Member Info for K3VMC

“believing that Masterman is some sort of God who is beyond question.”

I asked a very simple question, but I seem to have hit a nerve.

Chill. It’s only an investment.

Attila, all I asked was what the tick tick was for!

Anything specific, or just generally fed up of waiting?

Attila. Tick tick for what?

Safetyman, they get paid three days after the lorry leaves the plant!

Troajan, social welfare is a great thing, but has to be paid for, which the French cannot.

Very. Slow. Train. Crash.

Troajan, have you seen the footage of the French police wading into the gilets jaunes?
Every weekend for a year now.
At least we don’t have that!!

One of my pet hates is seeing a young mum with a fag in their hand and one or more kids that need a good meal.

Thanks GIT!

“La Parrilla, together with Saloro’s Barruecopardo project, are expected to significantly increase tungsten concentrate production from Spain once both projects have ramped up to steady state operations. In mid-October, Saloro’s 30% owner Ormonde Mining announced the company had entered into a €10M, 12-month loan facility with 70% owner Oaktree to provide additional liquidity support as it establishes mining operations at the project’s main orebody.”

I know certain posters do not like to compare WRES to ORM, as it makes the WRES investment case more compelling. The mines are about the same size and roughly the same stage of development, but WRES owns 100% v ORM 30% and WRES owes about $45m v Salaro at $100m. ORM has 30% of Solaro.

Now, think about that $10m facility at 15% that ORM has been forced to sign up to. Yes, they can take it in tranches, but they have committed to repaying that back within one year. If ORM can kick out enough cash to service its existing $90m AND repay the up to $10m at 15% within one year, I think the cash generated by LP on its own will service debt, repay some debt and get Régua up and earning!

:-))

Suthy, I took that from the Directors Talk tweet, as retweeted by Wresources this morning.

“Ramp-up activities at La Parrilla are underway with all components of the concentrator plant reported to be commissioned. W Resources said 5t of tungsten concentrate had been produced, while 2.5t of tin concentrate would be stockpiled to build up a 10t inventory for shipment.”

Directors Talk is “telling us” that commissioning is complete, so I expect the next RNS to confirm that, plus details of funding. Not a lot of funding required to get us over the line, imho, so that RNS could come anytime, especially if it is a further loan from Caja Rural.

jaf, I started off thinking of you as a troll, but I haven't thought that for a long time

Do you have a grey beard? Every time I read one of your posts, I picture Jeremy Corbyn. I think you find some sense of purpose here, without actually serving one. I don't mean that in any kind of rude way.

I dug out your post from 23rd April of this year, so about seven months ago.

"Good luck to all holders here - I feel you are going to need it. 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."

Well, after posting another, roughly, 300 posts, you are still posting. 45-50 posts per month.

I can't imagine you get much pleasure from posting on this board. Is there not some sort of pensioners club where you are? Indoor crown bowls? On-line dating even?

Have some fun while you are able to get out and about.

ATB

I was just about to post that! Every class has a Tungder in it, and almost every workplace.
Irritating but amusing in equal measure.

Richard, no problem with facts!

Wresources borrowed €3m from Caja Rural at 1.75%.

Richard, you could help blow things up!

Richard, you forgot earthquakes.

And no way am I moving on. Wresources is just getting started!

Well, on the cusp of beginning to nearly get started!

:-)

Jaffaman, there are probably others not enjoying the board and staying away. We will be churning out concentrate soon and things will get better!

DB, thank you for that!

D I r e c t o r s t a l k

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