Member Info for jaf1948

marklee,

A non-sequitur. If I reinvested, I would moan more !

MM invested £41k today - If I were to invest a similar amount of my total wealth, it would be a very small amount indeed, certainly nowhere near £10k. As I have said many times, the risk / reward is still not good enough for me - I would love to gain another £10k but I cannot afford to lose £10k.

safety,

He didn't put the money in out of the goodness of his heart - he put it in because he knows, better than any of us (except possibly Kev) the state of the company.

And the other side of the coin - how much has he taken out in the same period in expenses, consultancy, fees etc ?

Even I accept that is good news.

The spread was 0.40 - 0.45 all day yesterday.

I was simply trying to point out the faulty logic on here, not trying to score any theological points.

We were all taught the famous logical flaw - Elephants are grey, Battleships are grey therefore all elephants are battle ships. To say there must be 'market shenanigans' just because the FCA exists is as erroneous as saying there are churches so therefore God must exist.

But no, some people on here must have a go at nyone who doesn't agree with them.

You can't attack my logic so you attack me instead. What a sad and humourless bunch you are on here.

Churches, mosques and synagogues are there but no-one has yet proved the existence of God.

And I can't prove the non-existence of God either.

Most conspiracy theories arise because people either can't or won't accept the most obvious explanations. The most obvious explanation for the continuing fall in WRES's sp is the fact that profitable production keeps getting pushed further and further back. This, and the fact that OPEX figures have yet to be proved gives sufficient explanation for the fall.

GIT,

Just to remind you - the referendum question was 'leave' or 'remain' - no mention of deals or anything else. Both sides exaggerated their position, not just one of them.

Leave won, so we leave. That is called democracy. A second referendum before the first has been implemented is a complete denial of that democracy. Fine, let's have a second vote in a few years but remember leavers had to wait 41 years for a rerun.

Kev,

You really don't understand irony. For most of 2018 and some of 2019, you kept quoting production figures and EBITDA way above even what the company was forecasting. Did you back it up ? Only by saying the company was being conservative.

mogwhy, thanks for the quick reply.

mogwhy,

I'm not trying to be funny but for what period is your £36m revenue please ?

I didn't know him personally, but it is always sad when someone goes before their time. RIP Wassatt.

Kev,

I never said it was running 6 months late. I said 'around 6 months late' - you carefully miss out that word. Oldie says 2 years late.

How late will you claim it is running (to the nearest minute please - I don't expect any less from you) ?

Thechaser,

I have held WRES for most of the past 7 years and I know quite a bit about the company. Why do you and everyone else assume I have no interest in the company just because I currently don ‘t hold ? If things change, I would happily become a holder again.

Kev,

Last September after you visited the holy site, everyone came back with the glowing reports that WRES had employed the best engineers around, had ordered the best equipment from the best companies, and of course had MM as the trump card.

Now nearly, a year later, the project is running around 6 months late and yet we were told that it was all so simple. I have not been told by the company of everything that has gone wrong to produce this situation and I am not a mining engineer so I probably wouldn't understand the implications anyway, but the net result is that WRES is around 6 months late.

And you ask me what can go wrong with the costing !

thechaser,

I don't do schadenfreude -if it turns out well, good luck to you.

thechaser,

Yes, it all looks impressive and has looked impressive since the start of the construction work. The building of the plant has never been the issue, even the delays. The issue has always been can WRES produce what it says it can produce at the price it says it can produce it at.

Until that is answered, the sp will not make the gains everyone is looking for.