W Resources Share Discussion Threads

[plat hunter] 21/2/2019 00:12

Fingers crossed for another exciting day of the spread being moved around.

[plat hunter] 19/2/2019 17:42

You should top up then Jaf, surely all these people who aren't as insightful as you are clearly brining you an opportunity to get richer.Top up, do it... Put a few more G's in there, go on.. it's only the kiddies future.

[plat hunter] 19/2/2019 17:39

Jaf you're making yourself look like a troll at best or stupid at worst.You're grasping at straws

[plat hunter] 19/2/2019 17:36

Wahoo... decent top up opportunity here now after that drop.Get on board throw some more money at it Lols

[jaf1948] 19/2/2019 17:30

We are not talking about delays - we are talking about 'problems'. Your post said:

'Plat Hunter 19 Feb '19 - 17:09 - 298 of 304
Wowsers... nothing says problems with a build, quite like a 6% drop

Plat, you are not worth the effort since you feel the need to lie about a company that you are not even invested in. You know of no problems - there was one reported delay and as yet no reported problems.

Yet again, I made the mistake of trying to have a discussion with you.

[plat hunter] 19/2/2019 17:29

If you cut and paste the September and December RNS here JAF and I'll talk you over the problem so an infant can understand it.I had assumed that you was choosing to ignore whats been postedbherebalready but i see you're just plain stupid.Others here have since agreed that if we live and swear by RNS material then there is in fact a delay with the build. What is your problem If it isn't stupidity.Perhaps you don't read historic posts before you comment?

[plat hunter] 19/2/2019 17:25

Jaf you keep asking for evidence of the delays.It's been posted several times..The fact that you keep ignoring it is evidence of you ramping a cause. Well i'm assuming that your ignoring it on purpose

[jaf1948] 19/2/2019 17:24

I will ask you one last time: Evidence for current 'problems' please.

If you do not provide any, I will report you to ADVFN for posting deliberately misleading information (a.k.a. lies).

[plat hunter] 19/2/2019 17:22

Not to mention those 300 and odd million of warrants which can be excersised at any point on a cashless basis.They've already diluted shareholders by 5% but if the share price drops off by 50% since they were issued then BlackRock exchange them on a cashless basis priced at the date of issuance, so that 5% suddenly becomes 10% dilution.Plus you have than have to pay back 30 million plus interest.Then you have to develop Portugal, I mean realistically when are the investors planning on getting paid?

[plat hunter] 19/2/2019 17:17

Jaf you are a ramper, you're still denying that there's a delay or issue with the plant.WRES has found it's perpetual trading range 0.4 - 0.5Only share price movements here for people to shout about will be pump and dump efforts. This company has been set up, funded and brought to production in exactly the same way as Mastermans last effort and people are starting to realise.

[jaf1948] 19/2/2019 17:13

Been away all day on a half-term treat ?

Evidence for current 'problems' please. Please don't give me the circular logic that the share price has fallen so there must be problems because the share price has fallen etc.

[plat hunter] 19/2/2019 17:09

Wowsers... nothing says problems with a build, quite like a 6% drop

[jaf1948] 19/2/2019 16:56

Don't think so. Unfortunately there is a bit of 'chickens coming home to roost' here. Due to his 'previous' that I mentioned yesterday, when there is any lack of news, the worst is usually assumed. Today looked like lots of small panic sells from people who have probably over-invested here.

I have been posting for over 5 years now that WRES is a good prospect but it needs to be approached with a bit of caution. The acolytes of Michael Masterman on the LSE board didn't like that message so I stopped posting there. The irony is Plat thinks I am a ramper !

[kryptonsnake] 19/2/2019 16:46

MM's playing games today

[mrs robinson] 18/2/2019 16:20

Asx:PVEToday around $. 04 5 years ago around $. 04

[jaf1948] 18/2/2019 14:24

No one denies that Masterman has ‘previous̵7;. That, along with the collapse of WLFE are, I believe, the two biggest factors that are holding the WRES share price down.

If it wasn’t for the JORC, the Blackrock financing and the advanced state of plant building at LP, amongst other things, I would probably still have little trust in Masterman either !

[plat hunter] 18/2/2019 14:04

This is another PO Valley company..

Founder Masterman
Portfolio of Assets that need developing, funded through masses and masses of dilution and leveraged debt and in another PIG country too.


Sound familiar at all. go and check it out and their impressive share price performance.

[jaf1948] 18/2/2019 14:02

So it comes down to two choices. Either there are or are not delays which are not significant to the overall 2019 financial plan or Masterman is lying to the market.

Again, I'll go with the former. If you understand the concept of abrogation, you will understand that the February 2019 RNS supersedes and abrogates the previous ones. There are RNSs in 2015 that talk about production in 2016 (which, incidentally did happen for a short while) - they are no longer relevant either.

Now where is the evidence for CURRENT delays ?

P.S. 'no one even knows if the concentrator is even on the boat yet'. RNS Feb 2019 'The bulk of the equipment for the Concentrator including the shaking tables are on site' so clearly no-one knows what is going on.

[plat hunter] 18/2/2019 13:53

Jaff you need to read the September and December RNS's

I've copied and pasted it enough time, It's in Black and white, how can you not see that they contradict each other.

no one even knows if the concentrator is even on the boat yet.

[jaf1948] 18/2/2019 13:50

Perhaps you are now believing your own posts.

The ONLY mention of a delay is in the last RNS dated February 5th 2019. It said 'Jig Plant construction has accelerated following some initial delays in receipt of fabricated steel'.

From that, you have concocted a narrative of 'plant delays' and whether they've been fixed or what if any will the impact be, based on absolutely no news of delays.

The company by law is obliged to tell the market of any matters that could affect the financial situation of the company. You, of course, can say anything you like. As ever, please supply some evidence to support your knowledge of 'plant delays'.

[plat hunter] 18/2/2019 13:43

JAF, you're stupidity paired with your ignorance is nothing short of blissful irony.

The problem is not how much, the problem as you've so eloquently put it, the uncertainty of the outcome.

There' been no mention of what the delays are, how they've been fixed or what if any will the impact be.

Because there's such an unknown as you've put it then that strongly suggests the problem isn't fixed and they don't know how long it will take or cost.

Like everything here, Jaf "in the presentation" is a little wishy washy.. It seems to me that Masterman has a bigger problem than he's letting on and he doesn't hold much respect for the investors

[jaf1948] 18/2/2019 13:36

You still don't really understand. Yes, the February presentation shows Concentrator completion is April 2019, so how much does that affect the 2019 financials ? is it $1 ? Is it $10,000,000 ? Is it some figure in the middle or has it no affect at all.

If you can tell me the effect of these 'plant delays' then that is useful information. All you currently provide is innuendo.

[plat hunter] 18/2/2019 12:59

You're a clown then Jaf... There's no way WRES will be putting feed through the concentrator by the end of March.

[jaf1948] 18/2/2019 12:36

You tell me it is. Masterman says it is on schedule in his latest videos. I will go with the latter.

Since you do not understand the concepts of critical path analysis and the significance of 'float', any discussion on this topic with you is meaningless.

I'll try to explain it in simple terms. One or more parts of the plant build may well be running late but if there is another task running concurrently with it that is more critical to the overall project, there may well be some slack (or 'float' as it is called) built into the other tasks that will allow them to catch up without compromising or delaying the overall project.

[plat hunter] 18/2/2019 12:33

Real opposition.. Is the plant build delayed or not Jaf?