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yes, but given not knowing yet and all the other ball-parking involved it looked like that is an upper value if all the not-included and infrastructure differences are ignored
Here's one chew on...............
"To All Those Concerned,
When we declared the wait over, we genuinely thought it was.
. . . "
Well at least someone got them talking ;)
"perhaps some that can might consider pings to Sushi on that investigative front (?)"
Done.
not that I know about, and odd you mention as it has been on my mind on and off since the last couple of missed deliverables
I have free so no PM, but perhaps some that can might consider pings to Sushi on that investigative front (?)
I would also be interested in any comfirming info from Intertek
There is such distrust in the company and its ability to become a producing company at this point that if they do show that they do have it together and can find a market imo there will be a lot of time to profit on this one then.
Hi Z, no one can blame any longs for looking for an out that retains costs, at a minimum. A number of us were out, mostly or entirely, not long after the AMF thing started, or somewhere along the time since. Luckily after some drops before I was fully out I still managed a little above a 3x on what I had at risk at the peak. It did not take too long for me to decide being fully out was the way to go (and I was already working with only free shares by then, but my gain was much less than it could have been) . . . seeing Richard not taking the AMF thing at all seriously as an allegation against the company, and seeing the warm support for Andrew, combined with the continued lack of progress and lack of display of a hard business plan and objective timeline was enough.
I have seen many longs switch camps from GO WDRP signoffs to posts critical of the company behavior and lack of progress or transparency. Hoping for some pps recovery, or upticks, to allow recovery is natural, and one thing, but I still feel it is dangerous to let it spill over into hope for the company or possible product. I see this spill over in your statements "At least they really are working with Intertek" and "You have to admit we are closer to something rather than nothing" for neither of which do I see irrefutable evidence. With luck enough do or will, allowing those past the spill over effect to whittle their way out on the ups and downs that (may) remain.
glta
you had one small mistake, the exercise is for 2.25 USD per MUX share (10 rights), not 2.45
so your numbers should work out at 290 + 450 = 740 for 200 MUX, 3.70 each
instead of 780 total or 3.90 each . . . and that is without any commission on the exercise, if any
otherwise you miss nothing. the market is pricing the rights so that there is no free money
the "dividend" exists for those that held shares by the Nov 5 ex-rights date
then one does not pay out the first 290 (in your calculation) and so could either by the shares for 2.25 each (plus commission if any) or could sell the rights at market less commission, and then and only then could one subscribe for more shares than the "dividend" rights guarantees (those that only purchased rights do not have ability to oversubscribe). So for shareholders, for example, it is potentially possible to do your buy of 200 MUX beyond what their rights allow but do so for only 450 without buying the 2000 rights (the other 290 in your example). There is however no guarantee that any of those extra 200 shares will actually be bought when the tally happens on Dec 4th
Clear enough?
The market has been pricing the rights above their "value" of the MUX shareprice less 2.25 divided by 10, all in USD, every since their first day of trading, and that is without considering any commission/fee.
I am not sure what that is saying . . . perhaps those short are seeking to restore the rights to those from whom their shorted shares were borrowed ?
ditto . . . exercised plus way oversubscribed
agreed on all counts
Beers, your questioning sounds like you believe the PRs intended to update people on the state of things instead of being made to calm the growing outcry and maybe even generate interest.
So I would buy all your shares for a buck but I don't think I am using the correct reading.
We need to keep the reality of the PM exporation market in mind . . .
PVG just released its update Ni43-101, 94 million shares, not counting dilution, at $13 per share, and the new resource estimate (about 80% indicated, the rest inferred) covers about 60% of the currently known strike length and the new estimate came in at 11.4 million ounces (using a 5 g/t cutoff on the indicated).
Do the math on that and forget about PVG already having old underground workings to start with and a pile of cash in the bank and no need to do more exploration to prove up sufficient concentration of resource to be of interest. Before factoring the value of those forgotten parts, or the premium given for the scale and/or the upside, it makes EXS look like maybe up to 0.50 shares once at over 1 million indicated.
Why would I choose A Wanderport Unit over this one. What would be the advantages?
coillesstankless.com/homeowners/index.php
Not knowing for sure, but I agree that these results are likely headed for the mid-year 2013 NI update. I vaguely recall a schedule of roughly each result cutoff being 6 months before the corresponding update, June for December, December for June short of thing.
There is only two things you can do with those carrots and one of them is eat 'em
huh?
nobody really knew how to measure or pinpoint and maximize microwave energy in running water
I really hope the FB voice didn't expect any except those in cheerleading mode to swallow that, as it is just not so.
The US project HAARP, as an example, makes use of comparatively finely targeted triangulation of microwave beams, well tuned for its purposes, using technology patented decades ago.
