W Resources Share Discussion Threads

[excellance] 17/4/2019 15:50

Silly not to, right?

[barony] 17/4/2019 15:45

Just bought a few more. Hence the price drop!

[excellance] 17/4/2019 15:44

These schedules are usually in stages, with a set window for each stage, but usually that allows a little slippage to be retrieved.

These guys appear to have a wealth of experience, but rule number one is never let shareholders down and provide full clarity.

If there is slippage of a week or two as alluded to on the proactive investors interview they will work around the clock to correct it.

I'm cautiously optomistic.

[sleveen] 17/4/2019 15:36

Not at all, I reckon we might see 1p IF the current timelines are held.

Note the big if.

[excellance] 17/4/2019 15:23

Not many fans of W on here then?
A few lost too much cash over the years?

[excellance] 17/4/2019 15:04

The only schedule that matters is the loan and interest repayment schedule.

No repayment in y1
Half repayment in y2
Full repayments after that.

[plat hunter] 17/4/2019 14:00

Paddyfool17 Apr '19 - 13:02 - 20 of 20
0 0 0
Its all about execution now.

----------------------------------------

It's already 3 months late lol

[paddyfool] 17/4/2019 13:02

Its all about execution now.

[excellance] 17/4/2019 11:07

Well, it does appear that W is maybe a little behind schedule, which is a shame because the share price was preparing to break out.

At 55 maybe a little ahead of the game.

So here we are, years of planning, raising cash, drilling, planning, borrowing, building...and W is now very close to delivering a return, or even starting loan repayments.

What are the risks now?

That commissioning goes horribly wrong?
That it doesn't work?
Workforce are useless?
Injuries and accidents?
Polluting the water?
Tungsten price?
Some unexpected legal challenge?

[plat hunter] 17/4/2019 09:47

It's no use Sleeven.

Make your money and just sit back and laugh at the fanatics who don't quite get what's going on.

I said months ago that this share price peaks in the AM on news and comes off back to where it started from, sometimes same the day or over a couple of weeks.

It's happened half a dozen times since I said yet they keep jumping up on down on intraday gains to try and rub my face in it, when it's still down on the whole with what should be good progress.

It's no wonder MM demonstrates contempt for shareholders intelligence.

[sleveen] 17/4/2019 09:31

So you reckon the WRES bod have been studying the JLP chart to guide their strategy - explains it all!

(well it explains your investment philosophy, any way, it seems)



------> I'm talking about the recent 20-30 % rise in the share price of both and profit taking in both. Rude not to.

[sleveen] 16/4/2019 17:21

what's more it will be proved correct too!

[2magpies] 16/4/2019 17:19

"sleveen
16 Apr '19 - 16:41 - 13 of 14
0 0 0
Looks like WRES may consolidate around 0.5p for a few weeks if JLP chart is anything to go by.

WRES chart is similar to JLP but is about 1 week behind JLP IMHO."


That's an invaluable, and astute observation.

Thanks.

So you reckon the WRES bod have been studying the JLP chart to guide their strategy - explains it all!

(well it explains your investment philosophy, any way, it seems)

[sleveen] 16/4/2019 16:41

Looks like WRES may consolidate around 0.5p for a few weeks if JLP chart is anything to go by.

WRES chart is similar to JLP but is about 1 week behind JLP IMHO.

[sleveen] 16/4/2019 16:41

Looks like WRES may consolidate around 0.5p for a few weeks if JLP chart is anything to go by.

WRES chart is similar to JLP but is about 1 week behind JLP IMHO.

[excellance] 16/4/2019 15:02

Chart suggests breakout to 70 if we can get through resistance at 55, but there are a few profit takers.

[plat hunter] 16/4/2019 12:57

Unfortunately though Sleeven MM is continuing with the behaviour of admitting delays too late, giving new time scales then boasting that it is on time. It shows a certain level of contempt for shareholders intelligence imo.

I hope people do make money here but i think MM's bahaviour is questionable and I don't trust a single word he says.

[cpap man] 16/4/2019 12:10

TPI....



W Resources plc

W Resources has announced that the jig and mill for its flagship La Parrilla
tungsten-tin project are on schedule for mechanical completion in the current
month and the majority of equipment for the company’s new concentrator is
now on site. With completion of these key phases of development imminent and
most other infrastructure work complete, we expect that the company will be
able to ramp-up production significantly in Q2 2019.

