Member Info for K3VMC

Looks like I got 5m from Mr 3m, going by timestamps.

Strider4, I will go with:

2019

Placing 0%
Dividend 5%

2020

Placing 1%
Dividend 20%

2021

Placing 1%
Dividend. 75%

Jaf, I have no interest in over-egging the pudding, as I am still a buyer, as my 5m at 0.44p today will prove.

I simply tell it the way I see it. As I said to Strider4, time will prove me right or wrong, but I am backing my own judgement. That is the best anyone can do.

Strider4, I am happy for you to have your opinion of me. I hope we are both still around next year, to see who was right and who was wrong.

We all have our own opinion, but time will side with only one of us.

jaf, always good to be specific.

Mr Masterman gave the $2.5m figure. When the jig and mill are installed, which will be Q4.

Mr Masterman gave a production figure of 270,000 when the plant is fully commissioned, which is 2019 Q1.

More chance of a dividend than a placing, is obviously speculation, since it refers to chance, or probability. If a reader is not capable of discerning this for himself, or herself, then I feel that there is little I can do, by way of explanation, to rectify that!

Jaf, if you want to tell me where you think I went off piste, I will address that, obviously.

RR

“LOL kev, that is original and yet another one of you ill thought out illogical thoughts, devil and me being one.”

No, just saying you are out of the same boiler house.

“ reading through the usual rose tinted wres carp it seems you have been caught out so many times stretching the truth over the past couple of weeks”

Really? Give one instance.

“I doubt if you even know what fact is these days cos if it isn’t the word according to kev it can’t be true”

I have generated NO facts. I simply restate what was provided by WRES management.

“ state facts man not made up opinion otherwise we will need to start calling you masterman2”

The plant is designed to produce 270,000mtu WO3 concentrate per year, which, at $300/mtu gives $81m per year revenue and $54m ebitda.

The plant is brand new, from the most respected manufacturers on the planet.

The plant has been funded by a $35m from Blackrock and will receive €5.Em grant from Junta de Extramadura.

Mr Masterman, associates and major holders account for over 40% of ownership.

Wres has recruited two well-connected finance guys who have an extensive network of financiers in Madrid.

Wres will move the existing concentrator to Régua, when the new one is commissioned at La Parrilla.

Régua production will take output to 400,000mtu/annum, giving $120m revenue and $80m ebitda.

Other, very valuable assets exist.

You, DevilsBeast and I can all enjoy this jolly banter. I also suspect we will all make money in WRES. You cannot be as dim as you both make out.

:-))

Always a buy signal for me.

My 5m buy at 0.44p will be along soon,

Gla

RealRealist, you should get together with your alter ego, DevilsBeast and enjoy!

ATB

golfpro99, as I said, the concentrator is currently being used for training. As more staff are hired, there is more need for training and then they all have to be gainfully employed. If, and when, we start selling product to clients, I am certain we will inform the market, as required.

golfpro99, not what I was told. The training coincides with the need for spent material for civil works, eg the ramp up to the rom platform.

As we hire new employees and train them, we have the capacity to move to 24/7 and double spirals. When the crushers and jig and mill are commissioned, we will step up to 24/7 and $2.5m/revenue.

When the new concentrator is installed, we can move to 270,000mtu/year and move the existing concentrator to Régua.

Simples.

DevilsBeast, I have no interest in what you think I think I am.

I posted that we will have $2.5m revenue per month in Q4, as stated by Mr Masterman. I did not post that we would have $2.5m per month for each month of Q4.

Do you understand now, or do I have to make that more simple for you?

They train on the old concentrator eight hours per day, five days per week. No more.

mogwhy

“K3VMC - so that statement was qualified by being dependant on future cash flow.
With this being an AIM mining company, I prefer to take a conservative, cynical outlook !”

I also take a cynical view. I don’t think you will be able to buy back below your last sale price.

No offence meant. Some people just talk their own book.

mogwhy, excellent sleuthing!!

And there you have it. Hansource are happy holders, as opined by Mr Masterman at this year’s agm. We can safely delete the hundreds of posts speculating on Hansource selling down their holding.

Why would any genuine investor do that?

Nuts!!

mogwhy

“Despite what MM has privately told shareholders about no more placings, he has hinted at a future acquisition and this may require a fundraise.”

Mr Masterman made that statement publicly, at this year’s agm. He does not provide inside information, ever. At the same agm, he also stated that any acquisitions would be funded from considerable future free cash flow.

Bobtree, the concentrator is running for training purposes only. No product is being shipped.

Strider4, it was Mr Masterman that said there would be no more placings, not me. Also, the project is on time, but UNDER budget. I can’t say I’m bothered whether you believe that, or not.

Jaf1984, Mr Masterman has quoted $2.5m per month, with a headline figure of 270,000mtu/annum I full production . That is $81m/annum, being $6.75m/month. I am not about to justify any of those figures, but I choose to accept them at face value.

Good ‘ere, innit?

True colours. We had discussions on how long it would take you to come out of hiding. I would have run a book on it, but I would have been tempted to bait you earlier.

I note thar your powers of logic remain limited.

:-))

€15m in the bank.

$2.5m revenue per month, beginning 2018 Q4.

€5.3m Junta de Extramadura GRANT!

$6m per month from 2019 Q1.

Access to crusher at Régua.

La Parrilla concentrator moved to Régua in 2019 Q1.

More chance of a dividend than a placing!

Sorry. NOW thinking $35-50m ebitda.

No wonder the numpties are trying to scare PIs off the pot.