Member Info for jaf1948

Kev,

I promise I will apologize to you when we make $36m EBITDA in a twelve month period. Until then, stop making things up.

I am not your mate, especially not in the biblical sense.

Realrealist pointed out many factual correct items as well as going over the top on others. I supported the items which were factually correct.

You, and others, support Kev when he talks about $3m a month, even though that is double what the company is expecting. In your own way, you are as bad as RR was, but you cannot see that.

GIT,

Let me say it one more time. I am NOT negative about WRES - I have NEVER been negative about WRES.

I am a shareholder who has held most of the time since 2013. My problem is that too many people on here refuse to accept anything that is not positive. This morning, we had people saying 0.6p by close of play. We have posters saying 'one day nearer production' when the fact that we are delayed means it has been clearly untrue on some occasions - we are further away from full production than we thought we were at Christmas.

My glass is neither half full or half empty. We are invested in an AIM miner which has the potential to makes us all quite wealthy. It does not do any of us any good to pretend that everything is going perfectly and that a profitable WRES is a given.

Troajan,

I am fed up with your constant sniping at me. I have had a few goes at Masterman (and so have many others recently), but Masterman is not WRES and I have never said anything bad about WRES.

You won’t find a single post where I have ****ged off the company off as you put it.

Just some of them: no news on production; no firm dates on concentrator; no news of the effects of delay on cash flow. You can read into it want you want - I am going with the market’s reaction.

Apologies - I meant loan not grant.

Franny, Of course I want WRES to do well but pretending a poor RNS is good only fools yourself.

GIT, You may think it was good-the market clearly doesn’t. Am I being negative to agree with the market? All your optimism is good to read but doesn’t reflect the fact that the sp is still below where it was even before we got the grant.

Oldie, Your post this morning basically reflected what I have been saying for the past year. We are heading in the right direction but we’re not there yet. I’ll have a dozen oysters followed by the lobster. Thank you

I don’t understand why people are saying that today’s RNS was good. All it did was confirm that we are still behind schedule. It also did not state what effect the delay is having on cash flow. Unfortunately, the market is more savvy than most of the posters on here, Oldie excepted.

I was thinking more about the time float - how much this delay affects the critical path - but in the end it does come down to money.

Alas, we weren't privy to the full project plan and therefore we don’t know how much and where the float is.

In the latest presentation (February 2019) on slide 23, it states Jig commissioning is March 2019.