Member Info for JTS13

Well, copper is up around 15% since 1st Jan, and CAML has only just managed to match it with a 15% increase too. Certainly more potential upside

FY results in Apr will be interesting. Copper prices suppressed throughout H2 2018, likely to have a pull down on earnings. However, cyclical rise for 10p (or thereabouts) dividend will probs see some ST activity at least... 10-15% rise during April wouldn't be a surprise.

Topped up a further 2 buys yesterday - about 15k. Neither showing up on the trade history. Also noted a lot of buys going through as sells.

Am hoping that news will come in 2nd week of April... first week is end of FY and there's usually extra volatility that comes with repositioning of accounts

Quoting the TP release "current operations are with the tailings contractor and a full four-year mining contract has been tendered and will be awarded formally in the current quarter" an RNS could actually quite well come this week - given that Q1 ends this week.

Guess it otherwise depends on how newsworthy one considers this type of update. I'd personally think pretty significant though, as it will finalise terms on production volumes and associated costs for mining (although these may not be released publicly). Either way, RNS not unlikely

Looking more into it, it's typical China - not 100% clear on first reading!

First batch!! Second batch to be announced in June (see end of https://www.reuters.com/article/us-china-rareearths-quotas/china-sets-lower-rare-earth-output-quotas-for-first-half-of-2019-idUSKCN1QW1DF). Quota H1 2019 is exactly half of the annual quota for 2018... Whilst it's less than H2 2018, it is not necessarily an immediate drop. We need to wait until end of June to see about quotas for H2 2019. That's when we'll get more accurate short term forecasts on tungsten pricing.

Contrast to 2015 (https://www.metalbulletin.com/Article/3459048/China-lifts-output-quota-for-tungsten-conc.html) recent quotas are still double digit percentage up from production volumes just a few years ago.

Would be very happy if it happens... let's see

Morning Members, I referenced it as a 'psych' barrier, this is because it's approx 100% off of the average low for PMO....Sure, 55 was the low, but very few will have got it.

120 was also a regular ceiling/floor throughout the 6 month period of May-Oct last year

Re: 148 a few months ago. Note that oil was significantly higher then. Whilst oil is bullish, that also has a ceiling of 70. Probably need that to break for us to have any chance to go towards 148 again...

Sentiment is beginning to return. But it doesn't come overnight. I don't doubt 148 during 2019...but I do doubt it during the next few weeks (IMO)

Good find!

"No resistance" is not entirely accurate. 96p took us 2 weeks to break last spring. However, after last nights report, should go today assuming oil stays above %68.

103 is next on the cards, followed by 109, 114, and then we're into MRD's 120 and 125-128. (numbers all rounded of course)

Personally, wanting to see where this goes before end of the week. Away on biz trip next week, so possibly sell out half at end of this week as anticipating next week to have increased level of volatility ... and my stocks almost always go down when traveling overseas!
Eitherway, Mrd's right in highlighting 120 as that will be a huge psych barrier for many too

- One month delay on concentrator (though Allmineral should have a penalty for late delivery)
- Glod update in Q2 (hm. April Q2, or a further slippage?)
- Regua kinda progressing (although to what exactly won't be clear FID is published)

TBH, nothing bad in above. However, comm style doesn't make sense to me. It's clear that investors are getting tired of lack of update and want to be kept in the loop. Why upload a single picture onto website and link it in RNS? Why create a youtube account and put a video there linked to RNS? Isn't it obvious everyone is following the twitter feeds? Surely social media should be posted on the social media that people are using!!!?

H2 rise should be promising - once production figures and revenues start being recorded. But basic comms shouldn't be a rocket science

Wish someone at WRES could take a look at this board. Around one month away from [significantly upgraded] production, at a key inflection point of the company where SP could go up by multiples...and what are we doing with all of this excitement and energy...? Discussion a macro-decision which no-one here can influence.

Interesting topic - sure.... but come on WRES. Give us something else to talk about. Even getting the investor video from last week posted would be better than nothing!

