W Resources Share Discussion Threads

[sleveen] 16/11/2016 09:38

Because the revenue received from W concentrate production will be less that what it costs to produce.

[barony] 16/11/2016 09:35

Sorry for duplicate.

[barony] 16/11/2016 09:35

Shipping of product commenced on 17th October. How about letting us know volumes and prices/revenue for this one customer and any plans for increasing sales/revenue?

[cautoussid] 16/11/2016 08:25

ALSO HOPING MORE VIDEO INTERVIEWS ARE SEEN FROM WRES AFTER INVESTOR MEETING OR WHEN MORE GOOD NEWS IS RELEASED

[cautoussid] 16/11/2016 08:22

IF LATER TODAY

[cautoussid] 16/11/2016 08:22

TROTTERSTRADING ,WOULD LIKE TO THINK NEWS MAY BE CLOSE ,HAD BEEN HOPING THIS WEEK FOR SOME GOOD NEWS ,BE NICE IF LATRER TODAY

[trotterstrading] 15/11/2016 14:58

very insightful Tyrano, thanks for your contribution

I prefer this more analytical post from the LSE, which I agree with:

By my calculations if we are producing at the rate of 400 tons per year that is roughly 7.69 tons a week.

The first shipment was made in September albeit not announced until October, presuming that it is not cost efficient to ship small amounts I would expect shipments of maybe 100 tons which would mean the next shipment is due in December, obviously if the shipments are smaller let's say 50 tons at a time then the second shipment may have already happened, or be very close to happening.

One thing is for sure the more we ship the more we make and come the middle of next year we will be producing at more than six times the current rate. At that point ( and most likely well before then) we are likely to be valued more realistically, a 2500 ton per year operation gives a turnover of about $45 million and earnings based on the last presentation of about half that, for arguments sake let's say $22 million which is about £17.5 million, fortescue is valued at 12.7 times earnings but if we were to be valued at 6 times earning that would give us a market capitalisation of £105 million or 2.44p a share with 4.3 billion shares

[tyranosaurus] 15/11/2016 13:41

Whatever news comes out it will have a short-lived effect.
Price will rise or fall to around 0.5p.

[trotterstrading] 15/11/2016 11:48

Good Summary of Newsflow expected from LSE poster:

There are a few near-term suspects for news, no idea which will land first....

1. La Parilla - remaining drill results, got to be close. Maybe they'll come with completed programme and assays?
2. Offtake/ Leasing deal/s confirmation for the 2 remaining bits of LP production kit
3. La Parilla tin production/ sales update
4. Regua - no substantive update since Oct 2015 so assume one is close
5. Gold drill results from Sao Marthino - may get a little copper news thrown in if they have drilled at one of the previous mines?
6. Revised mine plan for La Parilla (with expected improved economics) by year-end
7. Enviromental Approval for Regua (expected by end of 2016), as per comments in the Half Year report
8. Plans for the Portuguese assets/ JV etc.

[cautoussid] 15/11/2016 09:59

blue this morning , looking in at times to try and be watching if some of the news is released this week ,are many wres investors planning to attend investor meeting

[trotterstrading] 15/11/2016 09:39

The Bottom line is that it will take c.$30m to transform the company into a world-class Tungsten and Tin miner with EBIT $50m per annum.

Show me another miner with those kind of numbers :)

[cautoussid] 14/11/2016 22:31

TrottersTrading Nice buying pressure building again ,blue finish today may be start of a good week

[trotterstrading] 14/11/2016 16:44

Great Preso.. WRES is a compelling buy at these levels!

[trotterstrading] 14/11/2016 16:28

excellent preso

[cautoussid] 14/11/2016 15:56

ask moving up more with todays buying ,looks like more people may be taking up shares before more news may be seen

[cautoussid] 14/11/2016 15:41

200 SHARE BUY TODAY AGAIN ,ALSO ON FRIDAY , AS WELL AS 1 TRADE ON FRIDAY

[cautoussid] 11/11/2016 15:47

ASK NOW moved up more as more buys come in ,last RNS on 29th September ,had hoped to see news this week , may have to wait longer

[cautoussid] 11/11/2016 15:20

buying pressure now looks to be starting building up again ,not easy for Mms at times to build up shares

[cautoussid] 11/11/2016 14:08

buying again ,some buyers may have waited for lower share price and now buying in if they want to be holding or holding more as weekend gets closer ,hoping may see an update soon

[cautoussid] 07/11/2016 15:28

sellers look to have brought share price down slightly , had been hoping for a move up ,shorter term last weeks placing may not have helped investor confidence ,

[cautoussid] 07/11/2016 09:31

are many planning to attend investor meeting , also be good if video coverage again this time for the people who will not be attending ,hoping news may be seen soon if another shipment is ready or may be ready soon from LA PARILLA

[bscuit] 04/11/2016 14:35

Well this is the highest price of the last five placings so very much a move in the right direction.

[eggbird] 04/11/2016 13:06

Bargain prices!

[itsonelouder] 04/11/2016 09:37

Picked up a few this morning below placing price :)

[cautoussid] 03/11/2016 09:46

no news at this time today ,had hoped this morning may have seen an update on assay results from LA Parrilla as mentioned in 17 October rns
also good to see at last wres website updated ,
MR CHARLES SCOTT BEEN BUYING MORE WRES SHARES