Member Info for jaf1948

Safety,

Fair points. All I can do is present what I see as happening in WRES and hope people make the right decision. Alas, I wish I knew what the 'right decision' is but at least people can read more than one point of view.

Troajan,

Yet again, you make things up. Here is what I wrote on April 23rd, 2019 - it's still on here:

'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.'

Some I held, some I traded. Of course I didn't think WRES was a bad investment the whole time.

I have written comments similar to this in the past but I will try once again.

Over the past 10 years, I have lost over £50,000 in three separate companies (money which I though I could afford to lose until I actually lost it but that is another matter). Although I did my research, I also read bulletin boards and reading so many positive and optimistic comments with the paucity of negative comments convinced me that the positive ones were right. They weren't.

I bought into WRES in 2013 but by 2016 started to become disillusioned. Whatever problems arose, positive comments kept being published on here. I realized that if I stopped posting, there would be very little balance on the board for current or potential investors to weigh up the pros and cons of the company. So that is why I post - I only wish someone had done the same for me in my three losing companies.

I have no other motive than that. I am not looking to 'buy in' at a lower price - until production and costs are proved, I am staying out. I am not now, or never have, colluded with any other poster, and indeed have never knowingly met any WRES poster. I do not want anyone to lose money here or anywhere for that matter.

The blinkered people who filter comments will not read this and even if they did, it would probably not change their mind about anyone or anything. That is their choice.

Make it 5, Suthy.

£100 between three of us (who are of course only one anyway). Too rich for me, thanks.

Troajan,

Either ask LSE to expel anyone using duplicate ids (which they will according to their own rules) or shut up about it as it is a total nonsense without any proof on your part whatsoever.

'Production coming and an estimated $20m ebitda in 2020.'

Of course, Kev, you will be correct. Like your estimate of $3m EBITDA per month for the last 3 months of 2018 and your estimate of $40m for 2019.

Funny how it never gets called out by MM's fan-club members.

Troajan,

You can't help yourself but make up things. 5 seconds checking and you would see I haven't even posted today (apart from this of course).

Kalan,

The percentage of posts on this board that are positive about WRES by far outnumber the negative posts. So by your logic, the sp should have gone up, unless, of course, the negative posts were more accurate than the positive ones.

If, by following a troll, you do not invest in a company and then that company does well, you lose out on some POTENTIAL cash. If, on the other hand, you follow a ramper , buy into a company and then the company does badly, you lose ACTUAL cash. Which is better for the investor ?

Anyway, anyone who bases their investments on the comments on a bulletin board maybe should not be investing in the first place.

P.S. Sorry I took so long today in posting my daily comment - I couldn't remember which IP address to use....

Mogwhy,

For something to be true, it needs, of course, to be proven to be true. That is the definition of truth. Your comment is therefore both correct ('You can go to prison in the UK for making truthful statements that you can't prove') and wrong (by definition, a 'truthful' statement must be proven to be truthful).

Before anyone gets carried away on their moral crusade, there is a great difference between the comments some of the so-called trolls write on here, and what a court would find libellous. No statement that is true can ever be libellous, so someone saying, for instance, that a company is low on cash and will probably need more placings is a valid and totally legal comment. A suggestion that the company will run out of cash and cease to function is also not libellous if it phrased that way. Nor does it matter is that same comment is posted every day - it still isn't libellous.

Reddington,

I do not know Devil’s motivation but I post to counter the over-the-top rampers. Of course there will always be a positive majority on a bulletin board as those invested want to know as much as they can about their investment, and that is how it should be. But to drown out, ridicule or filter any negative comments is, to my mind, counter-productive.

Kev has made 168 posts on WRES in the past 30 days. Every, not just one, every prediction he has made about production and EBITDA for WRES for 2019 has been wrong so far - for the record I should add that all have been over-optimistic..

There is no criticism of Kev's posts.

Devil has made 186 posts on WRES in the past 30 days. Some of his points have been correct.

There are many many criticisms of Devil's posts.

Cookie,

How do you know they are selling tungsten ? There is no mention of sales, production or income in the RNS.

As an aside, does anyone know is the off-take agreements are still valid or have the potential buyers got tired of waiting for shipments from WRES ?

Troajan,

You are a very unpleasant person. If one of the gang posted that quote from the Daily Express, you would have thanked him or her. But because I posted it, you have to assume an ulterior motive.

In today's paper: 'W Resources rose 0.04p to 0.39p after a positive update on its La Parrilla tungsten mine in Spain'.

There you are, Troajan. Don't say I never post anything positive.

As I have said before, you cannot expect any one person to give balanced posts - does someone support Arsenal one week and Manchester United the next ? All anyone can ask for is for the board to be a mixture of views.

wasp,

I'm gutted by that news. My posts are no more repetitive than the ones from the rampers, and you must remember there may always be new readers who actually want to hear more than one side of the argument.

Kev,

Clearly not obvious to GIT though.

'we will see a significant rise as the proof of future profits will be there'.

Since GIT has me filtered in case I post something that might upset his snowflake sensitivities, could someone point out to him and others that production will not prove future profits - production is necessary but costs are what will provide proof of profits.

Troajan,

Do you do any homework at all before you post ?

Oldie 2660 posts since 2014
JAF 3090 since 2011
Devil 326 since 217

I don't know who the fourth person is but these numbers don't come to tens of thousands and that is on all companies, not just WRES.

A certain Troajan, on the other hand, has posted 61,055 since 2014.....