W Resources Share Discussion Threads

[plat hunter] 18/4/2019 14:15

hardly Excellence, you need to take into account the spread and dealing charges on that, if I was punting a 2% gain I'd be looking for something a little more reliable

[excellance] 18/4/2019 14:09

Compare today's warrant news here with the placing news at EUA

[excellance] 18/4/2019 13:27

So at 46 now you're a buyer?

[excellance] 18/4/2019 13:25

I think the shorting opportunity has mostly passed.

Private investors got milked and today the existing warrants got cleared, only to be replaced with more at a higher price, 0.60p, so the company gets a million quid in their coffers, directors get more warrants, the market gets reset back to 44 abd we move forward.

[glynwillo] 18/4/2019 12:57

Its time to get your shorts on this ones going down faster than the titanic. Year's of broken promises and missed targets investor's are bailing out big time now!

[excellance] 18/4/2019 12:36

The 0.42p shares are tradeable from April 29th, and they'll want 0.44 for them for a quick zero risk market milking, and then they have the 0.60p warrants for a no risk opportunity going forward. All the risk is as usual with private investors.

So, now they need to prove that all this money and time spent building this facility actually works, and delivers enough cash to pay off loans.

[excellance] 18/4/2019 12:26

So, considering today's exploitative milking of the market by directors, what do we think the share price will be by say July 1St?

[2magpies] 18/4/2019 11:57

free stock charts from uk.advfn.com


Well, I for one, am glad this retrace has happened now.

Let's hope the breakout is resumed.

[excellance] 18/4/2019 11:50

Ffs
In for a penny in for a pound
Simple arithmetic says buy
8(

[2magpies] 18/4/2019 11:26

excellance

they might just do that: don't go giving them ideas!!

[excellance] 18/4/2019 11:22

Is this just like printing your own money, taking value off other investors?

Why not just create another 6 billion warrants for 0.10p and take the lot?

[excellance] 18/4/2019 11:17

W have offered its Existing Warrant holders early exercise of 210,714,286 warrants to acquire new ordinary shares of 0.1p each in the Company ("Ordinary Shares") with a strike price of 0.42p and an expiry date of 20 June 2019 ("Existing Warrants"). The Existing Warrants represent the unexercised warrants which were awarded to investors who subscribed for Ordinary Shares at a price of 0.28p per share as announced on 14 June 2017.

In return for electing to exercise these Existing Warrants early, the Company is offering participating shareholders two new warrants ("New Warrants") for every Existing Warrant. Each New Warrant will entitle the holder to subscribe for a new Ordinary Share at an exercise price of 0.60p at any time at the holder's option until 31 December 2020.

[marvelman] 18/4/2019 11:04

How many more Masterman beatings will people need to take before they accept the reality of this self serving destroyer of pi trust....edited on reflection from my original post which was a much more accurate description of the disaster that is Michael Masterman...although his family and friends must love him to bits

[plat hunter] 18/4/2019 10:19

Back below .45 Jaf... only 4 days late, i bet you wish MM was only 4 days late eh?

[2magpies] 18/4/2019 10:12

Well the chart was showing 'oversold', and there was a gap.

Must confess I didn't think that gap was going to close, what with events moving on a pace.

But the chart says what it says, (almost) always.

Anyhow, the gap is now closed. Which is good. And behind us.

[plat hunter] 18/4/2019 10:11

Lol sleeven.I was totally off the ball there then.

[sleveen] 18/4/2019 09:56

PH

aka 2magpies


I still think the fall was due to investors taking profit in the run up from 0.44p offer to 0.54p bid, rather one or two large sellers.

Today's warrants offer was a surprise.

2 warrants @0.6p for each current warrant held not too bad.

Avoids a placing too!.

[2magpies] 18/4/2019 09:41

Well, the new warrants are exerciseable @ 0.60

[plat hunter] 18/4/2019 09:30

That's a new saying for me Sleeven.Collecting little shiny bits?

[sleveen] 17/4/2019 19:06

Lots of investors taking lots of profit.

But magpies knows better.

[plat hunter] 17/4/2019 18:28

Its odd how this is cheaper to buy at the point of ramp up than it was before the build was even announced.

Is there a big seller, do others have concerns about the MM's claim of 200mtu

What's going on here

[plat hunter] 17/4/2019 18:26

and 0.49
Who knew?

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

Plat Hunter15 Apr '19 - 18:33 - 12759 of 12769 Edit
0 0 0

Back to 0.49 soon

It's odd how I've called this bang on every single time. Still, the longer I'm here the more chances there are to prove me wrong I guess.

Gl all

[excellance] 17/4/2019 16:28

I worry about sentiment.

Watched W for years, interested but wasnt tempted. Seems to me that after years of toil they are finally about to deliver a return, and risk at this stage is low.

Rewards however could be relatively high, as they self fund expansion into other projects.

I like what I see to be honest. I see the share price getting to 0.80 or 0.90 in 12 months, and that's a solid return.

Longer term, maybe 2 to 3p in 3 to 5 years?