Member Info for K3VMC

Oops, the link

https://www.*************.net/by-2025-tungsten-market-to-reach-usd-8-5-billion/

$8.5bn

Just saying.

:-))

I can't understand why he posts that Mr Masterman has only bought £65k of shares. Not worried though. I'm sure the CEO has enough funds and friends with funds that we will get over the line, start producing and start making money. OK, the tungsten prince could be better, but s long as we ramp up safely, we can get by until it picks up again.

If someone has the discipline to not buy, hoping this dips, then I admire them. I was buying at 0.6p, so I'm happy buying anywhere below that.

:-))

Safetyman

" zooming off to the funny uplands yet"

You are way behind me. I have been here for years, it's very nice and I have saved a seat for you!

:-))

oldskool

"So MM has bought 65ks worth. Meanwhile paying himself consultancy fees of over 20k a month. Now that is some return."

I did a quick tally from WOGWHY's post. I may be slightly out, but it appears to me that Mr Masterman has contributed £1,395,000 in placings over the past seven years.

I'm sure he will do what it takes to get WRES over the line.

Thank you for that data MOGWHY.

:-))

Jaf

"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."

No jaf, I was completely wrong!! Things go wrong in life. Mistakes are made, accidents happen. That does not invalidate planning, or embarking on new ventures.

Try not to live in the past. Anyway, you have nothing to lose here. Don't stress so much. Go do your happy thing in your happy place. Feel good about something. Always look on the bright side of life!

:-))

Only for you DB. The rest of the board can see through that veneer of moderation.

DB, yes, I may have mentioned $20m ebitda in the past.

I just thought that there were so many negative posts today from so many posters, that I would try to provide a little balance.

Everyone likes balance. Even non-invested critics must warm to a little balance. i draw the line at optimism, obviously. I don't think non-invested critics would welcome optimism.

ok here, init.

:-))

$20m ebitda in 2020.

That's my focus. Let them niggle all they want.

oldskool

" It would be nice if MM told the market if there was compensation and how that looks, as there have been a number of months to progress this."

I know you claim to e a good reader, so please read this again.

Safeyman

" At the AGM, when asked MM said that this was subject to the terms of the contract and was commercially confidential."

Not all that difficult to understand.

Anyway, you have no holding here, so you have absolutely no need to worry!

:-))

Mogwhy, I care about the comparison between WRES and ORM.

GIT, I also think that very few people will know, but you have to be aware that wres and its shareholders have enemies on this board. Real, live enemies, who will use any snippets of information to harm us.

Mogwhy, also note the company in question only owns 30% of the mine.

Strange, is it not, that none of the wres holders go trolling on the ORM board?

GIT

“I am not prepared to say who, but, I am 99% sure that I know who the background seller is and that he / she is selling because he / she has no option but to do so due to personal reasons.”

I’m not sure you should be making these statements in a public forum, but since you already have, then let me reply that our understanding differs.

Starterforten

“Some clarity on why ramp up to full output has been delayed from Q1 2019 to mid 2020 would also be enlightening.”

Allmineral were negligent in ordering steel. It’s in the RNS.

oldskool, Attila, I posted this.

“I do blame the CEO for giving placing warrants at 0.4p, which is a slap in the face to the loyal shareholders who bust a gut to raise the cash to exercise their 0.42p warrants and have millions at 0.6p.”

I never object to my posts being criticised, but please read and understand then first. It’s easier all round.

oldskool

“K3. You are wholly wrong. The buck does stop with MM. He most certainly signed off the .4p placing. He is the CEO. He is the main man 'funding for two mines, oh no its one' CFO.”

Read my post properly before you tell me I’m wrong, please. That is not too much to expect. I am heartily DISPLEASED with the 0.4p warrants.

“The money didnt even fund one mine did it? His fault. Dont give me the steel boll#x. That has a part to play but where was the contingency and where is the compensation? Wherever it is, and if, it is a way off me thinks.”

The late ordering of steel was THE biggest contributor to the delay and impact on cash flow, bollx, or not. The contingency is clearly laid out. Clearly, he would have preferred to have treble that figure, but he lives in the real world, not the world of make-believe, would-be mining magnets bulletin boards. He has already said there will be compensation. I have no idea whether that will be next week or next year. Neither have you,

“ He is the Fortescue man. He is responsible.”

Correct. He got us this far and he and his pals, some of them considerably wealthier than he is, own 20-25% of the company. I think they can be relied on NOT to lose their investment here.

“Likewise he can roll around in the dollars he will make if WRES comes good.”

Depending on the dollar denominations used, he will be able to have them dumped in a heap, then ski down them.

“ BlackRock....well them is the vultures watching in.”

Why did them vultures go easy on the repayment schedule? Why did they not pull the plug on Wres when the fist payment was not forthcoming?

Anyway, chill. You have no holding here!

:-))

And Wresources has 100% of its mines, far better than ORM at 30%.

This has been posted so, so many times.

Dreamingof

“Let’s take gold and the balls up regarding our experts and what is happening for that. This thing should have been done and dusted.”

There is one set of data, but two interpretations of the data. Nothing will change that, unless one or other party changes its professional opinions, unlikely, or we get more data, which means paying for holes in the ground.

“ We were meant to have an excellent relationship with the people who were supposed to give us the grant, but it’s late.”

No, the grant is not late. The grant is on time relative to the completion of the plant, which was a condition of the grant. The Junta has to do due diligence, which will now straddle Christmas.

“We can blame all of Wres’ misfortunes on others but the buck needs to stop with the CEO.”

You cannot blame the CEO for either of those things. Well, not with any degree of logic.

I do blame the CEO for giving placing warrants at 0.4p, which is a slap in the face to the loyal shareholders who bust a gut to raise the cash to exercise their 0.42p warrants and have millions at 0.6p.

A lot of investors are mightily hacked off with that.

I can wait.