W Resources Share Discussion Threads

[sleveen] 16/3/2017 16:21

sairam99
Member since: 16 Mar 2017


Are you employed by WRES?

[sleveen] 16/3/2017 13:51

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.

[sairam99] 16/3/2017 13:39

Really ? Wres is positioning itself to have no debt, reduced costs of production.
Wolfe is swimming in debt, I would rather be in Wres all day long.

[sleveen] 16/3/2017 10:59

Take a look at WLFE interims today.

$11m revenue v $39m costs. Terrible.



WLFE does have its own issues but the above is broadly going to be the case for WRES (obviously not on the same scale)

IMHO.

[sleveen] 16/3/2017 08:46

Take a look at the Jan presentation and see how much more funding is required to get to peak production and the time line.

$10-14m and 3-4 yrs.

WRES are struggling to raise $2.4m for the first new plant ie the crusher, which was meant to be installed by end 2016 if memory serves.

[tyranosaurus] 16/3/2017 08:41

Been sinking since mid October.
Heading to 0.30p ?
More fundraisings to come ?
Worth holding - not for me.

[mrs robinson] 10/3/2017 16:00

MarvelmanHas mastermans % gone up or down?

[sunrise1408] 10/3/2017 13:36

That is the burning question.

[sunrise1408] 10/3/2017 13:34

If you split wres into 2 companies,will you give shareholders the same options as your directors & yourself?

[sleveen] 09/3/2017 09:21

Construction of the plant remains on track at La Parrilla and we are now in a position to order the crusher, jig and mill...

So the plant hasn't even been ordered yet, hence end Q4 2017 for initial W production IMV.

Note INITIAL production, ramp up to the tonnages in the recent presentation will take much longer. IMHO.

[marvelman] 09/3/2017 09:06

"In order to advance the development of the copper and gold assets, and advance the purchase of the La Parrilla crusher and jig/mil"

Clearly,most of this is to bolster up the finances of the tungston operation and the gold/copper carrot is just a smokescreen. Once again, the share price has been managed to ensure the best entry point for Masterman to buy another chunk at a discount and increase his holding.

[marvelman] 09/3/2017 08:38

The lower the better for Masterman

[sleveen] 09/3/2017 07:59

At the last announcement the share price was around 0.5p, they should have placed (at 0.4p?) then rather than wait until now and place at 0.35p.

At the time I said they should have done a placing rather than mess about with a convertible.

Are management AIM savvy?...I think not.

[gottopickapocketortwo] 09/3/2017 07:58

Damp squib

[marvelman] 09/3/2017 07:54

Yes, this company is all over the place. No tungston production until second half (if that) and now looking at some spurious claim to have workable gold and copper. Masterman setting up oil companies as well when this one needs plenty of attention. This isn't going anywhere now.

[sleveen] 09/3/2017 07:44

Bingo...a placing is announced.

[cautoussid] 01/3/2017 09:06

news needed , now sron floated had hoped for wres news
even if another placing . if followed soon with good news
like the potential at at wres thats why i still hold in the hope the placings may end or less may be seen if wres soon producing at a good level

[nash81] 25/2/2017 14:59

will MM now have less time to look after WRES as he is fully pump for his SRON ?

[sleveen] 20/2/2017 09:46

Steady fall to 0.2p.

Faster if a placing is announced...which it will be.

[garfield8] 10/2/2017 16:13

Copper going up sres could be good .

[chiefbrody] 08/2/2017 20:12

Many were saying that a decade ago...

[cautoussid] 08/2/2017 19:51

this time next year ,or even towards the end of this year , my hope is that the patience many of us investors have shown had, may pay of then ,has been a long wait , some times patience can pay with shares

[garfield8] 07/2/2017 15:46

Strap in for lift off

[pumped and dumped] 07/2/2017 14:20

WLFE have bottomed and the charts are looking very nice.There are white bullish candles on the daily /weekly candlestick charts, plus the Macd is just turning positive and the rsi is nice and low.