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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
W Resources Plc | LSE:WRES | London | Ordinary Share | GB00BKQN5R41 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.65 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
23/8/2018 18:57 | Barony "When can I buy more"... Whenever you wan't ther's no shortage of sellers here, you'll get a match no problem You buying some tomorrow then | plat hunter | |
23/8/2018 18:37 | 27th June statement :- Michael Masterman, Chairman of W Resources commented: “With La Parrilla project finance in place and the engineering and procurement preparation at an advanced stage, on site construction is underway and we expect to complete construction of both the crusher and the jig & mill in the December quarter. We are in the strongest financial position we have ever been in with €17m cash at bank and tracking strongly to revenue and profits in 2019.” Good enough for me to look forward to a great return and, when I can, buy more. Do your own thing. | barony | |
23/8/2018 15:17 | Tangible as in plant for starters....This BB is full of pent up frustration!!! Don't get me wrong I think its great that we hearing two sides to an argument but lets not k ill each other!!!! | rookie666 | |
23/8/2018 12:22 | Jaf... "If the company and blackrock have done their sums correctly" I prefer to rely on my own calculations before i give it to people with biast or conflicted motivations. Each to their own though.. Good luck.. Who know's i might one day be as bullish as you but i can't see that for at least 2 years | plat hunter | |
23/8/2018 12:19 | JAF.. Under water and deperate then...How are you correcting factual statements with if's, buts and expections.A fool and his money...The facts are.. no production, no cashflow, increased debt and an increasing cash burnMinimum 2 years from any meaningful production and the share price reflects that.. albeit on the expensive side too. | plat hunter | |
23/8/2018 10:42 | Sleveen,As I have said, I am very sceptical about WRES and regard it, at this point, as a punt. You may well be right about net debt but if the company (and Blackrock) have done their sums correctly, AND production starts at or around the planned time in 2019, then the debt, if any, should not be a problem. | jaf1948 | |
23/8/2018 10:37 | JAF1948 WRES may well have E17m in the bank but what's the debt? Was a net cash or net debt figure given? I strongly expect a net debt figure to be in the 2018 accounts once the cash has been spent on plant build out etc. | sleveen | |
23/8/2018 10:32 | Plat Hunter, Your posts are full of unsupported allegations which, when asked to support, you decline. I have no intention in entering into a discussion with you and will only answer your posts to correct them. | jaf1948 | |
23/8/2018 10:28 | JAF1948 I have 18,500 in the bank but only 3,000 of it is mine>>> Can i ask what your average is here and what's your weighting? Personal i know and I understand it if you don't want to disclose it. But I don't hold anything here and wouldn't buy at anything over 0.35 so that's my position... Why are you so defensive and aggressive, are you already underwater and looking for an exit or hoping that your posts here will be enough to garner enough liquidity to push the price higher? | plat hunter | |
23/8/2018 09:20 | Plat Hunter, 'This company has no cash and that's a fact'. I have very little time for Michael Masterman but since he wrote in the June 25th 2018 that WRES has 17m euros in the bank, you are effectively calling him a liar which is libellous. | jaf1948 | |
23/8/2018 09:18 | What other firms are WRES cheaper than? Tangible is something you can physically hold.. If you're not producing, you have nothing of tangible nature. | plat hunter | |
22/8/2018 23:08 | I still think Wres are cheap versus other firms as they have a tangible mine being built. As an example, whilst thr looks promising, why is wres only twice its market cap when 'fully funded' and near to production? ... Also, surely the fact that the likes of Blackrock have bought in must count for something. They're no mugs and have done their due diligence. Other than some catastrophic incident I don't see the share price going lower for the foreseeable future... Let's not forget that mm is heavily invested in wres himself which is a very good thing to see. So we can agree to disagree here re entry price. I'm already in and sitting back. Does that mean that I think they won't try doing another placing at some point? No, I think it will happen but mm is wise enough to let the share price move higher before doing so. | rookie666 | |
22/8/2018 20:50 | JAF there's lots of people with no money who go by what they're told and what they can expect. If expected was the same as guaranteed do you not think the share price would be considerably higher or do you think everything is priced in as it stands. You'll also not be expecting an increases in share price when production comes on line because it was already expected. Fools | plat hunter | |
