Member Info for safetyman

Cheerio Jaf. As long yer relaxed it’s cool. Try not to get too heated in future discussions on other BBs it’s bad for blood pressure and such. Personally, I drink beetroot juice if I feel I am getting a bit wound up, very good for lowering blood pressure. Good luck with your future ventures.

Troajan; I think you got it right.

That’s the warrants out of the way. Rather good really. SP lower , so I will try to get some more. Quite excited at what the news flow will be over the few months. Excellent. Oh and I should add its not about relationships with MM from my observations, he doesn’t have any as far as I can tell. Certainly one investor had dinner with MM in Adelaide a few months back, ( if I have guessed this right) the same then slammed the phone down on Kev over this today. So no favours I can deduce. My only regret was I didn’t in and out, but am to worried about missing a bus on this tbh. Extra money for extra things, oh that could be golden. All inmho.

As I understand it we don’t make any cash loan payments this year. It’s PIK, what form that’s taken I don’t know. Anyway are we doing polishing the car or can we just have a punch up? I got to say my understanding is the same as Kev’s. I turn up at the places like AGM, la Parilla, presentations, pub etc to get info and see for myself. It is simply put; honestly done and a cracking investment opportunity inmho. There are problems and delays, but I expect them. Having worked on projects and commissioning from complex mech to digging holes in the road, there will always be gremlins be that calibration issues, prefabrication issues or even simply striking a cable in the road (ker bang). Engineering never is a gentle walk in the park. However, we are almost into the last furlong. I am happy.

Considerably de-risked.

Are my fisherman friend. I think you have come in at exactly the right time ( if we exclude the 2s,3s and 4s) as we are now in a materially better position than at any other point. Remember all the blah blah about infrastructure, plant etc negative argument put forward by those that expressed that view- now totally disapproved! So a bit more expensive than the lows, but considerable derailed now. Just a matter of getting the wheels turning- which is now happening. Top investment inmho.

Spot on Kev

We already knew of the delays.The RNS updated us on the position in an official way. Included in the RNS, but not in other communications, was the fact that we are below budget and within contingency, which was reassuring and there had been some queries around that. It also gave an accurate description of current progress with regard to construction, steel delivery for the concentrator and completion on the jig and mill. So the RNS was firming up on known stuff and providing positive information on that which was not know. There had been fears about cash burn because of delay, but this RNS confirmed this is not a concern.

Me personally, I am an optimist, so I reckon Tuesday next week.

The tin comes as a proportion of the tungsten. If you look back through the presentations on the website you can work it out.

With the bit in the RNS about tin production taking place. We had it mentioned to us on the trip to la Parilla and also in other bits and pieces but this is the first official confirmation of its production that I can recall.

Still time to invest before the SP starts flying. Most excellent imho.

More than half a century ago I caught me willy in me Zip. It was painful at the time but it recovered and went on to provide pleasure and solace in times of trouble to me and others. So my own personal phrase of wisdom is; don’t worry about a bad nip, because things get much better.

STV, I think we agree on much; we can only live in the moment my friend, the future is not here yet and all that. Having been very poor when young, I dread the thought of returning to those circumstances, hence a bit of greed on my part. I drink deeply of the simple comforts I enjoy, rib of beef, decentish bottle of wine, jersey royals. I ain’t big rich but I have made enough on the markets for s stab at a reasonable gain. My ambitions relate to being able to ensure some financial security for my son and mainly for my daughter who suffers from a great lack of materialism (so I have to do that for her so she has enough money for the air fair for a trip home). Any road when I retire I should like to come visit you in France, I will buy the wine and some decent beef, you cook it and we can have some of your home made bread and such, All when the simple increase we wait for on the SP is forthcoming. Soon I hope. Then that can be followed by dividends. The world will be our lobster.

As regards sheep, if yer going in and all that.

Balls deep. No never done this before. Usually all blue chipped really with a little side bet on AIM.However; there comes a tide in the affairs of man which, if taken at the flood..... and it all seems to be combining together now. So I when I say I think that this is going to do very well inmho, it is genuine. I have always been of the opinion of the CEO puts loads in then he must believe in the success. I would say proportionate of personal wealth I have less of mine in here than MM does ( part of his is in his pension fund). I see it as the best shore I have rocked up on, that’s my view. Now positive waves people, keep ‘me coming. Bon understands these things, you should take note of his sagacity.

Most of us chatters are in the 1.5 to 0.5 percent range ( I am a lowly 1) . Then there’s the big boys on their above 3% who may not necessarily be declared due to the way they hold them. Or those declared at 3% declared but will in reality have more. Then there’s MM and Pirola. I would reasonably guesstimate for individuals we are way in excess of 60%. Then there’s Miton and Hansource ( which will resolve). So not a lot to float around or enough for us to be rolled. Just us here are a considerable lobby. From those I know this is more investment than trade, so any buying in at these prices by outsiders on news will not be met with too much selling with a few exceptions ( eg Troajan likes his ins and outs ) ... hence according to my theory like dinosaurs this Was thin at this end, but is going to get much fatter in the middle.

I have added up all the shares people say they own and just us lot alone have got a lot. So there's 35, or so, of us own the company I think.

Take old Swisstungder and his advice that tungsten mining was like making love to a beautiful woman, not worth pondering inmho. However, when yer are hawling in yer herring there is a gap between then and when you sell your catch back at harbour. So it is with our tungsten we are just starting to lay the nets, but in oh so rich fishing ground. Then of course there are tower blocks of gold.

Well done TPete. .42 is a superb buying price. Many increases to come!