Member Info for goingunderground

Cheer up Franny ;-)

and you are yet to see the the next RNS of a new placing/fund raise IMVHO.

Original question.
You state 200t ?

200t of what ? Iron Ore ? Steel ?

Absolutely no bearing on WRES. Not a one word mention of Tungsten or Tin

He just makes them up with zero rationale.

W Sn Total
GUG 109 26 135
OMR 102 38 140
YBOSS 108 36 144
SFLY 110 35 145
WASP 105 40 145
SAFE 120 30 150
Sleve 125 30 155
GIT 120 40 160
Geng 126 41 167
Golf 132 35 167
Jange 128 48 176
Happy 120 60 180
Gazza 131 50 181
KCURL 125 70 195
Bristol 148.5 58.5 207

Usual spout, 200t of what ?

The full 6 months of Q3 and Q4 produced an average of:
17.5t W Metal/Month
4.7t Sn Metal/Month
An average of 4 day/week working in that period. (3 day/week Q3 and 5 day/week Q4)

Assuming these averages at 7 day/week working:
30.6t W Metal/Month
9.2t Sn Metal/month

Where is this huge leap in production coming from that you are speculating might happen.

Reminder of the guesses for the the full 3 months of the year (Concentrate, not Metal)
W Sn Total
GUG 109 26 135
OMR 102 38 140
YBOSS 108 36 144
SFLY 110 35 145
WASP 105 40 145
SAFE 120 30 150
Sleve 125 30 155
GIT 120 40 160
Golf 132 35 167
Jange 128 48 176
Happy 120 60 180
Gazza 131 50 181
KCURL 125 70 195
Bristol 148.5 58.5 207

200t of anything is a fantasy.

The problem was is that if as he states he paid an average of 0.7p for 13m shares he has invested £91,000
They are now worth £14950
A LOSS of £76050 ( or 83.5% down)
Personally I'd put the £14,950 in my pocket.

I wouldn't want to be in this one over the Easter bank holiday.

Currently 12-14. Only 4 MM have this priced.
Sp after consolidation is currently down.

25t of what Getinthere. METAL or CONCENTRATE. I'm sure you know the difference.

Getinthere "I’m not expecting much movement in the SP now until we either get other news, or, until a week or so before the results are due."

So you are now expecting the results in the first week of the month ?? Its always been the 3rd/4th week of the month. Why the sudden change in your expectations ?

I hope the make the link Safetyman. Getinthere comes back to board with misleading statements on the eve of a consolidation. Yes, the board livens up.
"I also wonder at the progress on the Regua ore getting shipped to la Parilla is going" - Regua was meant to be a standalone. No provision in the FID for W to be shipped to LP. LP should be able to stand on its own. It cannot hence the talk of shipping from Regua to LP.
"Then I wondered if after consolidation we had figures showing increasing production" - You will have placings and increased Debt sometime shortly after consolidation. That is all you can "wonder" about

"I have just been wondering a lot" - I can understand why one would wonder, about how unlikely WRES is to generate sufficient production to pay interest on its loans.

Lets see where this is in 14 days. How much additional debt they have or how much they try and raise in placings. Dilution and Debt. This is the future.

The price of Tungsten is largely academic when the mine has produced a small fraction of the FID level. It has never produced enough to wipe its face let alone pay interest on the blackrock debt. Profit is a fantasy.
WRES is the company that just had to subsidise £22k) the purchase of £100k worth CLN's. A strike rate of 0.08p per share.

Getinthere, you are back with your desperate ramping and misinformation.

You neglected to mention that WRES current P/E is -3.102. (Yes that is a minus sign)

Also you state "If WRES can produce 25 tons combined per week at at a combined price of $20,000 per ton (which is roughly half of what our target production level is) we would generate $500,000 per week at 30 tons that’s $600,000 a week
"
25tons of what ? Have you forgotten how to calculate revenues now. The CFO of WRES has already told you once, now you've gone and forgotten again.

Target production (FID) is 225t of W concentrate per month and 33.3t of Sn Concentrate. That is a total of 258.3t PER MONTH
Your statement regarding 25t (100t per month) being "roughly half" is wrong. Its 38% . Very rough.
Furthermore best known production (2020 Q4) was 10.2t TOTAL per week.

I can award you the bullshire award for your statements. Pure lies.

Troajan. WRES have drawn down £1m, not £500k. Atlas have yet to convert £500k. Do you understand the difference ?

Know your numbers, otherwise it's misinformation. Hopefully you will remember how to calculate revenue.

Yes BC. Its amazing how many people will see it then think "I don't want to miss this ride". Lots of silly people about who don't research. I'm sure it will be top of the share risers all day with 100:1 Consolidation.

No surprises there then

Buy in ? Not a chance.
Atlas still have 0.5m of CLN's outstanding
Historical production is not enough to pay the bills.
100:1 Consolidation then the placing will follow. How much?
Q1 production figures
FID 673t W Concentrate per quarter. Estimates below. from holders and non holder suggest Zero confidence of this number being achieved.
W Sn Total
GUG 109 26 135
OMR 102 38 140
YBOSS 108 36 144
SFLY 110 35 145
WASP 105 40 145
SAFE 120 30 150
Sleve 125 30 155
GIT 120 40 160
Golf 132 35 167
Jange 128 48 176
Happy 120 60 180
Gazza 131 50 181
KCURL 125 70 195
Bristol 148.5 58.5 207

Bought in ? Not likely m8. Still at least you know how to calculate the revenue now.

It's April Fools day on Thursday,