Member Info for safetyman

It said on the right hand column that Japan’s orders for machine tooling was up
by 65%. I am taking this as a positive sign for tungsten demand.

Well done Franny!

GUG it occurs to me that if you get twice as much for something that you have half as much of it’s the same as having one of it to start. Or that the fact something is double the price to sell then the margin between costs to produce and revenue is actually greater than producing double. So that’s good imho. Speaking of tin there.

Bulent. All credit to you for keeping an eye on things. It’s nice to know you are now having happy times. Good effort, with watching what’s going on in a company you are not interested in, keep it up. Sorry that you feel people were getting at you or making you feel bad when you were in Wolfe. Mind you I think I recall you were quite aggressive to others here. Perhaps it something you said or wrote that had something to do with it.
Reminds me I should go back on bbs or other platforms and raise issues from previous years, but then I think ‘perhaps not’.
Moving forward in the spirit of goodwill, you may note that the SP is very low for Wres, some consider that a very good buying opportunity. Last month our CEO thought so and bought quite a lot.

Dreamingof, I truly have no idea for how long I have kept the tradition or how much down I am. I do know that I am down though.
However, I feel it important to take a positive view on things as there are a number of benefits; the law of attraction and positive thinking is a good thing. And also the psychological aspects of dwelling in the negative is not healthy in my opinion.
In my experience the path of life has been rather up hill, arduous and at times almost overwhelming, then again there are the great times of joy ( for me the best period was when my children were young, I really enjoyed their childhood).
My view is that this will come good, it’s not gone as I expected or anywhere near the time frame I thought. However, it seems in terms of a mining enterprise it is going through the expected phases and in a time frame that is more the usual case- and it seems delays are almost de rigeuer for mining. On aim and in mining things can turn on a sixpence, and should they do so for Wres I am in it to win it. I think you have a considerable sum invested here if I recall correctly and I truly hope you see a goodly profit , in this your good fortune is my good fortune. Have a good weekend, and who knows in times to come we will be celebrating. Keep the positive waves flowing.

Thanks for that GIT. Well that gets us off to a positive Friday. Tell you what I suppose I should say; I wouldn’t want to be out of these over the weekend.

Current tungsten and tin prices? If those are still increasing that would be good.
Also if Wres have figures showing increasing production that would be welcome.

Tuounguestan, I note you teferred to GIT’ s
‘Agenda’ . Made me think, I personally often wonder about the agenda of posters making lots of effort on a bb for a company that they don’t like. Especially, given on news that is not really news, cashing up the overhang was something that was to happen at some point.

Has been there from before. We knew clearing it would have to happen at done point. At least it does not have to be cleared again. There is a second tranche of 250 k overhanging, let’s hope they are cleared and there are no more.
Expected pain is still pain after all.

My reference is to Caspian Holdings, so before the name change. There were placings then which MM and others took. If you were to do workings out that would mean multiplying the cost of the placings by 100, any taken at that time and still held can be considered as not in profit at this time ( MM had a few of those together with start up) .
And so we wait for better days as Wres with a producing mine in Spain, tis a far far better jurisdiction than we had before( Kazakhstan).

It was once 32p, cos I sold some then.

As I understand things. Mr Masterman (MM) started off at Fortesque, there some big ups and downs eventually resulting in a big up and he played a part in that. Fortesque grew considerably until it became quite large.
So MM then went to do other things like Po Valley and Wres. We too have had some major downs, hopefully with his experience he will know how to steer us into a big up. In the meantime it makes good sense for Fortesque to make use of the services of someone that has helped them previously with successful growth.
My view is that it is required now at Wres is to get people that know about production running the show effectively; I think we are doing that now e.g.mining chap from Portugal and Pablo and team.
If anything looks like a vote in confidence for MM from Fortesque to me.

New technologies for electrification are finding that tungsten’s physical properties and high melting point make it very useful. So lots of applications, I read one article last year on it being used in a new generation of solar panels. I don’t think selling it has been the problem, but producing it had been so far- hopefully that is changing by a lot.

Stumpy, redress from suppliers is notoriously difficult in most cases. If things were written into the contract then that would be subject to commercial confidentiality. If it had to go to court it can go on for years.
It may be that we will find out on due course. However, I think I recall ( not certain) MM saying part of the kit was not fit for purpose, which if the case would imply a challenge to the provider- but that sounds like going to court. No doubt we will find out at some point.

Glad that people are glad that they are in this over the Easter weekend.

Yep, have a goodun all.

Rod rod, a corporate client that has a contractual agreement or some financial mechanism to resolve the overhang might. Last time we had to go up this road the CLN got paid off if I recall. Not really a finance person so just theorising. Alternatively if the overhang is cleared, perhaps as a result of production it may generate interest. The key to all the doors is production in my view.

Mullins if we have crackerjack production levels then reports are likely to be sooner. If it’s a long time then perhaps not so good.
Mind you there is the Easter break. All in my opinion.

The consolidation makes sense and is a good thing going forward.
Now if we add increasing production that’s good.
If prices also increase that will also be good.
Some might wish to say I am wrong on this.

GUG Thanks for your efforts on explaining your view on my wondering. Just one thing you never actually answered, why make all the effort on posting on the bb. Well credit to you for the effort, it’s a fair amount you put in really for something you don’t appear to like. Not something I would do, but it really does make me wonder as I have never had that sort of motivation.