Member Info for YugoBoss

That's more like it, someone with some bloody common sense, great summary Cornish.

So at the moment I have 2 guesstimates and no disrespect to anyone but theres a huge difference if I have read things correctly.
Cornish say 36m for the year.
DJ - 46-50m for the year.
I appreciate we can not work on past 12-18 month figures as RMM were not putting 1350tpd through the plant, but we are 10 to 14m adrift here.
I am also aware Cornish used lower price figures for the copper sales so realistically there is a bigger gap in these figures.

Morning All,
Would someone be so kind to point me in the right direction to show me what the actual monthly running costs are that have been stated by the company. I would like to know the true actual stated figures whether this is an amount of money or x amount of tons of copper at x amount per ton saleable.
I don't want guesstimate, people's assumptions, I would like to know the true facts stated via RNS by the company.
I am struggling to find this information, thanks in advance.

Taken from the RNS.
Health and Safety
During the period there were six accidents and three minor injuries. Additional training has been provided to all of the staff involved.
Juan Garcia Valledor, Head of Environmental, Health & Safety at the La Parrilla mine departed the Company in January 2022.
Another Management position left the building.

Who the bloody hell set the moron alarm clock!

Translator,
Point me in the right direction where it clearly states in the RNS that they had to raise more money due to the other funds being spent. Just because they raised funds does not categorically mean they have spent the remaining, that is assuming and miss leading investors.
If you do not know the true facts, then you are unable to answer that as you clearly do not know, you are just guessing.
I have seen companies raise funds even though they categorically stated they still had 2 million in the bank, so you like myself do not know and are just guessing.
If you can not see that this revenue from wressle is a huge benefit to EDR, or their greatest benefit then you simply must be trying to short this share.
End of discussion, thank you for your response to date.

Translator,
Cash in the bank at the end of April 2021 = 2.422million, 1.4million recently raised, where is this 3.8million in your equations?
Just trying to understand this all thoroughly that's all, to now state another fund raise will be required with the funds they should still have a majority of, plus good income now coming in from wressle does still not appear correct to me, also the price of oil is continuing to rise.
Maybe totally wrong, been invested here for numerous years and the SP has only ever gone one way, I thought wressle would be the change of direction it needed.

Translator,
As previously stated by other members, edr are now receiving income from 242bopd so removing processing costs, let's say £42 barrel paid, that's still £10,164/day, or 3.7million a year, and as stated by Dd1, then there's the 1.4million just recently raised, so I don't agree with your calculations. Guidance figures are irrelevant now, actual figures as stated in the RNS should now be calculated, unless they are no longer producing 92bopd from other assets?
I will still maintain these are hugely undervalued when they are now receiving over £10,000/ day from wressle alone.

Totally agree, today's rns basically states that Edgon are going to get approx 2.5million a year going forward from today based on 500bopd, at current oil prices and we go up 1.89%, absolutely a joke!!!
The MM's have consistently dropped the SP month after month, year on year, ridiculous.

500bopd current price at 66 usd a barrel or £45 gbp = £22,500/day or 365 x £22,500 =£8,212500.00/year,
30% to Edgon = £2,463750.00
Now thats what I call some revenue!!!!
This SP should be treble what it currently is as a minimum.

As they say at the zoo, don't feed the animals. I see the morons must be in full swing this morning by the amount of green boxes, with more sound investment knowledge by no doubt,erm..... NOT!
Just keep filtering the morons.
What a nice BB this is with the colourful green boxes in between.

Been invested for over 5 years, and only one direction the SP has gone.
Even if there were more shares bought than sold, the SP still goes down, absolutely ridiculous.
I dread to think what a successful result of the proppant squeeze will do to the SP.

£67.50 of shares sold and we drop 1.82%, wow, absolutely rigged!!!!

100% agree, the green boxes add some colour to the screen though :)

GiT,
22 working days in July, so please put me down for 22x5.3T/day = 116.6T

4 weeks from the 30th June would be my best guess, possibly arrive on site on the 28th/29th July, so another week to go in my opinion and then let's see what news is going to be issued .

Afternoon GIT,
They only had 5 days access to working in the higher grade, so I personally think going forward for the next quarter that the 3.27T/day will be easily achieved, hence why I think they want to provide an update in August with more realistic tonnage figures.
Time will tell, all looking good and I think we have now turned that corner where production figures will only increase now moving forward with the additional dewatering being set up as well, bonus.

You can definitely tell who has been on this BB for a long duration and who have justed turned up recently, how embarrassing, knowledge is always a great advantage.
Onwards and upwards for genuine invested wreslers :)

Points to note:-
1. 24th June open pit dewatering completed.
2. 17 days worked in June.
3. 55.6T produced in June
4. Only 5 days in June access to the higher grade ore.
5. 3.27T per Day from low and high grade ore.
6. They are now working from the higher grade ore.
Calculate the figures yourself, well on track now to meet and exceed guidance figures, roll on 24/7 working.

That was a thumbs up at the end, damn thing posted question marks, please ignore that bit.