Tungsten West Share Discussion Threads

[millennialinvestor] 22/4/2024 13:34

There isn't a long term bull case here, just big share price swings as "investors" think that the UK can economically extract anything out of the ground cheaper then anyone else and make a decent profit - impossible.

Not with our energy costs, labour costs, machinery/maintenance costs, Health and Safety requirements and paperwork, Environmental requirements and paperwork, no incentive to work due to high benefits, finding decent strong labour that get their hands dirty - to name a few reasons why this sector in the UK will NEVER be successful.

[seedoftongo] 22/4/2024 11:31

Tungsten …. Is it all that ?

Give the bull case Millstone ?

Tungsten carbide drill bits ?

[7rademark] 22/4/2024 10:17

I think planning has been all but approved and we will hear shortly. Let's see.

[billy3] 21/4/2024 18:43

The text......

The Environment Agency has today opened a third and final round of consultation on a permit application by Drakelands Restoration Limited for restarting mineral processing at the Hemerdon tungsten mine, near Plymouth.

The proposal has already seen 2 consultations carried out. All of the comments made by organisations and members of the public were considered during those previous consultations, alongside all of the evidence given by the operator. To date, no evidence has been presented to indicate that this proposal will result in significant human or environmental harm.

In line with the Regulator’s Code, the Environment Agency now thinks it is in a position to grant the permit. However, no final decision will be made until after this final round of consultation, taking into account any new information that may be received.

So far, the permit application has been technically assessed by experienced specialist officers in the National Permitting Service, as well as noise and other experts in national and local Environment Agency teams. In doing so, a wide number of other organisations have been consulted.

Various issues of concern have been addressed, including measures to manage infrasound - low frequency noise - something that had been an issue at the Hemerdon site when operated by the previous operator, Wolf Mineral Ltd.

The new operator’s plans to prevent, control and monitor issues such as audible noise, dust and other particulate emissions have also been checked, so that operations on site will not have any significant impact on people and the environment nearby.

In this latest consultation, 2 key documents are presented - a draft decision document and a draft permit. The draft decision document explains the thought process so far and how the Environment Agency has taken on board the information and comments received.

The draft permit outlines the conditions the operator would be expected to meet. These 2 important documents make it clear what the Environment Agency has already considered and will help you identify if there are any other important issues you would like to be considered.

The permitting process does not take into account factors such as off-site vehicle movements, operating hours, visual impact and whether this is an appropriate location for this activity. These are matters for the local planning authority.

If you would like to provide any new information or make and new comments, please make them known by 11.59pm on 7 May. You can send your comments:

[7rademark] 21/4/2024 18:32

the Environment Agency now thinks it is in a position to grant the permit

[7rademark] 21/4/2024 18:31

 To date, no evidence has been presented to indicate that this proposal will result in significant human or environmental harm. 

[7rademark] 21/4/2024 18:30

https://www.gov.uk/government/news/final-consultation-on-permit-for-hemerdon-tungsten-mine

[7rademark] 19/4/2024 16:34

183k buy delayed. As I said something is going on. Understand the criticism if you guys were here since the ipo but there is value here although risk is a factor.

[7rademark] 19/4/2024 13:56

A bigger punt? Hardly the trades have been tiny compared to the initial spike

[seedoftongo] 19/4/2024 12:29

Another case of , got lucky so trying again maybe with a bigger punt , only to see profits wiped away and then another gamble to chase it back before the initial euphoria of a multi bagger is crushed as it drips away leaving one worse off then before it multi bagged .
The MMs just sit back and watch this classic scenario unfold time and time again …

Take profit and walk away .

[millennialinvestor] 19/4/2024 11:50

I am diamond, rock hard and nob is on the table.

[seedoftongo] 19/4/2024 11:14

Secondary spikeeeeeee ….

Millstone candy floss or millstone diamond ?

[7rademark] 19/4/2024 09:59

Something is happening in the background. Record volumes traded lately with the exception of ipo day of course. I'm tempted to buy as any positive news on production will multiply the current share price

[seedoftongo] 19/4/2024 08:38

Are you inviting Ron and the CUSN gang ?

5.5 …..

Does it ease back from here or will it break out …
Secondary spike or new dawn ..

[millennialinvestor] 19/4/2024 08:18

Should get the keys in around 12 weeks the solicitors suggest. I'd have a cider with you seed lad.

[7rademark] 18/4/2024 15:59

Anything expected here. NT To buy at the close. Moves fast on very light volume.

[seedoftongo] 18/4/2024 15:31

When is the house warming ?

Getting smashed on Trevithick day then back to Millstones to burn the roof .

[millennialinvestor] 18/4/2024 13:49

All mod cons with mains electric.

[seedoftongo] 18/4/2024 13:40

A few triple A batteries don’t count as electrical supply milling stone lad .

Do you have a cess pit or are you connected to mains ?

[millennialinvestor] 18/4/2024 11:01

The relapse to 3.5p was a treeshake for most holders from April 2023. 7p on the cards if 5p holds and no further large sells.

Spread doesn't matter when you have these cheap, but becomes a risk buying at these higher levels if it does drop.

A little scratch under the surface of VOR and you soon realise that their tank truely is just a plank of wood and a few rusty nails.

Yes it has electricity and gas.

[seedoftongo] 18/4/2024 10:40

Millstone on a roll … finally things coming together .
I put it down the education received from the voices of reason gang ( VOR ) as they used to call themselves .
Top guys , rather like the A team .
They were on a financial mission .
They could make a tank and millions of dollars out of a plank of wood and a few rusty nails ..

Ok so is this a secondary spike ?
Now it drips away …


Huge spread on this though ?



You have electricity in the new house also ?

[millennialinvestor] 18/4/2024 09:43

Yum up we go! Profits to go onto a washing machine for our new house!

[millennialinvestor] 17/4/2024 14:18

Hard to say, will see 5p again that's for sure.

[seedoftongo] 17/4/2024 13:32

Secondary spike to 5+ then drip drip away or is this serious ?

Millstone 🎤

[cyberbub] 17/4/2024 09:46

Having DMOR, the company seems very low valued at £8m today, on the face of it. However there is a massive CLN conversion likely to take place in 2025, which would treble the market cap to £25m or so. Still not too expensive, but the key issues are: (a) what price will the £35M main capex equity be raised at?, and (b) does the company have enough cash to survive to production, even after savage cost cutting and the recent Tranche D CLN issuance?Answers on a postcard.