Member Info for safetyman

Dunk, answers to your questions;
1: The millions from the Spanish is to be paid in H2.
2: The reason we cannot get any money back or as you put it make sure the Germans are ‘brought to book’ for the faulty equipment in the jig and mill is because it was provided by the French.
3: investors do not necessarily ‘believe’ in MM, however, they may be of an opinion that things will improve. Getting things done in Portugal I would think is particularly problematic, getting the licence for the further drilling can be a fair old process. Spanish processes are Byzantine and lengthy, but they take the view that Portuguese processes are far more tricky and complex. Add on the focus at La Parilla, and yes it’s taking a fair old time.
So as for it being a long time coming, indeed.
4; regarding MM himself, he is pretty forthcoming, there are limits to what he is allowed to say publicly.
At the moment we are seeing increasing production in tin and tungsten together with prices.
There may also be the option of a JV on the gold. Personally, if the licence gets approved and we get JV that’s rather good for the Sao Martinho gold prospects. If the deposit proves up to higher levels that will provide very positive support for the SP imho.

OMR, there’s the gold indeed, as yet to be a thing. What we have is a deposit that is believed to bigger than already measured at over 100,000 ounces.
We are to do further drilling, to do that it’s getting licensing which is in process. MM has alluded to a joint venture which should mean we can get at for no capital investment. If we show 500,000 ounces and get a joint venture it would be happy days in my opinion. I think one of the RNS said H2 for that, but this Corona thing might affect that. In the meantime its tungsten and tin. Mind you it’s funny old world, and there might be a king old sniffer out there. Gold news can change a SP rapidly and news can be unexpected. I would love big ol RNS on gold tomorrow. Gloden I would be. Think of the buckets of gunnets.

Lol gold ( glod)

I am no longer referring to disappointment etc.
I am allowing myself sanguine at the moment. I will be topping up with some optimistic thoughts of a decent RNS. We are surely due.
There’ a alway thoughts of me golf at Sao Martinho.
In fact I wouldn’t want to be out of these over the weekend.

A poster on here , Island Girl, which was the name of his Kreel boat. This is not a good time for those involved in that industry at this time, Boris’s deal for the fisherman with its easy free trade is a disaster and there is Covid too. So whilst we moan about the share price there are those whose livelihood is suffering badly. Then there are those I’ll, dead or dying.
If you’re moaning on here, be happy because that is small beer to many.
Just saying, and stay well.

When tin has moved from $15000 a ton to $23,000 a ton thats $8,000 per ton more.
For 10 tons that’s $80,000 more. For 15 tons that’s $120,000 more.

On Bloomberg. Tin is more higherer than that.
It’s rise is inexorably strong.

Bigfaz, fully understand your frustration. As ever with these things it is about doing what you think best. It’s been through done hard times this SP and personally I am down several shed loads. To be fair done of the doom sayers have proved correct. Strangely though it is as Troajan points out and they tend to turn up
In packs and then leave off- so perhaps there is some kind of buying low and selling on rise thing going on? That would certainly explain the motives of seemingly non invested or previously invested ( so we are told ) turning up and slating. There are a few I believe who are genuine and heartedly disappointed so far. However, the shares are at their bottomish and there increasing production, increasing metal prices, vaccines, and we have our gold play for H2 ( so MM said in one if the RNSs) and the grant money coming to pay done of the debt. So things could well look up imho. The trolling reduced Friday afternoon as Troajan said, so that may be a sign of something.

Hi Richardkaz, I see you have returned, hope you’re well. I note that you mention the gold, now there’s a subject I like.
I agree it has been a while since we heard of the gold and the geology and such. As you know I have always felt there was potential in the gold at Sao martinho/ personally I would love to get a positive gold RNS on that. However, in the short term there is considerable levels of Covid-19 in Portugal, so progress there would be more hampered than usual imho!
Mind you, I can be referred to going back a long way with my view that ‘there is gold in tha hills’.
So I am still holding.

I note that you wouldn’t want to be out of these over the weekend. Couldn’t have said it better myself. Lol.
Anyway, looking very cheap at the moment imho..... might dig down the back of the sofa at the weekend.
Seeing the return of some names from the past on here. Even those that, because they do not like the company, either never have invested here or have not been invested for some considerable time, but yet still find the time to come on here. Fantastic, yet strange, effort in my opinion. Being an old person, I don’t post on companies I have no investment in, so I do have a problem understanding motives.
In fact sometimes I don’t post on companies I do invest in.
Funny old world.

