Member Info for jaf1948

Exactly, Oldie. Posters who have millions of shares either making a loss on them or only a small profit at the moment are hardly going to post that they've made a bad mistake and wish they could get out without making an even bigger loss. Of course they are going to be positive.

On your other equally valid point, I held 6m of these this time last year. Now I have none. Why is that ?

Safety,

Costs cannot be $94 per mtu regardless of output as that would imply that fixed costs are nil.

May I remind everyone that the title of this board is the same as the title of this post. The board is here so people can discuss WRES - not just people who own shares in it or people who worship MM, but also people who specifically do not invest in WRES because they feel differently about it.

Kev,

Yes, I post here and I am not invested. Yes, you post here and this morning posted some dodgy numbers (not for the first time) which if I hadn't pointed them out, would have stayed unchallenged and misleading.

You do not have the moral high ground.

Kev,

You are now being silly. I was making a point - I have made it. You either accept it or you don't.

Kev

Yes we all have our own risk / reward profiles but I wasn't talking about that. The amount of risk each of us is willing to bear does not alter the risk itself.

Franny,

By any objective measure, a holding of over £100,000 in any AIM company is high risk. It is high risk whatever your net worth - the fact that you are more wealthy than most doesn’t change the risk or the exposure, only the impact.

Oldie,

GIT on his own admission states he has 36,000,000 WRES shares, which is well over £100,000 invested in an AIM company that is yet to show a profit. Yes, I would say a trifle over-exposed.

One doesn't need to have scored a Test century oneself to know that England have batted badly in the World Cup.

Likewise, being smug, arrogant and sarcastic doesn't necessarily win the argument.

Sorry, but I have to say something.

The company doesn't give fixed costs and variable costs per mtu, but the fixed costs will be greater than $0 per mtu. $94 per mtu is the cost at nearly full production so whatever the July costs are, they are nowhere near as low as $188,000.

Redsaint,

So who is on the list of approved posters ? Rampers like Kev have been deleted, Trolls (as I am supposed to be) like me have been deleted so who is on this list ?

They probably found one post they didn't like and removed the whole thread.

deleted.

Kev,

Oh dear, you cannot be consistent, can you ? On July 18th 2018 you said '$40m ebitda is what i am looking for in 2019.' Today you say ' I was always clear that I was not referring to 2019 calendar year, but the first 12 month’s of full production.'

Troajan,

The slide says the company will produce 184,265 mtu in year 1 which is 2019.

It will not and cannot.

The slide says the company will have net revenue of $34,000,000 in year 1 which is 2019.

It will not and cannot.

Redsaint,

If you look at the presentation of May 2018, you will find the same figures on page 19 that there are in today's presentation on page 26. There, the columns are clearly headed with the actual year. The figures stated there for 2019 are the same ones that now show as Year 1.

Any other interpretation is wishful thinking.

Kev,

Respect.

Don't even pretend that Year 1 is anything other than 2019. It has been in all the other presentations and still is.

The figures are wrong and misleading.

Kev,

I do not comment on WRES itself but since you asked my opinion:

The figures on page 26 for year 1 (production, revenue, EBITDA) cannot, even with 100% effort, be achieved. By putting the out again, the company has shown itself to be at best amateurish and at worst deliberately misleading.

Unless of course year 1 is now 2021 !

Why is that addressed to me ? I have never discussed commissioning.