Member Info for K3VMC

Kalan

“If we achieve the $20 million K3VMC - how long do you think it will take for WRES to be debt free? (2 years, 3 years? - just guessing).”

I think he should get the mine up to speed, then replace the Blackrock funding with a Caja Rural loan - pay them back for the mates rates for the €3m loan.

Once Régua is up and running, I could see Mr Masterman digging up some more prospects in Spain or Portugal. Mid tier is what he says he is aiming for.

It has been ramped to the rafters, including by the CEO.

Never listen to rampers!

GIT, as I posted earlier, many PIs have sold other stocks, including wres, and chucked their cash into EUA. I don’t know much about the company, but the time to be buying EUA was when it was being trolled and bumping along for months at 0.5p, NOT after a 500% rise.

Bit like WRES.

:-))

Calculate that!!!

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$20m

:-))

ORM did very well out of its last RNS and it compares really badly to WRES.

If our sp reacts the same way as theirs, the board can get back to moaning about Mr Masterman getting his shares in the cheap.

Was up nearly 40% this morning, now up 6%.

I was told that there was a lot of PI selling recently, including today, to fund EUA purchases.

The patient ones, who were holding from 0.5p can cash in now. The last of the herd will probably lose.

DB, I try not to disappoint anyone, but I’m not here to educate you either.

Have a good day!

:-)

There only two placing discussions that I know about. One is the 0.5p subscription as per the RNS and the other is the one touted by trolls. That is a fact.

The first will happen. The second will not happen. That is an opinion.

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It is not any kind of roll.
It is a purchase.
A buy.
An exchange of stock for cash.

As we post, the talented team of engineers is putting the final touches to the plant, as the recent RNS stated. They haven’t stopped, gone on holiday or gone on strike. The plant will be commissioned at some stage. Ramp up will begin at some stage. Profits will begin at some stage.

Why would I sell out now, after years of waiting for the money fountain to be turned on?

:-))

DB

“Safety. I think only myself and L200 understand that that was a T20 rollover at 9.16.”

You only think you know everything.

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Not investment advice, obviously.

I could have sold and bought EUA, but there are more than enough people doing that.

My turn will come soon enough. Patience.

To be fair, the EUA graph was boring until a few days ago.

Just saying.

Mogwhy, I prefer your theory. There were thousands of components in the construction of this plant and every invoice eligible foe the grant will be liable for audit, but would have expected WRES to have had all such invoices in a database, ready for audit on the day the plant was completed.

Maybe the timescales are generous as to due diligence by Junta de Extremadura?

Nice to see consistent posting.

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Mother, I’m happy you bought back in.

No idea what the sp will be in the short term. I’ll get interested in that kind of thing at 3p.

:-))

“First ore was fed to the new La Parrilla Concentrator Plant on 17 October 2019 for tungsten production at this world-class, low-cost mining project.”

I don’t know how many mtu of tungsten ore wres is producing every day, but I fully expect the answer to be a positive number, x, between one and 20,000, where x is increasing with time.

I expect this to be applicable for the next 10 weeks, when I expect x to be a number worth reporting to shareholders.

Christmas may even be a little earlier this year.

DYOR

GIT

“I know that MM has not done any interviews and hasn’t told us the production figures yet, but previously people where moaning that he did too many interviews.”

I think you will find that a moan is a moan is a moan.

Bakingmental

“K3VMC, obviously we all want to buy low and sell high, but let's face it who would have thought buying Wres at .51 over a year and more ago would have been a high price when we are on the cusp of production? Be honest, nobody.”

I bought loads at 0.6p last year, well before we were on the cusp of production, so clearly I didn’t expect the sp to be this low now!

What is your suggestion? I sell now? I was prepared to buy at 0.6p because I thought it was a good buy. The only thing that has changed since then is the vastly reduced risk, paid for by some dilution, and an improving tungsten price, post Fanya.

I’m very happy to hold and add, as are some well known lhs, but each to his own.

Fountains of wisdom.

:-))