Member Info for safetyman

Blimey. I suppose there are them that knows things that is mortals can only guess at. No songs are found on staircases. .... upwards then.

There may have been production July- sept and now Oct. might be in bags waiting for the apt price to recover. If that’s the case there might be some more cash to add to the sums.
At the moment ‘the market’ is not showing confidence, but I think that in this case it’s big lump seller(s) doing a tree shake with a view to buying back once a sell off has sufficiently reduced sp. looks s bit manipulative what’s going on, or someone needing funds. The same thing happen ended in terms of shares at orm, now orm has risen we are going through the same, not a coincidence imho. I am holding and would buy more if more daughter hadn’t visited me for two weeks. In the meantime, chill my friends, every soul is precious and it’s plain wrong to be getting at it: we are not rats in an overcrowded environment, or perhaps we are. Now as for Brexit.......

I had a butchers at Orm, they got hammered for a bit and this week that is back up. Clearly, a tungsten thingy going on imho. Also I copied this from their BB:-
.......Thanks Tro. Apt continues to increase in China . Up to $239.7 mtu . Europe starting now to increase 205-215. ....
.... so could be getting good on that front.

Them Chinese got lots of tanks and things, I would think that requires machining and hard pointy bits too. You never know when they will have to shamefully defend the capital from students. Tungsten demand there solely because of the political situation imho.

Good to see you posting jange.
Listening to Boris doing his speech, evidently we are going to make fusion reactors and sell them to the world after Brexit- well given no ones been able to develop a viable fusion reactor anywhere, that’s amazing...... sorry, it’s so chuckles.
Anyway how’s the APT price, increases on that are jolly good thing. Tin has been taking a bit of a bashing recently, but has been zonking up past couple of days. I believe this is called volatility. The volatility leads to gold price going up again and just kidding $1500 with a $1499.19.; higher prices could see it worthwhile pricing a gold mine; so if it goes high the evaluation work might get brought forward,- just doodling my mind there.
It occurs to me that we have news waiting in the wings, perhaps timed on matters of production at la Parilla. I think that’s probably the thing to focus on at this time.
Oh yer Diane was doing questions today, also amusing.
There had been job growth in the EU, that’s s good thing.
There are also brainy economic types looking at ways of stimulating other than quantitive easing, something to do with helicopter approach, perhaps the chinook discussed earlier.

He lurks in the dark places waiting to bring light to those requiring it. So he pops up from time to time. However, due to his omniscience he is very busy.

A good RNS tomorrow would be welcome.

Marklee, that was the amount until June. Was still very low though. My opinion on that was that at low volume with just the old concentrator the production cost is relatively higher and the Fanya thing suppressed the apt price. So all
the effort went into tuning and calibration of kit as it was installed, that being the best use of the old concentrator. I have no facts and that is just an opinion.

Chaser, the gold news cannot be categorically stayed due to the experts opinion. As I have previously stated it was my view further drilling or trench work will be required. We do not want to spend time or effort on that until la Parilla is up and running. So you are absolutely correct it is to our advantage to
Not rush that. The gold will not go away and will still be there.

Attila, I don’t think being a ‘remoaner’ has got to do with the investment here. Nor has having long flowing hair. You seem very angry, you need to calm yourself. Try to centre yourself, meditate and relax. That politics stuff can get people very frothy at the mouth, all the politicians at the moment are completely absurd so ignore them. It’s for the best.

Apologies- Should have read .... the life cycle for mines means delays and is almost de rigour.

Troajan, you are factually correct. I recall much of this has been previously discussed. The life cycles of mines means and in start up are almost de rigour. Thanks for the facts you bring forward.

Troajan, you are factually correct.

Having visited the la Parilla site I can say with certainty; there may have once been a mine on the site, but for all
Intents and purposes it was a greenfield site. The ground was undeveloped, no road as such nor any plant or machinery. There had to be drilling and jorcs to identify and quantify the ore body. The only advantage of the previous mine was the lake and Fernando the senior engineer with a thorough understanding of the local geology. Other than those two things everything else was blasted, dug, brought in, constructed and commissioned.

Dreamers, it don’t make much sense to me either. There has been a fair bit of selling for a few days, so without being trite, it’s simply that. That can occur for all sorts of reasons, perhaps the low production figures for the quarter was the catalyst for that?Ithink the production and other factors may have been related to the low apt price from the fanya overhang hasn’t helped. Then there were expectations from MM’s previous announcements. A good rns tomorrow would be welcome.

Is based on the longer term. So the suggested placing(s) at .5 at this time seem a very good thing to me. The production has to be happening and until we see that it will be good to have money. A placing now will not make much difference once we have cash rolling in. I also take the view we need to do whatever it is to ensure that production, we don’t want to be doing stuff all over the shop- I am also of the view that is the intention of the board. September is now over and nearly everything in place, we are told that concentrator commissioning is supported by the work on calibration from the old kit, so should be straight forward.

A good one would be welcome. A bad one would be disappointing. Well that my view. ..... and not having one might be a bit boring.

Oldie, I think crayfish is a bit tasteless. I would rather it was a lobster salad.

Strangely, this is actually the best buying in time. Wish it was mine. I shall just hold now though as the next best thing.
I predicted that nothing much would get done in July, August and beginning of Sept- so production levels were to be expected. MM got his June video wrong and that don’t help.
However, looking at where we are and apt proceeding on the up that bodes well.
As for tax deductibles, in Spain you pay tax first then you get it back if that’s the case over a prolonged period (that’s my understanding) so it would not be worth putting money in for that reason. The Spanish money is going in because they think it’s a goer.

An optimistic view does not always lend itself to seeming to be balanced. I am optimistic so can be castigated as being unbalanced. Coming from a long line of unbalanced ancestors I have had to learn to disregard such criticism.
In the meantime we have investors wanting to put more dosh in at a premium, despite the confidence knocking affects of the delays. I always take the view that local investors have a fair idea about what’s going on locally.
Now more placing is dilutive, no doubt: However, if the money is for ‘further development’ that could well mean there is much more of the la Parilla site to develop; which would mean although there’s more shares there is more real value to the resource. That would make sense for a local to buy a placing at a premium. What would not make sense would be for a local shrewd person of business and financial acumen to buy, at a premium, something that they really should know about and that investment is wasted. So for me; then that knows, knows something, whatever that might be and makes decisions on that basis. Spain is not an easy place for investors to make money, the successful ones are shrewd imho.
So optimistically, I agree with Tonlin; we are behind in schedule as is clearly evidenced, but that moving forward this will be very good indeed.imho.