Probably the most critical week in the history of W Resources imo. Definitely in the last chance saloon and slugging down the last dregs of an almost empty bottle. If this fails it will be entirely at the feet of Masterman. Badly managed project, too many unnecessary issues with wrong kit/equipment/delays early on, lack of DD/planning with flooding/ore quality etc. very disappointed as I’ve made decent money before in following Masterman, but the doomsday clock for Wres is at around 5 seconds to midnight and still ticking towards its final moments unless Masterman can find someone either stupid enough or with elephantine size balls to back him. Talking of a load of bo***cks…morning Troajan. Lol
It’s going to be called “How to f*** up a project”.
Chapter one: How to reel in PI’s
Chapter two: Promises promises
Chapter three: How to overpromise and then fail to deliver
Chapter four: Excuses excuses
Chapter five: How to go silent for a long time
Chapter six: The art of the pre pack
I’ll be signing copies at Waterstones. £43 each copy limited edition of 1000. Gotta get me forty three grand back sumhow! Lol
RNS didn’t turn up as expected. I don’t mean expected like Masterman means it, I mean I never expected it to turn up. Why would he break the habit of a lifetime.
Spot on Dreaming. It’s been said before that the flooding and rainwater issues should have been foreseen. After all it has been mined before, perhaps that is why the previous mining company gave up! Was and real DD done or any real geological research/survey done, or locals spoken to? Masterman has an awful lot of questions to answer. Shame he’s lost his tongue…..yet again.
Yep….’ expected’ more woolly BS from Masterman, he doesn’t to definitely or accurately does he. Obviously the rose tinted specs don’t allow you to wake up and actually smell the roses. This is either dead in the water or it will be so long until most of us see our ave hit we’ll all be dead! Not sure who it was who came up with Disasterman but they sure got it right.
50/50 if we get it this week or not. Gave up expecting Masterman to keep his word a long time ago.
Oh how we laughed!! Smile they said things could be worse and lo I did smile and lo it did get worse!!
Still, look on the bright side. At least Masterman can’t f**k this up any more than he already has….can he? I’ve written this off in my head as a total loss as I really cannot see any way back from here. I’m not a pessimistic nor an optimist just a realist.
The heady days of optimistic posts from Bob about gardening nuns and glod. We were all so full of confidence buoyed up and in the belief that we were being told the truth. How wrong we were. I wonder if Masterman even knows what is really happening on the ground in Spain and Portugal. When was he last there?
On a more positive note at least Wres wasn’t todays highest loser….we were 2nd highest.
I’m holding only because it’s not worth selling and in the extreme hope that by some miracle I may at some time get close to my ave. Just cannot see that ever happening.
I’ve known a lot of companies who were ‘producing’ on the day the receivers walked in. Producing means diddly squat if you cannot service your debt!
Didn’t say it wasn’t if you read what I’d said.
What next quarter! You really think this will be operational by then? Deluded. It might be operational under new ownership but us long-standing pi’s who are now tens , some of them hundreds of thousands down won’t see anything from that. This has pre pack/ phoenix written all over it. Basic structure is in place, massive indebtedness walk away write off the debt and start up next day as W Resources 2022. It bloody stinks of it.
What an unmitigated pack of falsehoods we’ve been fed over the years. This rns is priceless a bit like the value of Wres now. This mine is well and truly F***ed as is my not insignificant loss. What a load of w***ers we have running this project. Angry doesn’t come close. I know start ups are never smooth running but this has just lurched from one mismanaged disaster to another. This has to be very close to being liquidated now surely we have passed the point of no return. Definitely taken a downturn since Pablo left. I wonder if we were given the real reason or wether he thought it was a lost cause back then.
Nudging £1.60 at one station on the A38 just north of Lichfield! £1.575 and rising almost daily.
Boring silent day in Wresland. Halfway through February on Monday. Getting very concerned now at this lengthy Masterman silence and still no reply to my email from Justine. The lack of respect for genuine hard working investors who have put their hard earned cash into this based on long overdue promises yet to materialise is disgusting.
11 days overdue on news of Q4. What part of that is even remotely acceptable.
Still not had a reply from Justine let alone acknowledgement of receipt of my question, no out of office message either, so I assume it’s been received.
Definitely feeling the mushroom syndrome now, kept in the dark whilst being covered in s***.
This lack of communication and information is now worrying as well as being unacceptable.
Nothing back from Justine as yet. Only 24 hrs since sent.
“Good afternoon Justine,
I trust that you are well.
I am wondering when we are likely to see the now well overdue Q4 2021 numbers?
(Current holding 150K @29p ave)
Kindest regards,”
I’ve just emailed Justine asking where the numbers are, why are they late and when can we expect them. …let’s see what comes back.
Neither. Not worth selling and far too risky to chuck any more into this hole in the ground…can’t really call it a mine can we! I’ll continue to offer a balance to the rose tinted glasses brigade who continue post irrelevant and out of date information on the board day in day out. Masterman is a disgrace. End of. Failure to produce what he promises tine and time again. I’m not selling as it’s not worth selling at such a substantial loss and I’m certainly not throwing any more of my hard earned readies Mastermans way so that he can carry on p***ing up the wall.
As at today I’m over 83% down. Hence my lack of interest in Troajan pointless historical posts (or should I say hysterical posts). This is a failed and failing project. Badly managed from day one. Wrong kit, wrong steel, wrong ore, lack of prep for water… there are no more excuses for Masterman (that’s where the buck stops for me). He is in charge, if not on the ground then he is responsible for those who are. None of them at present seem capable of either running a mine or even communicating with over patient shareholders. This is disgusting treatment of people who invested on the back of so much that was promised but on little that has been delivered thus far.
The next announcement needs to be the most amazing best news rns this company has ever put out. It need figures that stack up and make the project viable and/or gold news….yes remember the fabled gold of Sao Martino…..I remember it…but only just….or did I dream it? Tick Tock Masterman 8 days late and counting.