Member Info for mogwhy

oldie - that isn't what he said. It's being provocative by implying that we
can't meet current interest repayment requirements.
There aren't any interest payments to be made this year.
By the time that they do fall due, we should have the grant paid
and La Parrilla should be producing close to nameplate capacity.
Regua should also be contributing to earnings as well by that time.

Devil, you said "Don't forget interest payments alone in the 2019FY will be approx. $6m. "

WRES don't have to make any interest payments in 2019.
There is a 2 year non call period on the BlackRock loan.

Post your questions for MM next week on Proactive interview !

https://twitter.com/AndrewScottTV/status/1141299724949053440

oldie - you're looking at the short timeframe again.
MM is building a mid tier mining company which will take years not months.
That's where I'm aligned with him and that's why the short term traders jump up and down
whenever a missed deadline becomes apparent.
I never said I was confident of any of MM's deadlines would be met.
In fact I posted the opposite - I expected delays unlike a lot here who have obviously
never had any experience of mining projects.
The list of possible newsflow that I post is just that, possible.

oldie - I seem to have a different focus on longer timeframes to most on here.
I am looking 2 to 3 years ahead and am unconcerned
with short term share price fluctuations.
That's not to say I don't keep an eye on the story to see if it changes.
Most here seem to be very inexperienced with their expectations
of how a mining construction and commissioning phase will play out.
Delays, cash flow issues and underperformance during this phase is the norm. See ORM.
The story hasn't changed here and we are on course to
become a mid-tier mining company with a circa £150m market cap.
That's a 6 bagger from here less any further dilution.
Like most, I'm not happy with Mastermans communications,
but I believe that his interests are aligned with mine.
His interests are not aligned with the short termists that have been prevalent on here.
I monitor the share price performance of my investments at the end of each year.
Since scaling in here during 2017, each subsequent year end
has shown an increase in the share price and I expect that to continue this year.

Tungsten APT European US$255-265/mtu vs US$260-270/mtu

oldie - we'd all be happy to see what newsflow you expect for the rest of the year.
My list has been updated to reflect what I currently expect given the latest updates.
All looks good here for patient investors rather than traders.
What market cap do you see for WRES in mid 2020 ?

Lots to look forward to in the next 6 months.
In particular, 2 producing low cost tungsten mines and a significant gold deposit.

Q2 - Concentrator completion
Q3 - Gold JORC update to circa 400,000oz
Q3 - Concentrator commissioned
Q3 - LP plant completion
Q3 - Ramp up to full production
Q3 - Tarouca exploration licence renewal
Q3 - WRES announces cash flow positive
Q3 - Regua FID
Q3 - Transfer of old concentrator to Regua
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q4 - Regua JORC update
Q4 - Regua concentrator commissioned
Q4 - Regua production starts
Q4 - Brownfield or prospect acquisition
Q4 - EIA approval for T3.5
Q4 - 5.3m grant paid
Q4 - La Parrilla 200 tonnes per month production achieved
Q4 - Sao Martinho trial mining starts

The PI shareholders list was requested by another holder here.
I collated it with publicly available information and declared shareholdings here on this board.
It proved popular and so I've continued it.
If anyone changes their mind and would like to be removed, then please let me know.
Personally, I think it adds to the community atmosphere and it's brought out posters
who we haven't heard from before.
So far, most shareholders on the list seem to be just that, holders rather than traders
and demonstrates a loyal shareholder base, more than 25% if we include the undeclared holders here that we know about.

Will update next week if there's any more changes reported.

Marcus Garvie--206,265,841
Charles Scott---161,000,000
dreamingof...---106,500,000
Mr.Happy----------90,000,000
kayakcurl----------54,000,000
NMH19-------------50,000,001
safetyman---------50,000,000
thechaser----------41,000,000
GETINTHERE----36,000,000
Tyrannosaurus---28,000,000
mogwhy------------27,000,000
OldMotherReilly--27,000,000
Idontdoes----------25,400,000
maccas21---------25,000,000
discopablo---------22,225,000
Sammymac-------22,013,000
Scottyboy1---------20,000,000
StukeyBlue--------20,000,000
realtime2-----------19,000,000
Franny1968-------18,250,000
Hartlepoolbob-----18,000,000
Laminsurrey-------18,000,000
Thomos-------------18,000,000
nottsbaggie--------17,000,000
wilburylover--------17,000,000
REDDINGTONR-16,000,000
Suthy----------------15,000,000
jange-----------------14,800,000
gw123---------------13,500,000
SugarRat-----------13,500,000
2cvguy---------------12,000,000
eggchaser----------10,000,000
gmed-----------------10,000,000
cutandpolished61--9,700,000
Wasp_-----------------9,550,000
Ponfeigh---------------9,500,000
TeesidePete----------8,000,000
MBleu357-------------7,000,000
Bigdaz-----------------6,911,000
JTS13------------------6,250,000
ronniethetoff----------6,000,000
stealthtaxvictim------6,000,000
ClimbingWooster---6,000,000
dowdyboy-------------5,000,000
ehreally----------------5,000,000
Tonlin-------------------4,900,000
TrumptonTown-------4,600,000
courtier-----------------4,000,000
soss613----------------3,560,000
Oneliner----------------3,381,779
Dewhurst89---------- 3,000,000
SpeakerJames-------3,000,000
RIFFRAFF46---------2,000,001
Alfiedog-----------------2,000,000
Kalan--------------------2,000,000
Bakingmental---------1,872,080
MrsF---------------------1,750,000
Richardkaz------------1,700,000
Jaffaman---------------1,700,000
Kaiser_B---------------1,268,951
langtro--------------------900,000
sharper2100------------850,000
Troajan-------------------750,000
Soulsister---------------542,758

