Member Info for K3VMC

Safety, I just get tired of all the guff.

Three months on and few will be whining as they are now.

€350k to move the plant.

No mention of directors.

Yes, you are a Marxist.

I have put money in every placing, even when very, very risky, so where does that make me a pig???

I have actually lost count of the number of placings I have taken. Only one, the riskiest of all, had warrants, but now you are all kicking off because they actually got exercised, and in a way that Mr Masterman wanted them dealt with quickly and finally.

Tough shiiite. You all had the chance, but not the gumption. Investors, including Mr Masterman, PAID for wres to get where it is today and now traders, who are not getting what they think they deserve, as soon as they think they deserve, are upset.

Go to your safe place.

Oi! I resemble that remark!

I’m talking about you agreeing with Rod’s tweet.

https://twitter.com/rodrod1754/status/1118889919043207169?s=21

Who are you calling a pig???

Who are you calling a pig?

Bob, does that mean anything? Even to you?

Who is lying to whom? Just cut the carp and say what you mean, instead of quoting some obscure Mystic Meg.

Life is to short to fart around.

dreamingof, I can’t argue with that. There is no right and wrong here, only actions and consequences.

I was offered two for one, so I took it, even though it meant stumping up the cash. Other warrant holders, who do not have spare cash, may sell their existing holding and pocket the two or three hundredths difference.

Warrant issue now gone until the end of 2020.

Stukey, I get what you mean now. I posted that none of the warrants had been EXERCISED.

Warrant holders were made inside on the Exercise Offer. After that, they were NOT allowed to trade until the RNS came out.when I say not allowed, I mean that anyone who sold between being made inside and being cleansed, post RNS, is acting illegally. I hope that any suspicion of insider trading will be followed up, reported to the FCA, and any culprits IMPRISONED.

AfTer the RNS, warrant holders can sell EXISTING shares, to pay for the shares to be issued on exercise of the warrants. Clearly, some holders have done that, especially since few holders have a huge stash of spare cash to pay for warrants outright.

Stukeyblue, I don’t know about other warrant holders. I just say that I sold nothing to exercise warrants, plus bought a brew times in the market.

I can’t worry about who bought / sold. Sorry. I just paddle my own canoe.

Never whistle with a mouthful of custard - anon.

Ok Bob. If you tell me that you were not talking about wres at the time, the I would not dream of questioning your integrity.

Thing is bob, we don’t live in a Marxist state. You don’t just “scrap” warrants.

You make a deal, you stick to it. You can modify the deal with mutual consent, as was done here. Mr Masterman wanted them gone and made it worthwhile, so they are gone. Plus, investors got a buying opportunity.

Did you sell? Have you lost anything? I didn’t complain when you were trading wres and made £30k. Your opportunity, your choice. I held and have yet to make a penny on WRES.

Some investors may have wanted 0.6p next week to do another bit of trading, so ok, that is less likely now, but many will be selling, while I am still holding. Good luck to them and no harm done to me long term.

Swings and roundabouts.

Ma, of course I would! The £50 note machines I have in the basement are very good quality.

£10k each, delivery included. Money back guarantee if not completely satisfied!

How many would you like?

Thank you both for the sanity check!

“Bins and conveyors installed and being commissioned on the #LaParrilla Jig and Mill Plant #WRES @mgmasterman @AaronSzumilak”

https://twitter.com/wresourcesplc/status/1118856189150781442?s=21

Exactly how long will it take to commission the jig and mill? No, I don’t know either, but I bet it will be a few days, rather than weeks.

The boil of the warrants has been lanced. News is coming and there are no 0.42p warrants to drag on the sp.

Remember that ZERO 0.42p warrants were exercised, even at 0.53p bid, even though they only had seven or eight weeks to run. With newsflow expected on many fronts, Mr Masterman incentivised warrant holders to exercise them NOW, getting them out of the way, BEFORE the news.

With the same logic, I expect the 0.6p warrants will NOT be exercised until near the end of 2020, when we hope to have a full year of production at LP and Régua.

Having flushed the warrants out of the system, investors can now see a clear sp development for AT LEAST a year, without tens of millions of shares holding back the price.

DYOR

Jaf

“You will not get any sympathy from me.”

I want nothing from you.

“With your wild projections and claims, you have probably influenced many people to buy WRES.”

I back up my projections with calculations. Are they wrong? Then correct me! Don’t like them? Then don’t read them!

“Yes, everyone should do their own research but with your known association with MM, your posts carry more weight than they should, even with me.”

Yes. DYOR, always. What association with Mr Masterman? I was me he assured at the agm, that there would be no more placings. That cost me more than I care to think about and damaged my credibility, such as it was. Please do not presume to know my association with ANYONE, because you know nothing about me.

“‘So that's enough now'. That's not for you to say.”

Well, I’m not asking you to do ANYTHING!!! What made you make that assumption???

:-))

I have exercised my warrants with NEW money. I have not sold any existing shares to do this.

On top of that, I bought twice in recent weeks,

Anyone on this board could have bought at 0.45p today, as some warrant holders will be selling existing stock to settle the warrants. I could have sold millions within seconds of the RNS, but chose not to, as I believe the sp will not be down here for long.

I can understand the anger and disappointment today, but the fact is, that without the 0.28p placing, we would NOT be heading for production soon, if at all. That placing needed warrants to sell it and the warrants were expiring in June, so were always going to drag the sp down until then. This way, the blood is on the carpet now, there is a buying opportunity and we can look forward to a more orderly rerate of the sp, when production kicks in.

UPDATE I left this there for about an hour, then I bought 4m at 0.45p. If you don’t think this is a good price for a good project, I can tell you that I do. I certainly didn’t moan when others were trading in and out of here. Bob made £30k on WRES, which is £30k more than I have made, PLUS I have put a lot of cash into placings, which has helped get the company to where it is today, so please forgive me for not accepting any more criticism. I have already had a fellow investor drop the phone on me today, so that’s enough now.

Enjoy the sunshine. I hope Mr Masterman can conjure up something on the news front that will placate those whose humours and / or spiritual equilibrium have been discombobulated.

GLA

Strider4, absolutely correct. I was gutted when the sp drifted back to a level that induced Miton to buy in. That cost me a lot of money and a lot of confidence as well.

I also believed that allmineral would finish the plant on time.

I still trust LP to make me money, which is my only criterion for being invested.