At W’s core La Parrilla project in southwest Spain, the company has indicated that
the jig and mill plant are on track for mechanical completion in late March 2019. The
majority of the steel and equipment has already been installed with electrical and
instrumentation installation underway. Jig plant commissioning is expected to start
in early April with first crushed ore feed into the jig plant in April 2019.

The majority of the equipment for the new large scale concentrator is now on site at
La Parrilla after an initial delay in steel deliveries to prime contractor, allmineral
Aufbereitungstechnik GmbH & Co. However, with steel deliveries now underway,
installation has commenced and W expects that construction of the concentrator
plant will accelerate over the next two months.

The full automated crushing unit which has a capacity of 350 tonnes per hour is now
fully commissioned and operational and the company reports that it is currently
running smoothly at full capacity.

Initial water supply systems and the full LNG power plant, supplied by Aggreko, are
also operational onsite. W notes that the Spanish utility company, Iberdrola, is
expected to upgrade grid power supply to 1.5 MW in Q2 2019. Other important nonplant
infrastructure, including all buildings, is also now complete.

The company outlines that mine development at La Parrilla is advanced and the fast
track mine area, including the high-grade outcrops, has been cleared for initial mine
operations and the ramp from the mine to the ROM (run-of mine) pad is nearly
complete. As outlined by the company previously, current operations are with the
tailings contractor and a full four-year mining contract has been tendered and will be
awarded formally in the current quarter.

Elsewhere in W’s portfolio, development work at Régua in Portugal continues. Infill
drilling of the mine entry portals is complete and database completion is underway
for a review of the resource. Road construction, mining contractor and contract
crushing contract negotiations are advanced and expected to be finalised in Q3 2019.
Following successful exploration extension drilling at Tarouca, also in Portugal, W
has applied for a new exploration licence covering the studied sector and prospective
ground to the south of the acreage.

The first quarter of 2019 has seen W ramp-up production from La Parrilla at an
accelerated pace. The second quarter promises the commissioning of the jig
plant which will provide the operational capacity to expand tungsten and tin
output as part of a second stage plant ramp-up. With the expected installation
of the large concentrator plant in Q2 2019, the company expects to ramp-up to
full operational capacity in less than three months.

[barony] 16/4/2019 11:53

All going great and good to see the video. I really look forward to hearing about cash rolling in from sales soon.

[2magpies] 16/4/2019 11:35

This looks good -- all coming together.

Makes such a change from the ususal 'resource' stock -- (aka -just looking for stuff in the ground and flying business class everywhere -- fundraise please -- annnddd rrrepeat!!)

WRES is actually doing something tangible!

[cpap man] 16/4/2019 10:40

SP ANGEL - Morning view....



W Resources (WRES LN) 0.53p, Mkt Cap £30.7m – Commissioning of the jig and mill plant underway at La Parilla

W Resources has confirmed that commissioning is now underway for the Jig and Mill plant at its La Parilla tungsten operation in Spain.

The plant is designed to upgrade feed to the concentrator plant “allowing for a significant upgrade in production rates”.

The company also says that “the new large scale Concentrator Plant … is scheduled for construction completion this quarter”.

Commenting on the progress, Chairman, Michael Masterman, said “The commencement of commissioning the La Parrilla Jig and Mill Plant following construction completion is a very important milestone as we advance to full completion of the 2 million tonne per annum plant. We expect to be able to feed crushed ore to the Jig and Mill Plant in late April and then process it through our existing Concentrator Plant.”

[scrappycat] 16/4/2019 10:10

Fascinating. The mm's seem extraordinarily benevolent. 10s of millions of shares exchanged at 0.58p, and the price is down slightly and PIs can buy at under 0.54p.

[sleveen] 16/4/2019 09:07

Has MM sneaked in another (3-4 week)delay?

"The Concentrator Plant construction has accelerated rapidly following delivery of the bulk of the structural steel and is scheduled for mechanical completion this quarter."

------>No talk of actual commissioning of the concentrator this quarter.

[sleveen] 16/4/2019 09:07

Has MM sneaked in another (3-4 week)delay?

"The Concentrator Plant construction has accelerated rapidly following delivery of the bulk of the structural steel and is scheduled for mechanical completion this quarter."

------>No talk of actual commissioning of the concentrator this quarter.