Member Info for jaf1948

Kev,

I have never denied that I sold at 0.28p. I have also never been asked whether I had bought at 0.28p. which I had.

Cherry-pick all you like and say that I am distrusted. The question is who distrusts me - if it is the MM acolytes who are sitting on £50,000+ worth of under-performing shares, then I'm really gutted !

You can libel an anonymous username? Yes - you can. Do a Google search.

Troajan,

I posted this on April 23rd 2019: '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%.'

At no time have I held 25m shares - I have bought and sold depending on my prevailing view of WRES at that time. I didn't plan to be a trader of WRES shares but that how it worked it. So sometimea I was indeed down, and other times I was indeed in profit. Overall, my figures are as stated at the start of this post.

Safety,

I expected better of you. On April 23rd, when I actually sold out, I posted 'Now that I am no longer a shareholder, I will not post on here again (I cannot see me buying back in) but reserve the right to report any post that is libellous of me.'
Since then, I have tried to keep within that limitation.

As for selling in the 0.2p range, I indeed did sell at 0.284p on June 2nd 2017. I also sold at 0.71p on September 21st 2015. So what does that prove other than sometimes I get it right, sometimes I get it wrong.

Kev,

I actually bought 650,001 at 0.28p on July 15th 2015. Please find and quote any post to the contrary.

I also bought many at 0.35p and sold at 0.71p. But I also bought many at 0.57p and sold at 0.44p. No-one gets it right all the time.

If anyone thinks that taking advice from Kev is helpful, may I remind you all of one of his (many) posts from July 20th last year:

'The guys on the ground have built more than their fair share of mines. We have the best kit money can buy. We have the resource. We have the finance. We even have a EUR5m+ handout from Extremadura.

All that adds up to $35-45m ebitda in 2019.'

Troajan,

I am trying not to comment on WRES itself as I am no longer a shareholder. All I will say is that NO-ONE outside of the BoD of WRES can have meaningful figures at this time. The stock market has not yet been given detailed information on sales, revenue, costs or cash flow, to name but four, so all projections are guess work.

My comment was to highlight that any low estimates are attacked but any high estimates are allowed to stand, especially when they come from Kev.

What a bunch of hypocrites you are on here. Kev has been posting figures for months which are way above even what the company says they will achieve, and the reaction from you all - silence.

Revenue figures are important but cost figures are vital - any company can produce at a loss.

Troajan,

I would be more impressed by your post if you did the same kind of analyses on Kev's fantasy figures. But of course you don't.

Irony is clearly wasted on you.

In terms of wanting WRES to succeed, yes we are all on the same side. In terms of expressing opinions, definitely not.

Just send an email to info@lse.co.uk.

But don't go - stay and fight the good fight !

Even if I were 100% confident in my investment, I would never filter people whose opinion is different to mine. First, it is sheer hubris to believe I have a total monopoly on knowing what is right, and secondly, I would analyse these opinions and work out for myself why they are rubbish or whether they contain something I might have missed.

GIT,

I have no desire at all in trying to sink your boat. To continue with your metaphor, what I am trying to do is to bring to your notice some icebergs.

or even 'board' !

Troajan,

If you REALLY believe you add balance to this baord, then I truly feel sorry for you.

DH posts what is happening now. Kev posts what he hopes will happen in a year or so. Who is the more disingenuous ?

Kev,

Didn't answer your question. All my other investments are in FTSE100 companies so there is little point in discussing them on bulletin boards.

One less thing for you to worry yourself about.

Kev,

Thu 22:39: you said 'Thu 22:39 Mcap roughly the same as prospective ebitda.' No qualifications to that statement so one would be correct is using this year's or next year's EBITDA figures as supplied by the company to support that claim.

After I challenged this, you come up with calculations to support your assumption, based on never-yet-achieved production figures, figures which even the company don't envisage for at least another three years. Devilhorns commented on your assumptions, which you of course have ignored.

'No-one challenged my calculations.' Your calculations are fine - it's just your figures that bear no resemblance to what is happening at WRES in the real world.