Member Info for InstantExpert

"As a distributor we understand the time it takes to bring a mine into full production and after a number of issues with both plant and access to ore we believe the Company is now at a stage to step up its production. We are excited to become a significant shareholder and participate and contribute towards the Company's growth."

Certainly doesn't sound like ICD think La Parilla is going to be toast this quarter, and they would know as well as anyone.

IE

"The Placing is at a 26.3% premium to the Company's share price as at 31 December 2021."

Sounds good to me. With a further big investor, especially as they're ICD, it's got to be harder taking this private IMO.

Roll on Q2, 2022.

IE

My personal take on WRES is that MM, together with the Spanish investors that Neira went to work for, will find a path to taking La Parilla private.
That neither makes this a sound investment for PIs, nor does it signify La Parilla is going down the pan.
Just means it's going to follow Sirius Minerals and stitch up Johnny Public (UK PIs) for the benefit of the mining industry elite (Spanish businessmen and MM in this case)
AIMHO obviously.

Happy New Year

IE

Every sell is a buy and vice versa.

" I genuinely fear that the new year could well see the demise of this company."

Didn't appear that way the week before Xmas when I passed by La Parilla on our way down to the coast. Very lively there still.

IE

And a Happy New Q4 production figures!

IE

"UK Government advice for Morocco said: “The Moroccan Government has announced the suspension of all flights and ferry services to Morocco with effect from 11.59pm on November 29 for a period of two weeks.

“Travellers should contact their airline or tour operator for advice on their return.

“Some airlines, including Air France, TUI, Royal Air Maroc and Transavia are continuing to provide commercial flights out of Morocco.

“Contact the airlines direct to make a booking. British nationals in Morocco who require consular assistance should call the British Embassy.”

So why pay for L2 if you have no intention of buying any shares?
Seems odd to me.

Signs on the motorway all the way down from Madrid advise no traffic crossing to Morocco except freight.
Don't expect anything soon :-(
If Ever.

Still only freight passing the straits.

Buys being offered under mid-price?
This is heading down again IMHO.

I don't have level 2.
I didn't realize it offered time travel for £14.99 a month.

IE

The fact you knew that at 07:42 is very revealing.

Ho Ho Ho!!!

Yet another 100 code today!!!
If this takes off like it looks about to, I might get the Morris rewired.

Tik Tok.

IE

Went to NT to sell 25,000 shares.

Getting harder to sell now.

Safety

"releasing super good numbers would have enabled a better sp for the placing"

But as MM was taking 100K of the placing, where was his incentive to push the SP up?

IE

The Q2 results, released on 15th July 2021, included the statement:

"With increasing production and improving recoveries and plant utilisation, W looks forward to updating the market in August 2021 on the excellent progress being made at the mine at La Parrilla."

Monthly updates followed in September and Q3 production in October.

Anyone's guess when the next progress report is going to land. Q4 results in January possibly.

IE

I tend to agree: MM has been inclined to release results both more frequently and sooner, the better they are.