||EPS - Basic
||Market Cap (m)
W Resources Share Discussion Threads
Showing 11851 to 11872 of 11875 messages
|The idea of forming a gold company out of the same patch of land as the tungston deposit sums up Mastermans paranoia with floating and funding. His latest oil venture is another distraction while this company dives into the abyss. Somehow, despite all the money that investors have lost by trusting his flawed business skills, he will surely come out smelling of roses as these characters tend to do.|
|As sure as eggs is eggs.|
|So another round of fundraising....|
|I am totally bored with WRES.
Six month chart shows 6 months downtrend with only a blip in January interrupting it
Just treading water while the next placing creeps up on us.
What price this one ? 0.25p ??? Lowest placing price to date.
Will it be the last placing - no
Subsequent one to be at 0.20p ???
Onwards and downwards.|
|@ 4mins, early production in Q1 2018, not in the latest RNS as it should have been IMHO.
Placing RNS on 9th March states initial production H2 2017.
|Good idea flashheart!
sleveen12 Apr '17 - 08:01 - 11416 of 11418 0 1 (Filtered)|
|Big step forward, 50% supplier finance at attractive terms and possible government grant to come too. All minimising any dilution and taking us a big step forward. Wonder if there are any EU grants we can apply for too?|
|Just filter the tw@ cpap. I did long ago.|
|Today's RNS is not news it's designed to pump the share price ready for the next placing.
From 19/1/2017 RNS:
"Terms have now been agreed with leading vendors for the financing, supply and installation for two of the three core equipment packages: the Crusher and the Jig / Mill Plant.
It is expected that vendor finance of 50% will be provided on the Crusher and the Jig / Mill Plant and formal contracts are expected to be awarded in the next month."
Today's news only confirms contracts awarded nothing new materially.
News on the advancement of the crusher installation would have been much better.
Placing ahoy with around E2m to find from somewhere ie more placings.
DON'T FALL FOR IT.|
|More games with share price looking at those trades. Another Masterman carve up coming. He seems to believe he's an oil man now and I hope those guys in SRON are aware of his track record on placings.|
|5000000 sell @0.33p , that'll be one of the 0.35p placees bailing...probably.|
|chipperfrd27 Mar '17 - 09:33 - 2814 of 2817 1 0
Perhaps there is a degree of 'end-of-tax-year' portfolio adjusting going on. It is fairly normal on the LSE at this time of the year. If so, it will all end soon.
I challenged sairam99's statement that WRES would be able to build the new plant and aims to be debt free, not that it would further dilute.
However, since you raise the prospect about further dilution. I can confidently claim that there will be another placing in the next 6 months.
How many placings have occurred in the last 5 years, must be double figures by now and with no cash generation to show for it in all that time.|
|i fear that WRES may hit 0.3p before bouncing back up. hopefully wont be below 0.3p. saw the technical chart somewhere in twitter (though may not be accurate)
hopefully RGM and JLP will bring some profit for me to come back here in summer|
|But not dilution!|
|lease finance...debt by another name.|
|Big plant mfrs. often provide lease finance for their kit. No need for business loan and certainly no need for any other means of raising funds.|
|Arree timelines are often missed by mining companies.
With all the plant needed how is that being funded without debt?
POW needs to double from current price before this makes investment sense.
As I said yesterday look at WLFE with its issues :large debt being one issue.
Answer this one question, if WRES are aiming to be debt free how is the plant being funded if not by (at least in part)debt?|
|No, I am invested in Wres, but am quite happy with the progress. Take a look at their website it tells you everything you need to know. Welcome to the real world , timescales are not always possible to be kept.|
Member since: 16 Mar 2017
Are you employed by WRES?|
|What do you think "vendor financing" means.
For a new crusher , and jig and mill, a new concentrator.
But like WLFE all these new plants will need optimising, which means that early costs incurred will be greater than revenue.
Go back to 2014 and see how much "profit" was being made on the tailings processing(when W price was higher).
WRES stopped producing concentrate recently because the mobile concentrator was not working as desired hence the need for a new bigger concentrator. This means that the WO3 concentrate produced would not cover the cost of production.
The prelims are due in about a month all the above will be revealed in the figures. IMHO.|