Member Info for K3VMC

Every time you post this, I think of Wassat, RIP.

I’m sure Mr Masterman could also tell us what he had for breakfast, but thank you for filling us in.

NMH19, the only posts I regret are the first five years!

This is where WRES gets interesting. Commissioning, ramp up and profits!

RNS August 7th.

“At La Parrilla, the mine is in the final stages of construction and following delivery of the Motor Control Centre (MCC) the team is completing the final electrical connections in the lead up to full commissioning of the large-scale Concentrator Plant.”

They have had the MCC for three weeks now. We will not be waiting until October for news!

Thanks GIT!

As long as you made a wish, it will all be fine.

:-))

I’m with you safety.

The MCC was late in arriving, but they sorted out the cabling in advance of that. It should be operational by now, I reckon. The concentrator should also be mechanically complete by now.

If the plant is complete, then the Junta can start auditing the spend and get ready to pay out the €5.32m.

Posted on the ORM board by Telemaker.

https://polaris.brighterir.com/public/premier_african_minerals/news/rns_widget/story/r7odg7x

Wres being in a politically stable country will pay dividends in future, especially if the US-China trade war escalates further. The US will be looking for non Chinese sources of everything, including tungsten concentrate, so I expect European prices to harden.

Rod, if there is any bad news at LP, it can only be that the plant completion is delayed, either because it has just taken longer than expected, of there was a problem that had to be fixed.

In other words, the only bad news can be that the good news is delayed. I could cope with that!

Remember, these are the same trolls who predicted WRES going to zero, when it was 0.26p. They said sell then, they are saying sell now.

Good times ahead. Or jam tomorrow, if you prefer.

At least the CEO will not be buried up to his neck in sand and left to boil!

Good ‘ere, init?

Last laugh wins.

ZZZZZZZZZZZZZZZZZZZZZZZZ

Fair point.

langtro, we can’t prove that until he comes out with more inside info.

Your head needs more data.

Data is good for heads.

Andy, SRK gave the timeline guidance on the JORC, before they got stuck into it and before they realised they had two conflicting opinions.

Mr Masterman just passed that timeline on to investors.

TT, what is the link to your reading material, please?

They bought 24 spirals from WLFE. Corkscrew shapes of metal. No chance of them going wrong. Only one moving part, and that is the dividing sluice at the bottom of the spiral.

Andy

“To me, WRES have missed the golden opportunity in realizing significant profits while the price of tungsten was much higher than current levels by not being in production when the initially indicated they would.”

Tungsten was on the slide months ago. Yes, they would have had more income, had they not had the steel ordering debacle.

“ Unfortunately,this is also true of the gold updates. Unless Masterman gets the gold update out in a timely manner (after missing countless self communicated dates), any sp rise due to sentiment as a result of current gold prices will be lost, which seems par for the course for WRES in not being able to deliver either production or updates according to their own communicated deadlines or timelines, a pretty poor show by the company and CEO imo.”

Gold is gold. If the price stays high, we get at least some value added to the sp. at present, there is none.

Mr Masterman cannot FORCE SRK experts to agree with each other. He is persisting with them. We just have to wait.

Rubbish. They pay mining on a per truck basis. They use power only when the plant is running. They do not have a full complement of workers.

Yes, they have general admin and overheads that they have to cover, but that’s unavoidable as they ramp up.