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[wooster4] 07/3/2019 15:20

I think if you can be bothered to look back over my posts (i wouldn't expect you to, takes a very sad person to do so), i have not been ramping. Whether it be six months or two years, WRES has outperformed JLP on both. I suggest you take off your blinkers and look at the wider market OVER THE LAST SIX MONTHS...has been carnage. But ofcourse that does not suit your agenda. I suggest you take the dog for a walk - your keyboard warrior style is really not good for you - leads to a very bitter individual. Until I can be bothered to look in here again...

[plat hunter] 07/3/2019 15:10

So just for context.. "At the moment" is it 6 months or 2 years?

You've been ramping this when it was in the .60's and now you're cherry picking to defend a company which is no more than a debt vehicle.

[wooster4] 07/3/2019 14:50

NO - last six months have been dreadful for aim miners - check out the aim mining index. WRES has simply reflected this. You seem to constantly berate wres despite progress being made. JLP has lost two-thirds of its value in last couple of years despite reasonable progress being made.

[plat hunter] 07/3/2019 14:42

So when you said... "Seems most aim miners are in the same boat at the moment"

You actually meant, " Seems most aim miners are in the same boat, at any point in the last two years?"

[wooster4] 07/3/2019 14:35

I see WRES has massively outperformed JLP over last couple of years. You can pick any timescale to suit your agenda.

[plat hunter] 07/3/2019 12:05

You can buy or sell JLP at 2.35/2.4 the exact same price it's been for almost 12 months lol

one is a company producing real earnings, with no debt and one isn't.. No comparison at all Krypton

[plat hunter] 07/3/2019 12:04

.43 on the BID now marching down to .40 this is a an odd direction to be taking for a plant that will generate 30 million a year in revenue and is on time.

Perhaps it's late or the plant isn't good enough to hit the claimed production targets, who knows??

Anyone buying in here at .60 when most here were ramping it, are now a cool 28% down.

Well done Krypton and the likes.

[kryptonsnake] 07/3/2019 12:03

Just look at Jubilee, that's also down in recent days

[plat hunter] 07/3/2019 11:59

I think that's a bit of a stretch Wooster, i don't think we follow the same companies; and or have a different opinion on the correct definition of 'Majority'

[wooster4] 07/3/2019 11:37

Seems most aim miners are in the same boat at the moment. Majority all have very similar charts to WRES.

[plat hunter] 07/3/2019 11:16

Some meaty sells again today and the offer dropped to lure liquidity for the seller.

Who is the mysterious heavy duty seller and how come they don't share the patience requested by MM?

[plat hunter] 06/3/2019 15:20

Bids fixed now.. There's a very big seller here and they'v created an overhang.

Anyone have any sensible ideas who it might be, instead of shouting the ramping nonsense and claiming fake news?

[plat hunter] 04/3/2019 13:33

Why would you need a little patience if everything is on schedule with absolutely no delays?

[goldrush] 04/3/2019 10:02

MM quotes $20m EBITDA after ramp up during the year.He said he had a great team in place to deliver this....he just asked for a little patience over the next month or two.

[plat hunter] 04/3/2019 09:25

I think 120 tonnes/month will be more realistic, i honestly don't believe MM will get 200 out of the plant

[sleveen] 04/3/2019 08:44

So 200 tonnes/mnth @65% = 130 tonnes * $26000/t = $3.4m/month revenue.

Note I've assumed the Sn credit will offset the 20% deduction for WO3 concentrate but I'm happy to stick to $3m /month revenue in a full year at steady state.

[plat hunter] 04/3/2019 08:19

Or circa $160 on 65%

[sleveen] 03/3/2019 21:29

FID based W price of $250/MTU

[plat hunter] 03/3/2019 20:54

"Everything on track"

So concentrator built by end of March then?

Where there any real numbers with regards to how much more material there is over the JORC appraisal, or if more money then why, have they negotiated better terms or have they improved the process? Tungsten is down by around 16% for the year.

[jaf1948] 03/3/2019 20:23

goldrush,

Thanks for the feedback. Now we wait !

[goldrush] 03/3/2019 19:39

For what it is worth I also saw MM presenting at Proactive on Thursday night. It was the first time I have seen him presenting live. I thought he made the case very well.

Very much similar to the one posted recently. He confirmed everything was on track over the next 2 months.

There was a discussion on Tin credits being more than planned, which will reduce cash cost of production further.( firmly in lowest cost of production producers). That there is more tin than planned and the price to be received is higher than forecast.

All good IMHO.

[mogwhy] 03/3/2019 15:27

Have to agree with you there PH - most of them haven't got a clue what WRES are
producing or intend to produce !

[plat hunter] 03/3/2019 14:36

Hilarious thread on LSE, your so called experts can't work out or agree on how the income here will be generated.

Couldn't make it up... quality company, quality investors