Member Info for jaf1948

langtro,

A simple bit of research would show that every one of your statements is a lie:

1. From 2013 to 2016, all my comments were positive. However, since posts prior to April 2019 have been deleted, neither of us can prove it.

2. I have never said I 'wouldn't touch the comp,with Masterman as CEO'. I have said I do not think MM is CEO material. Prove otherwise or withdraw.

3. I made no u-turn last year. I have been making negative comments since 2016. Prove otherwise or withdraw.

4. I never said I 'made 10k,in a 12 month downtrend'. I said on April 23rd 2019 at 8:49 a.m. 'Since 2013 I have bought (and therefore sold) 25,199,927 WRES shares paying £119,794.45 for them and selling them for £129,933.26, a profit of £10,138.81 which is 8.46%. Not much for nearly 6 years investment but at least it's a profit.' Prove otherwise or withdraw.

You should be ashamed of yourself. Troajan posts' facts' like this without bothering to look up the truth and now you are doing the same.

Kev,

LOL - my greatest strength is my modesty, or should that be my greatest weakness.

Kev can be arrogant; Troajan can be boring trying to impress us with his GCSE in 'Copy and Paste' but GIT takes the award so far in 2020 for posting platitudes and ignoring what's actually being said about company.

I think you'll find it is 0.307p not 0.37p

dreamy,

Good and valid points - yes, Blackrock would have to be happy with Wres’ business plan but nevertheless, they (Blackrock) will also make money if it fails.

One more time:

Blackrock doing Due Diligence and lending money to WRES says NOTHING about the prospects for WRES. It says that Blackrock are happy with the investment for ITSELF. If WRES succeeds, Blackrock make money. If WRES fails, Blackrock own all of WRES's assets which they can sell to another, probably larger, miner for considerably more than they have paid out.

Thanks, Franny !

It also begs the question why some people come onto Bulletin Boards only to filter anyone who has an opposing view.

My own opinion is that there are as many 'nasty people' holding positive views as there are holding negative views judging purely on the nature of their comments.

I will not get into a slanging match with Troajan. My post at 14:20 used the company's own presentation and the company's RNS.

If you're saying those are wrong, take it up with the company.

Why does MM not tell the truth and explain what went wrong in 2019 ? It was not a few weeks delay in the steel that has caused the problems so why not tell the market the real reasons, get some credibility back then make some realistic milestones that are attainable.

Oldie,

How wrong of me to use the company's own dates to make my point. I shall hide myself away and say three 'Hail Michaels'.

'Most of us know that there were delays in ordering the steel for the plant. Do you read the RNSs?'.

The RNS of February 5th 2019 stated 'Jig Plant construction has accelerated following some initial delays in receipt of fabricated steel and the new mills have arrived on site for immediate installation. The Jig Plant is expected to be mechanically complete in early March and commissioned through that month.'

This is in line with the February 2019 WRES presentation which showed, on slide 23, the Jig completion and commissioning for March 2019. It also stated two lines later that Large Scale Production was, and I quote , 'from 2Q 2019.'

Using the steel delay as an excuse for being well over 6 months behind schedule is therefore stretching credibility somewhat.

GIT,

Thank you for putting us right on a question that we did not, in fact, ask. Neither of us were talking about how companies market valuations are determined - we were merely pointing out how we based our own holdings, which is on the bid price.

Your rudeness and your need to always be right just remind me why I try to minimize my postings on here.

London Stock Exchange

The London Stock Exchange Portfolio Service gives you all the tools you need to monitor your investments. Different valuation views are available showing a wide range of data and news stories for all the stocks in each portfolio.....The Value and P&L figures are based on the Bid price, which is a more accurate indication of what you would get if you sold the shares.

A J Bell

What prices are used to value my portfolio?
For any UK listed shares held in your portfolio they will be valued using the bid price.

Stockopedia

Portfolio holdings are valued by default at the last traded price, though we also provide a Site Setting that allows valuation at the bid price if preferred......the bid price is a better reflection of the realisable value of the portfolio

If you value your portfolio at mid-price, then when you come to sell something, you may find that you have less than you anticipated. If you value at bid price, you will either be spot on or, with luck, a bit better off.

Each to their own, but someone is not 'mistaken' for valuing at bid price. It is personal preference.

Pantaleon was right last week and right again today. A share should be valued at what you can get for it, which is the bid price. You will not be offered the mid-price if you try to sell something.

I don't often post these days (this is my first for 2020) but I had to repost Mogwhy's July 17th 2019 effort so people can compare it with his 15:24 post today.

Mogwhy July17th 2019

Lots of potential news in the next few months.

Q3 - Concentrator completion
Q3 - Gold JORC update
Q3 - Concentrator commissioned
Q3 - LP plant completion
Q3 - Increase in employment level to 200 full time.
Q3 - Ramp up to full production
Q3 - Tarouca exploration licence renewal
Q3 - Regua FID
Q3 - Sao Martinho trial mine licence granted
Q3 - Production & sales update
Q3 - WRES announces cash flow positive
Q4 - Audit for compliance of 5.3m grant conditions
Q4 - Transfer of old concentrator to Regua
Q4 - Regua ore mining contract
Q4 - Regua JORC update
Q4 - Regua concentrator commissioned
Q4 - Regua production starts
Q4 - Greenfield acquisition
Q4 - EIA approval for T3.5
Q4 - 5.3m grant paid
Q4 - La Parrilla 200 tonnes per month production achieved
Q4 - Sao Martinho trial mining starts

safety,

We may have differences over WRES but not pets. Been where you are at the moment and it is very difficult - we had a cat from 8 weeks to over 20 years and losing her was hell. You have my sympathy.

Troajan,

I have reached my limit with you. I have never 'bashed' the bod - I have said MM is not CEO quality. Show where I have said differently.

I made many positive posts between 2013 and 2016. Unfortunately, they are no longer on this board so neither of us can prove it one way or another.

I did not, and do not, give a running account to any bulletin board of what I buy and sell and how much profit or loss I make. Nor does any sensible person.

I have not changed my story. I have already proven this evening that you make up things when it suits you as my cut-and-paste from April 23rd 2019 showed.

I do not believe in using the filter button - I prefer to read the stories you make up. I will just ignore you instead.

Rocketship,

It is so nice to have a post not criticizing me for a change. Thank you.