W Resources Share Discussion Threads

[plat hunter] 28/2/2019 09:56

I was under the impression that's revenue and was another negative here.. No one knows what the final saleable grade will be and how much it will cost to achieve it.

[jaf1948] 28/2/2019 09:13

goldrush,

Most appreciated, thank you.

If you have a chance, there is a question I have: MM keeps mentioning $3m per month for LP - is it revenue, profit, EBITDA or what ?

[goldrush] 28/2/2019 09:08

Masterman presenting at Proactive tonight. I will update tomorrow on how he performs. If I get a chance I will ask him if there are any major delays and put this question to bed once and for all.

[rookie666] 27/2/2019 22:20

Please do! I want back in!!!

[plat hunter] 27/2/2019 12:24

Krypton.

I know what all your other accounts are if you don't behave yourself, I'll take this down to .40

[plat hunter] 26/2/2019 17:29

That looks pretty decent to be fair Sleeven. I might punt a few quid only if I can get it at this price before the concentrator is built. Fully prepared to possibly miss the boat as well though.

Like being a neutral at a football match it's sometimes more interesting, if you have a couple of quid on.

[rookie666] 26/2/2019 17:14

Lets stop with the hostilities please!!...Plat asked a genuine question about VAST as he knew that I had took a gamble and bought some (having sold a portion of my WRES shares in the process). Still on topic, re debt situation, they're in negotiations with their £3.4Million creditor so not sure when the next payment will be made....
...OK back to WRES, Whilst I have been impressed with the construction phase etc, there must be a reason why the share price hasn't yet taken off (because they are now in production!). Those in the know obviously have intel that we don't. And given that the likes of Wolf Minerals went bust, best not to count our chickens yet, even if all plant is installed. I'm cautiously optimistic but have been taken in too many times by CEO's and their marketing campaigns. The biggest lesson I've learned on AIM is to take profits on spikes and buy back when shares fall....done me good with MATD!!!

[sleveen] 26/2/2019 16:20

PH

Good call, I bought a few today.


Jig now mostly built?

[sleveen] 26/2/2019 16:15

Jig now mostly built?

[plat hunter] 26/2/2019 14:23

I was having a look at VAST and it seems an odd one.. It has good assets but the debt repayments are the immediate issue. There'll probably be a dilution event similar to the last to cover the next repayment.

I also suspect it might get aggressively pumped once the next repayment has been squared away. when is the next repayment date, do you know?

[plat hunter] 26/2/2019 12:50

Someone here was right then lol

[rookie666] 26/2/2019 12:44

Absolutely dreadful! All I can say is that I've lowered my cost average but down massively. I need 0.27p to break even. This hangs in the balance. I think they'll survive but will need to consolidate shares.
....I was hoping to buy them on the cheap, sell on the rebound and buy back the WRES shares that I traded. Muppet I know!!!!

[plat hunter] 26/2/2019 12:38

How you been getting on with Vast?

[plat hunter] 26/2/2019 12:38

Not yet Rookie.. I've been very disappointed with the slap dash approach of the build timescales and Masterman claiming little victories of certain stages being early when they weren't and then going very quite when there's obvious delays. It isn't professional and is more the behaviour of YTS than it is of a PLC listed Director

You are right though this is definite support now and will more than likely bounce back to .60 on confirmation of the concentrator being commissioned.
that siad, I do think Masterman is gambling on future T prices and by trying to double the life of the mine with this plant.

Personally, I'd like to see what the production numbers and grades are after the fine T has been extracted before I think of buying here.

[rookie666] 26/2/2019 12:28

BTW this is now on the 'support' trend line that I've had plotted for some time. Will it dip into the 0.3p price range now or is this the bottom?

[rookie666] 26/2/2019 12:24

yep quite funny Plat, I remember you getting some serious stick for suggesting share price will fall to this level.....but are you now gonna buy?

[plat hunter] 25/2/2019 11:34

Krypton said this would never hit .45 on the bid.If this keeps up we'll get .45 on the offer.Lolzz

[plat hunter] 22/2/2019 13:56

Good luck to you Denjon, hope it works out for you

[denjon] 22/2/2019 13:43

If anyone is seriously worried about the concentrator they can always contact the company. Whether they will get a response is another matter. I am not bothered about the delay and don't see it as a significant problem considering the size of the project. I am fortunate having bought low, including some averaging down, to be in profit. Aim companies are a bit problematic. Some you win some you lose. Patience is absolutely necessary. This year has good indications of being a positive one.

[plat hunter] 22/2/2019 12:52

5 weeks until fine Tungsten is scheduled for production but still the Concentrator is not on site yet.Is it even on the boat yet?Fine T won't be produced until Q4 now if you're lucky.Don't worry though I'm sure it won't cost shareholders a penny though as 9 months of delays were probably worked into the float lol

[plat hunter] 21/2/2019 14:54

Boring...This should atleast bounce to .50 on the BID as soon as there's a positive update on the concentrator.So there's that to look forward too.