Member Info for jaf1948

For all readers:

Any mention of WRES being the '3rd lowest costs out of 17 comps' is purely conjecture and, to date, has never been achieved.

Troajan,

There is a big difference between people who think WRES is a bad investment and a dictator who bombs maternity hospitals.

Troajan,

'but lets say the mine,ends up producing 200t of concentrate that must be around $45 mill per annum. which looks good.
even with 75 mill debt.'

That is where we differ. 200t has not yet been achieved and shows no signs of being achieved. $75m of debt is real and now.

Valuation,

The problem for WRES is that it has (at least) $75m debts and production that doesn't even cover costs. Personally, I do not believe there can be enough of an upswing to make a significant difference to WRES.

Of course, I am no expert and may be totally wrong.

I didn't say he was wrong - I just pointed out what the correct plural should be. Just because something is commonly used or said doesn't make it correct.

I will not bother with the obvious analogy.

Troajan,

Actually, the correct plural of forum is fora as it is a second declension neuter noun.

I thought that might brighten your evening.

Troajan,

Have you ever considered that all your posting about commodities only encourages investors to buy shares in companies that are actually producing decent quantities of the stuff, a category, alas, into which WRES does not fall.

Thanks, GUG - that doesn't actually improve the situation very much !

Safety,

Thank you for explaining how the price of tin affects the amount of money WRES receives. So, in the best quarter so far for Tin, which is around 24 tons, WRES would have received something just over $1m or, let's be ultra generous, $400,000 each month.

WRES currently owes $75m and are paying interest of around 12% (which is the last figure that was given in the February 16th 2018 RNS). That is around $9m per year or $750,000 per month. So even if tin doubled in price from here, on current production, it doesn't even pay for the interest.

Kev,

“Its a failed Tungsten mine, “ Incorrect.

With all the depressing news at the moment, we need a good laugh. Please explain how this is a successful tungsten mine, which I believe is the opposite of failed.

Troajan,

You seem to forget that we so-called trolls are the good guys here. People who have followed yours and the rest of the disciples' postings have lost a great deal of their investment whereas if that had taken our advice, they would not be out of pocket.

So post all your usual links and irrelevant comments. You are the ones who need to apologize.

Safety,

Kev was numerically wrong, as is his wont. If you are happy with misleading statement, that's up to you.

I would of course be delighted if WRES would suddenly become profitable, its $60m+ debt vanish away into thin air and all LTHs become rich, but I think there is more chance of Putin being made Pope.

I'm gutted.

But one final piece of pedantry. You say '"I have more Wres shares now, than I ever had in the past". Since the consolidation was 100:1, numerically you must have held more in the past unless you have suddenly bought many tens of million shares in WRES recently - which no-one has. But then again, accuracy has never been your strong point.

Kev,

Not 'demanding' anything - I merely made a suggestion so you could reduce the amount of typing you have to do.

Your narrative ($40m EBIDTA etc) has changed over time. If you have the right to do that, then so do I.

Kev,

'As for $40m ebitda, as I have said many times, I was wrong about the timing.'

Why don't you just to point out what you have actually got right about WRES in the past 3 years.

L200, Mullins is in a world of his own. Take this post, for instance:

Mullins58 18 September 2021 07:42
I have about 250 posters filtered, most are short term traders the rest are paid to post, oh and some have social problems.

I shall make the modifications you suggest !

P.S. I don't have a WRES spreadsheet, just to put your mind at rest.

It should be 'slots' but maybe with my cooking, slops is right.

Jaf, do you run a spreadsheet on Wres too? I find that odd.

I have a spreadsheet for how to cook Christmas dinner - divided into 15 minute time slops and rows for main oven, small oven hob and warmer.

safetyman,

People like GUG and I have a great deal of interest in WRES - what you mean is no 'financial interest'. As I have said before, there are so many things a potential investor in the stock market can learn from a company like WRES.