Member Info for K3VMC

oldskool

Market says meh about the progress at Régua? Good!

Happy to be contemplating 300,000 mtu WO3 and to still be buying in at this level. Not today, though. Today I have no money to spare.

thechaser, the RNS of May 21st is titled “Jig Commissioned”, but Mr Masterman comments something like “we are successfully commissioning the Jig and the Mill”. I thought that was a bit odd at the time. Surely, it should have read “Jig and Mill Commissioned”?

In the proactive investors interview with him on site at LP, he says they have been doing about 20 tonnes per month and that the Jig and Mill will “allow them to double the grade going into the old concentrator”, which I understood to be, “we will now feed double the grade into the old concentrator”, which we now discover is clearly NOT the case.

This was very poorly communicated, as we now find out.

“"Whilst slow progress in finalising the updated JORC estimate for São Martinho has been extremely frustrating for both the management of W Resources and investors alike, the potential size of the deposit is encouraging and we have firmly requested that SRK address the issues our Qualified Persons have raised and finalise the report.”

Potential size sounds good. Extremely frustrating doesn’t quite describe how I feel about the delay. It reminds me of having to deal with my local council, which is not good for my blood pressure.

Are you really hot on hols? Maybe too much information!

oldskool

“16K3. I agree. The other side of that coin also means more money out. Which is fine, as long as it is coming in in sufficient quantities.”

I have to assume that producing more concentrate, by running the same equipment 24/7, will lead to higher revenues.

That’s why we are in this business, right?

Getting very, very good here.

TT, there has been one cash call for £1.5m, primarily to get Miton on board. Personally, I thought that was the wrong decision, but I don’t run the company. I welcome them aboard, but I believed that they should have been made to buy on the open market. The 0.42p warrants being exercised early was partly, maybe mainly, because warrant holders complained that they were not in the money because everyone expected us to be in production on time. I was surprised at the 2 for 1 offer, but that focussed my mind on exercising all of mine. I don’t know why Mr Masterman wanted the loan from Caja Rural. Perhaps he had plans for the grant money, which is also delayed, and wanted cash in the bank to execute them.

I will never again say there will be no more placings, but I am betting my money that there will not be, and I’m pleased to still get to buy at these levels.

24/7 concentrator working means more employees means €5.31m grant getting closer.

:-))

TT, can we take it that you are now back in the invested club? No more tick tock for a few day/weeks?

All academic, imho.

There is no value from Sao Martinho in the sp. wake me up if the JORC is over 1m oz, otherwise I will just be happy to multibag on LP alone..

“In initial estimates, there is a large increase in the modelled volumes, but differences exist in geological opinion as to whether the deposit is flat lying as in the Golder Associates Pty Ltd and W Resources assessment or deeply dipping as in the current SRK interpretation. These differences are partly due to the combination of structural complexity and multistage mineralising events.”

A large increase.

Cookie, they may even dump some of the crushed waste into them!

Some traders have been caught offside.

That happens sometimes.

From psychic DH. Just yesterday he was “wondering” and today, they appear, as if by black magic.

“Wonder when the RNS is due out ? Nice to see the bid lift a little. Needs to get into the 0.5's though, I cannot see that happening anytime soon sadly. Still patience is a virtue, Good luck to all my m8's out there.”

I wonder if his wondering led to the recent sp rise?

“In the September quarter, we’ll move up to a more steady state of operations and production and shareholders can expect to see steady production reporting.”

Not long to go, to see ACTUAL production figures. Let’s see how our more negative posters cope with that small inconvenience.

Getting there. Soon.

:-))

Are you happy with confirmation of sorts, or do you need to see it in an RNS or set of accounts?

“I think the most important takeaway is that the cost structure in that contract is very much in line with final investment decision report in which the lower operating costs of the mine were laid out so the contract confirms that we can mine at those estimated rates that we were expecting.

One of the most important things, particularly in these volatile times, is having low operating costs so with a low strip ratio and low mining costs we’re well placed to make sure we’ve a very low cost long life mine.”

I see people too. I might recognise celebrities, but not CEOs of junior miners on the AIM. Market.

You stated that members clubs had eyes. Somehow, those eyes recognised Mr Masterman and decided that it would be of interest to YOU.

Why?

Actually, I don’t buy your explanation, so no need to answer that one.

Yes, your posts have been recorded and reported. And will be, going forward.

Have a lovely evening too.

oldskool, yes, I was trolled like this before by Devilsbeast, who’s I’d was removed before Devilshorns started up.

DH, you are the one who knew when the agm was, before it was RNS’d. You are the one who gets spies, or “eyes” as you called them, to tell you who Mr Masterman is meeting. Not just that Mr Masterman is having a meeting, but WHO he is meeting. Not only who he was meeting, but who else could have been at the meeting. Plus publishing names, plus naming Tonnacombe as Marcus Garvie, plus looking into his car adverts.

If that is NOT trolling, then I do not know what is.

Thankfully, you are excluded from the WRES private twitter group.

Troajan, investors are being trolled, in addition to Wresources.

Bad form.

No trolls allowed in our private twitter group.