22/8/2018 11:43 | Plat Hunter, There is no one more cynical than I am about WRES as you would see if you read my posts on here and on the LSE board. However, some of your comments go beyond anything I would post. 'Grant is expected, production is expected...It's all expected.' Preparation for production could not start until WRES had the money from Blackrock. Unlike Harry Potter, you cannot just wave a magic wand and lo and behold, you are in production. We have been told that everything is currently on schedule - do you know something different to that ? 'if the grant doesn't come this company is practically insolvent without a further placing'. In an RNS on June 27th, the company said they had 17m Euros in the bank. Please explain your calculations. 'WRES has cash burn outside of project development'. There is still some exploration being made and that is currently paid for. Further exploration is planned to be funded from the output of La Parrilla. If LP is late, then the further exploration can be delayed. Please detail where the other cash burn is. You were called a troll because you come up with statements that are not supported. Perhaps if you answer my points, you may be looked at differently. | jaf1948 | |
22/8/2018 10:05 | Mogwhy, WRES has cash burn outside of project development and the drawdown facility provided by BlackRock explicitly prohibit it's use for anything but approved project costs. Grant is expected, production is expected...It's all expected.. if the grant doesn't come this company is practically insolvent without a further placing, no matter how much assets are in the ground. penny in the hand is worth 10 that are in the ground. FACT I have cash to play with whilst i wait and those who invested are tied up and waiting. In the immortal words of Robbie Burns.. "There is nothing more uncertain than that thing that is certain" Calling someone with an opposing view a troll, says much much more about you and your motivations here. I've encountered many characters like you and they are always in desperate and distressed assets looking for an exit. Your comments are a welcome sign and go some way to confirming my own suspicions about this company | plat hunter | |
22/8/2018 09:38 | Those that have done their research will know that the La Parrilla project has been fully funded by BlackRock through to production. In fact BlackRock lent them $5m extra over what was anticipated to be required. On top of that, serious investors will also know that WRES have a 5.3m Euro grant which is expected to be awarded next year when the grant conditions are met. Research will also show that Michael Masterman was quoted as saying "no more dilution" at the last AGM. Ignorant trolls won't know any of this ;-) | mogwhy | |
21/8/2018 23:02 | Do what mogwhy says.. Keep listening to him who says buy and definitely completely ignore those who say, wait a little while you can get it cheaper. this is not one to invest heavily in.. they'll be lots of placings here. The drawdown facility isn't going to cover cash burn during the build and ramp up phase. | plat hunter | |
21/8/2018 22:57 | rookie666, is it very cheap? What is it very cheap compared too? WRES isn't producing, it isn't wort h anything if it isn't producing. Go and look what happened to BMR. Loads of people there thought it was cheap when it wasn't producing and they've lost the lot. | plat hunter | |
21/8/2018 19:06 | Nice one rookie666. I averaged in over the last year at 0.35 Don't worry about the number of shares in issue, look at the market cap. and debt level compared with other tungsten miners and developers. Should get some gold news soon as well as ongoing construction news at La Parrilla. ps. please don't engage with the trolls. | mogwhy | |
21/8/2018 17:56 | I completely fluked it and got most of my shares at around 0.25p (about the only time I've been right when buying on the down). Unfortunately, due to constrained finances I haven't been able to buy for a while now. However, at the price its currently at I feel it is still very cheap, despite the number of shares in existence. Next opportunity I get, I'll definitely top up....They have something tangible coming together here.... | rookie666 | |
21/8/2018 16:00 | I've been saying 0.35 as my entry here for a long time, i am anything but 'Just Turned Up' Equally, it's always a bad sign when the spread is narrow and people are shouting buy | plat hunter | |
21/8/2018 15:30 | Lol, always a good sign when a troll turns up. Exciting 6 months ahead for investors here. Anyone new to WRES could do worse than start here | mogwhy | |
21/8/2018 15:10 | Yes it's certainly good too see that positive cash flow is still 2-3 years away from this point. I'm personally waiting for an entry point here but considering the timeline to positive cash flow, i'm happy sit back and wait. | plat hunter |
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