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Of course its the end. Certainly the end for WRES investors. I suspect it may not be the end of the mine. My suspicion is that Masterman and his pals will find some way to phoenix/pre pack this under a new company, screwing over the PI's, doing a deal with the financiers to guarantee their money further down the line. In other words liquidates WRES, starts up a new company and buys whats left of the mine and starts up again with much redused build costs. Used to happen all teh time in the print trade with printers screwing over the paper and ink suppliers. Closing Bloggs Printers Ltd on a Friday and opening up on Monday as Bloggs Printers 2022 Ltd walking away from the bills for paper and ink in the process.
Sounds like I dont trust him? Too bloody right I dont.
OLD News troajan, must take sometime to filter to the highly respected business oracle that is "Cornwall LIve"
On Energy prices, This is a recent thing, since Q4 of 2021
At that time and in the years leading up, WRES was incapable of producing profitable production. The largest reason for the failure was the burgeoning debt, which remains unserviced and is now at $80m to Blackrock alone. It is charged at 12% so increases over $9m pa.
In any 12 month period that is known Total revenues (Before any costs) have failed to exceed £2m ($2.5m)
Thats a hole of $6.5m PLUS All operating expenses of which energy is a part.
Its dead there. Production is suspended indefinitely, Staff laid off, (Has ERTE Application been successful?), Shares suspended, Broker resigned, Stock delisted.
Which part of that is misinformation Troajan.
jaf
great news just out,for spain,regarding a de coupling,from EU energy prices
https://www.cornwalllive.com/news/uk-world-news/spain-portugal-slash-energy-bills-7141772
and ime sure you'll agree,welcoming news,for us LTH's
atvb m8.
ok jaf,cheers bud
so what what you call "opperations,temporarily suspended"
most people,would assume,mothballed,or halted for now....or suspened
certainly not,"the end,as the usual posters,keep implying
that's your problem jaf m8,you give no balance,if you did,then maybe you would get some credibility.
after all,its easily done,just post comp links or rns's
Troajan,
And it says nowhere that 'atm in time,the opperations,are mothballed'. That is purely your take.
I'm sure if you stop posting unproven statement so will everyone else.
exactly jaf
so it says nowhere,the comp is finished,as certain posters below,keep imlying
thanx jaf and ATBV and a have,a great week
yes "temporarily suspend production"....it says here
https://www.proactiveinvestors.co.uk/LON:WRES/W-Resources-PLC/rns/1121612
unless that certain group of posters,that you always back?
can PROVIDE FACTUAL l,or google able EVIDENCE ....to prove other wise
Troajan,
Your link does not say that operations are mothballed. It says, in its only reference to operations that: “We continue to work constructively with our major financiers and prudently manage operations in these challenging circumstances.”
That could mean mothballing; it could also mean working towards selling the company, closing it down forever or anything in between. Your 'perception' is mothballing which is no more or no less valid than anyone else's 'perception' - not misinformation.
atm in time,the opperations,are mothballed
https://www.proactiveinvestors.co.uk/companies/news/980387/w-resources-expects-to-delist-as-not-in-best-interests-to-remain-on-aim-currently-980387.html
any other perceptions quoted below,without any factual evidence,could be deemed,as
misinformation