Member Info for goingunderground

Trader,
Troajan states If/when 200t per month
Run rate for Q1 + Q2 + Q3 is around 10t-15t a month. A long way from 200t.
Just for balance.

Oops I forget to add the US$2.75m they drew down in Oct. So in total, a little over US$65m ish

Too much. They are not even servicing the debt on the Blackrock loan. Keep rolling it over. I'd say USD$60-65m

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 $0.5m or so date You can call it US$63m
There have also been a number of placings to raise cash.
However they were awarded a grant of €5.3m euros in Mar 2018 which is yet to be paid. It is contingent upon meeting conditions. It has not been paid yet.

Hence why I said " but supported with a grant" No deramp. Just information

You really need to abate your selective reading to cause confusion. What did you do for a living Getinthere. I'm genuinely interested

Totally agree with you.
Is there a skilled mining labour force in the remote area to soak up the reduced working hours of the current employees (should this be adopted in Spain) WRES will need more people. They would require training and would also lack experience. Not a good thing.
Anyway, its all hypothetical, I know you like hypothetical.

Getinthere. Which part of "Hope of moving to 5 may be thwarted but supported with a grant" is an attempt to mislead.

You can blame your friend Troajan, he starts new threads.
Earlier it was said "I hope they don't go East. Valencia district are investigating 4 day week working."
But anyway, you need to keep abreast of what is going on in Spain. It isn't just Valencia, but of course you know that

https://www.telegraph.co.uk/news/2020/12/04/spain-considering-introducing-four-day-week-boost-job-creation/

Hope of moving to 5 may be thwarted but supported with a grant. We know spanish grants aren't quick

https://www.dailymail.co.uk/news/article-7987781/Valencia-plans-four-day-week-subsidies-companies-sign-scheme.html

I hope they don't go East. Valencia district are investigating 4 day week working.

Great to see this is holding above 40. Not a holder now, but fantastic for those early adopters that got in early on and suffered the worry

"it doesnt matter what the working days are.per week"

Is that really what you think ? So if they were working 1 day a week, that wouldn't matter?
Come on matey, you really don't think that do you

Apologies for the multiple postings. Seems cloudfare was playing up

A good day. I was starting to lose the faith again after buying back in 0.34 :-)

A good day. I was starting to lose the faith again after buying back in 0.34 :-)

A good day. I was starting to lose the faith again after buying back in 0.34 :-)

A good day. I was starting to lose the faith again after buying back in 0.34 :-)

Completely in agreement with you Troajan. This is why I disagree with poster making statements that production is increasing month on month mate. It is an unknown and its misleading when stated. I'm pleased we agree on something. Amen

Geng. How are your charts looking , not seeing the "gap filled" I guess everyone just has to wait ? A year or 2 years? Or, might this just flatline ?

It's not surprising Atlas have converted some shares, they need to get some money back at some point. They clearly do not see a path that will see the repayment of the debt. This way they at least get something back .
With no month on month Tungsten production being provided they must be worried.
Deeply diluting.

Come on then Getinthere. Answer the point. Month on Month you said. How about Oct ? How about any month. You do not have monthly figures only quarterly.
You troll rampers don't like being caught out trolling do you
Get back on the naughty step mate. Misinformation.