Water does not, flowing or not, have exemption from the laws governing black body radiation, which fact in turn allows for measurement methods.
The FB voice needs to stop gurgling out meaningless but convenient lines hoping to silence "the unrepentant" shareholders.
If the FB voice is the contracted PR/IR interface of Wanderport, then the FB voice needs to do what is contracted and provide actual information, and certainly ought stop spewing out insults, both to posters and to investors' intelligence.
IMO the shallow intercepts are encouraging. Whether these add up to an economic open pit really requires information not included in the release.
If all core that was not mentioned is at 0 g/t leads to a much different conclusion than if reporting used a 1 g/t cutoff so that the average of the core not reported is 0.4 g/t, as an example. Without knowing how much of that unreported tonnage is waste it is not possible to guess about the economics of an open pit. Clearly imo if all the unreported part is waste then open pit work along the axes of the reported drills would not be economic as the strip ration would be excessive.
Congrats to the FB "Wanderport" voice
You are credited with single-handedly bringing down the share price today as your unprofessional and disrespectful babbling has lead more to give up on WDRP and get out.
Way to go immature FB voice.
want to start to set thing right ? (stupid question in your eyes, I know)
then
release intelligible numbers for amperage, energy consumption, as used to effect the temperature delta at specified flow-rate, all properly wrapped in disclaimer that the numbers are internal and not yet independently vetted
release outlined business plan moving forward . . . we know better than to ask timelines, but at least show that there is some understanding of required future activities
but, I guess there is no interest in restoration of credibility, so equally I guess there is no need to expect to see these released
Thanks for x-posting Hockmir's non-snide, effectively presented with humor, diagnosis of an incredulous statement.
The response seems to indicate an inability to intelligently respond to honest and pertinent questions.
Tough crowd. Not that I disagree at all.
So Z, while you are at it, I found a whole pile of water heater cabinets when at the local building supply recycler. Worth a mention (in case there is a shortage of salvaged bathrooms in Canada these days).
well, looks like that img embed tag works, not
http://tinypic.com/r/26419xv/6
oh yea . . . that's why I wish they would buy the rest of the gold stream that they can back before the option closes - more cashflow for developing that pipeline of projects waiting to add to the ounces per year total
4 - Plan B !!! that is quite new - build a mine
Yikes, I shudder at the thought of the dilution in that one
Thanks for reiterating these factors
I have read the differing reports, the multiple aquifers, the history, etc.
I guess my point was the company is not helping itself at all by letting such wordings get past the final company edit review in the reports
Aurcana sounds like it has all proper plans in place to deal responsibly with the use of water and the dewatering of the deeper levels of the workings . . . but they do really need to step up the effort to get this publicity issue behind them
I notice the rights had shown in an account with one broker, so called after close and was pleased to find that
a) they will charge zero for exercise
b) they know how to handle an oversubscription exercise
I doubt very much that the rights will/would have their exercise price lowered. Wouldn't that take an approval by the exchanges? Today the rights were trading at more than market value, seems to say something.
We think the reasons for extending this period is important and will only add value to the project for shareholders.
- FB Wanderport
no worry about infringing patents, they don't have any granted patents
That seems about it, no effort at reestablishing credibility at all.
I am surprised to see the Bid is holding up at yesterday's reduced level.
After considering putting in an until-cancelled stink bid at 0.0075 yesterday, I thought twice on the matter and did not - if it gets there it may be on the way to 0.0 so why hope for a flip with nothing being shown by the company (except what seems desperation to not go dark entirely).
How does one rid a company of bone-heads ?
and there is still this overhang about which there does not yet seem to be much in the way of more recent news
http://manoamanocadena10.com.ar/ecos-mineros/proyecto-de-ley-obligaria-a-las-mineras-a-asociarse-a-fomicruz/
(
translation by google
http://translate.google.com/translate?hl=en&sl=es&u=http://manoamanocadena10.com.ar/ecos-mineros/proyecto-de-ley-obligaria-a-las-mineras-a-asociarse-a-fomicruz/&prev=/search%3Fq%3DFomicruz%2Bto%2B10%2525%26hl%3Den%26tbo%3Dd%26rlz%3D1C1SNNT_enUS335US336&sa=X&ei=s0emUPnWMsj7qgGMlIDADQ&ved=0CDsQ7gEwAQ
)
all initially reported into the English speaking web around Oct 19
example (most sites have the same story)
http://www.nasdaq.com/article/argentina-province-spooks-investors-with-tax-equity-bill---mining-chamber-20121019-00666#.UKZC0YeaUas
Why not PR bogus efficiency numbers and fabricate some fake video and go for the final spike in the pps so they can dump and be done with this charade?
