Member Info for GETINTHERE

European

Those that kept saying there would be another cash raise were also saying that the SP would tank and some were saying that WRES would go under !

Neither are very likely with a placing much higher than the SP.

The delay to the concentrator has meant that we are not going to reach full production as quickly as we otherwise would have, and the grant won’t come in for another couple of months, but we still have to pay all of the employees so more money is needed in the short term.

Placing shares at 0.5p which is a 33% premium to the current SP shows that the Spanish investors have every faith that WRES will be a very profitable company going forward,

Yes it means that the long awaited uplift in the SP is likely to now be next year rather than later this year, but from my perspective as a long term investor, so what, it’s the end result that matters.

If I had more cash available I would be buying more.

It makes me wonder if the motley fools have some kind of link with Gladstone (who having increased their short have seen the SP increase every day, and who therefore must be getting somewhat concerned)

There was absolutely nothing new in the fools article and it was inaccurate, stating that shares were trading at just below £8.00.

I can’t see any institutional investors taking any notice of the article, they’ve all done their due diligence and it is their large buys that have got the SP moving back up towards a more realistic level.

Ali

If motley fools are so great, surely we could at least get expect them to get the current share price correct ! The article is published today and states shares are trading at just below £8.00 ! Whereas as we know the share price is way above that !

Kev,

I disagree, a new vote will decide the matter based on the facts not the fiction, and I would certainly accept whatever the outcome was, the reason I don’t accept the original vote was because so many people were mislead (by both sides)

Having another vote, now that the true facts are known, is very clearly, the common sense, logical and most democratic way fire wars and it will help to unify the nation

Anubus

Have you read the 6 page report I posted, it’s the governments own report and is very worrisome!

They redacted item 15 in the list, clearly this can only be because it was so worrying (most likely the massively increased threat of a terrorist act, as they would not want that published)

Attila, my guess is that you do not fall into the poorest category and as such it is easy for you to talk about short term pain as you won’t suffer it !

Whilst you may still believe you voted the right way there are many out there who now knowing the truth ( the brexiteer liars told the public at the time of the referendum that there wouldn’t be any of these issues) would now in a second referendum vote differently

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/831199/20190802_Latest_Yellowhammer_Planning_assumptions_CDL.pdf

If no deal becomes a reality the poorest will suffer the most whilst the richest will feel no direct effect

European

I voted remain and hopefully will get the chance to do so again.

I don’t like the fat cat, overpaid and underworked European political elite, but believe that the way to deal with that is to stay in and work with others to bring about reform.

So, please do not presume that you know the thoughts and voting preferences of the majority of people on this board, you do not.

Nmh19

No mate I’m not and never was a chemist, the closest link I can claim to any such thing is that my daughter qualified as a doctor earlier this year !

Twenty

Thanks for posting the report, it certainly puts matters into perspective, MW threw lots of mud, but as time goes on less and less of it is sticking, because of one very simple fact, their attack on Burford was based upon very few actual facts and was entirely motivated by their greed, the reason why they were successful is because people panicked and because of stop losses that were automatically triggered.

Burford will recover and those that invest now will prosper.

Nmh19

If I win the euro lottery tonight I will stick a million in, but sadly without that unlikely scenario my cash is currently all tied up, mainly in our other, hopefully soon to be very profitable company.

Including a £1,000,000 buy that showed after the close.

In my opinion, for what that’s worth! It’s looking good for a blue start tomorrow.

Burford will come back, it may take a few months but it will return to a much higher level.

Tomorrow. Providing they have now agreed on the angle of the deposit in the ground, if not then whenever they do finally reach an agreement.

Troajan

I asked about the old concentrator at the AGM and Michael said that whilst the new one was being commissioned the old one would be operated as well mate.

Dreamy

Your dreaming again !

Mogwhy

Well that’s a possibility but I think it more likely that buyers have reduced their normal inventories because they are hoping to buy more cheaply in the auction.

Of course, it’s possible that if there are a lot of buyers who are short of the amount they would normally hold in inventory, that the bidding prices may be higher than they expect and rather than depress the price further it may result in an increase.

Time will tell.

Morning mogwhy

My take in the tungsten price situation is as follows:-

1. Most of the miners have contracts in place for the sale / purchase of large amounts of what they produce, WRES as we know has two customers who have between them contracted to take 80% of our production.

2. Companies who purchase tungsten on the open market are not likely to buy any more than the bare minimum that they currently need, because all of them are aware of the circa 30,000 tons that Fanya have been instructed to auction off on the 16th / 17th of September, by the Chinese government.

3. Given the above the price of tungsten is currently stuck where it is, BUT, the Fanya stockpile being auctioned, whilst currently causing a depressive effect upon the price, is, when all said and done simply a blip, 30,000 tons is approx 4 months worth of the current worldwide production level, and it is not going to depress prices for long.

4. Most major commentators are still saying that demand for tungsten will outstrip supply, and that can only lead to prices increasing over the coming months and years, which in turn will lead to a much higher SP for WRES.

I believe that most of the people invested here understand the above and that is why they are still invested, it is certainly why I am still waiting after 7 years.

The plant being completed was already known, the drone footage just shows it working, hence no need for another RNS.

When commissioning of the concentrator is finished which is expected this month we are then likely to get another RNS