Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
It's Gone.
I want to stay in. Chinese could buy this Company.
Astonboy.
Are you able to share on this discussion board, what questions you asked in your emails?
If you're selling something in a currency that's appreciated against other currencies, then pro-rata it's worth more.
Everyone has heard about the strong US Dollar. Tungsten APT price is quoted in dollars. It's price has fallen a few % since start of the year. But the price in EURO's may actually have increased since start of the year, the local currency of Spain and Portugal where costs are incurred. $/EURO exchange rate has increased by 16.7% since start of the year and more than compensates for the fall in $ APT price?
DYOR.
Just appeared on website. Accounts don't now have to be filed until 31st. December 2022. Life in the old dog yet.
EU looking to pass the above Act according to Ursula Von Der Leyen's speech last week. Tungsten will probably be on the list of critical minerals which EU would like to source domestically. Good news for WRES being a Spain/Portugal future supplier of Tungsten.
You don't get a mid point share price of 2.58 pence with the range quoted. How has this range been obtained?
Perhaps there's a 2 months' grace/notice period to work with the Director/inform Companies House. Who knows?
Thanks for the correction. I must have been out in sun for too long/ or need to go to the Opticians. You would have thought there would have been an RNS for that?
Noticed changes have been made to W Resources website very recently. The Homepage has been scaled right back and all the out of date information has been removed. I have noticed other changes as well. Perhaps something afoot. Notification at Companies House says Director was terminated on 5th. July. Use link that was put forward on 26th. June to get to this information.
DYOR.
On Bloomberg Today: 'Spain approves 'cap' in Europe's boldest effort to tame Gas prices.'
Please note my 'handle' is savvysage and not savvysausage as someone typed yesterday. Perhaps a trip to 'Specsavers' is required!
Thanks.
IE
Do you think that from your La Parrilla visits/acquaintances and contacts we will be sold soon? Would this be made easier if we are a private company with a simple majority of acceptances (>50%) compared to being on AIM where the acceptances would have to be alot higher? (Does anyone know the figure?)
Also what is you take on the current Spanish Industrial electricity/gas pricing compared to previously, which WRES claims is the root cause of our predicament?
Thanks.
Tungsten West's Hemerdon Mine development was halted when power prices hit 28 pence kwh i.e. £280 Mwh. Spanish and Portuguese power has been capped at EURO50 Mwh. i.e. £42 Mwh. This is a very significant difference. Perhaps someone can email Paul Hailes and ask him if it is as good as it seems on the surface.
S H A R E P R O P H E T S has issued some commentary 2 hours ago under the title ' Did Nomad and Broker resign or were they 'resigned'? I can't get full story as you have to be a Premium Subscriber to get it. Can anyone get the story and copy it onto this chat board?
Thanks and much appreciated.
Due to inflationary costs ( steel, cement, explosives etc.) in finishing the mine. In a perverse sort of way this should help WRES as our mine needs just incremental extra capital outlay, and our mine was built at a lower relative cost in the past.
If you refer to the Investors' section of the 'Shareholders Information' section of the WRES website it says on 11th January 2022 that CRUX held 6 766 666 shares (4.6%). This came down from 5.09% due to the increase in shares in issue due to the January 5th share placement. The number of shares CRUX had stayed the same at 6 766 666. This is also the number which they have at 31st. January as stated in today's RNS. The only question is, why has this 'paperwork anomaly' been conveyed to the market today?
DYOR.
The best quarter for the mine was Q3 2021 when 279 000 tonnes of ore were processed.
The T2 Target for the mine is 2 000 000 tonnes of feed per annum (ROM) or 500 000 tonnes per quarter, roughly twice of what we got in Q3.
From the Q3 WRES production report, the grade of the Tungsten Ore processed is about 1 000 ppm (parts per million) or 0.1%. i.e. it takes 1 000 tonnes of ore to produce 1 tonne of WO3.
Now the mining pit has been drained and dried out, and WRES is moving to extract medium and high grade ore, let us assume 2 000 ppm or 0.2% Tungsten Ore, double the previous grade. So now 1 000 tonnes of ore produce 2 tonnes of WO3,
or put it another way, 1 tonne of WO3 is now produced by 500 tonnes of ore which HALF of the previous throughput.
This means only 50% of the ore is now going through the plant, so the throughput can be doubled to bring the plant back up to capacity, i.e. 500 000 tonnes of ore per quarter.(i.e. full 2 000 000 ROM per annum.)
This is how Mr. Masterman keeps forecasting that we will hit T2 ROM.
Can any Mining Engineers tell me what the relationship is between grade ore feed concentration increase, verses plant throughput is, as the various elements of the plant have to do less work on the ore, at the new higher grade concentration, compared to the old lower ore grade concentration.
DYOR.
On bloomberg.com today:
'Dry Winter drains reservoirs, ruins crops in Spain, Portugal.'
Perhaps we've had a good start to the year?
W RES have updated the 'shareholdings' table on the 'Investments' section of the website. CRUX increased their shareholding from 5 600 000 shares to 6 766 666 shares in the recent placing, and maintaining their overall stake at 4.6%.
Another vote of confidence.