Member Info for safetyman

The single biggest threat to Wres, well in so far as I perceive things is : the risk of the coronavirus mutating to a highly vaccine resistant form as a result of giving millions only half of the vaccine and not following on with the designed and tested protocol that gives 95% efficacy. I think it’s a right old gamble to stretch out that first dose. If it causes a resistant variant, it wouldn’t really matter what the thing is your producing, unless it’s good. We could all end reverting to cannabilism. Now there’s the big risk.

Also GUG, I have never relied on aspects of reality, it is just a construct to explain a perception of existence. It’s a much argued thing is the old ‘reality’. For something it is merely a rational truth rather than an objective truth, and even those can be up for debate. There’s no end to that path.

Meant to say GUG. Apologies to GUG.

I just love it that you have a spreadsheet on what’s said on BB. Absolutely crackerjack, it’s really made me chuckle all afternoon., thanks.
Incidentally, not on you spreadsheet, I did put in a later estimate of 1 ton a few stone, and ponded with an odd ounce, but it wasn’t allowed on for not being metric. Had it been on there one would have gone down as me underxestimatimatimg. Such is the life of an imperial estimator.
Oh oh oh oh , I am still chuckling. Oh and I am several sheds down on my investment here. However, who can predict the future really, solely in the hand of God, fate or the whatever in my view.

The quarter is young. We may have yet more positive news, I think someone got eleventy million shares the this afternoon. Recently we have had confirmation of the grant payment, increasing production. I know there are them that like to read between the lines, so I though I would give it a go: the RNS refers utilisation now at over 90%, that’s an increase on the time that we use the plant in ratio to it being available, also it also says we are moving to operating more days which is an increase I availibilty. Trust me that is important, an increased utilisation is one good thing, being to apply that to availability is most excellent. Also grades of ore etc are improving, separators are improving, processing and reliability is improving. Sale prices are increasing. So that is all rather good.
And we have dry humour too....not being interested at all and then keeping a spreadsheet.... excellent sense of humour.
Everybody is getting happier.
And the RNS was clear, not laced with the ambiguity of some of its predecessors.
I look forward to more RNSs this quarter and I reckon we might see Mr MM on video if we keep on improving.
Well done to those buying in now, hats off to your timing. A imho.

Brings improvement. As one thing increases production, improves quality, reliability or timeliness then so other parts of a system benefit. This can be as simple as a machine working well causing the moral of workers to improve and adding motivation to more complex things such as initial processing allowing separators to function more easily crating less wear and greater reliability. Then there are less direct benefits that can arise from increased revenue. Improvement is a wholly good thing.
I’m fact some of the Covid 10 vaccine is made from butterfly’s bits and bobs, now if they were to flap their wings......... let alone seagulls gathering around the trawler.

Is a very good thing imho.

I am going for Monday morning at 27 minutes, 25 seconds past 11.
Really don’t want to see a Friday. Not keen on Friday announcements of anything. Got married on a Friday. Lesson learnt.

I understand tin, has an increasing demand now due to its uses in electrification compared with 2015. Increasing tungsten price too, would be a good thing. Increase in production is rather good too. So lots of potential there, we need demonstrable increased production to rubber stamp a wholly positive outloook. Then if we could add some good gold news that would be just dandy imho.

Wilbur.... I too, feel the same pain.

And Tin continues in nicely upping direction.
Very much an increasingly go to material in the world of electrification, batteries, etc. It is ultimately a finite thing too, we are totally reliant on quantity made by the exploding star that must have made it a few years back before we coalesced into being the earth.

OMR, I would expect nothing less than a violent outburst with your immune system rejecting anything not compatible with your delicate biome. You are clearly a man of many complexities. Stay well ( in your case, so far as is reasonably practicable).

