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What difference does a few hundredths of a penny make now? Plus we are up about 54% on the year. In all honesty here, if you are after hundredths or tenths of a penny then you will miss the bagging that will occur once we are running at full pelt, unless of course you are after a quick profit, in which case you are right to moan that you could only be up 54% in a year.
It would be nice to put a few faces to the names and maybe even discuss the questions that we would all like answering. Anyone on here not going and want a few questions asking too?
Not sure if I will be allowed in there, I am not a commissioned officer. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha. I will have to try and be on my best behaviour, won't I?
I am trying to sort out a few bits and after missing the La Parrilla visit and a few others over the years, I am actually going to try and attend this one.
Personally I don't care how much is profit, by doing this we achieve a few things.
Firstly and Most Importantly: We can train people up on actual mining and processing equipment.
Secondly: We get some revenue and it is processing the tailings, so not ROM, but if we can get a great result on the tailings, imagine how good the return from the ROM will be.
Thirdly: MM talked about using the old concentrator at Regua, so improvements on the setup at La Parilla will benefit Regua.
And lastly: We have conditions that need to be met by Mid-March 2019 to ensure that we get the grant amount of 5.3 million Euros, this will help meet those conditions.
I got 0.573, which is interesting for the traders, but I won't be selling any of my WRES shares, until they hit over 1.6p as then my ISA wrapped efforts are free and running.
The money from those tradeable ones though will go in to mostly FTSE 350 companies and the rest will go to AIM and a few that I hope will take off post take off here.
Good luck to all the holders and good luck to the traders, because your input generates notice of the stock.
Mppotus,
Pray do tell me, where the RNS you mention names BOTH customers? I only ask because as far as I can read, one company IS named, the other is hinted at.
Here is the extract of the RNS, perhaps you can explain to me, where it names BOTH companies, please.
W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, is pleased to have signed two major long term offtake agreements.
The first is with Wolfram Bergbau und Hütten AG, ("WBH"), the largest tungsten processing company in Europe and the second is directly with a leading supplier to the USA tungsten markets.
W Resources will supply both with 66% tungsten concentrate on competitive pricing terms. The offtake agreements cover the initial T2 development of the La Parrilla Mine, and will account for approximately 80% of the planned production tonnage from this phase.
Regards.
I agree that there are concerns with the stated FID report on Regua, but being honest my primary concern is getting La Parilla up and running, as like you point out we have debt to service, however according to MM, we are on time and under budget at La Parilla, so that is less concerning than anything else to me.
W
Also you should remember that we got 35 million dollars, up from the ascribed 30 million dollars, from Blackrock and whilst most of it or indeed all of what is left may or will go to La Parilla and the start up/commissioning, etc. I say what is left, as you have to remember that Blackrock allowed us to use some for Sao Martino and the CAA drilling. Once La Parilla is up and running and if we get the grant from the local government and if we have any left, I am very hopeful that they will use it on Regua, but like I said, I would much rather get La Parilla sorted out first, as production from Regua this year would just be a bonus and not critical to the success of the company right now.
TheFarEnd,
I have over 11 years before she is 18, so no not expecting a rocket the day before her 18th birthday, although that would be nice.
I am more on about a steady accumulation until she is 18, but the lower it is at the moment, the better it is, as more shares now = bigger dividends using the free shares as compound interest too.
Saying that I am not too bothered if it doesn't rocket from here, I am getting over both dividends just over 5% interest, which I won't get anywhere else right now, so I may as well stick with it, hadn't I?
I know that some people won't like this, but I don't care.
Keep dropping beautiful, the more you drop the more shares I get at this level and the better the dividend I get for the same money.
Sorry to those who wanted the share price to be alot higher, but we all have different strategies and mine is to accumulate as many as I can until my daughter gets to 18.
It is a sad day if it is true for the long term holders. I really feel for them, as it can happen to anyone.
If anything though, it does show that taking your time and getting things right the first time, is definitely the way forward. I am not rubbing it in here, just stating an opinion, as if Wolfe had of optimised their workings for the mud prior to the rock, they would probably have been buying us out in a few years.
LTI,
That is true about the interest rate, but when added to the final, it is probably nearer 5% for the year, especially with the interim compounded as free shares.
I hope that III will buy them today, but they just have to buy them in the next three, so hoping for a little share price dive over the next few days to maximise my free shares.
