Member Info for oldskool

K3. Well if we can only go by EU rules then I am afraid to say that my answer will be a while coming, as I must first run it by my 27 friends. Oh, no, hang on, one of them is German so you will get an immediate answer...the others can be bought a pint and bag of crisps to keep them happy.

Chains? Roods or rods? I wonder if the Spanish have historical ones? Google...

Why not metres? What about cups?

STV. Apparently more people should use the train to commute to help planet earth. Whereas I think it should be too expensive, over time, so that people work more locally. I 100% agree on the subsidy thing. I may even pop to the train station today at about 1700 and ask the commuters for some money to contribute to my MOT, tax and servicing.

Rail fares have gone up again. Boo hoo. Maybe the price of Tungsten will follow.

OPEX is all well and good, if those numbers can be achieved. They haven't been. Will they is key. MM is known for being a bit off with the numbers already, and timings, as investors are aware. So add in a margin, 10-15% would be realistic. That moves both ways as costs could be lower than the holy grail number given. However, these numbers are irrelevant if the cost of producing and selling does not cover WRES's out goings. The debt is growing. Tungsten prices are moving in a general southerly trend - let's see what happens there in the next week or two. May stabilise, may move up or down. So, again, it comes down to numbers in and numbers out. I ain't seeing the buyers, nor the ii's, nor the rush to buy. Why? That is the question to ask. After that, if investors still see value in the risk/reward then buy in or average down (hmmm - err no thanks). There is always Gengs wedge and GITs stopped clock.

STV. I have no issue with a further placing as it will, undoubtedly, be done at above today's SP as is the case for all rock solid and open companies with spot on CEOs. No way would any such activity be below market price, especially when everything is on time, under budget and fully funded. What next, selling PIs short to get an 'ii' in? A loan on top of a loan and the a debt rebundle? No, no sir, not here. I wont hear of it.

The Chinese are about the make a big smoke screen, with a few mirrors thrown in. Well they have to try and hide the financial mess that appears to be surfacing. Check out the military might and numbers they have just poured into HK. It looks like an invading army. HK residents are shocked and scared.

K3. 100% agree. Buy British first.

Langtro agreed. Is that not why our BIG CV man (MM the Fortescue master man - see what I did there) borrowed more money from BlackRock than was required. Fully funded and under budget should have considered delays until full production, no?

No K3 they are most definitely not the same. If I am making money then it means I am making a profit from my endeavours. If I am earning money it means just that, I am earning money. If I earn 10k and my outgoings are 10k and £1, then I am still earning money but I am most definitely not making money. I am losing money. People on YT earned money but it barely covered travel expenses and bed and board. Once qualified, wages went up and people made money. Today, people on tax credits earn money but they do not make enough to live on (apparently) so the state tops them up.
L200, I agree. I have stated already that the further debt roll up was to avoid a further cash call as even MM is not daft enough to know the impact of that.

K3. How do you know WRES is doing that? Do you mean earning money, as making money implies profit.

L200 is correct. APT down another 5% (week on week) and is set to continue to fall due to cocerns about Chinese stockpiles and lower demand.

Jaf I get ya. There is no god either. Love Oldie.

GIT. We know you dont read my posts. Yawn. Offensive? What like you comparing population management to the Nazis? You are an intellectual giant, I can sense it. Errr, no that is why you use the word offensive. You couldnt debate yourself out of a wet paper bag. Can you mention the bus again and tell me I am a fool? Others have already commented on your credibility. I like reading your posts.

In order for the EUSSR to succeed they need to use force and fear. If the UK is not seen to be punished then others may follow...see history of USSR. Force and fear are being used just no shots being fired. I dont like bullies.

Safety. Surely this isn't just about economics and jobs? If it is then your worries are nowhere near big enough. Research suggests we are past peak employment, certainly in the western world. The global economy is moving to AI at a pace and it will get even faster. We dont need the workforce we have moving forward. Jobs will go. The most dynamic and flexible economies will thrive. UK plc needs to strip back corporation tax and be a slicker machine. The vast majority of western economies are already bankrupt (exclude Norway) if you include state liabilities for pensions. Which also begs the question why the Western world is happy to import poverty, rather than export wealth, by the millions. That is another matter, or is it? I do not want an EU police or army. It has been tried before. Will the Germans be in charge of the army? They are already running the EU arent they? Previous projects, like all empires, have failed and will fail. The laws of mainland Europe are very different to our own, history has seen to that. Oil and water in a traditional sense. Magna Carta here. Check out where Germany sits on the corruption scale, it is up there with some interesting countries. EU is dying as a concept and an idea, unless there is full integration, political, economical, financial, education etc. EU leaders want that and that is the end destination. It is a project with an end. If that is what people want then fine, but accept that is the path and the destination. It is all in black and white. Welcome to the EUSSR.

From the horses mouth if you have read parts of the Lisbon treaty...
https://twitter.com/LeftBrexit/status/1156650447547043840?s=09

Ha ha. Freefall? Really? Brexit and the impending global crash (its coming and it could well be a monster) are being used by money markets to take the pound down. Nothing new. So how is Brexit causing the German economy to fail? France is in a mess. Both are already in recession. Our data is much better that both France and Germany but the bed wetting lefties (inc BBC, Guardian, Observer, Independent) haven't mentioned that. YouTube Yellow Vests, or other media as YouTube are blocking as much as they can, to see what is really happening in France and why London is now full of the French citizens.Japan remains in deflation and stagnation. SE Asia dragons have stalled. All Brexit then. Revoke Brexit, take on the Euro, take on the cost of nuclear clean up as the power stations on the continent begin decommisioning (see EU energy policy). All vetoes and opt outs are to go (See Lisbon Treaty). Give up sovereignty and have an EU army. If you want that then crack on. The EU is not goi g to stay the same. It wants states and not nations. The BBC have even begun to use the wording EU states. No nations, no need for parliament. Staying in the EU means more EU. Most remainers I know want to stay as is....this is not going to be allowed. More EU. Big EU. Please dont mention the NHS and how it will be sold off. It already is, with significant amounts of work already outsourced to the EU (Romania has won a few tenders) through LEGAL AND EU ENCOURAGED TENDERING. Why cant other countries, inc USA have some of that? Oh and what about the chlorinated chicken ha ha ha. Oh climate change, the EU have led in that. Really, have you seen the emissions from Germany and the amount of crap brown coal it burns? Dig deeper folks. GIT, but it was all about that bus hey? How are the otters?

TT. Charts are as much use as MM. Delays are killing this share and market sentiment is turning in general.