Member Info for Kaiser_B

Well if you don't agree state that rather than go for a thinly veiled attack/light-hearted banter.

I still feel that you meant to belittle my posts and nothing you can say will prove otherwise and personally I think that you know that you have mucked up and now hope that you realise that what you say can be construed differently to how they are meant by different people.

As for the moral high ground, if you personally think I have it, then that confirms that you believe what you said is wrong, because how can one person have the moral high ground unless the other person is wrong in what they say or do?

So because I don't have the same view point as you, it must stem from a depressive point of view? I mean really, what type of guy judges people so dismissively because the points don't match their own?

A quick couple of questions for you, as you still haven't actually corrected any of my points that I have raised.

What is actually wrong with the points I have raised and how does being pessimistic on AIM make me depressed?

If your original insult was meant as a light hearted joke, why leave it as a generalisation that could be construed either way? Oh wait I know, so if someone called you out for it, you can dismiss it as light hearted banter, but personally I believe that you actually were trying to belittle my points, but I am happy to be proved wrong, so I might just report the comment and let an impartial make the decision on the insinuation of whether it was a thinly veiled jab at me or whether it is light hearted banter that you have implied at me.

Also say that I was actually depressive, what makes it OK for you to dismiss valid points just because I could be depressed.

Please feel free to try to dismiss your jab/light-hearted banter as nothing but we have all sorts of people here and for you to dismiss valid points in such a belittling way is and will continue to be demeaning to anyone who has suffered or does suffer from depression.

Mining, Yes, but considering that their is only a crusher in the vicinity and no concentrator, pray do tell me how we intend to get it to full production before that point. We have mined at La Parilla, but that still isn't full production, is it? It might actually be like La Parilla's limited production run to show the quality of the Tungsten, but also it might just be running it through the crusher and stockpiling it for the rest of the equipment to arrive.

So basically you are saying that I am depressed because I am being pessimistic about things on AIM? Wow, that is actually quite UNNERVING and personally I feel I should be reporting you for what is in effect a thinly veiled personal attack on me for using the data that we have available in actual RNS' not speculation or hope, but I won't because A: I am better than that and B: Going for a thinly veiled personal attack says a lot more about you as a person than anything I can or could possibly say.

The reality of the situation that you describe is that you wouldn't be saying that if I wasn't being pessimistic and I was singing the companies praises and how dividends will start next year etc. Not everyone will agree with me on my timetable or the fact I am not including anything apart from production, but to actually say I am depressed when you don't offer anything to counter the discussion I am putting forward smacks of cowardice and the fact you can't actually disagree with the points I have made at all and yet, because they don't fit in to what you want to hear, you undertake a thinly veiled personal attack to, hopefully at least in your mind, elicit an emotional response back from me as proof of something you can dismiss smacks even more of cowardice. Well I am sorry to disappoint you here.

If you want to shut me up, prove my points wrong, include where I am wrong, how I am wrong and let's have a discussion, just please for the love of all that is holy, don't dismiss me because my discussion doesn't match up with your expectation.

Thechaser, I am not saying that won't happen at all, I am not even saying that regua won't get financing for it. All I have said is that if we do it ourselves it will take time to add Regua to the production pot, because it will cost money to do it.

If however, we get someone to come in and fund it, we will obviously be in a better place, not only for dividends moving forwards in terms of them happening sooner but to get the other assets up and running earlier.

Personally, until any potential deal to finance Regua is done, I am not holding my breath, the sane as I am not holding my breath on the grant from the local government until it hits our bank account. The only thing that we can control is what we do, but we can do nothing about outside influences such as the weather, getting the right locally employed people, etc.

I know that people will say that I am being pessimistic here but surely we all know that on AIM it is better to be pessimistic and cynical rather than eternally optimistic when a million things can and do go wrong all the time.

I would also just like to point this out to people.

This is La Parilla's FID RNS, please look at the date and make your decision on whether mining will be started in quarter 4 this year.

25 August 2017

W Resources Plc

("W" or the "Company")

La Parrilla Update

Financial Investment Decision Report and Debt Funding Update

So yep, i hope that mining will take place, but in reality it will take a bit of time to get Regua to actual full production.

Hartlepool Bob,

Yes we do have in all likelihood most of the cash and you might note that I haven't included ANY other forms of cash besides production too. Yep, that's right no grant money or ANYTHING else. Just purely off production money, hence why I say 5 years and only put the dividend in at 4 years. To be fair, the FID for Regua will need to be in a range similar to La Parilla, yes the crusher is there, but we still need all the other stuff, especially the MOST EXPENSIVE bit, the concentrator. That is unless we are going to be transporting all of it from Regua to La Parilla for concentration, which is something I doubt will happen.

Also StealthTaxVictim,

Yes, the FID will be done, hopefully, in quarter 4, but the FID isn't everything is it, it is just the business case for costs and equipment to enable us to go to companies and banks and say this is the cost, this is the profit, can we borrow money to make this happen. Which DOES mean that we still need to order quite a number of parts and equipment to actually get Regua off the ground, which may in part be good, because if we are just ordering parts at that point, it should mean that have most of the year to pay for them outright or atleast pay up most of a deposit towards them.

