Member Info for Kaiser_B

https://www. directors talk .net/interview-w-resources-on-track-for-low-cost-significant-earnings/

Yes, I am the lowest shareholder here. I only have a measly 1,268,951 shares. Ha ha ha ha ha ha ha ha

Slightly off topic, I grant, but in reality not really.

So Thor mining have a new presentation out and pages 6 - 14 are particularly interesting for me, as they are attempting to build a project, which has a slightly cheaper opex than us, but produces far less tungsten also they are looking at 51 million dollars of project and equipment fiance. Have a current mine life of 7 years and only looking at producing under half ourT2 production amount, but have in essence double our Tin credits and yet aomehow think that they will pay everything off in 18 months

So my questions are as follows: What price are they expecting Tungsten to rally to and if they can pay off a potentially larger amount of debt, with half our production, admittedly in essence double our Tin credit, with a similar Opex prices and a much higher capex than either T2 or T3.5 how are they thinking that they will reach payback of all finance in 18 months, when the presentation with their latest information on states that life of mibe is 7 years and the life of mine EBITDA is 239 million Australian dollars or on current rates $165,468,032.67.

Anyone got any thoughts on this or how we compare with them and how to pay off our project finance?

As i said, off topic, but only slightly.

I got that it was probably a mix-up, but if that was legitimately the case, why doesn't MM correct her!?

https://www.proactiveinvestors.co.uk/companies/stocktube/13189/w-resources-aims-for-large-scale-production-after-first-t2-mine-blast-at-la-parilla-tungsten-project-13189.html

Has anyone seen the latest Proactive Invester video discussing the blast, etc?

Apart from the blast, it isn't new news, apart from one thing, but I am not sure if she meant it, although MM didn't correct her on it, so I am not sure what to make of it.

The lady at about the 4:05 onwards says the following.

Let's talk about your projects which are in Europe, which is nice, but let's talk about them. You have projects in Spain, Portugal and Italy!

It’s the AND ITALY part that caught my attention, do they know something that we don't?

Anyone seen this?

https://news.sky.com/story/yorkshire-potash-miner-gets-sirius-with-2-7bn-fundraising-11707272

It has popped up on to my newsfeed overnight.

Tiger,

My bad, I got them mixed up. These AIM companies are a bitch to keep up with, aren't they?

TotalTrader,

By processing the mined spoil for Galileo, they pay us to process it, which serves to reduce our overall costs for our refined metals and means that the refinery is kept working and ticking over rather than it being sat unused.

Personally as I have pointed out, let Galileo do all the leg work firming up, their Zambian assets and then just snap them up. Remember they get the now 11%(because we are spending over 15 million dollars) royalty payment and because we have about 29% of their company, we will get a chunk of that in increased share price eventually.

Also the 11% royalty payment is only due to be payable by the Project once Jubilee has secured a minimum of a 20% return on the investment made into the Project and only once EPL or Kabwe Operations have received all generated earnings in cash.

That being said we do have to give them 5% royalty from an agreed initial 5% Royalty on distributable earnings, BMR will only be entitled to a Royalty payment once

The Project is fully operational and has generated distributable earnings and Jubilee (or its nominee) has been repaid in full its capital investment and its agreed capital rate of return of 30% on the first GBP 2,3 million invested and 20% on any further capital invested.

So breaking that down on the 18,320,000 dollars required for the project is as follows:

30% of 2.3 million is 690,000 dollars and
20% of the 18.32 million dollars minus the 2.3 million gives us 3.204 million dollars so combined together that means that Galileo won't receive any revenue until we have taken 22.214 million dollars, which is a pretty good place to be.

Hence why I say let's not buy them out yet, let's make them do the legwork on their other assets and let's go from there. We have plenty of time to assess them down the line.

Kalan,

You point out that the market cap of Galileo is 2 million pounds, but there is one fact that you haven't considered and that fact is that we already own 29% of Galileo anyway, so it is a very good starting point to buy them out.

