Member Info for goingunderground

I've never heard such rubbish

Getinthere

Mining companies report production quarterly, that’s what we are doing, he reported in January and will do so again in April, July, October and then again next January.
We are in the ramp up phase, this means that they are working hard to ensure that every piece of the kit is set up to optimum level, we know from what he has said that changes to the set up have taken place, and that he now expects us to quickly reach 80% of our full production level
We are in the ramp up phase, this means that they are working hard to ensure that every piece of the kit is set up to optimum level, we know from what he has said that changes to the set up have taken place, and that he now expects us to quickly reach 80% of our full production level.
Chill out and wait mate, the April announcement will be important, but, the July figures will be the ones that should lead to a serious rerate."

Signed

Getinthere Feb 20th 2020

So was I.
I'm not sure what getinthere see's positive about an extra $6m worth of debt though.

Dreamingof. It was an assumption, not a prediction.

Troajan, do you even have any idea what you are talking about ? Who is legally obligated to do what ? Atlas do what they want when they want, no legal obligations on any party when it comes to converting a CLN. WRES have no control over it.

Sorry completely my error. You are correct. I have asked admin to remove my post

Jaffa "we've nearly produced as much in April as we did in Q1?"

No these are shipped numbers not produced numbers.

Oh, how we laughed

He can walk on water.
Shame they are obfuscating by providing shipment numbers rather than production numbers.

RodRod. Serious question. What do you want to be when you finish school and grow up ?

Troajan "so obviously,the mines problems,from 2020,are believed to be ironed out"

Nothing obvious about that at all. 910t for the complete year 2021 forecast. Its obvious that they don't have it sorted out and 2021 is going to be heavily loss making

K3VMC
"That makes no sense. Commercial rates are obviously affected by price. If the price of tungsten was $600/mtu, then clearly, they can have commercial rates with less production"

Production at commercial rates. if you want it spelling out. Its like a childs toy at the minute. Oh what a failure.

Currently, getting it out of the ground at commercial rates is far more important than the price. They have not been able too yet and the Shard reports indicates that they will not for the remainder of the year. As for next year, who knows.
Onto the 90m shares that are quoted. It does not take "into account the further expected dilution within their figures" It prices in the KNOWN exercisable instruments. So Atlas/warrants and Blackrock. This does not include any further dilution that will likely soon be coming along.
Sleep tight

You are like a child in a primary school.

Remember they were paid for writing it and its a "Marketing" document. Its made to look as good as it can for a polished tard.

Actually, its now on the WRES website

https://wresources.com/investors/research/

Just drop an email to Investor relations Dreamingof

Safetyman

2 points.
1. I am referring to the new Shard report from 16th April 2021. Don't you have it yet ? You should get it, its pretty awful reading
2. I agree with that explanation you have just provided, those cost s are variable OPEX, there are other costs that are not, they are fixed. Things such as Salaries. Rental payments, Interest, Capital repayments etc.

You really need to think about the basis that you invest if you don't understand such things.

Rubbish Safetyman. Your argument makes no sense and is not true
Figure 5 Page 6

Financials (US$m) 2021 2022
Total Revenue (US$m) 11.5 34.3
EBITDA (US$m) 0.3 15.1
Total opex (US$m) -11.2 -19.2
Opex ($/mtu) 248 131
Opex inc by-products ($/mtu) 199 103

For the critical issue of metallurgical recoveries, we assume a gradual improvement in both tungsten and tin recoveries over the remainder of 2021. For tungsten we assume, 40%, 50%, 65% for Q2, Q3, Q4 and then reaching target 72% by 2023. We believe this is reasonable given that the plant has already proven that it can run at 60% recovery (in February) but only time will tell whether this is too aggressive. For tin recovery we take a similar approach, assuming 50%, 55%, 60% for Q2, Q3 and Q4. Opex remains difficult to peg given the stop/start operation of the plant and lack of published guidance. However, we assume high costs currently, and an average of $172/mtu inc tin credits for 2021, slowly descending to $102/mtu long-term ($130/mtu before credits). This is purely an assumption, and we may have to revise this when WRES starts providing operating cost details. On the corporate side, our model assumes Blackrock interest is paid as PIK for 2021, and then cash interest thereafter (roughly €6m p.a). We assume the €5.3m Extremadura grant is paid in H1-2021 as per the 15/1/2021 RNS.

Just come across another humdinger of wisdom from K3VMC. Look at the Share price it was over 50p in new money

"K3VMC Premium Member

Posted in: WRES

Price: 0.505

RE: Team wres27 Jan 2019 11:46
Inky

“1. .When will Wres become self sufficient in capital income , turning a profit and self funding current projects.”

Wres will be ebitda and cash flow positive from the end of Q1.

“2. At what point will further dilution of the shares for current projects be no longer necessary”

The last placing was to get Miton on the register and fund “something else”. LP is paid for and Régua will be paid out of cash flow and the small change left over from LP development.

“3. Does he envisage consolidation of the shares to make the company fit the profile for investment by institutions pension companies etc who won't invest in fractional penny shares but will invest heavily and drive the SP”

He will consolidate shares when income is proven. There are enough nervous nellies as it is, without giving them something else to twist knickers over.