Member Info for safetyman

Current price of tungsten is low, but Wres will make a profit on that. Our costs are lower than other most other mines. The current low price, is to my way of thinking, due to the recent sell off of 30K Tons by the Chinese from the Fanya stockpile to get money back from the ponzi metals scam they ran. Once the overhang from that is cleared the it is reasonable to expect an increase in tungsten price. All imho and I ain’t got an ology.

Kev, it’s also good to know what’s going on. So point taken.
As an aside to all that interest rates are getting low low; once we are producing it should not be beyond the capability of our esteemed management to get a low interest rate loan to pay off the higher one which was made to us when it was just a gravelly pit thingy.

Cookie that would be pleasing.

Kev, final electrical connection is, unfortunately, still not commissioning. They will need to run parts, mechanical align with the system live and ensure sequential timings are spot on. The integration and interlocked parts will have to be spot on. The initial pain for this is higher in a highly automated processing system, however, the upside is once it is going it is very efficient. It’s the old well designed factor. MM did get quite assertive on September being the time we get things really going if I recall the AGM correctly. That is not very long now and I think we will see a news cascade rather than dealing out isolated bits before. Mind you it has been looong time coming. If it gets motoring sooner that’s eccellent.... perhaps gold news comes too ( nice with the higher and rising price on gold). All
Imho.

I remember me history teacher saying Jethroe Tull’s seed drill was a game changer , certainly a big factor in the agrarian revolution. I can not see where a wheel thingy might not be good for yer crops.

There are a number things coming to fruition that singularly can move the SP upwards; together they are a very exciting and positive force ( from moghy):-
Q3 - Concentrator completion
Q3 - Concentrator commissioned
Q3 - LP plant completion
Q3 - First ore into concentrator
Q3 - Ramp up to full production starts
Q3 - Tarouca exploration licence renewal
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q3 - Half year results
Q3 - Gold JORC update
Q4 - Audit for compliance of 5.3m grant conditions
Q4 - Regua JORC update
Q4 - Transfer of old concentrator to Regua
Q4 - Announce successful extraction of tourmaline at La Parrilla
Q4 - Greenfield acquisition
Q4 - EIA approval for T3.5
Q4 - WRES announces cash flow positive
Q4 - Regua FID
Q4 - Regua capex finance announced
Q4 - Regua ore mining contract
Q4 - Regua concentrator commissioned
Q4 - 5.3m grant paid
Q4 - Mining at Regua starts
Q4 - La Parrilla 200 tonnes per month production achieved
Q4 - Initial sales of tourmaline announced
Q4 - Sao Martinho trial mining starts
Q1 - Regua production starts with first ore into concentrator

Langtry, indeed does seem to wander. I am reminded of the ‘Night of the Living Dead’ when they are on the roof of the mall and the guy at the gun store holds up a sign board. If you know the scene, it might be considered similar.

Langtry, I would second that. Also Kev is very good company and welcoming when you meet him in real life- we have had full and open discussions on this company and others, well informed I would say.

Best not berate big fellas imho, you never know when you might meet them.

Inki; I think yer wrong there with regard to relevance. I see relevance in most postings, sometimes views and sometime facts. MG posting that he still holds, I would cite as an example of relevance. You posted some irrelevances including health, family, something like a corporate responsibility philosophy and a story of financial success. Not unpleasant, but definitely off piste- so I take it you’re actually OK with non-relevance. As regards love and friendship, I have met and engaged with some pleasant people whose company I enjoy, so I think there is, for me, more to things here than just financial gain. You need to take off your cynical hat a bit more.

Blimey inki. How could I forget? Thanks for the reminder.......... Antichrist, that’s strong language though!

Kev, additionally, I expect the start of published production figures September on.
Just for clarity, that is based on reasonable information provided.

Inki, who the fork is Sid? It’s pretty obvious the antichrist is a bad chap. But I would have expected s more substantial name.

Hi Tonlin, enjoy yer van. If we get news this week it will be good imho. I am doing an optimistic prediction for news this week, but that is not based on anything O know. However, I am more certain that the real news flow begins September- I take that from discussions at the AGM and the recent videos, there are also the broker notes, then there’s the big return to work in Spain in September. So it’s a more pragmatic prediction for Sept news. In the meantime I predict critics will raise the old ’ MM shirt button’ at interviews thing. Chill in yer van and enjoy.

The Spanish will start returning from their villages soon (they all have villages with family where they go for the hols). They will want to be earning fish and seeing things moving, cos everyone wants money.
We might get a RNS tomorrow, if we are getting an early week one, perhaps Tuesday. I is getting excited indeed.
Anyway me daughter is coming over from Spain early September, I might return with her to have a few days, perhaps nip down and see me mine. Feeling very positive, no I do not have any solid facts to support this upness of mood. However, based on observation and experience I take an empiric view that news is due.imho.

thank fork for that

Reddington, spot on and well said.

you have always played a game where you post negatively by implication, that's my opinion -so I don't have to quote where you said what. IMho you are vexatious, an example being your argument about the 2000% above bank rate for the loan, which deliberately could mislead away from the fact it was a par for the course, if not good rate, for a starting mine. Using percentages to explain multiples enables use of larger numbers for impact, so that's a game too imho. Some places there is a negative base rate, do some multiples on that against our loan, you might need some 'i' notation, or perhaps brackets.
I tell you where I can quote from, today 10:38 saying you would not post anymore. You have said that before too, going back a while when you sold at .28 if I recall correctly. I assume you will post again despite saying you wont, several times.

Jaf; that’s some compliment, you calling me pedantic. Usually, I am erroneous with words in sentences as use the wrong ones or my grammar is poor- I have been called slap dash. I must be improving. As for petty, well imagine keep going into a bb to **** people off and knock the company, whilst openly saying you do not invest in it now or in the future and that you don’t post. I am not sure I have a word for what I might call that. Oh yes so do, I remember now.

Jaf, I cannot remember a post I have enjoyed so such in a long as your 10:38 post: you said; ‘........ I cannot speak for anyone else but I have stopped posting because I have said all I want to say...’ that is so funny; saying your not doing what’s you’re doing.... and then later on referring to a quote from The Pirates of Caribbean, to again not post. You are a most amusing chap and an excellent dude??

With regard to MG going below the 3% threshold; my understanding is that is what it is and not a total sell off.
As a marginal remainer I hope you Brexit guys are correct that it ‘‘tis a far far better thing’. Personally, I am happy with things as they ( or at least how I am affected), so would not bother to change. I certainly am not duped by the various self interest groups that manipulate us and sell us ‘sovereignty and patriotism’. Let’s hope it works out well, because it is not in my interest to get into the ‘we told you so’.
With reference to banks; I have always liked them ( let’s not talk about the Halifax SP crash), all the negative interest malarkey Japan, Europe means that straight lending and borrowing does not offer much profit- in Denmark you can get 0% mortgage, that could evoke -%. Ordinary banking could be over.
Recession, the central banks have used all their ammunition, but if Trump gives it a ‘He is great guy we have worked out a deal’ bullshert , then tariff barriers drop everything takes off again. - ultimately Trump will have to, there will be lots of pressure on him.
In the meantime my plan is, we at Wres get into production then take a loan from European/Spanish bank and pay off Blackrock. When we get into full production many things are made possible. Trumpets lifting barriers would benefit us enormously........
Production figures produced from September on, not long. In the meantime some good old RNSs won’t do any harm.