Member Info for K3VMC

€5.31m grant.

Lovely!

DH

“Masterman as CEO will know exactly how much w03 has been produced probably on a week to week basis, but for some reason does not want to share it. This lack of transparency when asked could suggest poor performance.
But I'm sure you know that too.”

Exactly the point safetyman was making. Mr Masterman needs to know, but doesn’t need to show.

Pete, they used low grades to commission the plant, so could be very low. We should get the H1 results at the end of Q3 start of Q4, but the figures in the H2 ramp up will be the most revealing.

DH, you may lol, but franny had 6 recs on that post, including mine.

Refreshing to have someone else put you in your place.

:-))

Well, as long as you are here to check my figures, I’ll be happy!

:-)

“It actually provides some of the funds towards Régua” is what he says.

Try to remember that these are development projects. These is not one discrete sum which pays for one discrete amount of plant.

Projects are dynamic. Timelines change, requirements change, there can be cost overruns or savings.

Things changing does not equal BS. Just things changing.

DB, what isn’t true?

I thought you had deleted your account!

I can’t see many of your 135 posts.

Much better interview, imho.

As posted many times, WO3 price is 80% of APT price, but good to have that confirmed.

$$270/mtu decent people price for now. Let’s see where it is when we are kicking out 200tpm.

As I posted to DH this morning, the plant was NOT stopped for long periods at a time, so his statement of 20 tonnes for 2019 H1 is exposed.

Definitely getting there!!!

Jaf, I repeat

“I can’t be bothered to dig up your post about selling out at 0.28p, because you thought the risk levels were too high. I feel sorry for anyone who might have followed you in selling, when I said WRES was a buy, because they missed out on a 100%+ rise.”

You knew perfectly, the situation to which I was referring, yet you deflected that, by posting that you bought at 0.28p two years earlier. Can you understand why you are distrusted?

Jaf, sadly, all your posts before April this year have been removed. No old posts for DH either and, of course, the DB account has been removed.

Matters not. Many on this board will remember our cordial exchanges, just before the 0.28p placing. You were selling, while I managed 0.26-0.27p purchases.

You are correct in your earlier posting. We will not get $35m ebitda in 2019.

ATB

Oldie, do you have a link to JC actually going on record with this?

I need to advance my escape plans.

Jaf, I accept that those dates have slipped!

I can’t be bothered to dig up your post about selling out at 0.28p, because you thought the risk levels were too high. I feel sorry for anyone who might have followed you in selling, when I said WRES was a buy, because they missed out on a 100%+ rise.

You STILL think WRES is too risky to buy!!! Let’s see how high, or low, this goes in the next couple of months during the ramp up to 20,000mtu/month.

ATB

Excellent ere init!

DH

“Hey, I was perfectly civil with you.”

Thank you for being civil. If we can address the honesty issues, that would be perfect.

“Let’s stick to realities then. Production using higher grade ore is allegedly now about to hit 20T a month. Now that production has been restarted. That of course meant it stopped, when ? Who knows such is the abysmal communication from Masterman.”

We were told that equipment was being commissioned. Production stops and starts during commissioning. It also stops and starts every day.

“So, let’s be having a 2019 H1 EBITDA. Maybe 20T for the entire half. $2.4m of interest accruals. Pretty desperate stuff.”

You have no more idea than I have, theoretically. There is no need to repay the accrued interest from 2019 H1 cash flow. Everyone on this board knows that, so you do yourself no favours by making that point.

“Hope the broker note makes it out the door before the AGM”.

You have no more idea of that, than I do, theoretically.

“And what happened to the other 3% shareholder. Sold up or diluted out ?”

Clearly, he has done one or the other. You know who he is, so your best bet of finding out is to ask him. I’m sure many on this board would like to have his holding.

“Have a fantastic Monday X”

Thank you

DH, let me remind you, from the same post.

“With EBT of $7.1m how do you repay £38m in 2 years ?”

Clearly, you were posting that depreciation, which has nothing to do with cash flow, would impair our ability to service debt.

Not only that, you were posting that this same, impaired figure for 2019 would be the same in 2020. Or worse, you may be posting that your impaired figure is our total EBIT for the next two years.

Not entirely sure how stupid you think we are, but I detect delusions of adequacy.

Happy holidays!

DH Saturday 22:12

“FID States 2019 Production of 184,265 MTU.

FID States 2019 EBITDA of $15.216m

FID States 2019 Depreciation of $2.318m. EBIT = $12.899m

FID states 2019 debt servicing of £3.2m We now know interest is around $5.8m. EBT of $7.1m”

Clearly, you mentioned depreciation.
Clearly, you wanted to show that our ability to service our relatively small debt is impaired by depreciation.
Clearly, that is not the case.

Hopefully, we reach 0.52p very soon, so you can reap your profit. Then you can come back as a guest, like jaf, just to provide balance.

:-))

DH

Depreciation has nothing to do with CASH!

DH

“You then pay interest on the added debt too.”

Wrong.

GIT, you can come without that. You only need it to vote and all resolutions will pass anyway. I’ve never bothered with them, since I started being charged for them. £25 per account, so it soon adds up.

“Debt is being rolled over and interest compounded on the increased debt. “

No it is not being compounded.

“Income is behind FID.”

Whar FID income are you using? What actual income are you using?

“it is a dogs dinner”

But a dogs dinner you claim to have bought.

You must be getting desperate now, claiming that interest is compounded.