Total---------------1,369,597,653------22.7%

Marcus Garvie--206,265,841
Charles Scott---161,000,000
dreamingof...---106,500,000
Mr.Happy----------90,000,000
kayakcurl----------54,000,000
NMH19-------------50,000,001
safetyman---------50,000,000
thechaser----------41,000,000
GETINTHERE----36,000,000
Tyrannosaurus---28,000,000
mogwhy------------27,000,000
OldMotherReilly--27,000,000
Idontdoes----------25,400,000
maccas21---------25,000,000
discopablo---------22,225,000
StukeyBlue--------20,000,000
realtime2-----------19,000,000
Franny1968-------18,250,000
Hartlepoolbob-----18,000,000
Laminsurrey-------18,000,000
Thomos-------------18,000,000
nottsbaggie--------17,000,000
wilburylover--------17,000,000
REDDINGTONR-15,000,000
Suthy----------------15,000,000
jange-----------------14,800,000
gw123---------------13,500,000
SugarRat-----------13,500,000
2cvguy---------------12,000,000
eggchaser----------10,000,000
gmed-----------------10,000,000
Scottyboy1----------10,000,000
cutandpolished61--9,700,000
Wasp_-----------------9,550,000
Ponfeigh---------------9,500,000
TeesidePete----------8,000,000
MBleu357-------------7,000,000
Bigdaz-----------------6,911,000
ronniethetoff----------6,000,000
stealthtaxvictim------6,000,000
ClimbingWooster---6,000,000
dowdyboy-------------5,000,000
ehreally----------------5,000,000
JTS13------------------5,000,000
Tonlin-------------------4,900,000
courtier-----------------4,000,000
soss613----------------3,560,000
Oneliner----------------3,381,779
Dewhurst89---------- 3,000,000
SpeakerJames-------3,000,000
RIFFRAFF46---------2,000,001
Alfiedog-----------------2,000,000
Kalan--------------------2,000,000
Bakingmental---------1,872,080
MrsF---------------------1,750,000
Richardkaz------------1,700,000
Jaffaman---------------1,700,000
Kaiser_B---------------1,268,951
langtro--------------------900,000
sharper2100------------850,000
Troajan-------------------750,000

Total---------------1,340,734,653------22.2%

Troaj - try reading the link I provided.
Or dyor.

Devil - the link works fine for me in the UK with chrome.

GIT - it's in the link I provided.

Devil - we can only guess.
I'm guessing 2,000 tonnes for 2020.

Although European and American APT prices are higher than Chinese APT,
La Parrilla would still generate EBITDA of circa $24m at the current price of $200/mtu for 2,500 tpa.

China's Tungsten Producers to Cut APT Output
Published on Friday, 14 June 2019 11:21
China's main ammonium paratungstate (APT) producers have agreed to reduce or halt production in June to stabilise the market.

https://bit.ly/31zBMlc

Troaj - exactly - I want to see an RNS that states that the jig and mill
has successfully achieved it's designed operational parameters.

safety - according to the 21st May RNS, the commissioning of the jig and mill was ongoing.

"We have successfully commissioned the La Parrilla Crusher Plant and are
successfully commissioning the Jig and Mill Plant".

"At this stage of construction, it is important to clarify that commissioning a metallurgical plant is not a turn of a key process. In the Jig and Mill Plant alone there are two jigs, two roll mills, a thickener, reject disposal system, ten screens and feeders, nine conveyors, five pumps, and over 50 motors which need to be started, aligned and tied into an integrated control system. The team has done an outstanding job commissioning the plant and achieving first jigged concentrate."

Won't be long now.

Q2 - Gold JORC update to circa 400,000oz
Q2 - Jig & mill plant commissioned
Q2 - Production & sales update
Q2 - Concentrator completion
Q3 - Concentrator commissioned
Q3 - LP plant completion
Q3 - Ramp up to full production
Q3 - Tarouca exploration licence renewal
Q3 - WRES announces cash flow positive
Q3 - Regua FID
Q3 - Transfer of old concentrator to Regua
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q4 - Regua concentrator commissioned
Q4 - Regua production starts
Q4 - Brownfield or prospect acquisition
Q4 - Sao Martinho trial mining starts
Q4 - EIA approval for T3.5
Q4 - 5.3m grant paid
Q4 - La Parrilla 200 tonnes per month production achieved