W Resources Share Discussion Threads

[sleveen] 05/4/2018 09:24

Indeed.

Safe to go back into the water now the placing's out of the way.

I'm a buyer.

[marvelman] 05/4/2018 09:05

Well Rod, what have I and Sleveen being saying would happen....Masterman strikes again as he will again and again...all the signs were rhere in the recent price action. You really could not make it up.

[bscuit] 03/4/2018 17:44

It was really a Reach News item- not an RNS, but Nomad will have controlled the choice.

[bscuit] 03/4/2018 17:44

It was really a Reach News item- not an RNS, but Nomad will have controlled the choice.

[tyranosaurus] 03/4/2018 13:16

Pointless RNS.
All jam tomorrow, or next year.

[barony] 03/4/2018 09:51

Great progress and the promise of a continuous stream of updates is terrific.

[cpap man] 03/4/2018 08:08

Another smashing RNS out from WRES

[rodrod1] 29/3/2018 22:18

Vox podcast today with MM talking about Grant etc

[rodrod1] 28/3/2018 11:28

You need to listen to recent podcasts.
Regua is moving in tandem with LP. Both mines are fully funded through to production.

As regards copper and gold, MM also said that Wres will progress with those assets in 2019. I doubt very much that they would be floated off until resource numbers significantly enhanced further

[tyranosaurus] 28/3/2018 11:28

Well that was a damp squid.
Price back down already.
Looks like being in the Doldrums for some time.

[bscuit] 28/3/2018 11:24

Curious heard nothing about de-merger and nothing about gold and little about Regua for some time. With La Parilla infrastructure sorted perhaps MM can switch focus to them.

[2magpies] 28/3/2018 10:17

Looks like someone wants out, or can't be bothered to wait.

[barony] 28/3/2018 09:44

We get granted €5M, fully endorsing our strategy, just like the Blackrock loan, and here we stand with no increase in share price Wtf?

[barony] 28/3/2018 09:28

Great news and well done to the Spanish management team.

[rodrod1] 28/3/2018 08:08

This is significant news. It reinforces the mining plan as approved by Blackrock.

[cpap man] 28/3/2018 07:49

LOL always nego on WRES - next post i guess will be that they need to do a placing!?!?!

[sleveen] 28/3/2018 07:48

Good news longer term, but it does not help cash resources in the short term ie within 1 year.

[cpap man] 28/3/2018 07:38

28 March 2018



W Resources Plc

("W" or the "Company")



€5.3m Grant Awarded for Development at La Parrilla



W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is delighted to announce that its 100% owned subsidiary, Iberian Resources Spain SL ("IRS") has been awarded a grant of €5,322,970 (the "Grant") by the Junta de Extremadura Government for the La Parrilla tungsten and tin project located in Spain.

W has been formally awarded €5.3m of grant funds, which equates to 32% (at the upper-end range) of the €16.6m plant and facilities package that qualified for grant contribution.

The Grant will be paid by the Junta de Extremadura Government to IRS once the fulfilment of all conditions (including the completion of the plant and facilities and meeting the target employment levels), as outlined in the application, have been verified in an audit by the Junta de Extremadura Government. The conditions of the Grant need to be fulfilled by 14 March 2020.

Michael Masterman, Chairman of W Resources commented: "We are delighted to have reached this milestone of the award of a €5.3m grant for La Parrilla from the Junta de Extremadura, which remains a strong supporter of the La Parrilla mine development. We are very honoured to have now concluded the process for this important grant. The success of our application is testament to the relationship and hard work from our Country Manager, Fernando de la Fuente and Mining and Government Director, Celestino Parejo. Fernando and Celestino are on the ground and have built great local relationships, which further strengthen our exciting world class low-cost La Parrilla tungsten and tin mine development.

"The provision of a grant for such a large proportion of our La Parrilla mine development is very positive and contributes further to our strong funding position. Importantly, the award of the grant funds strongly align the Junta de Extremadura Government with the success of the La Parrilla project and we are very appreciative of their support."

The award of the Grant, combined with the recent US$35m loan facility from Blackrock underpins the advancement of the Company, in particular for the development of La Parrilla, which once fully developed will be the largest tungsten mine in Europe.

[sleveen] 23/3/2018 20:27

No

More likely to be Q2 or Q3 2019

[jaf1948] 20/3/2018 17:26

LOL, but it is perhaps unwise to put too much faith into what MM says especially where time scales are concerned.

Edit:
People on another board are talking about production in 2018 but the February 16th RNS clearly states 'As outlined, the timetable to deliver the project is 12 months from the close of financing which moves the Company into production in Q1 2019.' Have I missed something ?

[sleveen] 20/3/2018 17:06

that'll be a placing.

[rodrod1] 19/3/2018 22:03

Fully funded for 2 Tungsten mines by Blackrock is quite stunning news.
Grant news due now
The new Crusher gets delivered April I think
What's happening with gold and copper mine

MM did say though that need would be thick and fast so tomorrow would be a good day to bring on next item lol

[jaf1948] 19/3/2018 16:22

A bad day everywhere but WRES is certainly unloved at the moment. All it needs is some good RNSs but alas they are not forthcoming yet.