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devil, you appear to have deliberately misunderstood what has happened. The directors have elected to convert their loans because they believe that their investment in the company will be worth more than if they renegotiated their loans to run until 2023.
That decision was made in the last few days, not when the original loans were made.
But you know that, don't you.
The bottom line is that the wres bod have put £340,000 of their own money into the company at this stage of the game.
They know exactly what is going on at the company and how the ramp-up is progressing and obviously have confidence in the future prospects.
Michael Mastermans total share purchases are now over £2.5m.
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We will get there mate it’s just a matter of time.
GIT,correct my friend .
So, as expected now that we have the BlackRock cash the directors won’t be placing themselves further shares at 0.5p - that’s not a surprise.
It’s also not surprising that BlackRock insisted that the directors loans either became subservient to their own loans, or, were converted.
Providing that there are no further problems, there should not be any need for further placings.
Onwards and upwards from here.
1. Grant monies due this quarter
2. January- March quarter figures due in April
3. 2019 annual report due in April
4. Substantial Increases in production expected during this and subsequent quarters
5. April- June quarter figures due in July, and at this point we will hopefully be at or very close to hitting full production
6. Regua due to come into production this year
Tungsten prices are currently at the FID level and expected to rise.
Tin prices have been rising significantly and are expected to continue to rise.
The next 6 months will be absolutely crucial, but everything is looking good.
We are where we are, and it’s not been as quickly as we had hoped, but:-
2020 is the year of the WRES