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[plat hunter] 13/2/2019 20:41

And he still bought it, can't say he didn't get prior warning lol

[kryptonsnake] 13/2/2019 19:39

Sleveen,

Plat was deramping here long before I got involved with WRES

When it comes to Jubilee I only post facts, you can't say the same for him, he lies and twists things all the time the slippery sausage

[sleveen] 13/2/2019 18:00

Point taken it's 4-6 weeks later than scheduled.
Project timelines slip in most cases. Take a look at MLT for a real delay disaster.

I predicted the last placing to within 2 months based on the interim figures. I'm not expecting a further placing ( the FY accounts when published in May, may alter that opinion)

[plat hunter] 13/2/2019 17:52

Sept 17th RNs"The crusher and jig & mill are on schedule for construction completion in Q4 2018 with concentrator completion in Q1 2019"Jig still isn't constructed and the concentrator isn't on site yet. So anyone stating that there isn't any delays and is calling me out as a liar for it, needs to take a bloody good look at themselves.

[plat hunter] 13/2/2019 17:44

On my phone now.. predictive textFine tungsten of course lol.Sept RNS states end of Q1 for concentrator with ramp up through q2

[sleveen] 13/2/2019 17:43

As a wise man once said " two wrongs don't make a right".

[sleveen] 13/2/2019 17:42

processing fine chrome by end of Q1 2019.....JLP?


Concentrator to be built Q2 and commissioned and then production end Q2 allegedly.

[plat hunter] 13/2/2019 17:38

Jaff's calling me a liar but won't commit whether the concentrator will be built and processing fine chrome by end of Q1 2019 as per the RNS's that he is so commuted to standing by.How about it Jaff.. will wres be producing fine chrome in 6 weeks time or are there delays over the quoted timescales issued in the RNS?

[sleveen] 13/2/2019 16:57

here's a suggestion:

Krypton stop doing the same thing on the Undertaker JLP site and PH stop on this WRES site.

[jaf1948] 13/2/2019 16:53

Yes, Krypton, I shouldn't have kept taking the bait.

WRES may or may not turn out to be a good investment, but a poster like that doesn't help anyone evaluate their investment decisions.

[jaf1948] 13/2/2019 16:35

I'm sorry, Plat. You lied about the concentrator not being on site, you've called Masterman a 'con-man' and you've called me many things including 'stupid' and an 'idiot'. Your comments are never backed up by verifiable RNSs, just vague references to go and read something which you never quote verbatim.

With all this taken into account, you do not add any value to my knowledge of WRES so reluctantly I am going to filter you.

[mrs robinson] 13/2/2019 16:33

Some of us are here to investSome of us are paid to be here

[plat hunter] 13/2/2019 16:29

JAf you're not happy to discuss, you're an idiot who keeps banding around the liar card to anyone who posts things you don't like the sound of.

Everything I've said here about the cash, debt and delays is all factual and easily verifiable. If you're not stupid then you're trying to purposefully mislead people.

[plat hunter] 13/2/2019 16:19

JAF are you really that stupid that your education and day to day learning ceased when you left school and is purely limited to what people tell you?

[jaf1948] 13/2/2019 15:58

Since I am not a member of the board at WRES, I cannot 'stand by' what someone else has said. The presentation released last week says Jig commissioning and completion 1Q 2019; concentrator completion April 2019 and large scale production from 2Q 2019. Until I am officially told of a change, that is what I am using.

However, I am not currently going to sell my shares based on your mixture of innuendo, half-truths and lies. But I'll do a deal with you. If you are so concerned about slippage of dates, you can do my worrying for me.

[plat hunter] 13/2/2019 15:03

Jaff.. so you're standing by that the concentrator will be fitted and operational for the first lot of fine tungson by end of Q1 2019 then?

blind man

[jaf1948] 13/2/2019 14:41

The latest RNS says nothing about a current delay. If there is a delay that can affect the financial position of a company, that company is obliged to inform the market.
WRES has not done so. So there is either no delay or a a delay that is not affecting the financial situation, so is of no major concern.

However, since your actual words to describe MM were 'he's a con man'(01/02/19 12:31), you don't believe anything the company says anyway.

[plat hunter] 13/2/2019 14:07

"No evidence to support the plant delay" are you blind?

you need to get out your calculator and calendar Jaff and go over a few RNS's.

You have got it completely wrong here, or perhaps your bank balance can prove me wrong lol

[jaf1948] 13/2/2019 14:03

Let's look at your facts:

Debt to assets ratios here is 137% versus the industry average of 43%.

On what date ? If you are comparing it with the industry average for companies in production, then it is currently meaningless.

Plant build is delayed

No evidence to support that statement. The last RNS on February 5th 2019 only mentioned 'Jig Plant construction has accelerated following some initial delays'. It said nothing about the plant build being currently delayed.

Plant capacity is half what it needs to be for the numbers quoted and bandied around
here.

Again, numbers please to support why you are right and why the qualified engineers on site and Blackrock have got it wrong.

WRES's survival wholly dependent on favorable Tungsten prices.

Define 'favourable tungsten prices'. If production costs are $94 / mtu when full production is reached (and you don't know any more than I do whether that will be the case), then any tungsten price about $200 / mtu will give considerable profits.

You come up with bland and misleading statements which you hope, if repeated enough, will come to be accepted. That will not happen.

[plat hunter] 13/2/2019 13:47

BlackRock essentially own this outfit by virtue of a mortgage.

They don't care how this performs so long as they get paid first and it's going to be at all the PI's expense

[plat hunter] 13/2/2019 13:45

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Of course i understand the difference JAF.. That's why I haven't lumped in and hoped for the best like you and many others here have..

Some facts for then you JAF..

*Debt to assets ratios here is 137% versus the industry average of 43%
*Plant build is delayed
*Plant capacity is half what it needs to be for the numbers quoted and bandied around
here
*WRES's survival wholly dependent on favorable Tungsten prices


At least Rookie had the foresight of selling into the last ramp to go and play elsewhere.
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