W Resources Share Discussion Threads

[barony] 09/4/2019 11:10

Expecting production update, or equipment completion?

[plat hunter] 09/4/2019 09:33

No, i was holding years before that spike lol

[sleveen] 09/4/2019 09:09

Cheers.

I hope you weren't impaled on that cadence spike?

[plat hunter] 09/4/2019 09:02

Anything's worth a punt providing you can afford to lose.

I've said all along that they'll be an share price ramp as project stages near completion but I don't think it will last, far too much needs financing following la parilla.

Doubtful they'll be access to another BlackRock loan in the short to medium term, so it'll either be earnings getting rolled up or a placing for portugal. I've always stated that earnings here are over estimated too, so i think it will be a long slog of ramping positive earnings but not actually getting anywhere..

We shall see though, no one can be right all of the time so good luck if you're holding.

[sleveen] 09/4/2019 08:56

I've a feeling that the next RNS stating the jig&mill are in service with the concentrate well on its way to build completion could propel the share price towards 0.6p or higher.

Might be worth a punt?

[denjon] 09/4/2019 08:55

A worrying rise! What's gone wrong?

[cpap man] 09/4/2019 08:50

Whoosh!!!!

[plat hunter] 09/4/2019 08:48

Every bit of news here has been a morning pump followed by an arvo dump.. Lets see if it holds and can be built on.

[rodrod1] 09/4/2019 08:41

Good to see some volume ahead of confirmation that Jig now commissioned and production rising as a result.

[sleveen] 09/4/2019 08:39

rookie666 I hope you didn't sell?

[plat hunter] 08/4/2019 19:36

I'm not ready for it yet though, might have to give it some bashing lol

[rookie666] 08/4/2019 17:59

Hi Plat, still suffering with VAST lol! I'm no expert but what I like about SML is the fact that they've been able to fund existing activities with the cash flow generated from Cobre magnetite mine.... A few years ago the share price got completely battered but anyone who managed to buy in at the bottom will have multi-bagged several times over. They have the copper project in Australia which should generated decent cash flow in the not too distant future and also have the Redmoor project here in UK (although they've been honest enough to state that this will require a JV). Hey, maybe I should take one for the team here and sell my remaining shares in WRES (might get the share price going!!!)

[plat hunter] 08/4/2019 17:03

How you doing Rookie, cheers for the heads, it's something I've been giving some thoughts into, hopefully it will stay sideways or there about from now until year end. Waiting to see if JLP finally multi bags first.

[rookie666] 08/4/2019 15:54

SML is a sore topic for me. Got bored with the sideways action whilst it was in the sub penny range. The moment I sold it it went up....Kind of like dating a lady that that turned hot the moment you dumped her (bad analogy I know)

Want back in but don't want to have to pay several thousand for the same slice that cost me a few hundred pounds a couple of years ago.

[plat hunter] 08/4/2019 14:07

Salaries there are huge I noticed, do you know if that's all PAYE or shares and options?

[sleveen] 08/4/2019 08:48

I did hold SML a year ago, but I thought a placing was in the offing. I still do until the accounts prove otherwise, they should be published soon.

[plat hunter] 07/4/2019 21:59

Sleeven,

Have you ever taken a look at SML?

[plat hunter] 06/4/2019 13:03

I used to live Horwich nr Bolton, right on the edge of the moors. It always rained there

[sleveen] 06/4/2019 12:54

Despite popular belief it doesn't always rain in Manchester.

[plat hunter] 06/4/2019 12:53

Glad you've got the weather for it.. I've been needing to dour lawns for last couple of weekend but the weather has so far scuppered my plans. I suppose you can't expect Kent to be called the 'Garden of England' without a bit of rain.

[sleveen] 06/4/2019 12:48

PH no its 65% concentrate @20t/month.

Once the jig is operational the small scale concentrator will be producing circa 40t/month.

I don't see why even MM would produce concentrate at a loss, it doesn't make commercial sense.


Gardening and a barbi later beckon.

[plat hunter] 06/4/2019 12:43

Mogwhy my mistake, i wasn't away that WRES were actually producing W concentrate and or implementing fine tungsten recovery.

Isn't it just ore that they have been producing and selling at an operational loss?

Genuine knowledge gap, if I'm wrong in the above assumption

[mogwhy] 06/4/2019 12:11

There are actually 2 concentrators at La Parrilla.
One is functional and processing.
The other is being constructed.

I wonder why Plat didn't know this.
Or perhaps he did.....

[jaf1948] 06/4/2019 11:35

Jig and concentrator: