W Resources Share Discussion Threads

[photon] 25/1/2018 17:56

well.. G&A run rate through to production relatively trivial in the scheme of things, no doubt though we'll see the usual dribbles of equity issue.. of more interest is how well he will manage to get production start-up aligned with the repayment schedule on the term loan

[marvelman] 25/1/2018 16:33

Sleveen...exactly.

[photon] 25/1/2018 16:05

It's a term loan USD 30m so it'll have a predefined repayment schedule and won't affect equity.The wait may be to incorporate any news on being awarded some Extremadura government grant, non essential but useful if they get it.

[sleveen] 25/1/2018 16:04

Non dilutive for the plant but money for PLC G&A is additional to that.

[bionictwat] 25/1/2018 16:02

https://youtu.be/5A8JQeHNrq0See 3min in clearly Non dilutive funding

[bionictwat] 25/1/2018 15:48

Didn't masterman states in a interview 3 months ago that the 30m raise was non dilutive

[marvelman] 25/1/2018 15:45

Photon

I doubt there is any likelyhood the funding will be finalised.....but on what terms. If there is an element of equity placing...at what price.

[bionictwat] 25/1/2018 14:39

No it's coming any day now

[photon] 25/1/2018 14:35

Does anyone seriously imagine that these contract announcements would be approved if there was any issue with the "final due diligence and legal documentation" that has been taking place on the US fund's loan?

[marvelman] 25/1/2018 12:04

More games. Offer goes to 48 but you can buy in volume way below mid at 46.5.

[bionictwat] 25/1/2018 11:52

2x 4m trades

[marvelman] 25/1/2018 11:51

The RNS for the concentrator award was the giveaway. A no real news RNS to boost the share price so that the favoured few can divest to the suckers and then the long march down the hill again. This will never be a straight game as a WRES holder. Those chunky trades tell a tale and I await the funding announcement awarding more discounted shares to the lucky ones closest to the ringmaster.

[bionictwat] 25/1/2018 11:29

Financing sorted I'm hearing each this boom

[fsawatcher] 19/1/2018 12:06

wheres the news then?

if it aint comin soon it gonna be 30's again

if not come at alls

it goin to 20's

[denjon] 18/1/2018 11:38

Looks like a repeat of yesterday's trading pattern; mainly sells all morning until hopefully a bit of a recovery late pm. Tomorrow,being Friday could well see a resumption of buying. Wouldn't want to be out over the weekend syndrome kicks in!

[denjon] 18/1/2018 07:53

WatteNe- Sadly my name is not on that list,(yet)!!!

[wattene] 17/1/2018 16:48

denjon : Or put another way. One owns 21%, and the remaining 5 own 19% :)

[denjon] 17/1/2018 15:31

These shareholders own just on 40% of the company:

Name Equities %
Michael George Masterman 1,081,065,648 21.0%
Hansource Investment Ltd. 333,333,333 6.46%
Byron Antony Pirola, PhD 296,638,318 5.75%
Marcus Garvie 156,000,000 3.03%
Red Scott 131,000,000 2.54%
David Robertson Garland 5,555,555 0.11%

[rodrod1] 17/1/2018 15:07

Small investors selling, big boys loading up. Follow the money.

[denjon] 17/1/2018 14:47

RNS just out; Marcus Garvie increases holdings from 3% to 4%.

[denjon] 17/1/2018 14:23

Ed,
Good to hear a calm steady voice; I'm not panicking (yet)! Hear for the long term but hoping it comes this year. A takeover or rumours of one would be welcome!

[edgein] 17/1/2018 13:46

Den,

Its only a few profit takers ahead of the expected updates.

Regards,
Ed.

[denjon] 17/1/2018 13:02

Sorry for double post; fat finger strikes again!

[denjon] 17/1/2018 13:01

Slight struggle this morning to maintain recent gains but tide may soon turn this afternoon. Nothing goes up continuously in the share market without some retracement. Should hopefully tempt in a few buyers. Keep the faith!