Member Info for K3VMC

IGIndex

:-)

Must be some out there.

The MM who was selling for Mr 3m has been on the ask for weeks, but moved off it last night. That was the sign that they had stopped, so time to buy. They may start again at some point, but dripfeeding buys still makes sense to me. Many of my trades were 0.53-0.60, but a lot were also in the low 0.4s. I won’t be selling any this side of 0.8p.

GLA

I meant to use up just over £2k that I had in a trading account I don’t usually use, but ordered 2053 shares instead. The next £2k order was me getting it right.

Doh!!

It was I.

No point in a site visit, unless there is a dazzling array of top-notch kit to drool over. Steelworks should also be well advanced, since we will be producing and selling concentrate a few months after that.

Obviously, the market will have to be updated around the same time, but even before that, we may have the Sao Martinho jorc announcement. I think that 600kozAu would be a reasonable expectation there.

Regardless of all that, the sp is roughly what we expect the ebitda to be in 2019. This is irrational. Something will have to change within the next couple of months, so my second 50p wager is that the sp is at least 1p by Christmas 2018.

DYOR as always.

T-roll

2cvguy. we processed and sold concentrate to the Yanks, using the mobile crusher and rusty old plant, so yes, we can do it.

Safetyman, they only want to move dirt once. When the new kit is in, the WO3 will be coming out of LP like whatsit off a shovel. They will be taking the richest seams first.

Oldskool. All the essential infrastructure is there.

So going to love the next 3-9 months.

Troajan - I might do the same!

:-))

langreen46, no rush. Unless you are in a hurry to sell.

Some of us are still buying.

Yes oldskool. we have some blasted dirt left. We also have a few pots of ye olde gunpowder next to the oven in the works canteen.

Given that the crusher is ready to be delivered, what do you think they will do with it when it arrives? My view is that hat it will have to be commissioned and tested.

Do you remember that we stopped using the mobile crusher because it added $50/mtu to opex and the sp was much lower?

Hmmm, commission the crusher and run it for a few months or so. It would be daft to crush stuff to just leave it in a heap. Better to process it, sell it and give the market a little surprise.

:-))

All sorted, thanks. Basically I sold about 7.5m shares and got about 10m cfds.

As the sp goes up, I will be able to use the profit to increase my position, but always keep a little in reserve.

This will SO ramp up over the next 6 months.

The 3m sells are designed to spook PIs into selling and not buying. If it was a genuine seller, they would be changing the amounts of shares in the trades. This “seller” wants everyone to know they are “selling”. We are probably supposed to think these are Hansource shares being sold by HMG.

Guys with bottle, like Tonnacombe, not only see this strategy, but are prepared to call their bluff.

There will be no more placings. Mr Masterman said that at the AGM, in the same number of words. Now he has underlined that statement with his purchase. When you own 19.8% of WRES, you do not need to buy another fraction of a tenth of a percent more.

DYOR, of course.

Thanks mogwhy. My memory space is limited. I must have archived that.

I cant come out to play today, sorry, but i will watch out for your £20k buy.

RNS out on WRES.

Now, there is the Best Buy signal you could get, ever!

Is that the first time Mr Masterman has bought in the open market?

Lol.

Tungder

Blackrock like RCF at Wolf doesn’t know anything practical about tungsten mining and is making a bet, like all the PI’s that Aussi silver tongued Michael does.

You arrogant whippersnapper. You have never spent £1m on anything. You have never spent £1m on EVERYTHING you have spent in your entire short life, but you criticise one of the biggest fund managers on the planet, you tumshie!!

The problem is he doesn’t and he is going to blow this thing up after having sucked off its tit for the next 2 years flying first class, drinking good cognac and smoking cabanos.

Small minded does not begin to describe you. You think that after Fortescue Minerals and Anaconda Nickel that Mr Masterman could not live the rest of his life in idle luxury? I suggest you have limited intellect or imagination, but probably both.

You’ll see, and stop ******* in the poor heads of wolf guys, you don’t think they’re getting it bad enough at home!

Please grow up.

My belief is that Mr 3m has never owned any wres shares. Mr 3m has to buy them back, to balance the books.

Bulent74

I have just put in a £20k buy order to HL @ 2.2p let’s see if it goes through.

You hate when people talk about YOUR MONEY? Then why do you talk about YOUR MONEY??

You want to spend a measly 2.2p per share? Not worth more than that?? And this from a ramper tell My others to buy at 3p. I hope no-one bought on the basis of your stupidity.

Here comes RCF.

:-))