Member Info for safetyman

That the RNS refers to development at La Parilla. We are commissioning the concentrator as the last bit of the jig saw, so is more development about opening up other areas of the licensed area? Is there more ore body? We are developed to run at T2, so there must be something more going on- and a sudden enthusiasm to get in at a premium requires motive. Just pondering.

Watching the news: evidently oil production is lower than current demand. The Saudis just lost 5% of world production. If we all needs more oil, then will we need to drill for more?. Will we need more drill bits? What is the metal on the pointy parts of drill bits? I think we all know the answers. It’s an ill wind.........

I think if someone bought £3million on the open market we would see an increase of more than 6,67%. Do
Much do that before you had finished hoovering them up they would be prohibitively expensive.

.... and we finish 6.67 % up. Well then that knows what they know and all that.

Excellent couple of days. Yesterday, put me roof down on me little car and drove through High Weald, ended up at the Kitkat cafe on Camber sands. Having a cup of tea and the obligatory kitkat, when two young and very fair maidens in very skimpy bikinis rocked up. As they went in to purchase and passed by it was impossible to not notice one of them had a rash about 6 inches across, the epicentre of which was bottom button. Oh I just keep chuckling, a good ointment should resolve the problem. Lovely drive back and stop in a nice pub. Then today, finance without increased debt together with a very firm indication of a 20% SP increase. Crackerjack imho.

But.....buy

I reckon it looks like there is another largish but lurking around in the background. All said and done, placing and further commitments to pay .5 when the SP is sub .4 is a rather good endorsement. The fact it is local ‘old’ money makes it better. Having met some of the regional Spanish investors last year I can say they are well. Established regionally, successful and to be honest, pleasant company- they seemed very positive. Personally, yes I am unhappy at what will be a dilution, but I lay that off against no increased debt and regardless of anything else in the past, we are where we are and we have to play the way we are facing. So having state of the art kit installed and ready to be fully commissioned and finance is still rather good. IMHO.

L200, is your farm Ayrshire? I have worked in Ayr a few times, the Wellington pub very welcoming.. What very friendly people, always enjoy it there- and me a sasanach too.

DB. I did spend part of my working life involved in business insurance ( National Employers General Mutual Insurance Association) . I can unequivocally say that, Public Liability (PL) Insurance has nothing whatsoever to do with compensation on contractual failings. For your education PL is for losses and damage to third parties e.g. the third party gets injured on your site, such as a delivery man slipping over on an unmaintained pathway.
Ridiculous point.

Once again. It was stated at the AGM, in front of the auditor, that there is a clause in the contract for compensation in the event of the delay. The fact that this is commercially sensitive and thus not for disclosure is quite usual. Additionally, it usually takes time for the redress to take place and what form it may take is part of the confidentiality in the contract (I was informed of this last part that his is the case by a rathe successful business accountant who happens to be an investor). So not speculative, just following business practice in a correct fashion.

having already discuss penalty clauses, it does n harm to reiterate. Yes they are in place, they are confidential, yes they will turn up somewhere down the line.

When K3VMC says; "Those terms are confidential“. He is correct, Masterman stated this at the AGM, they are subject to the contract. So whatever the compensation to a Wres is, we don’t know what they are, but they do exist. They will probably take a time to get. In the mean time it’s a good time to buy under.5 imho. Someone(s) who lives near by certainly think so.

Getting local ‘old money’ in is usually a good thing, there may be benefits to local investors through the machinations of their tax system perhaps. There is no tax on AIM premiums are n the UK, but what the deal is in Spain could be tax write-offs or such. To get it on a placing at a premium is good. The money is too much for just wages so perhaps interest payments or a further development ( the entire mining rights covers a very large area, not just where the mine is). Personally, not happy about the placing, it was the same as the one earlier in the year at .5 so we s dilution, but being at .5 at the moment certainly has a positive twist to it. Probably explains the sells last week.

Tonkin; Not an easy thing for a man of your advanced age and girth :)
I am now assured of success if you can accomplish that.big well done to you and the BoD.

Despite the hit today there is good news it seems. Yep Bloomberg are saying trade wars ending and will cause upswing, even the telegraph was more optimistic on growth with QE set for the Euro zone. So yer could expect more requirements for commodities in a growth situation. The report on tungsten from the other day gives expectation of increase in demand whilst production is dropping. We will very soon have the full T2 running. The fly in the ointment is this Fanya auction, hopefully clear by Wednesday. Gold starting to stay below the $1500 level, only just though. I didn’t see the chartist on that one. Funny old day today on Wres.

Is not too bad considering, what for this share, is a single big dollop. Could have hurt a lot more.
Anyways looks like icy relation trade wars between USA and China starting to thaw, them Chinese opening up for their beans and such. Markets positive on that. Then there’s the Fanya auction Monday/ Tuesday. So with a bit of market optimism, overhangs on APT clearing, ramp up starting, it could get a whole lot positive.

Corporation tax income for 2016/17 was £56 billion. In financial parlance that is known as; better than a poke in the eye with a plastic duck.

Graham, point taken, but the bankers and the corporations pays taxes and they spend here, or used to. They have moved the jobs elsewhere and the management of the capital. The truth is we are not going to be able to rely on the patriotic work ethic of the great British worker. But, if we ever find a way to make slacking profitable we would be a world leader.

Regardless of what happens, I think UK society is in terminal decline, a few more step changes and we will be like South Africa. If rich enough we can live in guarded compounds. Personally, I would like to move out. So as we say at football, “Come on you Wres”

Kev, 100 companies moved to Holland, 360 more in negotiation with the Dutch govt. Rees Mogg’s Somerset Investment, a vehicle for moving funds out up in Dublin - it’s prospectus says because of brexit. Merrill Lynch, Barclays, and many others moved out. It ain’t good what’s happened so far. Mind you Wres is getting Upwards which is good.