter to meet plan. This will never happen.

Further cash raises will be required
I think the writing is on the wall.
All IMHO of course

Teats, They don't publish a date when the will provide the results. It is imminent though

Sorry Jaf1948. I did think it might cause offence but only after I hit the button. :) Unreserved apologies

Funny that whenever you pop (JAF1948) that K3VMC does too. Are you the same poster

No, I would never ever post something as irrelevant as a general market update on oil/gas on the bulletin board of a small , loss making, unproductive tungsten miner. Principally because it has zero relevance.

Richard, hunny. I was answering Steves question. That's all and then agreeing with Instant expert.
I'm not interested in any way with Lekoil, not at all. You are in this and you've been buying this all the way down, 12p, 11p, 10p....next up 6p. You also seem excited by the prospect of the production numbers ? You know the number is going to be woeful but you also hope that some less knowledgeable will buy on these numbers. Gutter stuff.

Toodle pip hunny. Enjoy the footy

"L2 only helps traders on shares with much more liquidity than this."

Much more useful that Chartists :-)

Steve. L200 has Levle 2 access. As at close, the highest a MM had the bid was 6.9p. The next MM was at 6.5p. If the MM paying 6.9 disappeared then the bid would be 6.5p The current lowest offer is 7p. That would make the spread 6.5p - 7p or a shareprice (Mid price) of 6.75p

To see this data you need Level 2 access

Hope this helps . Have a good weekend

Hope that helps

What a Richard.
Sweet dreams hunny.

No sense of humour......have you ?
NFG