Member Info for K3VMC

Jaf

“I don’t need to say anything. The market is saying it for me.”

I was asking you if YOU were happy that LP will be completed by September and Régua will be mined by December. I can see the sp and the spread - well, we all can - but I was asking YOU for YOUR opinion.

Of course, if you want to fall back on your usual, “Well, my opinion is not what matters”, I will understand completely. Totally, in fact.

Attilla, I get your point. You are confused by the term “December quarter”.

L200, it’s all about buying and selling.

Can’t have one without the other.

Jaf, of course you are logically correct.

Thank you for pointing that out.

Equally, and for the sake of being completely pedantic, it could be three months, with December in the middle.

I fear you have now sent Attilla back into the world of eternal twilight concerning time periods.

More importantly, I guess you are very happy that full production is starting up, er... very soon? And Régua too!

Or, is there a downside? If anyone can provide us with balance, Jaf, my money is on you!

“In Portugal at Régua, development work continues to advance with road access construction underway and mining set to commence in the December quarter.”

A second income stream, so soon, already.

Good ‘ere, and there as well.

Attilla, it’s simple.

December is a month.

Quarter is three months..

December quarter is three months, ending December.

“The team has delivered a fantastic mine, at low-cost and we very much look forward to first production from the new Concentrator Plant in the September quarter."

Happy days.

NMH19, aka Pinocchio !
:-)

Mother

“Will there be a hurried concerted selling frenzy for the last 10 minutes to get the price back down a bit.....you bet your sweet bippee there will.”

Incorrect.

Safety

“Kev, why is MM not doing anything about Sino-USA trade barriers and currency manipulation?”.

I have heard it from a very reliable source, that Chinese takeaway is STRICTLY prohibited from being brought on to Wresources property.

That should fix it.

Ha! Red, Mr Garvie has very few “hits” to worry about!

I wish I had his trading skills!

The whole market is down.

I blame late delivery of the MCC for that.

All of it, plus the fall in sterling. That has to be Mr Masterman’s fault.

Plus China.

L200, have you seen 127m shares sold?

That would have been a clue.

Attilla, we are not, repeat, not, below 0.3p!

Mr Garvie can afford to reduce his holding, due to the tens of millions of warrants that he holds. To get those tens of millions of warrants, he first had to buy tens of millions of placing shares at 0.28p, then exercise tens of millions of warrants at 0.42p.

The fact that he wanted some ready cash for a specific purpose does NOT reduce his confidence in Wresources.

I’m not worried about Mr Garvie, Wresources or La Parrilla, but that is just my personal opinion.

Golfpro99, I have to agree with GIT. Mr Masterman is a stickler for AIM regulations. If something can be usefully put in a RNS, I’m sure he will do it ASAP.

The most exciting part of completion will be the end of it!

Now the IIs have been given the Shard research, I think they will be waiting for confirmation that we are up and running, before any buying on their part.

nodinero

“I hope you're right but I still see a (relatively) small company with big ambitions and with multiple focuses.”

It is a relatively small company with many opportunities, but one focus, La Parrilla, which is fully funded and tracking under budget, as confirmed by Shard.

“ I hope it works but I'm sure you agree that the constant sp drop to a level few expected to see again after all this time is disappointing .”

We had a very disappointing drop to 0.26p, led by a whole group of “concerned investors”. That was followed by a placing at 0.28p, taken up by many, including myself and Mr Garvie who invested very heavily. Part of the placing involved warrants at 0.42p. Both Mr Garvie and I exercised those warrants in full, resulting in further warrants at 0.6p. Mr Garvie’s recent sale is outweighed, by far, by his remaining warrants.

“I believe it could have been organised better with one success leading to another and at lower cost and this sp would never have been seen again.”

Spending £50k on a road widening scheme and having the Portuguese geologists plan the mining logistics takes nothing away from La Parrilla, which is moving, inexorably, step by step, towards commissioning and production, whether you believe it could have been done BETTER or not.

It IS being done and that is what matters.

Resources are not divided.

La Parrilla is six hours by road from Régua. One is in Spain and the other in Portugal. One team is Spanish, the other is Portuguese. On deals with Spanish authorities, the other deals with Portuguese authorities.

Both are paid out from WRES, which is managing its cash carefully. Shard says £2m cash in 2019 and £3m cash in 2020.

That is cash in the bank. PLUS, as soon as the project is audited by the Junta de Extremadura, they will get the balance of the €5.32m grant.

Rod, Mr Swinfen previously researched wres for TPI. He knows the company very well. He and two shard colleagues went to LP in June. They have access to management accounts.

I trust their opinion, given to 3,000 retail clients and an unknown number of institutions, over Jaf’s.

No disrespect meant, jaf.

Shard says wres has £2m and £3m cash in 20@9 and 2020,

Tell me again how much more cash they need from placings. Please?

Well, there is never a perfect time for news , so may as well be one day as another!

Profits are coming. Doom mongers aside. Gloom mongers aside.

Never listen to trolls.

Has DH been banned, permanently? Well, permanently until the next incarnation?