W Resources Share Discussion Threads

[cpap man] 19/1/2017 11:43

Good to see that you got WRES down to your buying level!?!?!

[sleveen] 19/1/2017 11:03

Looks like buyers are returning at the current price, which possibly/probably reflects the increased uncertainty.

[marvelman] 19/1/2017 10:56

Hope it comes right for you Cautoussid.

[cautoussid] 19/1/2017 10:41

some selling ,some disappointed with Todays news ,some thinking a placing may be coming , still holding wres shares if good news comes one day want to be holding even if may take longer than had been hoping before today

[marvelman] 19/1/2017 09:34

Cannot fault your workings or your logic Sleveen...another funding inevitable

[sleveen] 19/1/2017 09:29

sleveen
18 Jan '17 - 15:45 - 11307 of 11322 0 0 Edit
Spike sold into yesterday morning and today, why is that do you think?


Yep I got that call wrong...there wasn't a spike.

[sleveen] 19/1/2017 08:58

TT

yes they are losing money that's why production has ceased.

They also lost money when W was being produced in 2014 (for about 9mths) as the price of W was falling and they stopped production.

To justify stopping production they came up with the current master strategy.

Go to 22/5/2015 RNS and look at the annual report. They lost £134k in operating costs alone on production of 100t concentrate.

[trotterstrading] 19/1/2017 08:55

We know margins are slim that's why it makes sense to hold off Prod until the new equipment arrives to save $50mtu. You are missing the point, la Parilla is a multi-year mine, metal prices are heading north and Tungsten will follow soon enough. The economics will get better and better.

[barony] 19/1/2017 08:29

Why not tell us what current net income is v what it would be on the planned fixed infrastructure with same amount of material to procees?

[trotterstrading] 19/1/2017 08:17

Sleeven, they are not losing money on production. Simply put they will save $50mtu by waiting. Simple economics

[cpap man] 19/1/2017 07:57

"Calm down dear"



Even if there was a placing [not looking so likely now] it is clear that WRES are finally going places so the share price will respond extremely positively as this is now clearly not a typical AIM life style company!

Also take note of all the money that Michael Masterman has invested in WRES making him a large shareholder in WRES

He will want WRES to be a massive success obviously!

[gimmetheloot] 19/1/2017 07:54

Yawnnnn nothing new here!! This was suppose to go into production 2012.

[sleveen] 19/1/2017 07:54

cm

They're losing money on production hence its halted. MM probably expected POW would rise along with other metals, but it hasn't.

The gold drilling has to be paid for, as do the production losses.

As I said previously one of the condition for issuance of the convertible will be a placing.

[sleveen] 19/1/2017 07:50

Will it be the third early-morning-spike in a row to be sold into?

[cpap man] 19/1/2017 07:49

No placing for sure sleveen - take another look at the RNS....



- Funding negotiations have advanced to provide a convertible note to fund the balance of funding for the plant packages

[sleveen] 19/1/2017 07:48

Think.

Yet another ramptastic RNS, whats going to happen soon...you guessed it:

ANOTHER PLACING.

[cpap man] 19/1/2017 07:40

All looking really rather rosy at camp WRES with that rather nice RNS this morning!

[sleveen] 19/1/2017 07:20

By the way, nothing has actually be signed yet, no contracts no grants: how long will that take the Spanish bureaucrats? MONTHS

[sleveen] 19/1/2017 07:18

BS

"Given the potential for very significant operating cost reductions and recovery improvements from a new fixed crushing circuit, the Board and operations team have evaluated the most strategic production options and elected to temporarily halt production, with a view to restarting operations following installation of the new more cost-efficient crushing circuit."

So at least 3 months behind the timelines anticipated in the December presentation...less than a month ago!.
RAMPTASTIC!

W production costing more than received in revenue (as I previously stated)

EDIT, the production shipment RNS was more ramping.

What's the betting that one of the conditions of the convertible note will include a placing. 100% certainty.

IMHO.

[rem108] 19/1/2017 07:12

RNS, Excellent !

[sleveen] 18/1/2017 15:45

Spike sold into yesterday morning and today, why is that do you think?

[trotterstrading] 18/1/2017 15:01

Metal prices are rising, Tungsten prices will follow soon enough. The economics for the mine are only going to get better and better. Chairman is holding off for the best possible financing deal for shareholders (naturally, he is by far that largest). The impressive gold discoveries at Sao Martinho could also prove to be a very nice asset for JV or outright sale.Everything is looking rosey, let's get this placing out of the way and then re-rate accordingly

[tyranosaurus] 18/1/2017 13:21

This time next year we`ll be millionaires.
How many years was this said before it came true.
As someone who remembers selling some at 1.78 some time back and seeing the current price of 0.5 I ignore all these predictions.