Member Info for goingunderground

With posts like that Jaf1948, you are welcome anytime.

Ok, KV3MC. Here is one of your former posts "20,000mtu x (($300/mtu x 75%) - $95) = $2.6m. 12 months x $31.2m ebitda."

There are at least 2 La Parilla in Spain. So I picked the wrong one, fair enough.
Care to explain the rationale behind your previous post. Of course not, It's complete RUBBISH.

Why on Earth would anyone take you seriously when you claimed to be heavily invested here yet claim an EBITDA of $31m when if you are lucky Shard are predicting $0.3m

Safetyman - "What I personally want too hear about is next steps in realistic achievable terms for production with figures that are clearly achievable rather than hopeful expectation."

Its in the Shard report (I have it now)
"For the first time, WRES has issued production guidance. Thiscovers the remainder of 2021 and focuses on total concentrate production which we take to mean tungsten concentrate plus tin concentrate. WRES believes that the plant improvements along with higher grades and recoveries will see production increase. The company expects total concentrate production of between 880t and 1,000t for 2021"

Still an expectation, so this will likely be higher than what will actually be achieved. Take a middle average of 940t deduct the 90t produced in Q1. That leaves 850t with 3 quarters to go, an average of 283t per quarter of combined concentrate .
production. NOT LIKELY

Honestly, Getinthere "We just need to produce and sell enough to get to the point where we break even and subsequently to making a profit."

Really, thats such a unwise comment. unless you support it with a time period.
WRES have stated their production expectations for the 2021 full year of 880- 1000t of combined W and Sn Concentrate. That will be over egged of course, but in any event at that level it CANNOT make profit. EBITDA of $0.3m.
OPEX of $249/mtu on a product for which you receive $135/mtu

Nothing good

Scorpio. You missed one off.

Its been raining.

How original

I don’t expect you to understand that the rules for commercial transport are different
“ - Road traffic at internal land borders is prohibited, regardless of the type of vehicle, with the exception of the international transport of goods, the transport of cross-border workers and the circulation of emergency vehicles and breakdown vehicles.”

Im not talking about going on holiday.........and I can find the pertinent information in English
Transport of Tungsten from Regua to LP is entirely possible. I know this because I pay attention.

Next ?

Pecten. I get slightly erksome.

Please see below the weather for Merida

https://www.worldweatheronline.com/merida-weather-averages/extremadura/es.aspx

AS expected the trends are very similar. Rainfall of over 100mm is common place. I think were we talking about 200+mm that occurred in April 2018 that is probably a bit of a 1 off event. But over 100mm is nothing special.
K3VMC. I was responding to a question with what I believed the be pertinent data, Wrong place , but when researched further proved to be entirely correct. No misleading data. Crawl back under your stone

Pecten. No there was no apology as none has proven to be necessary.

So now that you have historical information that 100mm+ rainfall is regular for many years and is entirely normal. We can only assume that the excuse provided by WRES was just that an excuse. Its been raining in LP much longer than the mine has been there.

I love being correct.

Pecten. I was trying to help you. Get your own numbers

Trojan why do you post comments with no relevance to the conversation ? Misdirection ?
Ebitda 0.3m $19900 per ton concentrate OPEX After tin credit. 1000t combined best outlook for total production in 2021.
Rain, Covid, it doesn’t make any difference.

Ah my bad. Feel free to provide data

107mm in Apr 2020 but not a mention of it back then
Can you read graphs Trojan? Actually no answer required....I know the answer

No surprise to see that the rainfall is entirely normal.

https://www.worldweatheronline.com/la-parrilla-weather-averages/castilla-y-leon/es.aspx

Probably just another screwup or excuse.

39.0765° N, 6.0789° W

Do you understand the financial mess ? They are bereft of money. No prospects until the end of the year and even they are weak. The company is intensive care on a ventilator with an oxygen shortage.

Multi-posts of inane drivel.

BigEvilyn. Enjoy the wait. I hope you have youth on your side.
There can be nothing at all in that document that take this back to the ROI upon which the money was borrowed. EVER.
OPEX $199/mtu thats AFTER The tin credit has been applied and before a single interest payment has been made. Based on 910t (optimistic in my view) of concentrate produced in 2021 and $6m interest due you can add another $65 per mtu
Selling price $260/mtu. Actual Revenue (260*65%*80%) $135/mtu

So back of fag packet: Income = $135/mtu OPEX = $264/mtu A deficit of $130/mtu. Not a penny paid off the debt and more debt to come to fund the shortfall.

Bigevi.

I've not seen the document, just heard the pertinent detail. The counter would be that I've not seen any of the ramping squad posting what I posted, I mean EBITDA $0.3m its comical.
This will not get to 23p. Have you seen the share price ?? At 23p almost everyone (if not everyone) will still be 40-50% out of underwater.
I'm sitting waiting for the next RNS. Placing/Debt/Dilution/further conversion or even worse additional drawings from Atlas.
Who knows.

Opex $248/mtu without tin credit ($199/mtu with). I hope everyone that has been working the OPEX out at $94/mtu is now contrite and corrected. Of course there will be no apologies will there from the rampers.
Forecast EBITDA FY2021 $0.3m
Production est for FY2021 Total of 910t (W Concentrate and Sn Concentrate)
Blackrock Interest payments PIK for the year
T3.5 pushed back 2 years. No 7 day working "expected" until Q421 I don't have it yet these are just the "highlights"
What a s4itstorm.

I don't have the document yet, anyone care to share the full content ?I

I bet you wish you did have 10 mil @35p. Are you mixing Pre consolidation holdings with Post consolidation prices ?