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I can't understand why he posts that Mr Masterman has only bought £65k of shares. Not worried though. I'm sure the CEO has enough funds and friends with funds that we will get over the line, start producing and start making money. OK, the tungsten prince could be better, but s long as we ramp up safely, we can get by until it picks up again.
If someone has the discipline to not buy, hoping this dips, then I admire them. I was buying at 0.6p, so I'm happy buying anywhere below that.
:-))
Kev,
Honestly, why on earth would you want the truth to get in the way of oldskools lies !
Thanks Kev! What larks we shall have!
Safetyman
" zooming off to the funny uplands yet"
You are way behind me. I have been here for years, it's very nice and I have saved a seat for you!
:-))
oldskool
"So MM has bought 65ks worth. Meanwhile paying himself consultancy fees of over 20k a month. Now that is some return."
I did a quick tally from WOGWHY's post. I may be slightly out, but it appears to me that Mr Masterman has contributed £1,395,000 in placings over the past seven years.
I'm sure he will do what it takes to get WRES over the line.
Thank you for that data MOGWHY.
:-))
I could agree if you said MM has been in error with respect to timescale, then again it is a mining start up and overrun, despite the best intentions, is de rigueur. I have met him several times and do not believe him to be duplicitous. I am a simple sort of guy and I play the way I am facing, I have many failings, but certainly see MM as an honest CEO. I recognise CEOs are limited in what they can and cannot say. At the time of MM making statements he has stayed within the parameters of what he believed to be the case. There have been occasions such as AGMs and other places where he could easily have lied and he has always refused to comment incorrectly and has not misdirected imho. However, he has been wrong, particularly on timescales, which I have to some large extent expected. After the AGM in speaking with others I expressed the view that we would not be zooming off to the funny uplands yet. Then again I think we will be after Xmas. Do I ‘wish’ we were there now, yes! Did I think we might not be yet, yes! Did I think that there was a chance we might have been there by now, yes! We will be there, it’s the when of it that none of us can say. I have been unable to predict when this will take off, but my view is not will and do I stay in. With regard to Chelmsford, or let’s say Cheltenham my horse is alway in each and every race, it just has to follow the yellow brick road to get there. See what I did there?
Oldie, I would contend MM has bought far more than £65Ks worth and if you go further back to Caspian it adds up to large amount indeedy.
So MM has bought 65ks worth. Meanwhile paying himself consultancy fees of over 20k a month. Now that is some return. Most people could only dream of such a nice steady income stream. BP, nothing for 2.5 years and clearly pulled out of latest raise - I have already noted the change in language from BOD to MM in recent RNSs.
Langtro and Troajan are bottom feeders and admit to it. Good luck to them, but they were way off calling it correct here. I would be a further 50% down if I hadn't sold out on my final tranche. That is crazy. That is not investing that is gambling, hence I sold out. Risk vs reward and revisiting investments. Never be afraid to get out, chances are you can buy in again even after a spike. Holding on and wishing is not investing. It is wishing. Any 'investor' using the phrase 'good luck' is better off at Chelmsford. WRES may turn out to be the 99-1 winner. This week will undoubtedly affect the odds.
Soon be Friday. Could well blow the roof off. Equally it could be a torpedo.
Safety, MM is a duplicitous man. Smoke and mirrors I have no idea why Oz CEO's get such a bad press. Perhaps they are a victimised minority. MM has created a pickle. Well, this week should clear the smoke (see what I did there re Oz connection) that is for sure.
Mogwhy, the majority of those buys in were at higher SP than now, some far higher. I had always over time bought in proportionally in line with MM, so according to my fag packet, he is currently down on his total investment and demonstrably committed to the project.
For any potential new investors looking in who value a boards financial commitment, here is a list of Michael Mastermans share buys over the last 7 years since the sale of AIO to WRES.
June 2012 £50k
Jan 2013 £100k
July 2013 £50k
May 2014 £180k
Nov 2014 £8k
Jan 2015 £152k
June 2015 £140k
Nov 2015 £75k
Mar 2016 £75k
Aug 2016 £100k
Nov 2016 £100k
Mar 2017 £150k
Jun 2017 £50k
Oct 2017 £100k
July 2018 £24k
Aug 2019 £41k
and Byron Pirolas' share buying history
May 2009 £160k
Dec 2011 £100k
June 2012 £100k
Nov 2012 £50k
July 2013 £50k
Dec 2013 £50k
July 2014 £100k
Dec 2014 £10k
Jan 2015 £50k
Mar 2015 £50k
June 2015 £160k
Aug 2016 £100k
June 2017 £50k