Big boys lock down, la Parilla was able to carry on with production after putting in place control measures such as social distancing etc. So if Spain do go for the same harsh lock down, I would think we can carry on.
Mind you Tis a bad thing this Covid, at my place of work, a colleague in another team has died and in my team a second work colleague has now lost a mother too it and the father is in the ICU.
Vitamin d, is good. And even if you have mild symptoms when your body kicks out the dead RNA in its trillions into your blood the reaction from that can cause coagulation and that can make you very ill indeed, clogged capillaries can damage many organs- so for me it’s lots of antioxidants ( high dose bit c) and magnesium etc. Each to their own and I have no medical training. But I suggest dr been, medcram and dr John Campbell on utube. Stay safe as you can everyone.

First, I was getting worried about the grant, I am pleased to hear it is coming through- I was thinking I bet the Spanish have a few financial problems they didn’t expect.
Also, I thought and think we get 80% of the APT price for our concentrate. The SHARD report says that they modelled things on the la Parilla WO3 at 80% of APT price. The FID said they expected laprilla product to price at 80% of the APT price. I understand understand we get 80% of price as part of the offtake. Our concentrate has always been stated at 66% purity, the world ands his wife knows that to be la Parilla ‘product’. So for me we get 80%. However, I also spotted the missing money as described by L200, however, however, accounting can be a funny thing and what was produced, shipped, money for are not always the same thing. I suppose once we have final figures we can get a better view.
With regard to the loans, the Blackrock one is punitive, no doubt. However, increasing production and increasing prices increases EBITDA ( economies of a scale and improving margins are a good thing imho) which should put us on position to refinance the loan at a lower rate, which would be a very good thing. Producing more is good no doubt.
The Regua thing was always to be an add on, and there have been delays and a fair bit of changes on the how of it too. However, shipping partially processed high grade ore should be a considerable help in quantity produced. The economies of scale on lager production offers improvements that are more exponential than linear. We really do need production improvements and we are told that is happening. A goodly increase in tungsten price is also good.

Spain is going to have a big boys lock down.

Lots of talk of PPE on the telly and elsewhere. Surgical face masks are not PPE. They do offer a higher level of protection than face coverings ( cloth masks/ scarves). All face coverings will reduce the inoculum, the result of a reduced viral load appears to offer better outcomes when infection occurs. English cruise ship in Japan, no face coverings resulted in 80% sypmtomatic of those infected and 20% asymptomatic; the Argentinian cruise ship docked there had mask wearers and result was 80% asymptomatic and 20% symptomatic. So wearing masks is good, it always reduces the aerosol into the air when exhaling. PPE standard requires the face masks to be FFP3, needless to say our healthcare workers for the most part do not get these, they would of course reduce the viral inflation to almost zero. But then again I am just a simple guy, so any idea that I might have about this, is of course of no consequence. As is the ideas of many experts on the single issue of PPE since Jan last year. Let’s not get to the other issues.
Anyway shame to see the SP reduce.

Speaking of dwarves if we could get the seven of them digging away we could get the gold dug up too.

Andy, I have been here since before the birth of the first men that walked the earth. It has always been the intention to get Regua going once the plant was running at la Parilla. And that includes talkin to MM some time ago. Always on the cards, but waiting for the processing capability.

As I understand things , at Regua wd use ‘jumbos’ to horizontal dig in to adits. The ore that comes out is of a jolly high level. The transport and crushing is all contracted out, the crushers previously used in projects by the Portuguese, now to be used by us. We pay for that and it’s shipping by the ton. The spoil is used to reinstate a rather large hole that was made by the previous users of the crushers. So we end paying for partially processed stuff by the ton. We would need money for our use of the jumbos running and probably most importantly the licence agreements and such.
On a process cost as I recall there is a nicely. Profit margin as it works out after the getting it out at Regua, part process at the big hole place and then shipping to la Parilla, where it goes in as a start at a high level of concentrate.
Given we have not had a big wedge of cash from start up at la Parilla, we have needed to get some to get the Regua add on going. And a well worthwhile add on it is. The source of the money through this process is disappointing, but it’s better than not doing it. Long may our metal price rise snd our production increase all imho.

Tonlin, 3p would be a very nice thing indeed.