Member Info for jaf1948

GIT,

I explained over a year ago that I had changed my mind about posting on here due to the continual nonsense that keeps on appearing here. Or was I a 'green box' at the time ?

if people are going to quote OPEX figures from the FID, why be selective - what about this from the same FID: '2 million tonnes per annum (Mtpa) initial Run of Mine (ROM) rate producing 2,700 tonnes per annum (tpa)of concentrate increasing to 3.5Mtpa ROM in 2020 targeting production in excess of 4,000tpa of concentrate at 66% WO3'. Don't think those figures were actually achieved.

Then why not quote the May 2018 presentation which clearly states EBITDA of $15,216,000 for 2019. Oh sorry, I forgot that the plant was delayed for a few weeks because of the steel issue - that explains the short-fall.

GIT,

Speak for yourself. I am interested in everyone's opinion on WRES just just the fan club.

OMR, loved the line about the tie.

The actual words written on the bus were:

“We send the EU £350m a week, let’s fund our NHS instead”

No lies, no promises, just a suggestion.

Kev,

I didn't mention any names as I didn't want it to get personal. But now that you've commented, I have to say you are correct - you didn't say those things in 2019; you said them in 2018 (July 10th to be precise): '40m ebitda is what i am looking for in 2019. Anything above that will be a bonus. I will also be looking for a small maiden dividend. Perhaps £3-5m. That is the least we LTHs can expect, after all this time waiting.'

There were indeed people who made such comments and they have been proved wrong. There were also people who said there would be $40m EBITDA in 2019 and a maiden dividend and they were also wrong.

Perspective.

It's all perspective. Some people look into their cereal bowl and see the face of the Virgin Mary - other look into the same bowl and see a load of cornflakes. To the faithful, the video confirmed what they 'know' to be true; to the sceptical, it confirms their feelings as well.

GIT,

I must have missed the reference to 'this morning' in your post, as indeed you did !

GIT,

I have explained many times why I post on here, which you well know but that doesn't fit YOUR agenda.

May I humbly offer an explanation for the share price.

There was a short delay (a few weeks according the company, but let's call it a couple of months) because of the steel supply but the company is currently almost a year behind its own predictions. I am ignoring the inevitable comment by someone who will no doubt say that La Parrilla is 2.3112456 years ahead of the average time for setting up a mine but surely WRES took all that into account when they issued their time-scales.

Of course making 200 t.p.m. will be important. Of course doing so at $94/mtu will be important. But the reason IMHO why the share price has halved since the finance was achieved is that the market (and the people on here) have no idea what are the causes of the delays. WRES has a world class assets, state-of-the-art plant, top class engineers and a CEO who has done it all before. Until it is explained to the market why this combination has failed to date, the sp will stay depressed.

If people want a proper discussion on this, great. If people are just going to be abusive, don't bother as I will just ask for the whole thread to be deleted.

K3,

I didn't think it was you - for all our differences, you at least have a sense of humour, and a sense of decency.

Of course, it might not have been about my initial post - there were many follows-up that were, to say the least, insulting.

...but who asked for my little satire of last night to be removed ?

The Long Term Holders (who by and large are losing money at the moment) stop calling the people who don't own WRES shares (and are not losing money at the moment) 'losers, clowns and fools' until such a time as WRES starts making a profit. Then, by all means, be as insulting as you like.

safety and GIT

I am neither a liar or a hypocrite. I hardly post these days as anyone can verify by looking at my posts. Whenever I owned WRES shares, I did not post on here. You can believe that or not - I do not care either way.

For the record, I currently do not own a single WRES share.

You'd have a better weekend with an indecent investor, but each to their own.

Kev,

Apology accepted !

Langtro,

Actually, no-one said that the sp was the bid price. What people said is that although market cap. was based on the mid-price, most individual investors prefer to value on bid price as that is what they would receive if they sold their holdings.

As for 'Have the very same filing cabinet Full of the same historical quotes?'. It's called clicking on someone's nickname and reading their old comments. Once something is in the Public Domain, it is there to use.

If the reflex comment was addressed at me, the reason it took so long is that you have posted so much over the past few months that it takes longer to find the exact quote I was looking for.

How's this for a prediction:

'Current sp should be at least 0.75p, plus 0.25p for Régua, 1.5p when LP ramps up and 2.25p when Régua kicks in on top of LP. Add more WHEN tungsten price starts to recover.'

Posted by K3VMC 31 Jul 2019 20:29