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Jaf
On 7-6-19 at 20.15 you posted:-
Kev and Wasp,
“I have lost three amounts of over £50,000 on AIM companies in the past 10 years by a combination of believing the CEOs, accepting what people write on bulletin boards and bad judgement on my part (in any order you like). Now that I am a pensioner with no more large amounts of money coming in, my risk / reward criteria have had to change.
There is still much more that can go wrong with WRES than Kev glibly comments. People can either ignore it and take the risk or not. I will not list my worries about the company as I have pointed them out on here many times over the past few years and I no longer comment on the company. Some of them have gone away, some have already come to pass and some may or may not happen in the future. There are just too many unknowns at this time for me.”
For someone who stated that “they no longer comment on the company” (your words) you seem to post an awful lot, because I had to go back trough 15 pages of your posts on this company to find that post !!!!!
As I said at least be honest !
Safety, do you and Sven feel you might invest in a new deep sea trawler when funds permit? Think of all the herring you could haul in with those great big nets, you might even catch a few cod into the bargain?
Tonlin, it’s just a wind up. To start putting out if the price bla blah blah, then stick a few facts from way back when indicates full
Knowledge of what is and where we are imho. Mischievousness I think. Perhaps we can expect a nice RNS tomorrow now we are getting faux interest. Tuesdays are a fine TNS day imho, good news on gold that would be of interest right now. Anyway we might see fishing fleets at lowie once again, I been watching the Cornish fisherman prog on the BBC (great tv business imho) and I think of you with your camper van parked outside. Soon we will rich ( perhaps) , if not then later on.
GIT,
On April 23rd 2019, the day I sold out (incidentally at 0.45p and was told that I was a fool for doing so), I wrote 'Now that I am no longer a shareholder, I will not post on here again ( but reserve the right to report any post that is libellous of me.
Well done, you got that right.
However on June 7th 2019, I wrote 'As I have said, I do not feel it is right for me to comment on WRES now that I am not a shareholder but I will comments on posts that I feel are less than objective.'
That is what I now do, so you have not 'caught me out' on anything.
Thanks for that European. I trust you have done your dd and have decided to invest elsewhere. Bye and good luck.
No Jaf, what you said was that you would post if anyone posted about you, which was a change from you wouldn’t post anymore, and now you’ve changed it again because yet again you’ve been caught out !
I don’t really care if you post or if you don’t post but at least be honest !
GIT,
I explained over a year ago that I had changed my mind about posting on here due to the continual nonsense that keeps on appearing here. Or was I a 'green box' at the time ?
Jaf
We all know what was in the FID.
What we don’t know is why you keep posting when you told us you wouldn’t.
if people are going to quote OPEX figures from the FID, why be selective - what about this from the same FID: '2 million tonnes per annum (Mtpa) initial Run of Mine (ROM) rate producing 2,700 tonnes per annum (tpa)of concentrate increasing to 3.5Mtpa ROM in 2020 targeting production in excess of 4,000tpa of concentrate at 66% WO3'. Don't think those figures were actually achieved.
Then why not quote the May 2018 presentation which clearly states EBITDA of $15,216,000 for 2019. Oh sorry, I forgot that the plant was delayed for a few weeks because of the steel issue - that explains the short-fall.
Moggy...stop being so naïve..
European - the backers of Wolf and Orm were not independant of the company.
Banco Santander have no other financial interest in Wres apart from the loan. They've done their due diligence and risk assessed that the loan is worth 3% over a year.
The loan is secured against the grant, but in their worst case scenario that the grant is not paid, then they obviously have a high level of confidence that Wres ould still repay it out of profits.
Your other comment about producing less in order to minimise a loss if the opex is not achieved is laughable.
Much of the opex is fixed or has a low degree of variability. the more we produce, the more of those costs can be paid out of the revenue.
Bore off European..yet another 'expert'
So naïve....lol
Yep Troajan. Imagine if someone read the broker notes, they might have a clue.
if wres were selling at less then cost.
then blackrock wouldnt have refinance and that spanish investor,wouldnt have bought in.