Member Info for goingunderground

I'm guessing that Paul maybe Paul Hailes. He's the CFO so would know such basic stuff. Don't know for sure, or whether the alleged email is genuine, but the answer is correct.
Familiarise yourselves with the units of measure here taken from the Q4 report
WO3 concentrate (dmt) Q3 - 54.7dmt Q4 - 100dmt
WO3 concentrate grade (%) Q3 - 69.8% Q4 - 67%
WO3 contained metal (mtu) Q3 - 3820 Q4 6698

Lets use the Q3 numbers for example. There were 54.7dmt produced. The grade was 69.8%. 69.8% of 54.7 = 3818 (3820) reported)
Now do the same with the Q4 result. 100dmt x 67%(Grade) = 6700 (6698 reported)

You all shout a price out that you have seen published that is quoted in mtu but then you calculate income based on the DMT value. This is where you get your errors. So for q4 it is $xxx per mtu X 80% x 6698. Substitute whatever price you think instead of xxx.

In simpler terms, if you were selling coconut you would not expect to be paid for the coconut shell, just the actual coconut contained within it.

I hope this is clear enough.

Thanks for clarifying this Superflymofo. I've been castigated for a long time over this. Anyway, I was correct.
I hope Getinthere, Troajan, Safetyman and others are now contrite .

Yes, its taken a definite jump up today after a lacklustre yesterday.

That's like a list to Santa Claus (He doesn't exist either)

OMR, its Bloooo again. ;-)

Just banter OMR. No malice. You may get blooo again today yet, or maybe some more booo ;-)

Troajan - "i see someone bought into premto me,youve bought into a 300% spike which isnt a very good idea....but gl anyway,ide be selling,not buying..imo"

Looks like that was great shout. He's made close to 100% profit on the money that he took out of WRES a couple of days ago. Just as well he didn't follow your advice. IN my opinion no-one should.

OMR. You will soon be saying "Oh look, Boooooo"

You are not producing 110t a month. What utter misleading rubbish. Do not be taken in by Getinthere's post. It is a fairy story

Safetyman - "if get GUGs production figures we will be in clover imho"

They are NOT my estimate of production. Not ever. That is what is required now, to keep this above water.
My expectation of average production in Q1 2020 is around 35tpm (W)

150pm (W) and 30t (Sn) for clarity

Troajan. You are agreeing with something I didn't say.
150t will be break even IMO

Do you really believe anything Masterman says ? 10 years ago ? Really! Thats a load of old tosh meight

Crikey Getinthere. We are on the same page for once. Good night

I disagree Troajan.

MCAP = No of shares in circulation x sp.

Safetyman, many words.
The reality is that on close on March 31st if the MCAP was £7m then after consolidation at 8am on April 1st, the MCAP will still be £7m
This has no bearing on whether the company can refinance (it does need to lose the 12% Blackrock penalty) Any replacement financier would look at fundamentals. MCAP £7m Debt £50m (lets assume) Revenue £xxm OPEX £xxm. Those sums don't add up at the minute to get premium finance at say libor +1.5% and the consolidation alone will not improve the outlook.
The production will have to take a very significant increase from the levels it was at in Q4. I agree with Troajan that 7 days would help, but, only if the production generated in the extra 2 days covered the additional OPEX that would be required to run the mine for those 2 days.
This will live or die on production. FID states 225tpm(W) but if it can get to 150tpm(W) it will have a chance. 50tpm(W) will not cut it

MIB. I think you are not understanding this.
If you thought that this might get to 0.35p to allow you to break even. After consolidation that uplift % is just the same . Your £3k purchase buys exactly the same % equity. No difference.

" So after consolidation exercise price becomes 60p ??"
Yes, that would be logical assumption as things stand 454647

Incidentally, I see a UT has pegged WRES at 0.9 when it should have closed at 0.925. So Oldmother, you can hopefully rejoice when it starts with some bloooo in the morning :-)

Man in Black. I don't want to wet on your chips, but, it 35p not 3.5p.

And on the UJO consolidation of 200/1 . It closed on Wednesday as you correctly point out at 0.14. It closed today at the equivalence of 0.1425 (28.5) The 29.4 that you quote is the result of an uncrossed trade if you check the data, bid and ask. . Hardly a success, but then consolidations are not about a gain in that way.
The gain for the business is that they will be able to issue shares again (dilution)
Troajan has recently quoted that EDL have undergone a consolidation. Almost immediately after the consolidation the cup was being passed round to raise £900k which equated to approx 30% of their MCAP at that time.
I don't recall anyone making a song and dance about what the sp will be at the close on April 1st, it should retain its value all things being equal. It is what follows that will be scary.

Yes getinthere, that is definitely good news.