Member Info for oldskool

GIT. Another green box for you. Go and fund the NHS yourself. It already takes about 34p out of every pound. Get your cheque book out and donate to the local hospital. Come on on show us the colour of your money or are you another virtue signaller hiding behind a keyboard? Another champagne socialist? You can upload the photo of the cheque being paid to Twitter. No? Are you not so sure now? Oh sorry, you want to spend someone else's money hey? Not yours? Fair enough. You keep virtue signalling. How are the otters?

Soathair. Why does N Sturgeon have such an issue with EU citizens not being able to vote in the EU referendum but wont allow citizens of the UK to vote in a Scottish independent referendum? Wanting 16 year olds to vote too, she is desperate. Perhaps she fears the result. I wonder if the Scots vote for Independance by a margin of 52-48% in favour of Independance a second referendum will be allowed a few years later? Hmmm, I think not. Just to be clear, I want Scotland to remain as part of the UK. I am however, fed up with the anti-English woe is me mentality of what is a vocal few.

STV. Those that voted in 1975 were not told of the plans, they were hidden. My understanding is people were voting for a very different beast, I have yet to see documents from 1975 with the EU written on them. How many times has the name been changed since it was a 'steel tariff thingy me bob'?
Scotland. Ha. Democracy? Are you joking? So out of a Scottish electorate of 3.9 million the SNP received 25% of the vote (977,000). 35 out of 59 seats (60%) and 5% of the Westminster seats despite being vote for by on 2% of the UK electorate. I feel for the other 75% of Scotland.

GIT. Ot was leave or remain. Kalan is 100% correct. The rest was mostly smoke and mirrors. Globalism or internationalism (wiki search it - you are good that). Anyone that didnt know this was leave or remain and believed there would be a second chance was ignorant. Lets honour the first vote and leave, then vote again if necessary. Every party leader said it is a one off. No going back.

GiT. Tell me about the bus again? Or the otter? I dont mind, it is nice to relax my mind every now and again.

GIT. Perhaps you could try and reassure the Jewish community because a significant number of them are terrified of Jizzer and/or labour.

The OPEX is based on the first 6 years. So is that an average i.e costs are higher in year 1 and lower in year 6? I dont know. I read it as an average, which is one reason I think costs are higher initially whatever you do. Add in the increased debt and profitability takes a hit. Language is very important with WRES, like the change from dates to Year 1, Year 2 etc...cannot be defined.
So many numbers being thrown around. Lovely that it is all so clear. Got that FID though, bang on accurate that was. Oh hang on...

GIT thinks about 700k a month running costs, then accuses trolls of deramping. Yet agrees, give or take a few k's. I will add that my figures are running costs inc servicing the interest. Not paying the debt. The debt still needs to be paid. The debt grows daily as far as can be known. I also think MM is still taking his 20k too. He is feathering his nest nicely, that 10% loan is a nice bit of cream isn't it. The fact that people can still argue over figures from the out of date and inaccurate FID is a little embarrassing. Come on MM let's see some numbers.

DB that made to chuckle. I love reading some of the figures posted in here. At times they are udderly ridiculous.

GIT. How are the otters?

Oh Michael. What are you doing? Pipe smokers are out in force. The same faces, much like the same trolls hey. Seriously, this is saying 'I am scratching around for funding'. That is why there are no trades to speak of. MM needed a minimum of 2 mill by mid Nov. Since mid Nov he has shaken every money tree going and still not secured the money HE SAID was needed. I do hope production is kicking off at an increasing pace, then the funding could be knocked on the head. This assumes the low OPEX numbers given in the already inaccurate and out of date FID. Still no Regua FID. So, a bit more watch and wait. Santa Rally?

Dreamy, made perfect sense to me. All of your posts. Good call. I will even recommend them.

Been a good few days here hasn't it. Blimey. More chart #ollox too.
Now, I thought someone said there is a large background order...must be buying the whole of Spain it's taking that long to fill.
Langtro and Troajan still calling bottom, one day you will get it right.
Shame that spike didnt hold. Finance news would have helped. Michael those invested want numbers, and rightly so. That includes me with my £30 pounds - DB the spread was terrible when you bought them. Less caviar for Jaf now.
Maybe a RNS later to lift the mood. Soon be Christmas. Ho ho ho!

Troajan. People that use the word troll repeatedly do from a very low base. It is rather pathetic. It is their ignorance and weakness, not the 'trolls'. The constant references to trolling are embarrasing. I am not buying in, the reasons I have already given. I have just checked the live prices and it fell like a stone. Blxxdy share. That spread is messy and appears to be accounting for a good margin of the rise. Troajan my capital is safe and i would still be significantly down if i had not sold my last batch when I did. I tapered out, just in case it moved back up. It didnt. So I am still significantly better off. I could buy significantly more shares now than when I sold. That is called investing is it not? I am not buying. The reasons I have already given. My thoughts have not changed. That spike was a good one. Hmmmm. WRES still has a lot of question marks, namely production volumes (should be fine) and costings (I am not convinced yet). More urgent is the funding. Only a couple of weeks ago there was less than 200k in the bank. Cash was raised from every money box. MM needs to secure more and pronto, that is a serious issue for me. Risk reward again. I will not break my rules for WRES anymore....been there, done that, didnt work. That's why you trade with an entry and exit and have rules. No?

K3. Yep, it is flying now. Well done to those that were brave and held. I genuinely hope it stays strong and long as many are still under water. Perhaps a second RNS is inbound securing the funding. I shall watch from a far.

Troajan. I will give you that, but you were wrong...it is before December. ;-) It is blue too, which will lift the gloom. Spread is once again silly. Who the heck is buying with that spread. The live price was rubbish earlier, has it changed? A tight spread (may now be) would help. The RNS is a bit 'meh'. Doesn't do anything for me. Kit is up, and gearing up. Still no numbers. It was as planned - get the kit working. So shipment scheduled for December, for those invested let it be nearer the start than the end. The bills still need paying and where is that money? Securing a funding life-line will add to any move north. This may pop, well done if it does. Not for me still. Like I say, some you win and some you lose.

K3. Darn it, you are right. Banks are known to lend out money, and re-evaluate the debt, with no costings at all. Yes, no costings. All you need is love. No wonder the banks came unstuck with all that free stuff. So, 35k a month on all other expenses. Blimey. So cheap. MM not taking his cut, why would he not? It has been the norm. So, yes maybe he has cut his cloth according, much like the 10% loan. He is a generous man isn't he.

K3. I think my numbers are closer. Your 500k a month is off. That covers debt interest payment (no debt payment) and nothing else. Look at the burn rates and the cash calls.

K3. I am being generous. There will be penalties (let's say costings or admin charges) and the increased debt will, of course, accrue more debt.
No the extra loan is not insignificant. It was to keep the lights on as were the other cash calls. If WRES is paying that debt down on a monthly basis then the running costs look even worse.
I also look forward to some production figures. Taking their time with it that is for sure. Hmmmm.

K3 you say near 500k. Yet have the debt at 465k. Add a penalty and the increased debt will accrue more debt and you will clear 500k easy. So, that only leaves 250k for everything else. If MM is still taking 20k then that leaves 230k for ALL OTHER COSTINGS. Really? Is WRES not servicing the extra loan ? Have I missed that?