However, Galileo have other assets that are completely meaningless and useless to Jubilee (in its current form), as a processor of mined/waste material, so I can't see us, just buying them out.

Kabwe is big enough for us to carry on with at the moment and Galileo will need to put contracts in place for us to toll process their mined spoil from their other mines located adjacent to the refinery, so let them issue shares and/or get rid of the unnecessary assets to firm up the assets that they have there and at that point we can just knock them off cheaply and away we go.

I say this, as they will need more funds in the future to get all the stuff they require for their other Zambian mines and yes some of that may come from sales or farm ins of their other assets, but there is absolutely no guarantee that will happen. Therefore I fully expect them to issue shares and/or farm us in to these mines to allow them to get the required funds.

Just my thoughts, but if they have done it once, they might again.

To say, thanks Leo and Kaiser, you bl00dy id10t!!!!!

Firstly I am sorry if that p1sses people off, but I put 400 quid in here a couple of months ago, got 15,151 shares for that amount.

I sold on the last spike to 3.9ish at about 3.8ish and took my initial 400 quid back out and put a limit buy on at 3.25p, it didn't go anywhere near there, so i changed it on yesterday afternoon to a more hopeful 3.5p and lo and behold it drops.

So the annoying thing for me, is that I bought in too high, as that 3.25p original effort would have got me a chunk more shares, but I am happy, as I now have 16,344 for a total buy in of 410 quid and more than happy to do it all over again, keeping the free shares running and trading the original amount.

I tried to stay the course, but having not taken profits previously, I am mixing it up a bit and trading the original amount and running any and all free shares.

I get that people are upset at the RNS, but what in reality are they upset about? They gambled, it would keep going up and lost out. Personally, having been bitten once or twice, I am now going to stick to my current effort and hope it pays off massively and I can trade and gain a few additional shares, but that is the gamble/chance we ALL take.

I have sold 2/3rds of my holding, meaning i have my original money back and I have a load of free shares to run here. Not a massive amount, but I have before held way longer than I should have had and ended up back at square one with less money and the same amount of shares. So i have top sliced and hope it falls back a bit and i will use my original money to get some more shares, but if it doesn't fall back, i am running free shares and that is more than fine by me.

Sometimes we have to change our strategy, as i would have much preferred a slow and steady growth in share price over a much longer time, but it is what it is.

Right, now that I have got over the severe lack of sleep used an Uber, been to the Welcome to Las Vegas sign, had food, been to The Mirage's Volcano and The Bellagio's fountains, I might actually be able to catch up with all that I have missed from the Proactive Investor meeting. So if anyone wants to take the time to spell out the facts and questions asked that would be greatly appreciated. Also if anyone has been to this mental place before, tips and suggestions for stuff to do would again be gratefully accepted.

Eggchaser,

Are you from the Buxton/Leek area? If so how are you doing? I am originally from Buxton, but work away.

Franny,

Sadly I tried to ask a question to MM about stuff and due to the love-in, time ran out before I could ask him in the meeting, I did ask him post the meeting about it and I gave the answer that he gave me on here.

I did feel at the time, that those lavishing praise was abit OTT, but it was my first investor meeting so I didn't really say anything about it until I was chatting to a gentleman at the end and we both had the same concerns about things, such as the debt, the gold effort, drakelands and sentiment towards that.

In my defence, I would love to be there, but unfortunately in my job, I can't afford to miss the plane at all, so I will have to let others take the lead, but I am hoping that someone will me of those investors that gave MM the love-in, will ask some serious and cutting questions this time around with all the allotted time rather than wasting it on praise, because if we use the time correctly we may get some answers to the questions that people are upset about on here and give us ALL the information not just chunks of it.

Also if it is so cost effective, can we have more of the power generators and use space in the locality to produce excess power to the grid as an additional revenue stream?

The infrastructure is there for using the nation power grid, but I would have guessed that they would install LNG power plants to account for any interruptions in power to the site, which would mean that we weren't producing, but according to MM he stated that the LNG power plants were more cost effective than the power grid, so they would use them instead. Being honest, that is good, because any excess power produced should flow back to the grid, if it is indeed connected to the grid and get us a few quid in terms of power generated capital.

