Member Info for K3VMC

Absolutely nothing wrong in taking profits.

L200

Mogwhy’s post.

“To earn $20m ebitda in 2020 we would need to produce an average of 150 tonnes per month at an average price of $265/mtu.
So not completely out of the question.”

$265/mtu is the APT price, NOT the concentrate price.

MOGWHY, I agree with you.

L200 “If things go to plan”. There is NO such plan. The plan is to ramp up as quickly as possible.

DB Nobody cares.

What plan are you looking at?

AFAIK, they will be ramping up in November and December. Where do they say they will not be hitting full speed in 2020?

Are you just making that up?

Oct 5t
Nov 10t
Dec 20t

$20m ebitda is on the cards, imho. The sp will go up in inverse proportion to the speed of the penny dropping.

:-))

Thanks from me as well. Those trolls are wearing.

St. Valerian’s Day.

Oldskool, TMW.

I’m in, you’re out. Let’s see who laughs last.

DB, very sorry. I confused you with DH.

How could I have made such a mistake?

DB

“Who was correct?” About what? The sp going under 0.3p?

Anyway, No-one cares. Especially the LTHs who are going to make a fountain of money here.

As I have said before, who laughs last laughs longest.

Don’t get wet under there.

Short term loan, director’s purchase, local investors purchase at 0.5p, plus increased output from LP.

Let’s see what that does for the sp.

Wishing everyone a very relaxed weekend.

:-))

I got a tad frustrated when you complained about the sp this morning. I made a few gentle comments about the “ZZZZZZZZZZ” posts as you made them, but not many. I happen to disagree with you about negative posts lowering the sp. I agree with Safetyman’s post about this earlier.

If negative posts had no effect, there would be no trolls on here, or any other board. I don’t like what they do, or approve of it, but they allowed me to buy under 0.35p, so I admit to having benefited from their efforts. I sympathise, however, with the PIs who sold those shares to me. I know it won’t be much fun for them, reading the RNS today.

We can just agree to differ on this point.

Dreamingof, I have never praised the ceo for his communication skills. My view is that he runs wres like a private company and has scant interest in keeping investors involved or informed. I make no secret of that and hope he improves in that area.

I draw the line at posting “ZZZZZZZZZZZZZZZZZZZZZZZZ” etc on a daily basis. I’m not objecting to your views, just the tedium.

The end.

DB

“I'm not getting giddy”

I’m not getting giddy either. This is just another milestone on the road to having a mid-tier mining company based in a very safe part of the world.

$50m ebitda with a p/e of 6 makes a $300m mcap, so a ten bagger from here, as I have consistently posted.

Ok my gratification is delayed by 12-months, but I can live with that.

I will save my giddiness for next Christmas.

:-))

Dreamingof

“I do not for a minute accept that me complaining about PR and communication would have any impact on the SP.”

I did not expect you have any awareness of the consequences of your posts.

Dreamingof

“I am one of the larger shareholders so if I am legitimately unhappy with some aspect of the company I am perfectly entitled to air that frustration.”

You size doesn’t matter to anyone else. You are as entitled to air your frustration as much as anyone, holding or not. It certainly doesn’t give you the right to be as tedious and irritating as the trolls on the board.

Only my opinion.

$40-50m ebitda?

Mogwhy, you have an excellent grasp of these numbers, imho. Do you have a fag packet number for ebitda for LP plus Régua?

Oldskool, possibly left the other BODs out because they were only “possibly “ in the original RNS?

The main thing is that the plant is working, five tons of concentrate seems a decent enough output for a commissioning period, Mr Masterman and local investors are buying at a significant premium and WRES will have debt and equity funding to get LP into full production.

Now they can get the spanner’s out and move the old concentrator up to Regúa.

:-)

Dreamingof, no-one objects to constructive criticism.

What I objected to was your constant, corrosive commentary on Wresources “lack” of communication, when, in the real world, there was nothing for them to communicate! You played your part in talking the sp down, so I have no sympathy with you complaining about the current price. Ok, it created a buying opportunity, but it was/is tedious.

You cannot invent news, just to placate nervous investors.

That is called market manipulation.

I trust that the majority of the board will be more content this morning.

:-))