Wres25 Feb 2021 11:20
Selling up 2 weeks ago, yes has left me 90% out of pocket but it was money that I knew I could afford to lose if it went Pete Tong (which it did). Nobody likes to lose money but that's the gamble we take on the Aim market. With regards to MM and his PR team, well that's just plain non existent and MM needs to make some comms with you all. Will Wres come good? yes I think it will but its going to be another few more years yet of pain for the LTH I'm afraid. LP and Regua need to get up to speed which I can't see for another year to 18 months away. The Gold could come in to play middle this year but again its in the ground and digging it up is a long way off. The debt, some $55 mil and potentially going to grow in my view. Interest payments are going to only be just covered by the production as we stand at the moment. Delayed plant delivery, who knows what MM has done with that issue, don't think anybody will be aware of any compensation award and as usual the lawyers will make a handsome profit out of that court hearing. To give you all some hope I don't think Wres will die a death as MM has too much invested and he has Blackrock at the moment, however, the debt so high that any good news about recovery rates and bags shipped off to customers is only keeping the lights on and the staff paid. COVID hasn't helped and the whole world has suffered. It would be interesting to see if the low cost plant that MM banged on about with production rates at $94 per tonne or actually happening, I suspect not. All, it has been a hoot at times on this board and one I will continue to watch to see if any of you make any kind of money out of this goat. Chin up and hang in there if you can.