Good luck to us all though.
I can guess that you will say, well Trident will cost 100 Billion pounds and Corbyn wouldn't launch it anyway, so that is 100 Billion pounds saved and if it was 100 billion pounds right now, I could say, well let's get it cheaper, but that will be a 100 billon quid over it's full life and that is something like the next 40 years, so in reality, about 2.5 billion pounds a year. A great start, what asset should we buy first????
How about RBS, that is already pretty well government owned anyway? 😉 😏 😅 😂 🤣 😅
Nationalise all companies? Prey do tell how we can afford to do this. Unless you intend that the Labour party will force through legislation that means that we don't have to buy the companies and we just seize all the assets of every company.
I can imagine that last one working an absolute treat and I can't imagine ANY company or government in the world protesting and suing us for loss of assets too. Can anyone else see that happening at all?
I have to wonder if people live in the real world or this fake delusional world where a DEMOCRATIC state owns EVERYTHING.
All that will happen is that we will carry on exactly as we are, but the rich people who pay taxes for the benefit of the country will piss off to a lower tax country and we will have to tax massively the middle classes to fund the shirking class.
Corbyn's ideals are from the 1970's and they didn't even work back then, so what hope have we got now?
The other point I have to say about Corbyn is he doesn't practice what he preaches. If he is a man for the people why does he live in a massive house in the centre of one of the richest areas in London? If he was a man of and for the peoplex surely he would give away most of his wealth and live in a reasonable house and be a good egg? Alas, he isn't a man for the people, he is a man for the shirkers and the do-gooders who think that nationalising everything will be different to how it was when stuff wasn't nationalised.
Yep, i missed the 6 months bit, but the rest shouldn't be too far off, although I can see a consolidation of at least 10:1, but more likely 20:1 happening in that first year of production as well. That gives us post Blackrock dilution and with about a 20:1 consolidation around 300 million shares in issue, which is a pretty good place to be, in my humble opinion.
Some fag packet maths.
2,500,000 (revenue per month) x.65 (predicted profit) x 12 (Months in a year) x 8 (A very conservative p/e) = circa 150 million dollars or about 110 million pounds at current exchange rates or about 2p a share post Blackrock dilution.
RichardKaz,
How am I supposed to reply to people who attack me with insults? Roll over and play dead or reply to them and ask them for their opinion on what is a realistic timeline for the company to expand using the tools that we alone know that we currently have at our disposal.
I am being absolutely genuine in my timeline opinion and like I said no one seems to be able to actively criticise it too much, so they are denouncing me as being someone that they can insult and when I reply I must be too sensitive.
And once again the insults start flying instead of actually reading what I have put and argued your point successfully, which is the point I am and have been trying to make since the first insult came in.
You think that my timeline is incorrect, so produce one of your own and be realistic in the expansion and debt management.
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha.
Wassatt,
People aren't interested because it is a reasonable timeline that uses only La Parilla production as the money to expand the company. Yes it can be sped up with the grant and debt finance for the other assets, but neither of those things are guaranteed yet, so I didn't use them for my timeline and I explained it this.
Hiwever if you feel that no one is interested, why do you keep trying to draw an emotional response from me, is it because then you can say we'll he is being emotional and his point isn't valid anymore?
Personally Wassatt, I have just asked the informative people on an open forum for a company that I am actively invested in to give me their individual thoughts on a teline for the company and so far, none have actually been forthcoming with said timeline, because they can't actually argue with my timeline and no other funding measures at the moment.
So carry on insulting me and ignoring the point that I am trying to get across to start an actual discussion. Well done.
Bob, if no one is having a pop at me, please explain the thinly veiled jabs and one not so thinly veiled jab.
All I have asked is for people to produce a timeline and explain what they used to get said timeline? It isn't too much to ask for is it?
I put my timeline down, you asked a question, I answered said question. That is the basis of an open forum/discussion group, yet whilst you asked a question about my timeline, who else has? Or did I get a well German Kings are known to be depressive, he thinks all replies are a personal insult and well he did go bananas.
If you think I am in the wrong, please tell me your timeline and let's have an actual discussion about the differences rather than allowing what was a genuine opinion to be belittles in such a negative way as to insult the original poster in not one way, but multiple ways.