Member Info for safetyman

Tell you what Troajan,with your incoming and such you wouldn’t want to be out of this over the weekend.

Thanks for the update. Tungsten price above $300 is excellent news. Every dollar above the line is an exponential, rather than linear, effect on the financial doings.
Now if production also increases, particularly once we start hitting around 120 tons the change in fortune could be profound.

Bermuda run, thanks for sharing on the tungsten price. The price increasing above $300 per mtu is really rather good for Wres. As I understand things, the effect of increases above the estimates in the shard report is actually more exponentially beneficial rather than linear where income is above break even. Rather good indeed. Now if it were to further increase and production increase as well, I would have thought that agreement could be reached that it’s a good thing for the company.

Of blue, my favourite colour for smidges.

GUG, thanks for the concern. I sleep OK, but sometimes finish work later in the night partly because I find it easier in the late hours, but primarily due to ensure deadlines are met. I would think you’re familiar with that in your line of work too.
In the meantime, Wres may well be working to their deadlines- which if achieved should see improvement in the SP.

GUG, that you have taken the time to scroll through on another’s posting so as to make a barb. Hats off to you once again. Lots of effort …….and all for no motive of intrinsic value ( that we know of).

Rod, I am Ok with most of the required wear, but always find totectors uncomfortable.if you want to see mi hi-vis I am in the mine photo from the la Parilla visit. Can’t miss me, I am the handsome one.

Quite bright out this morning. Production figures to be provided for July perhaps? If not today then most likely next week. Given the last RNS there appears to be expectation of good news for us with regard to la Parilla. If it’s not news about increased production, then it would seem there is expectation of some other good thing. Don’t suppose we. Loud be hitting a huge gold deposit, that would be nice.

Tongy, yer right i was going for a dilutionary but got caught in a dilatory predictive text thing.............but, then i thought well this will be an impediment to SP rise in the short term, soyep thats right too.
as stated all expected.

The Atlas conversion is a known. It has been known about and on the table since last year. There is nothing new about it having a dilatory effect that was not expected. However, we are through most it now and the overhang will diminish, once cleared the brakes are off.

GIT, clearly someone seemed to be very prescient. One wonders if brokers have this gift.

Them overhangs are not good. Nearly finished clearing though. Seems Atlas are taking a view this must be the bottom I reckon.very cheap to buy in their opinion I suppose.

Indications of an expected rise now, imho. Huge effort by tong, why else would such effort be made?

Rod, as it’s a mine it will no doubt involve shafting. .

With respect to the option for long term holders of bailing if we get to even break : speaking for myself, if the share price gets to break even it will, as a minimum, indicate good production levels, which in turn would bring refinancing at lower rates. for me, Breaking even would be the harbinger of more increase for the SP and that we are becoming a mid tier producer situated in a EU jurisdiction , providing metals that are increasing demand- so its unlikely I would bale any unless in need of some cash. However, given the torrid time with the SP so far it would be understandable if there was relief for others at getting money back. IMHO if we get increases in SP it will be due to perception of profitability and good figures- not really the time to sell I think.- unless of course your are into trading and understand those matters more fully than I do.

Sigiroy, I know I dont usually get much support on this matter, but I wouldnt want to be out of this over the weekend, This one might be the best yet.....July figures .....could prove me right (I admit I may have been wrong on previous occasions). Lets hope its a stonker good show for next week.

toli, I didnt realise MMs worked like that. I would appreciate any explanation of how they operate in the way you indicate. This would clarify my understanding. I thought they just balanced things up on trading, perhaps I am wrong ?

GIT. Far be it for me to contradict figures, but over in Spain they dont do much for Chrimbo, so we would only really be one day down for December, the Three Kings thingy in early Jan is more their cup of tea. I expect there will be other factors such as variables in ore, production etc. Mind you if we get some figures for July, I would agree we could gauge things more bettered. Looks like a good buy in SP imho at the moment.

Troajan, that must be about a £100k you have found in furniture this past month, and it’s all gone into Wres. If this multi bags you can pay for the grouse shooting trip.

It looks like buyers are twice as optimistic and sellers twice as pessimistic. Someone’s got a jitter finger I reckon.