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WRES W Resources Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
W Resources Plc LSE:WRES London Ordinary Share GB00BKQN5R41 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.00 -
Bid Price Offer Price High Price Low Price Open Price
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 GBX

W Resources (WRES) Latest News

Real-Time news about W Resources Plc (London Stock Exchange): 0 recent articles

W Resources (WRES) Discussions and Chat

W Resources Forums and Chat

Date Time Title Posts
12/1/202306:38W Resources - Tungsten and Gold Mining15,277
25/6/202209:11W Resources PLC -tungsten mining in Spain 2019120
12/3/202021:45W Resources - Tungsten, Gold & Copper575
06/12/201616:16nice buy283
24/8/201610:02WRES - Q1 2016 promises to be a game changer43

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W Resources (WRES) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

W Resources (WRES) Top Chat Posts

Top Posts
Posted at 19/4/2022 14:05 by datos
DH, Hargreaves sold the Wolf site to TUN in 2019 for 2.8m. So I would think the wres site 3-4m tops taking into account the increase in metal prices.
Posted at 18/4/2022 11:03 by devilhorns
Jaf, finest pedantry :-)
Receivership before May ?
Be interesting to see who (if anyone) buys it up at a knockdown price with Zero historical debt.
I reckon $8m tops will buy it and the equpment.
Posted at 02/3/2022 09:22 by barony
We need a plan and projections of the payback of this massive debt. Bod need to provide loads of open comms about what is happening. Otherwise looks like wres is to be a cash cow for Blackrock.
Posted at 24/2/2022 10:08 by barony
All this time with hardly any communication from wres and now, with nothing concrete to report, we are inundated with it! Learn the lesson. Keep the market informed! If there are physical problems and you’re fixing them, then show us what you are doing! Fed up telling them this.
Posted at 18/2/2022 10:45 by devilhorns
WRES MCAP £3.5m and falling. Lots of debt and skint.
Posted at 12/1/2022 14:38 by jaf1948
I'm fine, thanks. Yes, it's a classic P&D on there - three or four people, or should I say 3 or 4 different ids, start saying how WRES has turned the corner (based, of course, on nothing official) and the buys started to come in. Then mid-morning today a group of sales, and now again a group of buys.

It may well be the second coming of WRES but I won't be putting any money on it.
Posted at 28/9/2021 15:30 by grimreaper2019
This company has spectacularly under-delivered, presentation claims made in the City by Micheal Masterman from 2018 onwards have turned to dust.

WRES is now hamstrung with debt and forced to go to the posh equivalent of death spiral lenders, the result being equity going below par value, a subsequent share consolidation with many millions of shares issued to Blackrock sub 7p, these will
eventually be dumped if the share price ever recovers.

It will be a long haul back, if ever.
Posted at 14/9/2021 21:42 by devilhorns
And so ends another landmark day for WRES. An Historic all time low.

Will it hit another landmark ? In the last 6 months, there has been a 63% reduction in the share price from the high of 18p (in new money)on March 15th and in this period it has been compounded with 54% dilution (Excluding warrants)

Shortly before the capital reorganisation took place on April 1st WRES said:

"The Board also believes that the Capital Reorganisation should improve the liquidity and marketability of the Company's shares to a range of investors, including institutional investors through the creation of a higher price per Ordinary Share."

The April fool was on the investors
Posted at 28/8/2021 14:15 by devilhorns
Paid in shares:

I can see how the conversation went.

CEO: "CFO me owld mukka, I know we owe you £35k. You've been sitting at home since you started and we don't have much money. How about we call it £35k worth of shares but valuing the shares at 10p instead of 7p. It doesn't cost us any cash to do this, we can dilute the shareholders further and if the share price goes up, you might win. If it doesn't you've got something you can sell at a loss. Its the best we can do"

CFO: "But surely it would make more sense to give me the cash for 350k shares @ 7p and I'll buy on the open market, that will help to push up the share price?"

CEO: "We've got no spare cash and that is £24500 out of the bank. If I give you shares it doesn't cost anything. So look, that's your only choice, take it or leave it, we've done this with my consultancy fees and to settle other liabilities with suppliers, there is nothing that makes you special"

CFO: "Well I have no choice then"

CEO: "Well, Errrrm well mmm errrrrrm No"

Purely fictitious of course, but a conversation that COULD have taken place in any company
Posted at 19/3/2021 18:45 by devilhorns
Arroyano. I'm not sure you understand how a CLN works? (Or maybe I don't LOL)
The last tranche they converted was £100k 0.103p. So they exchange £100k of the debt owed for shares. They own the shares they purchase at that price. If the share price drops, then they lose, if the share price climbs then that is good news for them. They will sell and make much money.
The only time when it is in their interests for the share to fall is if they wish to carry out a further conversion, and they believe the price will climb again from the price they pay (95% of VWAP - But I don't know how many days trading the average is calculated across)
So, I'm not entirely sure why you think the price needs to get back down for them to close their position ?

AFAIK they have £600k that has been drawn down that Atlas have not yet converted and £3m left available for WRES to drawdown
W Resources share price data is direct from the London Stock Exchange
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