Member Info for K3VMC

Don’t tell him your name Pike!

safety, remember Mr Masterman said that WLFE had a problem with fines clogging up there crusher? That is why they put grizzlies after every crusher, with belts to take fine ore out of the crushing circuit ASAP.

He also said that they had identified several enhancements that are being implemented in the Concentrator build.

Sgonna be great! Imho. DYOR. BYOB.

Safety, you will be wine monitor next time!! In fact, we can have separate bills, as one glass of wine is enough for me!

*point

Yes Jaf, I made a mistake. You were not the only one to point that out, and I admitted it.

This is different. You are now making judgments on the level of investment that you consider to be over-exposure.

I simply ask you, where your cut-off pound is.

Oldie, sorry, you are rambling.

Oldie, you lost me there. What was your point, please?

Well, I am missing your point. Is it that we should not invest at all? Invest £10k? You are NOT, NOT, NOT invested. We all know that. You post that on a regular basis. You post so that we investors do not lose too much money.

What, with respect, has that got to do with you? What about ORM? Surely they need your talents more than we?

Jaf, on further reflection, you are NOT invested here, so, by definition, ANY investment in Wres is an over-exposure, in your opinion.

Jaf, I will rephrase that

You think that Mr Masterman, Dr Pirola, Mr Garvie, Mr Scott, myself and many more are over-exposed. Please let s know what you think is acceptable exposure. Perhaps you have a perfect opinion, and the rest of us have basic faults,

Jaf, we all have our own risk / reward profiles. Mr Garvie has been TR1 in several companies. Similarly, I know dozens of people who would not put £50 into a share.

Everyone is different.

Oldie

“Our present ii invested a while ago, therefore historical.”

Correct. They have maintained their holding. What, exactly, is your point?

“ MM twirled PIs to get that through.”

No idea what that means, sorry.

“Unless you have averaged down, you were diluted by it.”

Correct.

“ Tell me how that feels? Did you benefit from our ii joining in?”

They provided the company with funds, as did I. Having bought over 0.6p before that placing, I was not happy about it, but I paid up.

“ I bet they are well happy with their investment hey 2cv.”

I think they are, but I am only guessing. I am very happy with that placing

“ You do realise that iis talk to one another. Do you seriously think Mitton are selling this success story to their mates? How would they sell it when there is a grey cloud called cash flow hovering around.”

IIs are mostly in competition with each other. They do not need to sell anything to anyone.

“ Maybe I missed something.”

Maybe. Time will give you the answer to that.

Starter

“So does "you thought wrong" = Masterman said this but it wasn't true?”

No.

Starter

“Why is the share price at a one year low?”

Hansource sold 333m shares, which depressed the sp.

“ I thought output was 40 tonnes a month.”

You thought wrong.

“ I thought the 2019 production would be 184k mtu.”

You thought wrong.

“ I thought the gold update would have been published months ago.”

You thought wrong.

“ Oh and you have no idea what my background is but it is clear that you are a de facto employee immediately trying to rebuff (unsuccessfully) anything remotely critical of what is dreadful share price performance.”

Yes, we have no idea of your background, but if you were experienced, successful or cogent, we might take you seriously.

Perhaps you should sell out and invest in something you can understand more easily.

ATB

At least I can tell the difference between ORM and WRES.

:-))

Stealthy, $3m/month nett, as per page 5 of the June presentation.

Jaf, sorry, you are 100% correct.

Still trying to wake up this morning. Let’s just say that cash flow is $400k better than if they produced nothing.

TT

The figures we have.

July

Sales 2,000mtu.
Price $216/mtu.
Value $432,000.
Opex $94/mtu
Cost $188,000
Ebitda $244,000

Employees, more than 50, enough to quality for Extremadura grant
Extremadura Grant €5.31m, due Q3/4, subject to audit.

What else would you like to know from the AGM?

Stealthy, I thought the original concentrator had 6 spirals and two tables, but a massive improvement either way.

20,000 mtu per month.

Post agm lunch?