Member Info for safetyman

OMR. Until the licence is issued nothing can happen. The delay on that is due to Portuguese legislation and bureaucracy. Once done then we will find out, if we go for the trial mine that will require money or JV. If we sell, as an asset it might be better to do so after the resource is established - if it turns out to be more ( could be deeply dipping or horizontal ore bearing seams ,my preference is to have both and more than ever expected) . MM has mentioned a JV as a potential way forward on previous communications. Very much more a side show than before I think. For Portugal, getting Regua would be the biggest winner for us. Aimho.

Not want to be out of these over the BH weekend.

I am shocked. Then again you have been going on about being in and out of things and you had sold and bought this and that for some years. There have been clues, a trail of breadcrumbs or was it planets.
Absolute shock. Well I never.
Tell yer what though if you know any traders these look cheap. Any lower from Atlas overhang, or are we on the floor as we are.

We are where we are and not where we thought we would be. However, given the ceo just put in 250k on top of the millions he already has, it would be fair to say two th8ngs, first he feels much the same as us and secondly he reckons there are brighter days to come.
Let’s take tomorrow as a new day, what has gone is now past. Also we don’t have a re a nasty habit of going on bbs where we are not invested and spend what appears to be a full time job trying to pull a company, it’s management and other posters apart.
Any road, I think it’s looking promising. There is one more hurdle of the Atlas last tranch to be put bed. Production is increasing, metal prices are increasing, Regua and Sao martinho appear to being looked at for progression.
At a guess there are are other investors that we have heard of before buying into the placing, starting from that point, they all reckon it’s worth 8p, now as a starting point let’s see where we go.

As we increase metal production we will get more money coming in. We are told we are, and will continue to, increase. So that looks good, the projected ebitda will far surpass the current mkt cap. So starting from a today point of view, with machinery and staff working, comissioning over with, licences in place and higher grades to be processed, looks good for moving forward.

I think we need to see any Atlas overhang dealt with , unless someone pulls some stonking coconut production figures out in the near term, then we might see some rather positive movement. Hopefully, this is the floor. then can get over the hurt and look more to future prospects. Taking this as a starting point at not looking over the shoulder it has huge potential. We shall see, I will wait a little bit more before starting a new new beginning though.

I read that China is liking Gold more.......... I have seen before where there is a lot of interest in gold then all things gold start getting more buys, that includes prospects with more risk. Just an aged observation. My first ever profits on the market were from such sentiment, having followed Alan Bond on his golden ventures, many years since. Its not just about what we have, its what others think it might be worth.

GIT, spot on observation. Historical information or experience can often lead to considering risks differently. If an area has not flooded for some years or decades the reasonable assumption would be that it does not flood very often, if at all. I think some people bought house in Somerset believing that they dont get flooded, but unusual events (lets call it rainfall for arguments sake) and many many were flooded a few years back. local knowledge would have given them reasurance that they do not get flooded. Mind you so much rehashing of old criticism, by the constant disinterested, now that is what you get if you're trying to get 50 posts in for yet another a day of negative postings. Do people get paid for doing that?

GIT, it could be the hole is more than just a hole when it comes to what it facilitates. There is scheelite all over the place. i will be going on a site vist if they do one in the autumn. I have expectations of increased production and higher grade ores. It would make a nice contrast to todays debacle.

without rainfall you end up with the sahara, regardless of geology.

Fair does to all investors and expressing their disappointment, anger, upset or in my case sanguinity , it has not been a great Newsday for Wres.
However, GUG who has no interest in the company has banged out 23 posts since about 7 this morning. now that's disinterest in a comoany if ever i saw it. and so he winds todays cup. more post to come to i shouldn't be surprised, credit where credits due, that a lot of effort to express something that you feel.

dreaming, the atlas question was asked. The answer is that this was seen as the best way forward, with some explanation, part of which is that the Atlas would only be in £500K tranches.

Valid, seawolf. The plan and implementation clearly did not crossover in the right way. I dont know if doing the water thing prior to start up was a better option, perhaps getting some ore out was the decision based on not expecting the heavy rainfall at that time, so longer term project perhaps? it costs money to put in permanent solutions so the hope might have been to get cash coming in first. We would have had to been at the table to know the whyfores of that .

if I was, I would, but as I am not I cant. mind you Charles is Charles.

dreaming of, no real grilling questions in my view. I think they explained things as they are and as expected. i was going to ask about plant availability , but that was answered. within the presentation. I suppose the break even coming this year is good and no intention of further dilution. no sign of the many troll s though.

Drango, No, my other share is Methuselah Youth PLC.

Scorpio,
Your assumption that I only engage in this share is incorrect. However, it is the only one I have a long term interest in.

jaf , posting in double figures everyday? if the flooding hadnt happened its a different story. and the converse is true.

i think its 26 posts from tongy and gug since 7:00, and they dont like the company and are not interested in it. now thats production!

Clearly, not very good news today albeit, as L200 points out something was going to have to happen with regard to the financing over the near term. A selection of the evils has now taken place.
However, just a few questions to those non investors or those that profess to not wish to invest;
1) having spent considerable effort daily on posting , should you not be getting on with something else, are there not other interests in your life?
2) Why do you keep posting, what is you motove?
3)Are you taking pleasure in the bad news and the discomfort of investors, ( it seems to be the case)?