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Tro, sad you didn’t read my posts with links that showed that the so called lots of rain in December was only for approx 5 days and wasn’t torrential. As I explained the best I could get was a combination of general and within 10 min drive but challenge anyone to find the rain for the exact location and not for The Whole of Spain.
Still no news on the damn, still no update that he promised before year end.
Tin can be 10x higher but if it is not being produced in sufficient quantity then it’s irrelevant.
Quarterly results still not issued, we know it’s bad but past experience has it the longer they take the worst it is.
I am a big investor here and over the years have been dumb enough to try to encourage others to invest but, what I will say, and you do your own research, is the BOD continuously over promise and under deliver and always have an excuse and rarely gives the real reason for failings or tries to bury it in other news, I wouldn’t put any more money here until I see two quarters where we have decent production without the multitude of excuses ( rain, supply chain, water too acidic etc). They continuously fail and the proof is in the eating and where the sp is tells you what we are eating these days.
I am hopeful it recovers as far too under the water to sell.
Also, contrary to what some may tell you their PR/Investor relations is awful, yes they may put out RNS but they don’t follow up (look at when they announced the second damn would be done by but we are none the wiser as to whether it is). MM promises in interview that there will be an update by year end….some are still holding their breath etc.
We still have a Chairman of a company that is producing, who refuses to put in place a CEO but attempts to do the role whilst holding two other senior roles in other companies including as CFO and is based in Australia…you can’t make this up.
Long story short, I wouldn’t try to catch this falling knife, wait for some actual delivery of production for 2 quarters, and be wary of false starts and critically don’t believe a word that MM says, wait for production proof.
Many thanks Troajan. Sounds as if the news coming is likely to be better. Not sure what has happened to APT prices, but the Tin price explosion should be a big benefit to WRES.
TUN have the funding for some new spirals now - so all OK there. They too should benefit from the tin price despite APT to be the main product.
valuation,it,is
i bet ICD alloys,get some kinda discount though,seems as tho,they own a big chunk of the comp
comes in handy that
valuation it is
hello m8
yeah,we havnt had confirmation,but the damn was expected to be finished in dec
but dont forget,there was already a tailing damn,there in the first place,so it will be still used
apparently,rainfall was high in dec,but ok in jan
https://www.accuweather.com/en/es/spain-weather
if you mean hedged,no,as far as old vids/blogs,
they mine it,process it and yes,the plant also churns the end product out,in concentrate form.
they the customer,picks it up and transports it,to its destination.
then a few days later,the customer,pays up.
so lengthy waits
and by the way,24 of the processing plant spirals,were pinched from your wlfe/tun plant,down in devon.lol..sorry
Troajan A few newbie questions for you.............. Would be grateful for your help.
Do you know if the works on the second dam at Parilla are complete now? And what has the rainfall been like in January there?
Re your comments about the surge in tin prices, has WRES sold its production forward i.e. has it already sold its likely 2022 production/fixed the price, or is it going to benefit from the higher tin prices? Does WRES sell concentrate or does it pay for processing of concentrate and then sell tin metal?
and its not often,you see bods of aim,loading up on the comps theyre in
instituitions too.
$2.5 mills worth,in the last 18 months or so
$1 mill,in the last two months
https://www.stockmarketwire.com/article/7225984/W-Resources-lowers-annual-production-guidance-but-touts-improved-output-for-Q1.html
https://www.proactiveinvestors.co.uk/companies/news/914624/w-resources-raises-756000-as-progress-at-rgua-and-la-parrilla-continues-apace-914624.html
https://www.lse.co.uk/rns/WRES/la-parrilla-update-and-placing-for-163083m-49xvmihksso3bbk.html
and crux investments....take up 4.5+ %
the bod,add about £600k's worth....probably more with remunerations
https://wresources.com/investors/shareholder-information/