RE: Posts missing again15 Oct 2018 13:38
Logic is not your strong point, as I think we can all agree.
Your observation is correct, if you assume that the FID is published immediately it is finalised. In real life, there will obvious;y be some delay between it being finalised and being published. As a minimum, Grant Thornton will have to do dd on the FID. If you argue that finalising the FID includes the GT DD, then there will still be a delay while the RNS is written and issued. If you argue that finalising the FID includes all these components then yes, the FID was not finalised in Q3.
The RNS of April 17th says "The FID plan will then be finalised in Q3, and subject to a satisfactory FID mining will then commence in Q4."
The RNS does NOT say subject to a satisfactory FID "in Q3" mining will then commence in Q4. Ergo, if a FID is finalised in Q4, Regua mining can still commence in Q4.
It is a matter of simple logic.
Regardless of the above, Wresources is set to have the largest, most profitable tungsten mine in Europe and the 3rd largest tungsten production in the world, when Regua production is added in to the full production at La Parrilla, so please forgive me if I have absolutely no problem with "yet another missed deadline".
La Parrilla is HURTLING towards production, with FREE CASH FLOW and PROFITABILTY from day 3.
Mwahahahahaha!!