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Endless waffle since the last message you sent which was a fair statement (which you referred to), which was a the summary of the last call. Hope that provides clarification for you. If it makes you feel better feel the same about some of the rampers.
And this was a fair summary of the call and you were arguably too optimistic but in your defense we weren’t expecting a double whammy of incompetent contractor and act of god. I agree with your view that MM should take a sabbatical
OMR. I was on the last one in September. Here is my post at the time summarising my thoughts 3rd Sept 2020 "My reflections on the call today having pondered and processed. 1. Masterman took the necessary step recently to lower expectations until the middle of 2021 earlier in the week. I think this was a relief for him and he looked at ease and comfortable on the call today. 2. Masterman now needs to step away from this for a sabbatical and let Pablo provide any updates. He can work away in the background on finance, but his public facing reputation has not been great, he needs to distance himself 3. As an investment right now, its not for me. There will be no GREAT news this year, maybe some positive indicators. Interest may return in Q1 next year, Heavy LTH will hold, warrants will dilute and Atlas funds will be drawn down producing further warrant issues. 4. Its likely that this will be range bound between 0.1 and 0.15. 0.15 has been a trigger point for sells recently and I see no likely news that will accelerate the sp past 0.15 for any long extent likely this year 5. The call was a valuable medium for communication and hopefully will be repeated as promised. 6. Masterman did not like the question on his renumeration. He was very uncomfortable with it. Lets hope the renumeration board tackle this. (If they haven't already) This is all just an opinion, everyone has one. Often they differ, but this is mine. Good luck."
Calm down OMR, Its bad for you. No point in asking questions, the answers are meaningless. I suppose a question would be "Is it correct you have taken no personal benefit from WRES last year and will not be deriving a benefit this year" That's a squirmer Anyways, the pubs open on Monday, there are better things to do than listen to endless waffle
Btw there is no requirement to be an investor to join the call. They don't ask for proof or confirmation. But if you don't come and ask whatever complain about in here do is all a favour and stay quiet because you would have had the chance. Ps I don't think MM will do anything other than his usual politician act. I will do my very best to move other calls I have around to make sure I am there.
Thanks OMR. I'm not an Investor remember. Whatever is said is matterless unless he provides production numbers for April and that is unlikely. Promises of yet more jam tomorrow will be most likely. None of the investors will have the gonads to ask a difficult question even if they get the opportunity. Utterly pointless IMO
GUG, if you haven't registered for the Q & A session after all the ****ging off you continually give MM, I'll be totally amazed. Perhaps you're worried MM will play a blinder and blow you out of the water? Go on, put your money where your mouth is.
IIRC the old concentrator from LP was originally going to be dismantled and reassembled at Regua, or did I dream that ? It's been such a looong time, lol.
Maybe they decided it was too clapped out to go ahead with that idea. Possibly Regua will get its own concentrator eventually, especially when and if Tarouca ever gets up and running and Regua becomes the hub for both of them.
W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, is pleased to provide an update on progress at Régua in Portugal and La Parrilla in Spain, its two most advanced mining operations. The Company also announces that after 12 years as a Director, Dr Byron Pirola will retire from the W Resources Plc Board on 30 March 2020.
The first blast at the Régua mine in Northern Portugal was safely and successfully completed last week. Mining operations have been underway since February and the first blast signifies an important milestone for the project. The blast opens up the RL240m adit zone which will cover 122 metres prior to intersecting ore. The ore will be trucked to the Crusher Plant which will be located in a nearby aggregate quarry for initial processing.
Engineering and procurement is advanced for construction of the Régua plant. In addition to existing spirals, pumps and screens on-site, a new VSI mill (Vertical Shaft Impactor) has been procured from Spain.
La Parrilla, Spain
Ramp-up is progressing and the mine continues to deliver the scheduled grades of tungsten and tin ore to the plant at low waste-to-ore strip ratios. As part of the ramp up process, a series of improvement initiatives were successfully implemented during a planned shutdown in February 2020 and as a result the Company has seen a material step change improvement in recoveries and overall production rates at the La Parrilla plant in March 2020.
A full update on La Parrilla production for the March quarter and further guidance in relation to developments at Régua will be provided in April 2020.
Michael Masterman, Chairman of W, commented: "It is very important to have a safe and successful start to our mining operation at Régua. The portal to the underground mine is now open and we will progress trial mine operations over the next two months."
Dr Byron Pirola Retires as Director
After 12 years as a Director, Dr Byron Pirola will retire from the W Resources Plc Board on 30 March 2020. Dr Pirola intends to retain his core shareholding in the Company.
Mr Michael Masterman, Chairman of W, commented: "Byron has been a fantastic Non-executive Director contributing to the strategic and financial direction of the Company and maintaining a strong shareholding investment. We will miss Byron from the Board but are very pleased he plans to continue as a strong core shareholder."
Dr Byron Pirola, commented: "Following many years on the Board of Directors, I am pleased to leave it in a strong position with an expanded board, and our key asset in production ramp-up. While my increasing business dem