Member Info for YugoBoss

2,200,000 divided by 125 = 17,600 Shares once consolidated.
17,600 x 0.125 = £2,200.00 ( if they hold that price for long after the consolidation)
Maybe wrong, but thats my assumption.

Their only concern is there salaries, gravy train!!!!
For years they have drained everyone of their hard earned funds, my £2,500 now worth £11.50, I would sooner loose that and shut them down, then allow them to continue laughing and talking there huge salaries!!
Its a joke, bottomless pit!!

Rinse & repeat yet once again.

Thats Sunny Scunny Bob

They will probably supply a production update as part of the quarterly update which going back through last years RNS's, should be early part of February.

Yes that is very true, and i will keep re-posting the same message to stop people from loosing their hard earned money!
The only repetition is the same old spiel as noted in the RNS's.
I have been invested here for years, like many others who were told back in 2016 that "It Bloody Works" and that the we are "In Discussions".
Its all just hot air, keep you dangling on a string of hope.
Go back through the RNS's and see for yourself how long they have been trying to show true figures of efficacy.
That will keep you busy for weeks, hopefully save you from loosing your money here.
This is just a cancer charity fund, so be nice and give a huge generous amount like all us LTH's have already done :)

If you saw someone on a street corner with a charity bucket for cancer research, would you put in £10, £100, £500, £1,000 or even £5,000??
Some would probably put in £10, as all Cancer research companies are in desperate need of funding and walk away feeling happy that they made a contribution and knowingly accept that they are not going to get anything back.
That is how you need to compare that comparison with this company. You buy shares on the basis that you are never going to get anything back and you have given your money away as a donation to a cancer research company.
Those at the top lead very luxurious lives on a huge salary who are basically the ones on the street corners with the collection buckets to take your hard earned cash from you.
The company has been in the so called "discussions" and "letter of intent" for years, don't be fooled, its just to get you to keep putting more of your money into the bucket.
Numerous people on here keep saying maybe a deal this week, next week, next month, but reality is to look at the chart, read the constant RNS "we are in discussion" or "It Bloody Works" and then give this share the widest berth you can.
Years and years of constant dilution, raising funds, consolidation, the history speaks for itself it is there in Black & White and cant be argued. Save your money, invest elsewhere.

You should treat this share as a charity research bucket on a street corner.
Place money in with NO intention of ever getting anything back.
Look back over all the years in the month of December, always an RNS to create a rise, then another placing for the good old Christmas Bonus.
Look at the charts, downhill all the way, save your hard earned money and invest in another company, definitely not this one, or just be generous and make a donation to the Christmas Bonus club, :)

Surely there is someone knowledgeable on the weight of Tungsten Concentrate????

Can someone please tell me the weight per cubic meter of the material we are producing ( Is it 19.25T/m3) , as like it has been said from a previous message, if that is Tungsten Concentrate coming out at that rate, it is not going to take long to accumulate a large amount on a daily basis. 200T per month equates to roughly 6.7T per day, so roughly a third of a cubic meter if my assumptions are correct on the basis of the weight assumed per day. The way it showed in that video, that will be achieved very easily. :)

I think we should go back to talking about gardening, allotments and those nuns :) The share prize rose when they were part of the discussion.
At least that way there will be no disputing posts made and hopefully the trolls will p..s off.

Worth a read, great for PR
https://www.weare121.com/121mininginvestment-london/client/w-resources/

If you saw someone on a street corner with a charity bucket for cancer research, would you put in £10, £100, £500, £1,000 or even £5,000??
Some would probably put in £10, as all Cancer research companies are in desperate need of funding and walk away feeling happy that they made a contribution and knowingly accept that they are not going to get anything back.
That is how you need to compare that comparison with this company. You buy shares on the basis that you are never going to get anything back and you have given your money away as a donation to a cancer research company.
Those at the top lead very luxurious lives on a huge salary who are basically the ones on the street corners with the collection buckets to take your hard earned cash from you.
The company has been in the so called "discussions" and "letter of intent" for years, don't be fooled, its just to get you to keep putting more of your money into the bucket.
Numerous people on here keep saying maybe a deal this week, next week, next month, but reality is to look at the chart, read the constant RNS "we are in discussion" or "It Bloody Works" and then give this share the widest berth you can.
Years and years of constant dilution, raising funds, consolidation, the history speaks for itself it is there in Black & White and cant be argued. Save your money, invest elsewhere.

And it also appears it was known months ago, wow, lost for words. I am surprised that Lesotho Electricity Company (LEC) chose to use them on the basis of the current situation. Maybe totally wrong, but this is not what the company needs right now.
https://www.washingtonpost.com/business/energy/why-eskoms-power-crisis-is-south-africas-top-risk/2019/07/31/7a146cb4-b366-11e9-acc8-1d847bacca73_story.html

Doesn't appear as though the supplier Eskom was the best choice option??
https://www.bloomberg.com/news/articles/2019-10-03/south-africa-wants-coal-price-cuts-to-avert-economic-collapse

"Previously the Company has issued ordinary shares to pay quarterly interest amounts due. However, due to consequences of the UK takeover Code, in the absence of shareholder approval to permit the Bondholders to receive ordinary shares thereby increasing their shareholding to above 30% without triggering a mandatory offer to minorities, the Company would be unable to issue further ordinary shares at the next interest due date, being 30 September 2019.



The Company has undertaken to work collaboratively with the Bondholders and other stakeholders including minority shareholders to agree a means through which the Company can continue to fulfil its obligations to service interest on the Eurobonds and satisfy the requirements of all its lenders.



