Member Info for safetyman

Ie, it all seems to be in line with my understanding which was basically, using crushers from a nearby gravel pit, filling that up with the waste and getting a basic process plant going then shipping to la Parilla. There were delays relating to COVID restrictions and also changes to Portuguese legislation on mining so things had to get applied for under the new doings. I admit I might be wrong, but I was comfortable with the RNS, I thought it was good aimho. If you’resaying the RNS is a lie then that’s a bit of problem if it proved to be the case, well I would have thought so.

Jaf,
I have no doubt that you object to joking banter etc. I would expect nothing less.

Jaf, I am pretty sure sometime ago you said you were not going to post on this bb anymore.but here you posting away. That at one time you were down, but you ended up making a profit on Wres.
As to other bbs having posters that continually post day after day negatively, but tha5 are not invested and don’t like the relevant companies; well if thats the case I reckon there are a lot of troubled souls out there., in my very honest opinion. Where on earth do the6 find the time. Is it coordinated by some altruistic organisation with hundreds of volunteers continuously working to provide what they see as honest balance? I really don’t think so in my very honest opinion.
Continually holding has not worked out well for long term holders here, some more than others.
And I don’t think there are many people that worry about ‘balance’ on small and not much read bbs. I do think that some people might think that the negative, non interested parties with their continues posts must be a bit odd, or actually have an agenda more likely, that’s all in my very honest opinion.
Also for the non interested multi posters, who clearly must have lots of leisure time ( posting being their leisure pursuit) can take the next opportunity to buy one share and then they could meet up at the next age. Given the enthusiasm to post I dare say the posters will be rocking up. Lots of interest, altruism and concern can be projected more readily in person.
I trust this is received in the spirit it was sent and that is to say without any intention to denigrate, insult, provide confirmation bias or antipathy.
I am sure we can all agree we look and hope for Wres showing good figures and the SP to rise considerably so that 5hose underwater cease to be so and indeed some make profit and that Wres goes onto prosper and provide jobs in the regions it operates. Given the considerable altruism I have no doubt on anyone on the bb not wishing tha5 to be the case.

Dreaming,Pablos value was in management and local business influence, (his family have interests in the area). Jesus brings solid practical mining knowledge and the application of processes on the ground- an excellent addition and probably the best staffing move made; but that’s not to say others did not fulfill functions. Having support locally both from business and political arenas has value.
I am still bullish, but it has been hugely disappointing to see the set backs encountered particularly this year. I still take the view this will succeed otherwise I would sell up. If I remember correctly on figures you must be hugely down, more than I ( still a good few Bob though) , but there are others I know more down than both of us , they hold and that includes MM.
If you look at this as a moving forward situation, with everything that is now in place this still looks good in my view. I accept looking back from the past until today t looks differently.
Let’s agree to hope for good production, refinancing, licensing, gold production, Regua on line, increasing metal prices and good weather.

He might have other fish to fry, but he has put several shed loads of money into Wres; So I think he may still be interested. It’s now about what the chaos at the sites do with production. Big improvement on the ground since Jesus arrived, the CFO at Wres is experienced in managing finances for sure, the big negotiations to get everything set up with contracts and the plant and the political stuff is all in place. He has even in Australia for the past year so it looks like the daily stuff is taken care of. The key thing is getting the dirt pit through machines to come out as tungsten and tin, needs the boys on the ground, not him for that.
It does show that he is held in some reward in the business world with Fortesque using him on a very important strand of business going forward.

yep, he is CFO of Fortesque Future Industries, not Fortesque. So that makes sense.

Fair do; It seems he is the CFO at a spin off Fortesque Future Industries (not Fortesque). -since October 2020.

instant expert; you appear to be incorrect, michael Masterman did work for Fortesque some time back and its on his CV. I cannot see he is the CFO at Fortesque now- and I mean I cannot see that he is and it is according to them someone else; your link about hydrogen and I am not quite sure how that relates. however,
according to Fortesque's website (see the person third one down) their CFO is Ian Wells : i have provided the link
https://www.fmgl.com.au/about-fortescue/executive-team

Well if he is turning dirt into tungsten, all rather good imho.

Dreaming, I think it’s just the sting of the September production figures and no sentiment for buying. The Regua news was actually good, but it’s not substantive in the way of current income.
I think the best option for financing might be Blackrock, but that will involve warrants- mind you they went above the sp price on those last time ( if I recall correctly).
For me it is about what we can produce.the metal price being higher is helpful, but all in all we need something substantial on the good news front: so production, perhaps gold licence and a JV would be good. Other than that it’s back to waiting for q4 results I suppose. Unless we can get a whole string of good news RNSs that would be most excellent. Kesera sera.
Personally I am thinking optimistically. Each to their own in these matters.

And what a very pleasant morning it is.
Hopefully La Parilla will be working and producing,good weather is better for production it seems. I would like to see some good figures for October, but it may be the case these don’t come out until the Quarterly report.

Logic and reason dictates that Iberian Resources Ebitda refers to production at la parilla. See k3vmc’s post on this.

Ie, the operational plant would be the bit the bit that is ebitda positive- if there is no plant and no operation how can it have ebitda?
I admit I am making a presumption, but it requires an operation or activity to be taking place, otherwise how can they produce to provide earnings. And they say they are and the ebitda is positive.

Well that clarifies things. That means the operation at la Parilla ( Iberian resources Spain) about Ebitda being positive refers to the operation there, and as that’s the only plant currently working that’s good and we also have other vehicles in place to ensure we can deal with operations in Portugal doing other things like gold etc, that good imho.

Granny, spot on.

We have blue smidgeons. Onwards and upwards I hope. If we get improved production numbers given to us for October that would be good news too ( mind you monthly figures are nota given and it might be a wait for the quarter).. Also news for Sao Martinho to come soon, that could be good-then perhaps a JV for the accessing the gold. Potential for good news in amongst the news.imho.

GIT, the ore from Regua will get processed at La Parilla, so that’s considerably higher grade going in and increased production on the same amount of throughput. Given the ore from Regua has three times the metal in it, then it’s a going to give a nice increase on the output for the same effort. The sooner that’s happening the better imho.

As the higher grade ore is processed (Rather than the lower grade as was the case earlier) then the recovery increases forr a given amount .
So increased grade of ore and higher metal price should be a good thing. We wait to see to the production numbers from now on. I hope they improve. We are told they will.

GUG: I have often asked why you come on this BB with so many postings, sometimes many in a day. You have stated you do not like the company, are not invested and would not invest, So it seems strAnge to me, as I could not figure out your motivation for all that effort.
Then in your 1435 post you state “ Anyway, if it pleases to belittle the shareholders so be it. “
Thank you for honesty on that. However, it does speak volumes for your character.

tin is going up again now.....we take solace where we can.