Given the issuing of shares and the notes a drop in SP is a given, so I can’t see why anyone is surprised. It’s certainly not good for share holders. At the moment.
However, we are in operation, production is increasing as has the price of the metals. The RNS referring to money from the notes for funding to get Regua going was bad because of the dilution it creates, but then again bringing in Regua with high grade or should yield greater benefit making that use of money worthwhile.
I am not happy with the SP at this level, but as pointed out we are in business and increasingly producing a saleable product.
As golfpro stated, a webinar would be useful, and if there is some biggish good news we will get one. As we are at the moment I can’t see one being held, unless there is a positive narrative that we don’t know about.
In the meantime, it’s batton down the hatches for me. This will pass.

You raise an interesting pint on the gold. If the Wres gold mine and drilling etc was happening far away instead of Portugal we see a rise in the SP. funny old world.

Blimey troajan: your saying tin has crashed to 10% of its price from yesterday.......... foooor king hill.

Our on-site director and manager Pablo will be extremely motivated to get La Parilla and Wres making a profit. All in my opinion, of course.

Indeedly tin is up. We have had a verily goodly price rise price in tin over this year and tungsten is started to move up too. We are now upping production too. So o this as MM’s plan all along. It’s all so clear to
me now!

The capacitor as a storage cell for energy is particularly good for short bursts. There was a possible application considered whereby a combination could be very e.g high torque in short burst at initial movement from a capacitor battery with lithium battery taking over for the steady state once up to speed- this making the absolute best of the two types of storage. Mind you the capacitor batteries you mention are getting very efficient and can be applied for longer discharge over tomes. As I understand it the diaelectric ones you mentioned were getting near to the weight/energy ratios of the best lithiums. Looks very promising, in my opinion even if capacitor batteries do not overtake the lithium batteries there will still be applications where the capacitor battery is best- it is more efficient in short high energy bursts, so acceleration or overcoming inertia- be that a vehicle or an artificial limb.
No doubt the tooling will require tungsten as will efficient contacts that are hard wearing, the tin would also have many applications.

Once hydrogen production is scaled up it becomes more economic. Once you have produced it, say by using energy from windmills during the night -it does not suffer from losses if stored etc. It used to be the gas we used on our homes when I was a child ) town gas) so could just be piped in existing distribution to homes for heating etc instead of natural gas. A kilogram of hudrogen has a lot more energy than a kilo of petrol, so you would not need large volume storage capacity as you do for batteries.
The Japanese and s.Koreans are building infrastructure for it. Companies in the U.K. are looking to buy up sites as a distribution framework.
If the money works, it will happen. I think that’s the case once they scale up.
I think the lithium battery road is a dead end, you can tweak batteries but I can’t see any huge step improvements coming.
Mind you although heavier the salt ion batteries might have a number of solutions with less pollution issues.
We shall see. In the meantime all these machines will need cut and ground metals and there are improved technilogy solar panels that require tungsten which is found to be better than gold as is used in existing panels.

Mr Sipp. No one really knows how this, or indeed anything else, will go. Personally, I thought these have been a good price all along. Turns out I was wrong so far. I am if a mind to think we are materially demonstrable with an up and running plant, increasing production and also prices. We have the grant payment confirmed.
The fly in the ointment now is the debt and associated payments. However, increasing production brings economies of scale and increases in proportion of revenue over costs. The extra money helps with the debt issue, it should also put us in a position to refinance loans to a less punitive level, that alone could realise $5 million a year. If we get to a position of doubling current production and refinanced we would be in a very good position, that would lead us to a position where we could be debt free, then it’s a case of whoooohoo.
Each improvement encourages another, so we could end up getting lots of quality ore from Regua, a joint venture on the Gold at Sao Martinho. It really is a great deal of potential, how much gets realised is of course yer to be seen, albeit we seem to be on the path.
However, it could all go tweets up and the other extreme end.
Me, I am looking at a positive role out with improvements over twelve to twenty four months seeing us near my preferred outcome.
Each to their own.

GUG, I think they do weigh it and such. I also think it’s usual for companies to publish on numbers quarterly. I think in fairness we are now doing what mining complained do in terms of giving out regular info on production, vis a vis; quarterly numbers. They didn’t used to do that and that did lead to consternation at that time.

Good. Should be......food.