W Resources Share Chat (WRES)

Infamy, infamy, they all got it in for me......................apologies, couldn’t help me self.

Just because I’m paranoid........

it seems to be everywhere m8.....posts,not posting and posts vanishing?

Definitely not accusing you Jaf.

Not by me, Kev. I may disagree with you but I would never ask for your posts to be deleted.

My posts being deleted as they are made, so back to the sunshine.

MBleu357,

There really is no polite answer to that !

Looks like about a 10% chance of you getting hold of Michael's golden nuggets then Jaf?

2cvguy,

I changed my approach when people kept on mentioning my name on here, usually in a derogatory way.

As for buying in again, highly unlikely.

Jaf ("I will never comment on the company") seems to be getting interested in WRES again. He'll soon be back on board I reckon, and I wouldn't blame him for that.

Debruary is the old anglo-saxon spelling of February.

Possibly.

So inevitably we are back to the same old discussion.

WRES shares cannot by definition be undervalued - their value is what you would get for them if you sold them in the market. The company might well be undervalued in the long term but that depends on massive leaps of faith - in their presentation 16 months ago, the company was claiming that WRES would have net revenue in 2019 of $34m. In that same 16 months since then, the production timescale has slipped 7 months (commissioning of the concentrator should have started in Debruary 2019).

A few of MM's acquaintances may believe 0.5p is a good price to pay today for WRES's shares. The general market does not. We will see who is right.

Well Jaf, it’s getting close now, MM has said he would also invest over the next couple of months at .5 so either the sp isn’t going up over the next month or two or the sp does go up and MM buys at a discount!

Jaf, well, there you go. Sorry if I ruined it briefly, but my general point stands

These investors want a chunk of a company.

They agree with the company that the shares are undervalued, so are willing to pay the priced asked by the CEO.

The ceo is happy, because the generic company gets to apply the subs to the task at hand, AND sends a big message to the market that substantial investors agree that the sp is undervalued.

Many investors understand that message, but some don’t, and become utterly confused by the simplicity of it all.

There you go. Your argument restored to its original and full glory.

Kev,

I was 'like that' because you deliberately ruined my discussion. I wanted it to be about shares in general, but the very first answer mentioned WRES.

AA, as you mention it. When yer in yer trawler you identify where it is best to cast your nets. Motive, opportunity and means.

thechaser,

As you say, many of us have often paid over the odds in many companies but entirely accidentally !

Of course, we don't know the whole story. There were two buyers - had it been me wanting to buy around 100m WRES shares, I would have tried to get at least half on the open market first, but there is no evidence of any heavy buying the last few weeks.

Hopefully, it will all become clearer one day.

Jaf, no need to be like that.

Ok, I could have replied, “ because the buyers want their subscriptions to be paid to that company “, but I didn’t see the point in eating into my word quota unnecessarily.

Of course wres is not a charity and of course the subscribers believe they will make money. The resource is vast, the (as yet, don’t bore me with the unproven bit) costs are very low and western companies want a secure source of tungsten.

Not long to wait now. First ore through the newly commissioned concentrator in the next ten days.

Good ‘ere ‘init!

I have always thought a buy out would happen here at some point. This is peanuts to a major.

Jaf, most of us on here have paid over the odds, albeit, not deliberately lol. These investors have probably got their timing right, Maybe it’s just a case of their 1M becomes 4M / 5M over the next couple of years. You could ask us all the same question. My average is around .5, why have I made this investment? Well hopefully to make money. Of course most companies don’t even get to the stage we are at, others fail but the odd one is successful, we are all hoping WRES is the one.

Safety, I think you succinctly summed it up, confused though as there were no herring analogy so are you the real Safety?

TT, either you believe or you don't, but I certainly wish you all the best in where you put your significant funds.

They indeed think the MAY get a profit, unfortunately at present the market does not. i have significant funds I could add here but I can't trust MM anymore. I do believe that is the major problem here, people do not trust him.

Them with local knowledge, links with senior management, local officialdom, professional personnel on the project and considerable previous success in businesses in the region ( I have met some of them and it seems to be the case for sure on the last bit), seem to think they will get profit even after paying an additional 25% premium to the current SP. I would say they have expectation based on what they do know so far.

Jaf, other than believing you will see a significant profit even with the premium, it is a difficult one to answer.

Andy,

I am a great believer in Occam's Razor and indeed it might well be as simple as that. Ever since the RNS came out, I have been thinking under what circumstances would I buy over-the-odds in any company and I didn't come up with an acceptable answer.