George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I posted mine on here, not yet had a reply to my latest message be as to why the promised shareholder q&a failed to appear. Probably no one there anymore.
Some definitive not done!
Just emailed the company again asking why the promised q&a was not posted and if/when we may have done definitive news on what’s happening with our shares. I.e are they being deferred and honoured in the event that the mine restarts or are we blown out. I’ll post any reply I receive.
Wilbury, I can think of someone who could do it….he’s lower than a snakes belly!
The q&a was promised by the cfo in writing in an email to me. Lies lies and more damned lies. The gates are locked because this is busted. They will reopen at sometime in the future after every single PI has lost their investment. This is a stitch up.
Except it makes no difference and has no relevance to W Resources’s. It is now two weeks since I was promised a q&a facility on their corporate website, shock horror, surely the management wouldn’t lie to us would they?
I’ve just revisited the website to make sure and yep it’s still not there. In fact if you were seeking to invest and researching you may be led to believe that La Parilla is a successful and productive project, which we all know is total fantasy. I had an email from a senior member of the management team 25th April stating that the q&a would be on the website in a day or two. Anyone more suspicious than I would consider we may have been mislead all along maybe that suspicious person may consider that we had been downright lied too. I of course would never suggest that. In the meantime Trojan keep posting your irrelevant drivel. None of it is relevant to the busted company we invested in. This project is way past recovery but I’m sure there are wheels turning in the background to secure as much a as possible for some people. As for us pi’s we’ve been well and truly sold down the river.
Not currently invested. Have been in and out twice with a nice profit on both occasions. I sold my last lot and thought I’d buy back in when it hit 83p but held off. I now think JPM may be correct and that 75p is probable and your suggestion of 50p I view as possible. I will wait on the sideline and watch and wait with interest and try and time my next buy in.
“Can’t buy the right kit”
If you believe a man can walk on water you may believe that Wres can survive. I believe there will be a second coming of Christ before Wres surviving this. They can’t even put up the promised Q&A in their website, can buy the right kit, can’t order the correct steel and can’t operate if it rains what chance do we have?
I’ll have a look thanks.
Perhaps they could put a q&a on the website for investors……oh yes I forgot they f***ing lied about that as well. I love that Eagles track Lying Eyes……I may have to change the words to Lying C****. Angry? Oh boy am I angry. Not about the money, I understand the risks and accept any losses. But the outright lying is beyond belief.
This was received at 3:20pm on 25th April
“Dear Steve
Thank you for your email and we appreciate your frustration and disappointment. The Company is looking to put together a Question and Answer summary on its web site and hope to have this completed in the next day or so.
The recent increase in the price of LNG has made it impossible for the mine to operate with such an increase in a direct cost.
Best regards
Paul”
Liar! 2/3 days you said quite clearly. Does anyone know how you lodge an investigation into an extremely large sell hours before the suspension? Anyone seen/heard of Kevin? I hope he’s ok!!!
Happy! Lol
It is absolutely another indictment of the sheer arrogance of the man and disdain that Masterman holds his PI in. He really doesn’t give a flying f***. I know he will lose a huge amount of money here but let’s put into perspective. He has many more millions to fall back on. My loss will hurt but will not break the bank but I suspect there are a lot of PI’s in here who fell for his slick presentations promising production and profit over 4years ago and still to be achieved. Add into that mix the high quality of rampers (anyone seen Kevin since that big sell just before the suspension?) and their strong criticism of the likes of Tungder et al. It’s been the so called trolls who were attacked and vilified who have been proven prophets. Masterman will survive with or without Wres, a good many hard working folk who staked their pension in this won’t. This inability to deliver ANYTHING the management team promises surprises me not any more. Over a week since the promise of a day or two and still we are kept in the dark.
I was chatting on the phone with another PI who is also in Wres, more invested than I. They tells me they are quite chilled (not at all happy) but chilled about this situation and that all will be well. They have been i this situation previously with a couple of companies who have pulled through. They think Wres will do the same.
They don’t post on here so not a member of the Rose Tinted Masterman Fan Club. My view is still that we are screwed….but they were insistent that providing Masterman can come up with a plan to ride this out we may yet be ok. Any thoughts?
‘Twas I. Monday last week so 2/3 days would have been by Wednesday in my book. A week has passed and nothing….how unusual!
“ Dear Steve
Thank you for your email and we appreciate your frustration and disappointment. The Company is looking to put together a Question and Answer summary on its web site and hope to have this completed in the next day or so.
The recent increase in the price of LNG has made it impossible for the mine to operate with such an increase in a direct cost.
Best regards
Paul”
You read correctly and shock horror we are still waiting. If you were an unwary investor viewing the W resources website at first sight it seems all is well and it’s a good investment….only once you drill down into media and investor relations (now there’s an irony!) that you find the bad news.
For serious difficulty read impossible. Imo this is dead in the water with no way back. Usual lack of communication, keeping LTH pi’s in the dark yet again, treating shareholders with total and utter contempt……anyone seen Kevin???
It is bereft of life. It has left this mortal coil….
http://montypython.50webs.com/scripts/Series_1/53.htm
We’ve got a thumbs up (recommend) button on here we could do with a thumbs down button too.
So where does that leave us PI’s? Screwed, stiffed and sold down the river. The silence and lack of communication from Masterman is disgusting. Supposed to be a Q&A facility on the website, not appeared yet. Mothballed…how long for? Does our investment sit in place until it starts up again? What are the financiers doing? Will it be sold off? So many questions so few answers.