Paul Bosma, Chief Executive Officer, commented:



"We are grateful for the strong support we have received from ABSA, the ECIC and our Bondholders in what is a tough period for the smaller stone segment of the diamond market. Operations continue to perform well, and we aim to ensure that we remain in a strong position to benefit from an improvement in the pricing environment in the future."

In simple terms, what does the latest RNS imply??
All responses appreciated.

"Firestone is pleased to announce that, with the support of its Bondholders, Pacific Road Resources Fund II L.P., Pacific Road Resources Fund II and Resource Capital Fund VI L.P. ("Bondholders"), its 75% owned subsidiary Liqhobong Mining Development Company (Pty) Ltd ("Liqhobong"), has received a waiver from ABSA Bank Limited ("ABSA") for certain of its covenants measured as at 30 June 2019 in terms of the US$82.4 million Senior Secured Term Facility Agreement. The waiver is supported by the Export Credit Insurance Corporation of South Africa ("ECIC"), which has provided commercial and political risk insurance to ABSA. The next measurement date will be 30 June 2020.
Background
Mining operations at the Liqhobong Mine have performed well, as detailed in the quarterly operational updates reported for the first nine months of the current financial year. Tonnes mined and treated were in line with the Company's plans and operating costs remained below budget.
However, despite the recovery of several higher value diamonds at the Liqhobong Mine during the 2019 financial year, and an average value realised for the third quarter of US$80 per carat, the average value realised for the three quarters ended 31 March 2019 remained below expectation at US$74 per carat. The lower average value was impacted mainly by lower prices realised for the smaller, lower value goods, which has also affected many other diamond mining companies and the wider diamond industry.
Certain of the ABSA covenants are forward looking and require forecast assumptions to be made. In light of the current pricing climate, lower average dollar-per-carat values have been employed by Firestone in these covenant calculations, which has adversely affected the covenant measurement and given rise to the need for waivers in respect of two of the six covenants.
Despite these factors, the mine continued to generate positive cash flows after finance costs and the Group continues to be in a strong liquidity position with a cash balance of US$26.2 million as at 30 June 2019. The cash balance is stated after the first capital repayment to ABSA of US$1.9 million, following an 18 month capital grace period which came to an end on 30 June 2019.
Waiver condition
As a condition to ABSA's covenant waiver, the Company has obtained an undertaking from the Bondholders to waive the requirement for the Company to pay quarterly interest in cash or in shares on the Series A Eurobonds for the 12 month period from 1 July 2019 to 30 June 2020, subject to an agreement on alternative arrangements being reached with the Bondholders.

Richardkaz,
The RNS is clear with its statement. The construction / build of the Concentrator will be completed in June, then the commissioning will be completed in July. I think thats reasonable.
"Development at La Parrilla is progressing well and project construction completion remains in line with guidance for completion of the Concentrator Plant in June. With some smaller modular plant such as the MCC being delivered and installed in early July, commissioning of the Concentrator Plant also remains on plan for July."

Totally agree with you copland.
I don't understand how such a small volume of trade can drop the share price by nearly 15%.
Then on days when there is double that in volume of buys, it only goes up 2-3%, its ridiculous.
There is no honesty these days, its about time the BOD started to provide some positive updates on a regular basis and turn this company around.
I seriously thought when they did the share open offer at 10p, this would never of dropped below that price, and things would start to improve.
It appears to me we are keeping everyone else happy at the top, with no loyalty to the long term small investors like myself.
On the run up to getting into production, we were at 56p a share, now look at ourselves, absolutely pathetic. We must be running at a loss every month, as I can never make any sense of the financial reports as they are written in such a way that you have to be a professional accountant to understand them.

W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to confirm that commissioning of the Jig and Mill Plant has commenced at La Parrilla in Spain.

The Jig and Mill Plant will upgrade the La Parrilla ore, efficiently reject barren material, and prepare material for feed to the Concentrator Plant. W will feed 100% of the output of the Jig and Mill Plant once fully commissioned to the existing Concentrator Plant with upgraded and milled mine feed allowing a significant upgrade in production rates.

In parallel, the new large scale Concentrator Plant has advanced over the last three weeks with 90% of all structural steel and primary equipment now on-site and being installed (link to time lapse video - https://youtu.be/tAFIXGMv9Lg). The large Concentrator Plant is scheduled for construction completion this quarter.

The mine is primed for scale-up with preparatory grade control drilling completed and the ramp from the Fast Track Mine ("FTM") area to the Crusher Plant also completed. The first hard rock blasting of the 10m benches in the FTM area is also scheduled for this month. The mining contract will be executed this month and the mining fleet mobilisation is underway following the arrival of a Komatsu HD605 rigid truck.

Michael Masterman, Chairman of W Resources, commented: "The commencement of commissioning the La Parrilla Jig and Mill Plant following construction completion is a very important milestone as we advance to full completion of the 2 million tonne per annum plant. We expect to be able to feed crushed ore to the Jig and Mill Plant in late April and then process it through our existing Concentrator Plant. This will allow a significant increase in near term tungsten and tin production capacity and also allows us to ensure smooth autonomous operation of the Jig and Mill Plant ahead of commissioning of the new large scale Concentrator Plant later this quarter.

"The Concentrator Plant construction has accelerated rapidly following delivery of the bulk of the structural steel and is scheduled for mechanical completion this quarter. The contractor, allmineral Aufbereitungstechnik GmbH & Co. KG ("allmineral") of Germany, is on a fixed price fixed schedule contract and whilst there has been a delay in the delivery of steel which has had a negative impact on the schedule of the Jig and Mill and Concentrator Plants, there is no adverse impact on budget as the cost of the plants are fixed. Overall the project continues to track below budget including contingency."