Member Info for K3VMC

L200 has not posted on ORM for ages, despite his large holding.

ORM has 30% of a mine about the same size as La Larrilla, with $30m debt. Their mcap is 80% of WRES.

WRES can refinance their debt, just as soon as they are hitting the big buck ebitda figure. Our two new NEDs have contacts with old Spanish money, so we should be looking at single digit rates, when the plant is up and running.

Replace the Blackrock debt and set up a line of credit for the other projects. I would be surprised if the deal was not ready and waiting to be done.

DH, just a slip of the tongue on your part. Revealing, for someone who pretends to be invested here.

You are correct. the grant money has not been received, yet. That will happen when the plant is finished and the number of employees is 25 or more.

You are wrong about the 200mtu per month. We are already producing 2,000mtu per month. We are aiming to produce 200 TONS per month.

You are obviously reporting the facts to date, apart from trying to compare three month's income to one year's interest. That was easy to see through.

My investment is based on what I believe will happen in the coming months. That is my choice, my prediction. I do not have the ability to predict facts. I envisage different scenarios and weigh them up with potential risks and benefits. I think that is a reasonable approach to investing. Every investor has his/her own risk profile. If WRES is too risky for you, or if you think the WRES predicted figures are fantasy, that is your right. Why someone would invest / pretend to invest in WRES, while not believing / pretending to not believe forecasts, I leave the board to contemplate.

Pay attention to the personal pronouns. :-))

DH

“You have $35m or so debt. Interest being charged in the first year of 14% That's an interest bill of $4.9m before anything else. That's a fact”

Have you forgotten your script already, so soon? You told the board you had over 7m shares, so surely you mean “we have debt”? Try to remember your backstory.

“Lets blow our brains in and say you are generating $500k per month and you have done that since January. That's an income of $1.5m and I have over egged that to an extreme in WRES's favour. So, income to date is less than even just the interest rate on the loan currently ignoring all of the other OPEX”.

Why would you compare three months of tailings production income with a full year’s interest? You must really think we are thick! Amnesiac as well, since the Exremadura grant of €5.31m will cover the interest for the first year.

Plus 40 tons of concentrate sales per month.

Easy way to spot a troll is to ask simple, but direct questions. They can never give a straight answer.

QED

You out the $15.2m ebitda figure up, without a time period.

Very simple question. Over what period?

04L200, “WRES own figure is $15.2m”

What does that figure represent?

Giving an ebitda figure is completely meaningless, without a time period. Do yo mean $15.2m ebitda over the next 10 years?

For what period? A week? A month?

L200, “WRES own figure is $15.2m”

What does that figure represent?

L200, good point.

$35.5m ebitda.

Ah, ok. My bad!

Mr 7.2m bought them back today. Hence the stable sp.

Troajan, at least he was forced to take 0.41p for them. Looks like someone bought them on a T20, but could not afford to pay for them. Perhaps another large sell went in around the same time, then got pulled when the 7.2m were sold.

Mere weeks away to plant completion, then ramp up to $36mpa, as per Mr Masterman interviews.

Troll that!!!

Cookie, never listen to trolls.

They would not be here, unless they thought they could hustle the weak out a few quid.

When get to a $36m ebitda run rate, sometime in H2, they will sell up and move on to the next chumps.

All imho, of course.

https://twitter.com/k3vmc_invest/status/1107925398149582848?s=21

safety, they are doing the same thing in the Firth of Forth!

I think we just want to replace French oysters, post Brexit.

I think Idiens is taking the mickey.

All gong and no dinner.

I can’t remember how much he gets paid, but even I could have landed a JV with our assets in the Paradox Basin!!

I reckon he is running down the MCAP, so he can take it private, on the cheap, with his City mates.

Southc, I think it is reasonable to compare one stock with another. If you disagree, why not bask LSE to remove the posts?

You are not the bb police, as far as I know.

HAGD

*prunings

I haven’t looked at my broad bean patch since I seeded it about three weeks ago. I kind of neglected my rhubarb last year. Well, I covered one patch with about 4feet of printings, so only have the younger plants in tubs. I really will spend more time in the garden this year!!

I admit, getting out on a spike, with 130% profit would have been optimum, but how many people got that bang on?