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[devilhorns] 18/2/2022 18:31

5.30 PM Friday RNS.

Death lingers. You can smell the rot

[devilhorns] 18/2/2022 16:38

750k in 3 months where are you getting that from
They got 830k in January too.
Also they sold product in Nov, Dec and Jaunuary that would have provided income. I cannot be bothered to work out how much that is. Lets just say its probably a total of £2.5m+ of burn in 3 months.

Update MCAP is now £3.4m and falling....

[devilhorns] 18/2/2022 16:31

Single asset? They have 2 tungsten mines, Gold and a further prospect :-)

[plat hunter] 18/2/2022 16:15

750k lasted all of 3 months then. A burn rate of 250k a month. For 6 months cash they'll need to dilute by 50% at this price.


Just pull the plug for goodness sake.

[devilhorns] 18/2/2022 10:45

Update
WRES MCAP £3.5m and falling. Lots of debt and skint.

[devilhorns] 18/2/2022 10:41

Who would want a piece of this now? Its got to be turning the lights out soon. Somebody will buy some cheaper bulbs and restart without the debt. A la Wolfe.

[excellance] 17/2/2022 08:35

Surely they'll issue shares like confetti to solve the funding black hole?

[devilhorns] 17/2/2022 07:00

Congratulations to Ormonde Mining, the defunct former Tungsten miner near neighbour

ORM MCAP £4.3m Zero Debt and CITB
WRES MCAP £3.6m Lots of debt and skint.

How the tables turn. I remember Kevvy Mc mouthing off how ORM had a 10x bigger MCAP and ORM would never have a bigger MCAP.

Will we see the RNS today confirming the extra debt. Will it be CLN's. Will we see the mine reopen next week after its "maintenance shutdown"

[devilhorns] 15/2/2022 14:48

who cares about the dam ? Who cares about drone shots ?
The band of the titanic play on while those with rose tinted spectacles secure a new position for their sun loungers.

Oh how we laughed and danced the night away

[datos] 15/2/2022 11:01

No it's not oversold Barony, its the 6 p's p p p p p p

[barony] 15/2/2022 10:49

I have asked for the drone views so we can see all the dam work they say that they have done. For all we know, they could have done no damn work on the dam!
Seems way oversold.

[datos] 15/2/2022 10:33

No drone views today...

[devilhorns] 15/2/2022 09:58

Atlas funding to follow with CLN's?
If you think the production RNS was bad, wait for the finance one.
I hope they are being economical with the electricity and turning the lights out

[devilhorns] 15/2/2022 06:42

Hows that Dunkirk has he admitted to selling out of this

[dunkirk1016] 14/2/2022 17:21

That Kevvy Mc appears a good judge

[devilhorns] 11/2/2022 10:42

Good to see I see that I still haunt Kevvy Mc on the other board. He's given me a special mention along with others that don't exist other than in his mind.
To$$er

[goingunderdground] 09/2/2022 12:32

Ok. So it is just more of Troajans nonsense then

[devilhorns] 08/2/2022 19:08

I nearly forgot about the nuns

[devilhorns] 08/2/2022 19:01

and a conservative MP Datos. Oh how we laughed.

[datos] 08/2/2022 18:46

Username Hartlepoolbob, the Monty Don of the Boards. Great gardening tips' . He had a bit of a treble Whammy, WRES, SXX and Brexit, how's your allotment Bob ?

[devilhorns] 08/2/2022 17:36

Anyhoooo. Masterman was last seen riding off into the sunset on Shergar. What a loss.

[devilhorns] 08/2/2022 17:35

Troajan. Posted here are as Kryptonsnake. He's a loser. Kept banging on here and taking the pi$$. Ignore anything the obnoxious old wrinkly has to say. He's out of his head. Posts links, everywhere not just on WRES. He shuffled away from here with his tail between his legs.
I see you have been there for a while goingunderground dunno how you put up with them. Daftyman, Toejam, Fanny, the best one has long gone. Hartlepoolbob. We used to bicker but at least he was funny, him and his trooptrain. They try to bully you out, so keep the faith dude.