Member Info for goingunderground

09:41:57 8.00 5,600,000 448.00k

Do you mean SOLD

Where is Moses ? he was pretty experienced in watery situations

"Child" How apt :))

I'm concerned. I hope there is not a 4 mile pier.....

K3VMC - "GUG, the atlas facility is still available. Mr Masterman has less dilution of his holding, using a placing instead."

Well in that case his altruism knows no bounds. Shaft the very people that have been keeping this going. I hope you took part in your normal way of offering support to this despot

Let's see if he actually goes through with his stated purchase of shares this time. I would think that he will have no choice as the likelihood is he invested a minimum of 10% because that was a requirement for the placing. nothing more.

L200 "I take it most of the rampers are still in bed."

or on a 5 mile walk.

Atlas drawdown would have been a better deal than this.
Maybe Atlas know the truth and refused to advance further funds. I mean what use is a flooded mine ?

To have raised the £2.5m with Atlas would have required only 29m shares with no warrants. (Based on 5% discount from 9p)

There is much to come out of the woodwork here.

Its 35% + Warrants
Warrants = 14139305 (1 for 2)
So with warrants that's 42.417,915 shares

Total voting rights currently is 80,823,827
So with warrants that is 52.4% Dilution.

8.5p to open best case I think

It could be a new business venture. "The Lido @ La Parilla" A water park with a deep water diving facility, Conveyor belt water slides. It could be a "blast"
Safetyman was right on one thing when he suggested there could be some news in advance of the webinar.
I'm pleased I wasn't in this one over the weekend

His timing is hilarious.

"W Resources Plc (AIM:WRES), the tungsten, tin and gold mining Company with assets in Spain and Portugal, has completed a placement of 28,278,610 ordinary shares of 0.1p per share ("Ordinary Shares") at 8p per Ordinary Share to raise £2.26 million (the "Placing") before expenses to new and existing investors. Michael Masterman, W's Chairman, intends to participate and invest £250,000 on the same terms as the Placing, once the Company has published its accounts for the year ended 31 December 2020 and the Company is no longer in a closed period; this will increase the fundraising to c£2.5 million. The Company will publish its accounts in the coming weeks.

Subscribers under the Placing have been offered warrants to subscribe for new ordinary shares ("Warrants") in conjunction with the Placing Shares on the basis of 1 Warrant for every 2 Ordinary Shares subscribed for. The Warrants are exercisable at any time in the two years following admission of the Placing Shares to trading on AIM at an exercise price of 12p per share."

Well at least you have something to talk about on your call today. :-)
I mean 8p. with 50% warrants at 12p. They would have been better off taking money from Atlas rather then looking after themselves. That would be a better deal for existing PI's.
Shameful.

Twaddle.

K3VMC

Who said anything about how many comps Troajan is in. Scorpio said Safetyman, no mention of Troajan.
You just cannot help yourself twisting things can you.

Its the german steel manufacturers fault. They're to blame for the lack of notification. Still waiting for Compensation for the first mess. ))

"Tin massively above the Shard forecast"
"Tungsten above the Shard forecast."

Shard have not made any forecast at all. They have made assumptions. In the case of Tin which is currently flying high, the express caution because of price volatility

"Our model now assumes flat $260/mtu going forwards. Although this is conservative, we will
review our price assumptions if the improvement in tungsten fundamentals is sustained.
$260/mtu was in any case, close to the 5-year average pre- Fanya/Covid. The LME tin price is
currently at multi-year highs ($27,833/t) having increased from c. $15,000t a year ago. Our
model now assumes an average price of $23,000/t for 2021 before descending to $20,000/t
long-term. Although this may seem conservative, our assumption takes into the account the
fact that tin is notoriously volatile."

He also says "Production increasing"

Yet when you look at the production numbers provided in the formal RNS notifications, It is not.

I was thinking more of a gangsta rap

Do you have music for those Lyrics ?

"Endless waffle" then its a "Fair summary ? Make your mind up ?