W Resources Share Discussion Threads

[barony] 17/2/2018 09:08

Loan looks expensive v typical loans to oil cos. as I believe there is less risk involved for a miner, as opposed to wildcat driller.

[marvelman] 16/2/2018 16:13

So Masterman and friend have to finance WRES in order to pay Blackrock $390,000 as a non refundable fee for the privelage of receiving the first tranch of a loan at an initial interest rate of 14%. Good business if your in the driving seat.

[falia] 16/2/2018 15:53

guys cha now up 37% , news leaked

[fearny1984] 16/2/2018 11:30

Yes it's all looking very good now. I've been locked in this for a few years when it spiked to .80, was never worried as the fundamentals were excellent, it was just a matter of time before it came good.I bought lots more a while ago and averaged down, all now in good profit. Really should be a good few years now for shareholders and the company!

[rodrod1] 16/2/2018 11:00

My summary -

La Parilla fully funded;
extra 5m loan for Regua (implied);
off take agreements are in place;
Tungsten $325 mtu; tin is 15% of prod'n;
grant is moving along, stay tuned

[fearny1984] 16/2/2018 10:54

Just watched it, thanks a lot! Fingers crossed it's soon so that we carry on with this upward trend.

[rodrod1] 16/2/2018 09:45

Proactive interview just out. stay tuned for news of the grant

[fearny1984] 16/2/2018 09:06

Does anyone know when the Extremadura grant is due? I can't seem to see it on the recent RNS's. Great news this morning though, been a long time coming, but finally getting there!

[paddyfool] 16/2/2018 09:00

When this company is producing at the scale which is planned the price will be many many times today's value. This announcement confirms the underpinning loans which will allow that. Had Masterman issued equity to underpin it, even if he could, it would have led to severe dilution. As it stands he's raised a loan with deferred repayment terms and accepted a 5% dilution. I can't get revved up by that final concession, bearing in mind the alternative. I don't care if the strike is at par, because in the next two years I believe I will make a lot of money here, thanks to this deal.

[ducatiman] 16/2/2018 08:46

Just had an investor v trader dilemma. The trader part of me won, so out for now. GLA, duc.

[sleveen] 16/2/2018 08:42

marvelman is correct

The price of the warrants isn't stated and there's a reason for that.

My guess is the warrants will be priced at par ie 0.1p.


I can't think of any AIM company that didn't state in the RNS the price of the warrants issued.

[denjon] 16/2/2018 08:37

Blackrock are careful when it comes to lending money; sure the terms are not cheap but it gives WRES an incredibly financial solid base on which to drive the company forward. I'm sure the company will have no significant problem meeting the repayments. The market seems to like the deal and that is what is important.

[paddyfool] 16/2/2018 08:24

The terms are a bit tough. But then they were never going to be easy. In the context of the outcome, production, now being assured it is in my opinion a good deal. The Blackrock team are tough negotiators they also do very deep DD, so there is some significant comfort there.

[marvelman] 16/2/2018 08:07

Masterman has just destroyed this company.The Blackrock gangsters have screwed him in his desperation for a deal at any cost. Just the 5% warrants on the fully diluted capital at no exercise price yet given is enough for many seasoned investors to run for the hills.Good luck to those that remain.

[ducatiman] 15/2/2018 10:10

Hopefully a bounce from here

[rodrod1] 15/2/2018 07:30

Tungsten: Almonty locks in 2018 price contract with 33% increase

Posted on 12th February 2018 in Roskill Weekly Round-up

Almonty Industries
Canada’s Almonty Industries, one of the leading producers of tungsten concentrates outside of China, has secured a price increase of more than 33% for tungsten produced at its Panasqueria mine in Portugal for 2018. In its financial results for the three months to 30 September 2017, Almonty noted that from 1 January 2018, 100% of concentrates production from Panasqueria would be locked into a 12-month fixed price contract of US$280/mtu, equivalent to an ammonium paratungstate (APT) price of US$358/mtu when applying a 22% discount factor. APT is a key tungsten intermediate product and typically used as the benchmark for concentrates pricing.

Almonty had previously entered into several 12-month fixed price contracts for tungsten concentrates in 2017, including 100% of material at Panasqueria contracted for US$210/mtu (equivalent to US$269/mtu of APT) and 80% of output from its Los Santos mine in Spain fixed at a contract price of US$192.50/mtu (equivalent to US$247/mtu)

[rodrod1] 14/2/2018 18:34

Well said Vince. The latest Wolf report is also bullish on tungsten price
Biggest thing for WRES is it's very low cost of production compared to any peers. Next is the quality that they can supply. Then the fact that it's a safe stable place to buy from.

Wres has only drilled a fraction of its licence area. And it has Regua and not just la Parrilla. The gold and copper interests are not now likely to be floated off imo.....that was a source of funding if a loan was not forthcoming.

I'm very happy with my long term investment decision. I've no idea about trading !

[luckyvince] 14/2/2018 18:01

Don't forget guys, the price of Tungsten concentrate fell from $49 us/kilo in December 13 to a low of $22 per kilo in December 15. Since then it has been on the rise but is still only $30.3 per kilo today. It can rise another 50% yet.
Here are some facts;
Many countries believe there will not be enough Tungsten to run all the electric vehicles the world is planning to switch over to.
In the last 12 years, China,has gone from being the worlds largest exporter of Tungsten concentrate to being the worlds largest consumer of the product. And thats not going to fall.
India needs to buy as much Tungsten concentrate as it can get its hands on if its future plans are going to succeed. It currently needs 250 to 300 tons , most of which has to be imported. It is looking to China and Vietnam to feed its growing needs.
The Democratic republic of Congo is Tungsten rich but is one of the most dangerous places to mine in the world.
I am not saying there is not enough Tungsten to go around at the moment, but unless someone decides to flood the market, i cant see the price falling.

[ducatiman] 14/2/2018 17:42

Holding, GLA,duc.

[marvelman] 14/2/2018 12:46

Denjon

Its the orders being filled that will fill the gap which we will not be privy to. Certainly the demand looks strong. For what its worth I am back in at 62.5 as it looks as if this has legs. Regards.

[denjon] 14/2/2018 11:49

If the buy/sells are to be believed, sells are c5m or 7m (depending which market site you are looking at) more than buys with c6m unclassified. Yet the share price looks very resilient in the face of the apparent sells volume. I know you can't trust the figures as a computer tries to decide which are buys and which are sells; nevertheless the buoyancy of the share price after such recent surges is impressive.

[rodrod1] 14/2/2018 10:36

Absolutely agree marvelman.

I wish I hadn't been investing here so long ago! But finally going to be rewarded it seems.

[marvelman] 14/2/2018 09:46

Rodrod

I have always respected your position and knowledge of the company and continue to do so. Your stance is of an investor for the long term and who can argue with that as at 60p plus from the mid 30's with gyrations in between proves that position. I am just on the sidelines for now and if I miss out then I won't feel too hard done by. Regards.

[rodrod1] 14/2/2018 09:33

Wres is heading for massive production. Money in bank from lender and grant confirmation will see a significant uplift at some point.
Short term trading will work for some. I have been invested here a long time. I increased my position, along with others whilst Wres was languishing. I will sit back now and watch Wres rerate.