Member Info for GETINTHERE

Foody

No problem mate

Foody

So why the difference between the total bought and sold and the total shares traded as shown on LSE then ?

Foody

Follow the link below, but also, go onto the share price page on here and look firstly at the total shares traded, and then at the shares sold and the shares bought, you will see that if you add up the shares sold and bought figures that they are no where near the total shared traded, hence the trades that go through after the close :-

https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P00007OXV%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007OXV&ClientFund=0&CurrencyId=BAS

Yet again hundreds of thousands of shares changed hands

OMR

Back to the dizzy heights of 0.0975.

We just need it to continue going up by 0.0025 a day for the next couple of months and most of us will be back to even ;-)

Golfpro

The trolls will tell you that the 11 million and 12 million trades are rollovers / sells and buybacks into ISAs and they may be correct, however they do not know this to be a fact (unless they themselves have done it) so it is only a presumption.

I didn’t check the 11 million trades yesterday but the 12 million trades today show the higher price on the earlier of the two trades, which is unusual if it is a rollover.

Either way it doesn’t really matter mate the buys will roll in here IF and WHEN we see some decent figures.

Up $3609 per ton

Troajan

It seems to me that interest last year was paid in kind (PIK) and as such has not and will not be added again to the outstanding loan, but I suppose those facts don’t fit the agenda of the trolls.

The RNS detailing the situation regarding the additional $7 million and the interest published last year says :-

BlackRock Additional US$7m Loan Facility and Amendment Update

W Resources Plc (AIM:WRES), the tungsten, tin and gold mining company with assets in Spain and Portugal, announces that funds managed by the Global Credit Opportunities platform at BlackRock Financial Management Inc. ("BlackRock") have agreed to increase W's existing loan facility ("Loan Facility") by an additional US$7 million.

The additional funding will in part be utilised to implement a comprehensive production programme to boost production at the La Parrilla tungsten and tin project in Spain and provide a significantly increased working capital buffer.

As reported on 1 September 2020, W and BlackRock had agreed for W to pay BlackRock interest by way of payment in kind ("PIK") for the May 2020 and August 2020 interest payments under the Loan Facility and, at W's option, the November 2020 interest payment. This PIK Loan Facility amendment has now been finalised along with the agreement to increase the Loan Facility by an additional US$7m which is subject notarisation in Spain and Portugal.

Under the amendment agreement, warrants to subscribe for 96,000,000 ordinary shares of 0.1p each on a 1:1 basis in the Company at a strike price of 0.36p (equivalent to 1.2% of the fully diluted capital of the Company) were issued for the May 2020 PIK payment and warrants equivalent to 2% of the fully diluted capital of the Company will be issued for the August 2020 PIK payment. Should W PIK the November 2020 interest payment, it will issue warrants equivalent to 3% of the fully diluted capital of the Company. In addition, warrants equivalent to 3.5% of the fully diluted share capital of the Company will be issued in consideration of the increase in the Loan Facility. All shares issued under the warrant agreement rank pari passu.

Chairman, Michael Masterman commented: "Whilst we have experienced challenges with the development of the La Parrilla project in Spain, we remain resolute that the remaining plant improvements will prove successful. This confidence is further underpinned by the continued support from BlackRock at this pivotal point in production at La Parrilla. The initial US$2.75m tranche of funds has been drawn this week. The additional facility will, once fully drawn down, increase the total outstanding Blackrock facility to a principal of US$47 million plus accrued interest."

MIB

The only RNS that will make any difference is one that gives us some good news on one of various different fronts :-

1. production increase - (that’s due in April)
2. Regua starting up - maybe but unlikely with Portugal’s borders still shut due to the level of covid
3. Gold - maybe some news if he is still pursuing a JV
4. Refinancing - unlikely until we can prove a significant increase in production and as stated above production figures aren’t due until April

Any RNS that just says we are moving forward will achieve very little, and the trolls will criticise it.

We just have to be patient, it’s tough, I know, my investment is more than 4 tomes the size of yours and I am massively underwater, but a meaningless RNS won’t help, we need something really positive mate.

The £40 million is much closer to the net current debt, when you take into consideration that we have been promised the grant money which will pay off all of the Santander loan.

£40 million = $55.642 million

Any attempt to make it seem close to £50 million is purposefully misleading.

Not that £40 million is great, but it’s no where near as bad as £50 million

The £40 million is much closer to the net current debt, when you take into consideration that we have been promised the grant money which will pay off all of the Santander loan.

£40 million = $55.642 million

Any attempt to make it seem close to £50 million is purposefully misleading.

Not that £40 million is great, but it’s no where near as bad as £50 million

MIB

What news do you think we are due to get, before the next quarterly production figures ?

https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=WRES.L

Loads of 15,00, 16,000 and 17,000 plus trades showing up on morningstar

There’s a difference between £ and $

£40 million = $55.642 million

$63.5 million = £45.637 million

Over 1.2 million shares traded today over and above what’s listed in the buys and sells on LSE, is there still a large buyer on the prowl ?

https://www.fool.co.uk/investing/2021/02/15/synairgen-shares-5-reasons-why-id-buy/

It may be 3rd time lucky and we break through it, time will tell ;-)

That’s £1.93

Frankfurt is already open they are one hour ahead of us and the SP is €2.30 circa £2.00