Member Info for goingunderground

Topb, they are not 5p buys they are half penny buys ! Decimal points matter

Whoops. Wrong thread. I have no idea

Definitely a rabbit away. I've not seen this before

Safetyman - "so perhaps there is some kind of buying low and selling on rise thing going on?" YES that is exactly what Troajan does. Its called sharedealing.

" The trolling reduced Friday afternoon as Troajan said, so that may be a sign of something." Even so called "Trolls" have a heart.

https://www.thelocal.es/20210128/portugal-closes-land-border-with-spain-as-virus-cases-soar

Sammymac. The "piddly little trade" at the end of the day is an uncrossed trade. It will open on Monday 0.0975 based on the closing Bid/Ask.

The day traders have arrived. Its on the up now

Based on my spreadsheet and using the current bid of 0.8. Anyone with a "typical" average on here of 0.5. Is now 84% down.
All previous confrontation aside , that's a terrible situation that I wouldn't wish on anyone. Sad day

another 0.07% fall and WRES is top of the share fallers league. It might spark some buys from the bottom feeders. Always positive

I pop out to see my mum and look what's happened. Anyway. I'm back now.

Blind leading the blind. 100t per month W will not be sufficient to breakeven. You are forgetting about servicing the debt, you are forgetting about paying off the capital that is now well North of $60m
Post whatever number comes into your head. Its fine. Never forget , current run rate is 33t per month. It needs to be 225t per month to meet T2 of the FID and its 18 months behind plan already.
As Geng would say "fill the gap"

Discopablo. If you go back to 14th Jan on the BB you can see his posts (southwesterners)

Troajan, does not understand the numbers either.

Here is the extract from southwesterners post. Which is the best explanation I have seen
"106.5 tonnes of tungsten concentrate. Containing 61 tonnes of WO3 metal. The then APT price in H1 2020 averaged around $160. 80% payment of that. 0.8 x 160 x 100 x 61 = $780k.

64.5 tonnes of tin concentrate. Containing 32 tonnes of Sn metal. The tin price in H1 2020 averaged around $15k. Take off 12% smelter fees. 32 x $13k = $410k

$410k + $780k = $1190k
$1190k = €1070k"

You can see that your simplistic approach does not hold any substance on the revenue line.

In respect to OPEX. You need to understand that this is calculated on the scale of full production over a long term. Also you assume that that the per mtu cost is fixed. It is not. Its linked to production volumes. Simple analogy using made up numbers. If the fixed operating costs of the business were £1m but only 1mtu was produced then the OPEX would be £1m per mtu. If 500k mtu were produced then the Opex per mtu would be £2.
Not exhaustive by any means, but points away from an assumption you are making.

Discopable - "does anybody have an opinion on my calculations?"

Yes they are wrong, in so many ways. No, I'm not going to explain

Correct Superfly

Looking like opening at .1025

Joey, none of this £100k goes to the company. They had it months ago. They (Atlas) are converting the debt that they are owed to equity. Then they (Atlas) sell the equity on the open market to get their cash back. (Rather than wait for it)

Yep, Atlas clearly want their cash out of this quickly. Wonder why ?

but maybe not for long.

a blue start to the day :-)