Member Info for Seawolf

RK, wish I had the balls to sell up when I’m so far underwater. Sorry to see you go but wish you all the very best in the future.

today is the weirdest I have ever seen, time travel seems to be occurring!!!!

As long as MM keeps allowing the issue of shares this SP is going nowhere, despite the alleged plant improvements and greater production. We will need to see the figures in April but I am resigned to the fact that 2021 will not see profit here. I am very much saddened for those warrant holders that need to see 0.6p plus to get a return, I can’t see it happening.

Where is all the money going MM? you will be held to account!

MM in a video dressed as a Sheila to hide his true identity! LOL

GIT, Break even is good but nobody knows what that is anymore!
I thought I did until it all got very cloudy/muddy.

What can be done to ensure that the mine hits the required targets?
Even if the operation runs 24/7 with minimum downtime for maint, can it achieve the required results?
What are the current problems and what will it cost to fix them?
Basically what is the solution to make this worthwhile and profitable to everyone?
MM all yours blue!

Not really, just balanced! The good, bad and ugly.....

I hope not BC, if that were the case you would never live to see it! Lol

OK gents, this is only my view but this project is way behind in terms of delivery, quantity of product and cost. There is no sight of WRES ever hitting the targets set out in the FID. now is the time to hold MM to account and nothing less than a full explanation with future (realistic) plan will be acceptable to investors. Based on what we have I think we have all been misled. It’s time to re-assess. Don’t get me wrong we have an impressive mine, albeit a little delayed, and with some infancy teething problems (not unusual) but it’s not all COVID related! I look forward to hearing something substantial fro MM, not the normal platitudes.

OMR, this is still pittyful the Q4 rom is less than Q1 which was during the ramp up phase, they have made little to no progress and need a proper plan going forward.

RNS content is in line with most people’s expectations, however it’s not enough as we all know. Lots of mitigation by MM to justify the situation, including further plant upgrades. Jig, spirals and extraction seems to be the current areas of concern, worrying and hidden up until this point. I would be happier to see an updated business plan to address all of our concerns.

Dreamy, as I said earlier, the later in the month it is, the more smoke an mirrors MM will use to justify the performance.

GUG, as it stands the gold project isn’t worth a penny. It will only have a value when it is extracted and sold, several years away!

Whatever the Q4 figures are it won't be enough, yes it may well an improvement and yes it will need to improve by an even more substantial amount.
I think it is time for MM to be honest and re-assess the business plan and share with everyone the future prospects. The original plan has gone wrong, i have no problem with that, but wish it hadn't! now we need to know the recovery and what he intends to do about it. 675 tonnes per quarter doesn't look achievable, not even with a 24/7 operation at both mines.

GIT, what’s your position on the gold prospect, looking forward?
Personally it is that far in the future I don’t think that I will see it through to fruition. The additional cost alone will put people off and I think many will jump ship if and when they reach profit point, trust has fallen away here, MM please note!

Kev, I think MM is dragging it out to include as much January info as possible to sweeten an otherwise uneventful set of figures, we will see! I will be the first to praise him and the team if it is spectacular.....

OMR, I’m sure he knows ;) the longer we wait the more I suspect that figures won’t be as good as we anticipated. MM knows there is a lot riding on Q4 and subsequently Q1. It’s make or break time.

Where’s our production update! MM your priorities are up S... creek!

OMR, I hope he isn’t thinking about wearing his magicians hat at the same time. I just want honest straightforward data, not his usual manipulation, surely he knows what they have produced. It’s just a shame it takes so long to put his ridiculous slant on it! The longer it takes the more suspicious I become, as additional output will be added (smoke and mirrors) to portray an over optimistic, salesman’s view.