W Resources Share Discussion Threads

[sleveen] 25/8/2017 19:25

Just spotted the 2 RNSs.

Like this: Following finalisation of the FID report and based on discussions and feedback, the Board has elected to increase the size of the target debt financing from US$25m to US$30m, which is expected to allow the Company to remove the equity financing component previously outlined.

IF MM can pull it off then 1p might be on the cards.

[sleveen] 25/8/2017 19:15

From the ORM thread:

bizana
25 Aug '17 - 17:13 - 3048 of 3049 0 0
European APT today 269 - 275!

Dolores123
25 Aug '17 - 18:51 - 3049 of 3049 0 0
Wow! What a jump.

[sleveen] 25/8/2017 12:26

WRES now in the best position it has been in for the past 2-3 years.

WRES share price could be in an uptrend so long as W price continues rising.

I have bought a small position.

[cpap man] 25/8/2017 11:27

Perhaps just perhaps NicosEvos....he has finally learnt his lesson [and remembering that he now has tons of WRES shares so why dilute himself?]

[cpap man] 25/8/2017 11:26

sleveen25 Aug '17 - 11:25 - 11522 of 11522 0 0 (Filtered)

[sleveen] 25/8/2017 11:25

WLFE still having production and financing issues, I expect a funding announcement soon.

ORM still constructing the ground works but fully funded.


WRES much of the ground work done, most plant on order, but project not yet fully funded.

Spot price of W increasing weekly.

Should W price continue to rise then either WRES and/or ORM would be a reasonable way to gain exposure.

Increasing W price should make it easier to raise funds and provide impetus to the share price

IMHO.

[nicosevos] 25/8/2017 11:23

Looks to be good news for a change, after all these years!
If he keeps to his word......

[blackbear] 25/8/2017 11:11

So no equity raise to funding plans, share price should motor today.

[runwaypaul] 25/8/2017 11:05

all on track.

[runwaypaul] 22/8/2017 00:04

bit of resistance during the holiday season .could be more to this than meets the eye.

hold

[rodrod1] 15/8/2017 14:39

Tungsten on the up again according to MM

[barony] 15/8/2017 14:29

Not going to stay down long by the look of things. Are we expecting news re shifting the gold mine soon?

[runwaypaul] 10/8/2017 08:21

nice to see it firming up.

a good move is there for the taking for the patient.gl

[sleveen] 09/8/2017 15:43

"So all I'm thinking is MM is perhaps a bit liberal with the facts when it suits him. So keep a salt pot handy methinks."

Paleje...indeed!

[paleje] 08/8/2017 21:03

Lot of data there sleveen, thanks for it and I think I got what I wanted.

The bit that got my attention was the average price during Q2 and projection for Year End, which does suggest 25% increase, close to MM's 26%. But MM, I think, said it had already risen 26% which Almonty tables say is not the case and bore out what WLFE said.

So all I'm thinking is MM is perhaps a bit liberal with the facts when it suits him. So keep a salt pot handy methinks.

'The spot-market price of an MTU of APT averaged US$204 for European APT during Q2 2017, an increase of US$10 over the pricing level experienced in Q1 2017. The balance of production at the Company’s Los Santos mine is subject to market pricing. The fixed price contracts represent premiums of 31.8% and 21.0% respectively for production from Panasqueira and Los Santos. Management expects that the limited quantities of “spot” concentrate available in the market will help with continued price improvement in the near to mid-term (between now and the end of calendar 2017) with several forecasting services projecting prices in the US$250 per MTU of APT by December 31, 2017'

[paleje] 08/8/2017 19:56

Cheers sleveen

[sleveen] 08/8/2017 17:32

Almonty also has a good discussion on the W price.




Go to Q2 2017 MD&A.

Current W price is around $230/MTU APT.




Sometimes APT MTU and concentrate MTU are used without specifying.

[paleje] 08/8/2017 15:46

It would be nice to have a gradual climb but AIM often doesn't work that way.

Anybody know where MM gets his 1yr 26% increase in tungsten prices from, or where does anyone else get them from for that matter. I was reading through WLFE's last update and they don't report anywhere near the same level of increase.

There are lots of bitty sites giving a range of prices but it's hard to find a plain uncomplicated chart. I found this one which indicates less than 10% rise over last 12 months.



And no I'm not a deramper I hold here bought in just after the placing.

[barony] 08/8/2017 08:28

Will we see a gradual climb in share price up to production and sales revenue, or an exponential when we start earning, or another exponential when we sell off our gold interests?

[runwaypaul] 07/8/2017 08:13

personally in no rush here.expecting far higher prices by the end of the year.gl

[guyswonga74] 06/8/2017 18:59

Take a look at MAFL guys