Member Info for InstantExpert

Beginning to sound like Donald Trump:

Misinformation?
Fake news???
Make Wres Great Again!!

Time to start the Xmas production guessing game IMO- liven things up a bit.

IE

And if the answer to my previous post is that La Parilla has been busy processing Iberian Resources surface ore, might that not have put constraints on the amount of ore being processed from the La Parrilla mine?

It certainly has me confused.
Iberian Resources is the annexure to La Parilla which, as far as I can tell, has seen great development in the last two months. Massive amount of earthworks visible, yet I am unaware of any ore being fed from there to plant in La Parrilla.

So, how can it be EBITDA positive, with no income?

"gengs charting that around 9p and 12p are gaps"

There has since been 30% dilution so you might want to reassess those intervals.

IE

July Total: 68.1 ton
August Total: 75.6 ton
September Total: 147 ton

So 290.7 t. for Q3

Thursday is favoured by WRES to release quarterly reports.

I reckon that even I am going to have to pass on investing in a share where the resident paid ramper has only 66 posts to their name.

Shame really, I'm generally much easier led.

IE

Gold knocking in $1800, PGMs surging.....

Looking good for WRES too!!

"is that just an assumption because you were hungry, so they must be too?"

No, they were all together going somewhere and I thought, at the time, that it was a shift change but no more came and I assumed they were going to lunch. There is a very small shop with no window 3Km from the mine.
They were certainly very dusty and veryhappy Spanish.

The point I am trying to make is that, in this theatre, everyone lies. If you want go short on a stock then you do everything to promote it online so that people buy your shares when you want them too.
If I had done the opposite of whatever Zak Mir, Motley Fool, Proactive Inv. Etc had advised over the last 15 years I would be far richer than I am now.

IE

Any 12hr shift I have ever worked started at 7 or 8 am/pm.

When I work a telehandler I never leave the machine. People just try and befriend you in the canteen, then ask for favours later on out on site.

Ponfeigh.
There must be some form of site canteen now but, on the latest visit we arrived at 13:40 local time and three vehicles (a jeep and two cars) were leaving as we got there. About nine or ten workmen who looked like they were off somewhere to eat. If they're working 12hr shifts, I do not think it was a shift change as it would have meant that there was another at 1:30am. Unlikely IMO.
The nearest, and best, restaurants are truckers stops on the motorway. We use one at km375 ( past Merida) which serves a choice of 20 or so first plates, followed by either a massive steak or eight lamb chops, followed by big choice of homemade puds.
15€ including half bottle of wine.

Or they could have gone to Don Benito.

Good food in Extremadura.

IE
.

Feels to me like the Q3 figures are being withheld for a reason.
Personally, I heard nothing new, aside from the director changes, in MMs podcast yesterday.
I was hoping for confirmation of the tin coming back on line after August's slump but he never even bothered to mention it.

I was really upbeat after my last site visit because there was a really good atmospheric buzz in the air. Nobody was standing around chatting, everyone was happily engaged with whatever they were doing and doing it energetically. Even the crews driving away for lunch gave off a very positive and exuberant vibe. That, together with the Huelva trucks, drove me to pile more in here.

Then MM starts umming and ahhing about things 'starting to look like they're going to pick up through the final quarter into next year' and I'm not so positive now.

Why couldn't he lump it all together?
Pablo's not leaving until the 18th so, if the progress is as good as it might be, surely he would have been better releasing it all on the same day?

Stinks of more placement/Atlas drawdowns to me.

I hope to be proved wrong.

"is this supposed to indicate the end of the road for EML, because of the curse of Zak Mir's podcast?"

Not necessarily, no, simply a downhill cruise while Zak does what he does: ie work his own book.

Why does MM do a progress report interview the day before Q3 production RNS is due?
Surely he could have waited a day or two and then answered questions about the state of recovery rates going into the final quarter.

Never a good sign, resorting to Zak Mir publicity interviews. They have often been the precursor to a downward trend in a company's SP and should be treated with extreme scepticism IMVHO.

"JLP was stagnant around 3p for so many years due to constant placings and cheap warrants despite all the good news. soon after the they start cashflow positive and no placing"

Until last week, when they placed £30M after, guess what, the CEO twice reassured shareholders by definitively stating in interviews, "THERE SHALL BE NO MORE PLACINGS."

Now JLP are 15p.

DYOR

It's going to stick at £10M MC, that's just normal.
That's a 20% on last week.
I cannot see investors paying for a higher valuation until Q3 production is released, hopefully Wednesday.

Every trade today is a buy so far.