GIT: Didn't vote - because wasn't allowed to being an non-EU based expat. However, just to highlight on your point about amazement at why expats may vote to leave. It's cause half of us aren't allowed back into the country!! 13k families separated every year because of anti-global attitudes that result from pro-EU bias. UK should be a global player

I typically avoid the whole brexit argument, but as an expat, it's a sensitive issue for me

Key points:
- 2019 margins expected to be 30% higher at comparable market price (due to 2018s poor hedging)
- Sea Lion submission within 4 months
- 3 priorities of T/Z/S put Zama before Sea Lion (not stated, but hoping that it was listed this way for a reason)
- Declining to upgrade Block 2 gives example of willingness to avoid buying everything
- Jan + Feb off to a great start
- 250-350m debt reduction for 2019... could have been greater, but certainly realistic
- 2019 forecasts based at 60$... which we're already above without using hedges!

Lol!

Indeed, is it not an increase to 40tpm this month with the jig coming online? Then a steady ramp up to 200 tpm once concentrator is online next month.

Original timeframe (which has been removed from the latest investor ppt) put ramp up and handover period at around 3 months. So we should be getting good numbers in during latter half of the summer

PS: another back to basics @Devil... it is currently March. Summer hasn't started yet. So current production levels are lower at the moment. If you read up on some of the gardening posts, you'll probably note the similarity between industries. Seeds/bulbs need to be planted and watered before they bloom. What we have now is like a seedling. A plant has got to be fully formed (roots n all) before it fully flowers and bears fruit. Out "plant" is the same

The number isn't fiction... it's obviously real...otherwise we'd not be able to write it or understand it!

Is it the basic maths of counting so high that troubles you, or understanding the definitions of basic English vocab...such as forecast, plan, production, ramp up, etc??

The 27th Nov RNS ticked me off at the time and I admit to selling out a double digit %age of my holding within minutes of reading it. Crazy to me to raise at a discount for a fully funded project. They really should have been charged a premium to give SP a boost (and frankly, a 5% premium to SP is still heavily discounted to what they'd of gained shares for on market. Heads should have rolled on that decision!)

Given the drop in oil, put that money into oilers and made a few on the oil rebound. Can't believe that I was then able to buy back those shares earlier on this week at a 10%+ discount to what I'd sold for. Given that we're so close to finishing construction - this is a steal!

Been waiting close to 6 years on this now and still less than half the SP which originally bought in at. Averaged down likes, but joining ya'll in wanting to see this long time come to fruition... Not prepared to wait another 6 years.

My suspicion is that Tungder is behind a group which shorts stocks. Notice how he's never around when things are going up, but pops just just as big sells start to come through.

Anyway, just had a look at the pictures on the ORM website. First time to be honest (as not invested here), but defo looks like production has started. At minimum they've been sending ore to the crusher and stockpiling this past month.

I'm personally in WRES, but would like here to be successful and there to be a good rise here on pending update about production. Tungsten seems to be out of peoples risk appetite given brexit uncertainty and dearest WOLF going into administration. Latter might be an opportunity for the business to grow, but has no short-mid term benefit for investors.

My inkling is that - rather than ORM & WRES being competing for PI interest - they may mutually feed and grow together. Given the macro environment, one success story helps the other and vice-versa.... so, looking forward to positive updates here at ORM and a good increase in SP. G'luck fellas!

Trust that joke was sarcasm @NMH?

The TPI note is about LP alone. Personally, I don't see it for LP. My reservations are about us being a Spanish producer (US being more favourable towards tungsten, and we have brexit uncertainty pulling down markets). Also because we'll need to finance the upgrade, which will eat away at our earnings for a couple of years. Pay back is still great, but think it ways on our rise

However, IF Regua comes online and produces at 500t/annum and we get a good gold upgrade in coming months. Then it may be possible altogether

Bit which I like most:

"On a £/tonne basis, we calculate that Ormonde is trading at a valuation of £3.76/tonne of Measured and
Indicated resources. This falls to £2.45/tonne with the inclusion of Inferred resources. As the table below
depicts, W is trading at considerably lower multiples on the same basis.
In conclusion, we infer from the data that if W was trading at the same multiple as Ormonde, this would
imply a market capitalisation of nearly £120m on the lower metric. This suggests a potential share price
in excess of 2p."

2p would be very nice indeed!!!

New TPI Report mentions that revised glod JORC is due Q1 19.... lots of short term news coming