I realize that in the same post you poo-pood the AMF, say you think that gig is up.
All the same, my answer as to a possible reason, in answer to your question above is :
the AMF . . . you may want to believe the eyes are not watching, but that does not mean the pressure is actual off
Oh, any given the testing that discovered things were not fully working was being video'd and did show exit temp of 50 degree C
where is that video ?
That is, of course, if it was at a normal flow rate
and that is the big if . . . given he certainly knows how important it would be to include that bit of information its omission is troubling.
hey, at least this time the water must have been flowing at power-up . . . knew better than that after blowing up the chamber the last time the unit was powered up. well, let's see, two tests per year, maybe in another 14 years (after the need to pay royalties on the patents used has expired).
In some cases you can identify forward-looking statements by the use of terminology such as "may", "should", "anticipates", "believes", "expects", "intends", "forecasts", "plans", "future", "strategy", or words of similar meaning. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.
The lack of (most of the) comedic posting brigade after close yesterday, after midnight, around open today, etc. was a tip-off the PR today, if there was going to be one, would not be worth hiring the comedy brigade.
"Transparency"
Hey, you, Wanderport. There are free web-based dictionaries. Look it up.
Without developing investor trust this venture is sunk. Not just the WDRP equity, the venture. Even the blind cannot overlook the obvious.
Just deliver the in-house numbers already. Honor your speculators (the ones you have left!) and show some honor in your words and action.
Just do what the company repeatedly stated it would do.
Deliver the in-house numbers.
Im okey with that, two + years whats two more weeks
lol 2 + 6 + 3 + 12 + 3 + 4 + 10 + 8 + 12 + 4 + . . .
So how is superstorm sandy involved in this delay, as was apparently said on FB/Twit ? Doesn't add up beyond more of the pattern of saying whatever is most convenient at the time.
I also see the ambiguity in statement of the Dec 6 deliverables, as others have mentioned . . . are those from Wanderport or from Intertek ? Or does it really matter at this point ?
Robert could have added one little clause about the flow-rate when mentioning the 50 degree centigrade temp delta and people could have walked away with something of a warm-and-fuzzy (or a disappointment, depending), but instead partial and insufficient information (again).
rotflmao . . . does this say that up until just very recently they did not have a reliably functional unit that could be used for testing ? (and of course the first and second backup units were not available for the testing because all the eggs are in one basket)
Great way to build up investor confidence Wanderport !
Perhaps CropDoc, perhaps. The faces on the parties, and in fact the parties, get bandied about as the causes, but clearly they are both only the scapegoats, at the end of leashes. The events would be the same whichever side held reins of elected power, after all, it is the same masters at the other end of the leashes for each.
With increased inflation would come much more that increased PM prices. Costs of production would skyrocket. Financing for large cap-ex developments would become scarcer, or scary due to the rates asked and the uncertainty whether those rates were or were not reasonably costing in unknown future inflation. In short, PM product would very likely continue decline with new mines being on hold awaiting a more stable, or at least certain economic return on the ventures. Money would flow into the metals, the already above ground metals . . . it would be cautious of moving into future production.
jmo
Well, just trying to change the tone a little here. Now that we are half-way through November (isn't November the target month for the NI 43-101 update?) how many here expect to see any rise in the pps that doesn't get sold off? Between early tax loss selling, the prospect of more placements, the fact that all porphyries not being equal, and some barren, the many 3 and 5 million ounce NI resource prospects out there not being gobbled up by majors (yes, even in good old CA), etc. I for one am not optimistic.
Anyone have a realistic reason to expect otherwise (please, not this hollow stuff about 30million ounce historic neighbor, 1/5 the size, etc. as that is that and this is this - they are not one and the same).
LSG resisted the sector-wide decline longer than most/many
in a little, lengthen a short while back . . . just going to wait for the market to recognize the turn-around and pipeline gaining funding
Why are we here if we don't believe in the company?
Like bloodhounds on the scent of easy money perhaps ?
We all know that, if the company had not squandered its credibility, then the idea of a product would have been sufficient . . . for a while (and it was). Perhaps besides the scent of money there is also a large curiosity factor over how this will all play out. Are we nearing an end-game?
There are other forces at work lately. Yesterday many if not most silver producers, in fact precious metal producers generally, took large hits, despite the tentative strength showing in the metals. Granted, MUX had a proportionately larger hit however.
I am thinking the situation in Argentina is weighing on MUX as reading between the lines of what was said in the last two conference calls does not make it sound like the cash flow out of the country will be significant. The comments that El Gallo phase 2 will probably need a further infusion of cash later in 2013 was probably not well received.
It sounds to me like the company has the assets and cash, but just has a problem with not being able to deploy then where and when most needed.