Member Info for InstantExpert

"The figures are known but not published via an RNS yet."

The gatemen at La Parilla will know how many 20T shipments have passed through the barrier.
I personally counted three empty (Presumably) trucks in less than an hour, lunchtime on the 29th last week. They were from GRUSOL, based in the port of Huelva.

A poster on the Adfvn BB is saying sea shipments must be documented in a "Bill of Laden" notice which can be requisitioned by the public, but you would have to know who the shipping agent was.

I don't have be any more funds to add now so I'm just going to wait for the Q3 production RNS.

Fingers crossed it's a game changer.

£111,440 Rollover.

Someone paid 8.20 for 50,000
Selling now at 7.90

Sorry to say it is not possible to buy 700,000 shares ATM.
Especially twice; the second trade being at a lower price to the first, would signify a rollover IMVHO.

From 18th March 2019 RNS:

"the full Aggreko LNG power plant are in place and operational. Iberdrola, the Spanish utility company, is on schedule to upgrade grid power supply to 1.5MW in Q2 2019. "

Electricity prices still soaring.

Last year. 0.46€/ KWhr
Last month 1.88€/ KWhr
Today. 2.90€/KWhr

All prices are for residential contracts. Industrial rates are less but it would be nice to obtain an indication of how/if WRES is hedged against this with Iberdrola ( their 1.5MW facility provider).
I have Emailed them about this but yet to receive a reply.
If anyone else has had previous contact with investor relations, perhaps they could make separate inquiries.

IE

MORGAN STANLEY RAISES CENTRICA TO 'OVERWEIGHT' (EQUAL WEIGHT) - TARGET 75 (58) PENCE

ii have just offered me 7.26p for up to 250,000 shares in one trade.
Looks like something is going to happen.

These are the haulage contractors from Huelva

https://grusol.es/

That appears to be bourne out in the 2017 FID report which can be downloaded from the WRES website. Logistically, European offtake customers would be better served by using local haulage contractors rather than Huelva trucks having to serve them. Huelva is 330km from La Parilla in the wrong direction.

"Initial production will utilise standard road transport in 20t shipments to European customers. As the production increases in 2020 road transport will remain as the primary shipment method, however
seaborne freight to North American and Middle Eastern customers will be accommodated though
one of Spain’s largest ports, Huelva, which is 330km south of La Parrilla mine site."

July Total: 68.1 ton
August Total: 75.6 ton
September Total: 147 ton

So 290.7 t. for Q3

K3VMC@ 09:17

To my mind, logic dictates that if you truly believed what you posted, then you would not post it at all; a clear minded individual would keep it to themselves, throughout those years,
and use that knowledge to their advantage.

I added a few last week but holding steady for now.
It did appear very busy last week at La Parrilla, I must say. But MM could easily bleed any rise here with a big display of confetti.
Forever cautious in start up mining stocks.

GL

IE

I noticed trucks pertaining to a haulage company registered in the port of Huelva whilst on a daytime site visit the other day to La Parilla. Two arrived together when I was standing by the entrance talking about employment prospects with a mine supervisor (gotta go back with a CV).
I passed a third when I was leaving.

Could this mean WRES are now shipping to their customer in USA as well as the European one?

IE

Can't help feeling the Chairman stepping down leaving just 25K invested here is going to have a long negative impact on sentiment now.

Really need a contract now more than ever IMO.

Or perhaps Laurie Mutch and Philip Sanity, with their 60 odd combined years working for RDS, will steer this neatly into Shell's big net now.

Who knows

IE

Oh, I'm sorry, let me just correct that.

Can't help feeling the CEO stepping down leaving just 25K invested here is going to have a long negative impact on sentiment now.

Really need a contract now more than ever IMO.

Or perhaps Laurie Mutch and Philip Sanity, with their 60 odd combined years working for RDS, will steer this neatly into Shell's big net now.

Who knows

IE

From my calculations WRES needs to have produced at least 120t concentrate last month to have any chance of realising their production target for this year.

All figures are combined W & Sn

H1 222t
July 68.1
Aug 75.6

Total 365.7t

Shortfall against lowest 880t target = 514.3t

To meet that we need 128t per month

To meet the 1000t that, just recently, MM stated we are going to see; that will require an average of 158t per month.

Looks to that they are going to need the Sn back on line, and fast!!

IE
IE

How hard can it be, especially as you post on the JLP board as well!

Here's the C&P of Kaiser B's post from yesterday on that board. It is the first post you will see if you look now. Please be advised that the main part of the post is specifically discussing JLP, not WRES, and comes with no recommendation to invest there.

"My TwopenethFri 14:44
For what it is worth, here are my thoughts:

The Mopani deal is a real game changer for me, but the one thing that WE NEED TO SEE and the broker note alluded to this too, is the breakdown of costs for the products and what, if any copper/copper concentrate we sell to the government is priced at, etc. Once that information is known and we know the rate of tons per month, etc, the market will have to correct to a more reasonable price.

Cyprus, where I currently am, is going to be good for us, as a good bit of copper/gold recovery from waste will prove that the process we have CAN work for any metal and that will probably start the process of someone, much larger, buying us out.

South Africa will keep chugging away in the background, which is the bread and butter for the entire operation, as this stability gives us the ability to go for more and more deals, hopefully without ANYMORE dilution, unless the deal is, for example, to buy all the spare refineries and all the copper tailings in Zambia and we control the job lot and can run at whatever we like for as long as we like, then yes I can say that dilution is acceptable to me, but it has to be mind blowing for me to thing it is a good thing and before anyone says, trust the board or sell up on move on. Whether I trust the board or not, is NOT dependent on my belief that this company will help me provide for my family and the next person that disagrees or says to other investors with a different viewpoint to them, that they should sell up then or trust the board completely will get both barrels as a spirited debate SHOULD always have opposing views, as that way information is sought to prove or disprove people's views and that is great for all of us, as an open minded approach to investing is key. As evidence of this, I went to an investors night a couple of years ago for a small AIM company who at the time, weren't producing ALOT of Tungsten in Spain and unfortunately still aren't and I listened to the CEO give everyone the usual speil and afterwards all the hangers on back clapped and cheered him, but I got talking to another investor, he was a big investor in AIM companies at the time and the CEO so badly wanted him on board as an investor, but the guy was asking difficult questions of the CEO, such as recovery rates, etc. It turned out the big investor had done his research and he stayed out of the company, the company spiked and after talking to him, I made the decision to sell out when I could and I did sell out on a spike, making a few quid in the process, where as the back slappers and cheerleaders are probably sat on quite a loss at

I've just been reading this week's posts on other stocks I'm interested in and read this from Kaiser B on the JLP board:

"I went to an investors night a couple of years ago for a small AIM company who at the time, weren't producing ALOT of Tungsten in Spain and unfortunately still aren't and I listened to the CEO give everyone the usual speil and afterwards all the hangers on back clapped and cheered him, but I got talking to another investor, he was a big investor in AIM companies at the time and the CEO so badly wanted him on board as an investor, but the guy was asking difficult questions of the CEO, such as recovery rates, etc. It turned out the big investor had done his research and he stayed out of the company, the company spiked and after talking to him, I made the decision to sell out when I could and I did sell out on a spike, making a few quid in the process, where as the back slappers and cheerleaders are probably sat on quite a loss at the moment, as the recovery rates are REALLY low, but improving slowly."

Could he be referring to WRES?