Perhaps another question for the Proactive investor meeting!!!

Trust me if I was going, I would be asking them, but I am going to Las Vegas in the early hours of Friday morning for a month with work, so I really can't get there to the proactive investor meeting, but I was genuinely thinking about going just to ask this questions.

I just hope that people actually ask them and don't do the love-in that happened last time.

I have raised this point a few times now and yet people still seem to be doing it. What I don't understand is what difference does a few tenths or hundredths of a pence up or down make in the grand scheme of things, right now?

I have a sizeable chunk of my portfolio here, but I still class this a gamble at best for a number of reasons:

- Until we step up to decent production levels. Yes, we are producing, but producing 20 tons a month isn't doing a lot and yes it might pay a few bills, but it isn't 200 tons a month!

- We are a small company who have a sizeable debt in the region of our market cap, which needs to be serviced in the short to medium term, all the while making sure that we manage to pay off all the other bills we have and will have, which we should do but there are always unknowns that might require servicing.

- Sentiment is against us, with the loss of Drakelands, it HAS affected sentiment to us and other junior miners in the Tungsten market, because if they can fail, then anyone can, as they were producing a sizeable amount of Tungsten. Yes admittedly Tungsten prices were low and they had the wrong equipment, but once bitten, twice shy.

- We have in the past had numerous placings, which have increased the shares in issue to circa 6 billion shares, when warrants, etc are included. So it is very easy to manipulate a bit of downward pressure and keep it well hidden and with production low and no grant money, we MAY need funds.

- Where's the money from the local government? Yes it said March, but what are the stipulations for the conditions and when do they have to be due by? It says employ people and in production? How many people? How many locals? Can the market price in the grant to the market cap at the moment? When do we actually receive the money? Also what form will it take? Tax Relief? A reduction on business rates or similar?

-Another set of unexplained questions are: We are told Regua cost 4-6 Million Dollars to get in to production. Where is that money coming from? The market doesn't seem to be sure, so pricing in for placing or some extension of debt to service it. Until this is clarified, we and they are all just guessing.

I sincerely hope that those going to the proactive investor meeting, ask more cutting questions than the ones at the Turner Pope meeting and hopefully there will be less love for MM, as that wasted considerable time that could have been used to ask more difficult questions.

I did in a chat with people raise my concerns about stuff and about how it wouldn't be a straight forward rise to levels unheard of since the purchase of La Parrilla, but I was told by one person it was mearly a formality, sadly that isn't the case, but I am still very hopeful that we will be in the pennies very soon and in dividends in the not too distant future, but all you can do at the moment is knuckle down and accept that we are last in the food chain or move on. Only people can decide on this for

In all seriousness, why are people complaining about the price here?

Did people jump in to this company thinking it would be easy and that the share price was going to double or triple overnight?

I am sorry to tell people but most shares don't double or triple overnight, it takes time to build a company, plus at the moment, with the China and US cold trade war ongoing, the uncertainty of Brexit and the effect that this has on Europe, it will take time to reach the share price that most people here want to see and that's the thing, it will take time, which means having patience.

Can anyone of the people complaining about the share price tell me about ANYTHING that the company has done that will ha be caused a drop in share price here?

Or is it just the market that we find ourselves in right now?

As far as I can tell, we have world class equipment, he have minimal additional infrastructure expense. We are, according to the CEO on time and under budget, although that has changed slightly because of outside influences again.

All the CEO can control is what he is doing for the company and he has to let the chips lie where they fell.

In my humble opinion, people are moaning because it hasn't gone the way they wanted it to, as quickly as they wanted it to. Well welcome to shares, they can go both up and down and the only winners here at the market makers, who manage it all.

So moan or not, but if you invested here, you did so far a good reason and whether you are a trader or an investor, we all have our roles to play, but less of the moaning because it hasn't gone the way you wanted it to. Remember the reason you invested and suck it up, as some of us have been here for years and not days or weeks.