W Resources Share Discussion Threads

[marvelman] 31/5/2018 13:50

Masterman doing the rounds again,SP on another descent...all the usual signs of yet another fund raise for something else he has Dreamnt up...he just can’t help himself....insiders will no doubt confirm they have bought in at another “bargain”; price and those bargains just keep coming

[jaf1948] 23/5/2018 18:00

sleveen,

Thanks - I like your explanation !

[sleveen] 23/5/2018 17:59

fair point mogwhy.

[sleveen] 23/5/2018 17:59

duplicate post.

[mogwhy] 23/5/2018 17:56

sleveen - although concentrate is around 80% of the APT price,
the tin credits we'll get will effectively cancel out that discount.

[sleveen] 23/5/2018 17:51

The figures have been (lazily) grossed up.

[jaf1948] 23/5/2018 17:39

sleveen,

I am now totally confused (which is not hard) ! I know slide 19 says Net Revenue and slide 20 says Gross Revenue, but surely EBITDA is EBITDA (earnings before interest, taxes, depreciation, and amortization). How can a company quote two different EBITDA figures ?

[sleveen] 23/5/2018 17:27

The APT price is now around $330/MTU rather than the $245-260/MTU used for 2019-2020 projections.

Note WRES will receive around a 20% discount to APT price as concentrate 65% is to be produced.

[sleveen] 23/5/2018 17:18

August 2017 presentation can be found at:




Easy to find via Google search.

[sleveen] 23/5/2018 17:15

JAF1948
18 May '18 - 09:36 - 11988 of 11992
Apart from the facts that the EBITDA figures differ between slides 19 and 20,


Easily explained: slide 19 being NET revenue (after royalties) and slide 20 using GROSS revenue...but agree should keep to the same basis between slides.

That distinction is also made in the August 2017 presentation.

[nateroyd] 23/5/2018 16:27

Bring out the trumpet it's moved......Lol

[scrappycat] 23/5/2018 11:52

Thanks JAF. I hadn't checked, but still loads of buys in the very high 0.4's and 0.5.

[jaf1948] 23/5/2018 10:46

It is a bit misleading. All the 0.493 transactions are sells but being shown as buys (I checked that by trying a dummy sell myself).

[scrappycat] 23/5/2018 10:44

There must surely be a big sell waiting in the wings, for the MMs to accept the many millions of buys over the last few days without raising the price.

[jaf1948] 18/5/2018 09:36

Apart from the facts that the EBITDA figures differ between slides 19 and 20, and the net profit slide from the August 2017 presentation has conveniently disappeared from the new presentation.

[barony] 18/5/2018 09:20

Great presentation.

[2magpies] 17/5/2018 19:19

coocoocachoo!

[mrs robinson] 17/5/2018 14:53

Small top upDon't think many left at 0.5

[nateroyd] 16/5/2018 18:50

More chat on LSE chat room.

[2magpies] 16/5/2018 09:25

Perhaps the bona vacantia shares are being dripped into the market???

Also, I would be surprised if Blackrock had not noticed (during their due diligence)that one of the big holders had actually been dissolved by Companies House.

From what I can see, Hansources was dissolved almost two years ago.

[nateroyd] 16/5/2018 08:40

Drop the price, then some people buy 5 million shares in a nano second.Interesting.... Are they loading up?

[nateroyd] 10/5/2018 15:07

Or the MMs camp

[nateroyd] 10/5/2018 13:33

Something happening in the Wres camp....

[sleveen] 10/5/2018 12:28

Good news on the way???