Member Info for safetyman

Jaf, your postings tend to come across as it’s all about you and your feelings, quite often. You gloated by saying you were not gloating and when challenged said that it was a philosophical point. Given your stated dislike of the company and the chairman it does, for me, leave me with the impression that you have a strange motive. Just my opinion of course.
If you are actually interested in Wres, I would say that I thinks it’s, in my opinion, a tremendous opportunity bu6 in price and I certainly would not want to be out of. These over the weekend.
Talking of which I hope everybody has a lovely pleasant weekend and is able to enjoy he things that matter, my sons coming over tomorrow and we will go going out. It does not have to be complicated.

Anyways, no real news with regard to la Parilla as we have been getting quarterlies. The Portugal thing seems positive, if that gets lift off on approval , as seems indicated, that will good.
Now it’s await the Q3 report. Might see some improving figures there I would have thought.

Jaf, great to see you say your not wasting a gloat. However, that does seem to be a gloat imho.

kev, you need to speak fluently to fill the forms in, in triplicate.

OMR, it is my understanding from reading stuff in the public domain that quite a few people with mining interests have been scribbling notes to the authorities; the govt changed all their legislative doings last year or before and its been something of a male chicken up . The Portuguese want the money mining brings, so are motivated. Mind you the Spanish consider the arrangements in Portugal to somewhat Byzantine................mind you I think it is getting sorted.
in the meantime our La Parilla loooks to be getting really going and the gold from Portugal would be or is a bonus......aimho.

Troajan, MM has spoken of a potential JV on the gold, so may not require too much money, or perhaps none.. The inference, I have taken, is that with the correct permissions and licences for us , then someone else doers the digging etc. However, we might need to do the next stage to get there which is few extra holes to determine whether the seam(s) are horizontal or deeply dipping, but then again that could be done under a JV. We shall find out a bit more once the Portuguese get their finger out on the whole mining licencing arrangements- my understanding being that this has affected lots of companies.

Glod morning.

Jaf, I must say I am so very impressed. You’re like genius. In fact it’s so clever I think I will read nmy gas and electric meters as requested by Octopus. Hope that makes sense.

Hats off to yer jaf. That’s dedicated monitoring for a non investor,actually knowing at what times of day the state of play for the sp is . Imagine how interesting you would find it if invested.
Personally I have only just looked in , and pleased by blue simidgens.

And … I say to myself what a wonderful world……
…………….watching bloomberg just now: tin up $1079 (3.04%) and they say $36539 per ton. Now surely antsy reasonable person would say that’s another good thing for Wres.
Troajan, Ithink you will find i have already expressed a view that I should not l8ke to be out of these over the weekend.

There's blue smidgens , how very pleasant. it makes me feel that I wouldnt want to be out of these over the weekend.
Anyway, metals going up in price , hopefully we can continue with increasing production month on month, atlas overhang nearly cleared, 7 day working and a qtr report to come soonish.
If we get good news on those and some of the other things like the Gold at sao martinho or the Regua malarkey I reckons we could see a considerable change in the SP. imho. I am sure everyone wishes us well in theses regards.

Ie, there are gaps in run time on the plant ( all sorts of reasons)., otherwise we would achieve 100 % utilisation, there will also be gaps where equipment is not available. Wether or not this gap time occurs at shift changes is not known, but could be a reasonable assumption. 91% utilisation is pretty good though.

As part of a ‘funny bunch’ ( not my description) I should like to comment on the opex; I would agree that lower production levels are not good. However, moving forward, so far what we know is that;
Until August there were 365 tons of concentrate were produced.
The RNS provides a reaffirmed estimate for year end at Dec of 1000 tons,
So that gives 4 months to produce 1000 - 365 = 635 tons
Which is then ( if spread equally over 4 months) 159 tons per month.( not 100 tons per month)
The higher opex per mtu occurs during the lower production, and the 248 is for the average across the whole year so includes that.
Therefore the next 4 months will actually have a reduced opex per mtu.
159 tons per month will provide more than 1.5 million revenue.
Prices for metals are rising ( tin up over 4% today )

Makes sense to me Kev. Information provided so recently; August RNS update referred to the $1 million + revenue milestone having been achieved, the update for September referring to 7 day working starting and the figures for monthly increased production and the reaffirmation of achieving year end production targets certainly make Troajans assertion that we are at, or will soon be, at $1.5 million revenue. It is also worthy of note that the lower tin recovery/production is referred to and that this is being remediated by adjustments to processing. As instant expert says, it’s not implausible to arrive at the 1.5 figure even calculating conservatively.
As for Scorpios assertion that I must be 90% down, that’s not in line with my calculations, and I do have access to my own figures of when I bought or sold and how much for. Also, I retain my assertion that a large increase in tin price is good for those invested in Wres.
My comments are my opinion on Wres, I am invested in them, and so that explains why I am interested in the company. However, some seem to have an interest, certainly on making comment on the big anyway, for some other reason I cannot fathom.

Tin is now showing an increase of $1440 (4.26%). I think that’s more good news and I am sure every reasonable person would agree.

Yes Troajan,I did have to sell some in the 40s,30s, 20s and at 15, a total of 30 million in old numbers.I have been fortunate enough to buy back all of them and more recently.in the interest of honesty, it was not a planned or intentional process and I do not want to be smug about it as it was the result of circumstance. I had to make a choice about what assets to realise to deal with life’s events and It is my opinion I got relatively lucky. I now have more shares than originally ( allowing for conversion). If finances allow I will get more while we are along the bottom.

I feel the last post by GUG was inferred that I may make a foolish comment.
Well I do have something to say just saw tin was up $ 1105 (3.27%), according to Bloomberg.a wholly good thing for Wres in my opinion.

It appears to be an exceptional buy in price imho.I am hoping to get a few more in a couple of days. Big well done to Kev and a Troajan on getting in on the lows imho and also to all those on any BB that have assisted ( if bbs have any effect) in this low SP.

I think it’s fair to say there is no such word as ‘irrersibly’.
Mind you gravity separation is a key methodology for separation of tin and tungsten used at La Parilla. Actually quite a good thing to use the physical manifestations of physics as a means of processing to achieve an end product. Hats off to Mr Masterman for employing this approach.

School jumpers for goal posts.