Member Info for goingunderground

Getinthere. Not sure if you saw this earlier in the month, but you may be a little wide of the mark on Euro W pricing.
This suggests $260-280 mtu. You may rejoice.
https://www.metalbulletin.com/Article/3425378/APT-price-range-widens-in-Europe.html

Funny :-)

I see tin at $28162

https://markets.businessinsider.com/commodities and also on LME.
Has it dropped to $26295 during trading today ?

Quite agree MIB. The comms are stinking.

Good luck

Yugoboss you are using the tin concentrate numbers. The concentrate contained 56.3% tin. Your numbers are assuming it was 100% which is not factual.
My numbers are correct.

Safetyman ". One wonders production levels. It’s only natural to wonder."
We will all have to wait until Mid/late April for the next production update.
Last quarter there was 18.8t of Tin. So approx 6.3t per month average. So every time tin goes up by $1000 a ton, WRES get approx £6000 a month extra. (based on Q4 production)

Only for you it seems getinthere. Cannot see anyone else with double posts. Get your computer upgraded mate.

Vaccines are more important that any share price.

L200 Haha. I iz 2 buzy has well. 2 mani peeple repeetong theirselve. Al the thyme.
Roleoverss
Atvb

OMR. The SP closed artificially higher yesterday because of an uncrossed trade. The reality is that it is neither up nor down today. You're welcome

I think you need to be at a minimum of 100t W a month for that. Even that is being beneficial.
The company will (should) know this figure, Would it not be a good thing if they shared that with supporting detail? My takeaway from the silence is that they do not want to publish it as it will demonstrate just how far away they are from achieving it.
The lack of anything says more.

Safety "If end up receiving .$20000 a ton for product ( either tin or tungsten) and can produce 50 tons a month that gives a million a month. Which is break even on my fag packet."
That is just revenue. Not profit. And before you say it the cost is not $94/mtu. (Despite the increasing tin credit)

Its around $245/mtu Safetyman

OMR. Its here
https://www.lme.com/en-GB/Metals/Non-ferrous/Tin#tabIndex=0

Thank you Getinthere. You have just highlighted the penalties that were attached to PIK. If you are not clear what PIK means this extract from the RNs 16th Oct 2018 explains. In essence interest is added to the capital
"First year interest is Payable in Kind ("PIK") and added to the principal while 50% of the second year interest is PIK and 50% is payable in cash"
The original agreement catered for a 2 year period. This was then revisited when the $7m further advance was agreed. So now they have to dilute by the stated %. We never heard about November and 3.5% dilution, but you can bet your last $ on it . Next payment is due Feb, lets watch this space.
Getinthere, I'm sorry that you struggle to see the realities here. I think your view is tainted by your concern for 6 figure investment. Worrying days, but I wish you well

Hello Getinthere.

Your extract from the RNS dated 16th February 2018 is correct.
"The Loan is subject to an average 5 year interest rate of 12.6%, being 14% in the first year, 13% in the second year and 12% thereafter;"
So.
Feb 2018 - 2019 Interest is 14%,
Feb 2019 - 2020 Interest is 13%
Feb 2020 -2021 Interest is 12%

Can you work the average over those 3 years ? Yes, its 13%.

We have not been made privvy if those terms have changed , lets remember that only the first year of interest was to be rolled over into Capital, in the 2nd year this was to be reduced to 50% PIK. To date it has all been rolled over including the third year. This may have attracted penalties or not. We are not told.

No misleading , No deramping. No lying, Nothing been "got away with" It is all in the RNS's.
Its easy for people to rant on about things being incorrect, without any supporting alternative.
DYOR and come back with your own take on it and if you were aiming your lying comments at me, kindly retract them.

You are being naughty
The debt is around $65m
If the grant is paid then it will reduce the debt by circa $6m. However Debt is debt you cannot assume the grant money will arrive.
Pretty desperate mate but ATVB

GBP is completely irrelevant.

Getrinthere. The calculations in my post were made in Dec, you would have to rework all of them The rate has moved significantly. The debt is in Dollars. WRES do not get paid in £GBP.
If you insist on £GBP my point is that the debt is closer to £50m than £40m if you consider a 25% variance acceptable, you should be worried.
The OP said £40m+ I just added why it should be circa £50m rather than £40m+
Anyway as Troajan keeps saying ATVB Bud.

Hawaii. Where are you getting your debt figure from? You are very low ball. Its closer to $65m

The last pertinent RNS in Oct for the blackrock debt following agreement of an additional $7m facility said "The initial US$2.75m tranche of funds has been drawn this week. The additional facility will, once fully drawn down, increase the total outstanding Blackrock facility to a principal of US$47 million plus accrued interest."

Back in Dec 19 an RNS stated a slightly different take "The additional facility and the roll up of interest (known as payment in kind or PIK) will, on drawdown, increase the total outstanding Blackrock facility to USD49.1m"
So stick another 13% onto that in a year gets you to $55.5m

Add on the €5m (US$6.1m) Santander loan from February and another US$2.5m brings you to around the US$62.5. Add the atlas convertible bonds at $1m or so date You can call it US$63.5m

I calculated these figures back in December, so you can stick another chunk of interest to the capital and upscale the $ rate because of the weak dollar.