W Resources Share Discussion Threads

[denjon] 10/1/2018 14:13

Looks like it has taken most of today for investors to appreciate what was in fact very positive news this morning.

[edgein] 10/1/2018 13:56

Whoopsie, Spain I meant, was thinking of my other with world class assets in Portugal, SAV.

Regards,
Ed.

[mogwhy] 10/1/2018 10:41

No one knows. They were planning to spin off the Sao Martinho asset
into a separate company last year, but still waiting for news on that.

[barony] 10/1/2018 09:32

Are we still trying to sell the Portugese gold interests?

[mogwhy] 10/1/2018 08:13

Lol - La Parrilla isn't in Portugal.

[edgein] 10/1/2018 07:48

Very good, seems like these guys are well covered for all future strategies, with this contract covering recovery of fines too and designed for increased production capacity from future upgrades. I guess for handling the upgrade from 2Mt to 3.5Mt as the company suggested in a previous news release. All starting to fall into place. Just need to hear about the final sign off on the funding and the potential grant from the Portuguese authorities for the development of this major European project. 2,700tn+ of tungsten and tin concentrates will certainly be a decent boost to the Portuguese economy.

Regards,
Ed.

[cpap man] 10/1/2018 07:36

W Resources Plc

("W" or the "Company")



Concentrator Contract awarded to allmineral



W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, has awarded the design and construct contract for the La Parrilla Concentrator to allmineral Aufbereitungstechnik GmbH & Co. KG of Germany ("allmineral") at a contract price of c€8 million.

The Concentrator is the third core component of the La Parrilla plant infrastructure, following the contract awards for the Crusher and Jig & Mill last year, and provides the final stage of beneficiation in the process to produce a 66% tungsten concentrate and 62% tin final concentrate. The robust design put forward by allmineral targets maximum separation efficiency throughout and actively collects the fines generated from various processing stages to be reprocessed in a dedicated scavenging circuit. The layout considers the potential requirement for incremental capacity additions as well as the possibility of an ultrafine falcon circuit addition to maximise recoveries in the future.

Michael Masterman, Chairman of W Resources commented: "The award of the Concentrator to allmineral is a significant milestone and a core part of the development and financing programme for La Parrilla. All major plant components are now contracted and aligned with the US$30 million term loan financing. Germany's allmineral is responsible on a fixed schedule and price contract for delivery of the both the Jig & Mill and Concentrator providing important integration benefits in project delivery."

[marvelman] 04/1/2018 17:11

Indeed sleveen, but hopefully MM and fiends likely cut won't sour what should be a decent uplift when full funding is announced.

[sleveen] 04/1/2018 16:24

Right to be cynical marvelman.

I don't want to upset peeps so I wont say a placing is tempting for WRES at this share price (even if there was a recent placing).

[marvelman] 04/1/2018 14:43

Well I bought in recently on the back of progress made and news flow to come. Do not trust Masterman as far as his crooked friends could throw him but worth another throw of his loaded dice given the current status. 80p is my target unless Masterman manages to offload the company before then. Currently being traded as one would expect given the dodgy funding history as many traders would probably not have a lot of confidence that another low ball placing might arive to wipe away any profits they may have just made.

Edit

Excuse my cynicism which is founded on a list of well documented RNS's and consider this as a gamble rather than an investment (only just preferrable to trying it with William Hill)

[edgein] 03/1/2018 16:56

Cpap,

Lets hope so fella!

Regards,
Ed.

[denjon] 03/1/2018 15:40

Beginning to think the MM's might be a tad short of stock and with buy orders to fill , we may hang on to most of the rise so far. Interesting times ahead.

[denjon] 03/1/2018 15:29

.5p certainly looking feasible by end of January and a good RNS update before then could well see .8p achieved. Patience is now the key.

[rodrod1] 03/1/2018 15:19

Significant volume always reassures when share price on road to recovery. Lets stale holders out without causing major falls.
Finance final closure and closely followed by grant success could see 0.8p breached

[cpap man] 03/1/2018 13:56

Hey Edgein - can see WRES going on and hitting 1.8p+

[edgein] 03/1/2018 13:44

True fellas, that sharehub target of 1.8p is quite ambitious. If they secure the funding for the development of "one of the worlds largest tungsten mines" then you never know.

Regards,
Ed.

[rookiem] 03/1/2018 13:08

Thanks Ducati and Luckyvince. Yes, I too expect resistance at 0.5p. Whereas not intending to sound pessimistic, I sincerely hope there is no placing between now and the finance deal being signed, sealed and delivered.

[luckyvince] 03/1/2018 12:41

Cheers rookiem. I did have a look at the resistance around .45 and .5, however, any good news and we should sail through.

[ducatiman] 03/1/2018 12:18

Thanks for the heads up on these rookiem.

[rookiem] 03/1/2018 10:54

Welcome on board, Luckyvince. WRES had hit the current Sharehub target way back in 2012, albeit on a much smaller mcap. I too hope that the steady rise in share price is sustained up to at least when the finance deal is formally secured.

[denjon] 03/1/2018 10:45

I'm surprised the usual short term sellers haven't taken advantage of this long overdue rise. Still in bed recovering from the New Year binge! Them not me...

[luckyvince] 03/1/2018 10:36

Joined up today.The Share hub target seems far too good to ignore.

[barony] 03/1/2018 10:33

We’re on the up! Let’s hope these rises are sustained up to financing and production.

[rookiem] 02/1/2018 10:42

Denjon - I agree that this could be the year for WRES to bloom and blossom (and about time too!!). I have been adding as and when finances allow.