I am not being negative here, I have lots of money invested here, but there is still a lot of expenditure to get all the assets to production and we may not, as I have stated, get to mid-cap off our current assets alone at least not for the first 5 or so years, due to the actual expenditure of getting all our current assets to actual production. As I also keep saying, I am here until the company folds or is bought up by another. The dividends, which I predict will occur in from year 4 until the end of the company will pay off all my money that I have put in here handsomely and I am not even including the actual rise in share price too either.

There will be enough free flow of cash to develop or buy up other assets eventually, my point is that word eventually, surely like anyone who is borrowing money we need to pay them back ASAP, whilst separately developing La Parilla to T3.5, because that is where the real cash flow will happen.

So my proposed timeline is as follows

Year 1 - decreasing the debt and T3.5 upgrades and if cheap enough to do, get Regua priced up and hopefully started by ordering all the bits we need for it.

Year 2 - further decreasing of debt, get Regua fully developed in to a tungsten hub ang hopefully start ordering some bits for Tarouca unless by then we have worked out that it is big enough for its own full mine development.

Year 3 - further reduction in debt, start ordering the bits for CAA/San Martino or finalising Tarouca.

Year 4- Finish debt payments, fully develop Tarouca, CAA/San Martino, and start developing the copper assets. First dividend payment, whether dividend or final will depend on when the debt payments finish.

Year 5- Finish developing the copper assets and from here we start to stagnate as a company unless other opportunities and assets come our way. Hopefully we are a Mid-Cap by this point, but no guarantees at all.

I think that this is a reasonable reflection of what could or should happen in the first 5 years post La Parilla production starting.

Year

They can depending on the P/E in the first few years, but we need to pay Blackrock back, whilst at the same time getting Regua and Tarouca underway, that does not include the gold and copper, but again, why stop there? There are multiple assets in the localities that offer us a much longer company life and generating much bigger shareholder value, so why wouldn't MM expand the company by buying or exploiting the relationship that we have with the local government.

I am here with over a million shares and over 300,000 in my trading account, that isn't a lot compared to alot of people but for me it is a vast chunk of change and currently represents about a third of my portfolio, so a lot tied up here but in reality, I can only see it going one way in the long term and once my tenant is sorted out and the money I am holding for stuff is released, it will be coming here ready for production and expansion and in a few years time, dividends.

My aim is to use the trading shares to make the holding shares free and as close to free as I can, however, I still want MM to make this company as big as he can and yes, we have assets that once in production should get us to Mid-Cap, but again there are no guarantees there are there?

Grow or Die. There’s no such thing as stagnant.

Clearly not old news my old China, because when I said about expanding the company which further purchases, no one then said, oh wait that's old news, in fact most took it as why are you even suggesting that!

So perhaps not old news, more like unloved news.

But not me.

The Board is focused to explore further opportunities in the region with a view to building a mid-tier minor metal producer.

So it appears that MM isn't going to be resting on his laurels post La Parilla and kicking back with a brew and throwing some shrimps on the barbie.

I hate to say I told you so, but I told you so. Mid-tier is in the range of a market cap in excess of 450 million pounds. Which is about 20x our level right now.

Personally I can't wait for this and once the dividends come through, alot of us will be heavily recompensed.

Personally I don't care which way it goes in terms of share price, I am here for the long haul and the share price will fluctuate up and down until production is in full swing.

The good news for the drop at the moment is when my monthly investment buys them, I get more than I would have got at 36-39p a share.

Everybody here has their own agenda, aside from the fact we are here to make money. Some like me are buying as many shares as they can afford, so once production begins and the dividends start flowing we are coining it in and some people are traders, after a quick buck.

At the end of the day, we invest for our own reasons, and we all comment on here for those reasons. Do I wish I had of known that the drop was coming, of course I do, I would have sold up, put all of it in to a short and made a bloody killing, sadly I didn't know, but that is all right because I am increasing my holding month in, month out. Some people, for example the traders, will be up in arms, as their money is stuck unless they sell or close their T20's at a loss, but that is the stock market for you.

Personally I believe that once this is in production, this will be a FTSE-100 company and paying out dividends eventually in terms of the current share price, so what does it matter if there is some dilution on top of the debt finance, personally I am not bothered, because in all likelihood that extra dilution will go to II's and sophisticated Investors who won't sell them, until it is multiples of this share price.

So be patient

Personally, I don't care if it drops or goes up, my average is something like 17-20p a share, but I am not bothered about the share price or average cost per share, what i am bothered about is that when we get to production how many shares I actually have in my ISA.

Let's be honest here, whether the news got out or not isn't really up for debate, as personally I think it did, and yes I would have liked to be privi to that information, because I would have sold my holding at 36-39p a share and bout back in in the 20p's and increased my holding to boot as well as further reduced my average share price.

At the end of the day, I would rather know NOW than in the middle of the drilling have to go again and risk even more costs and delays etc.

We all know that this share is going to be enormous in the future, it will be supporting people for most of or all our lives and will people really be moaning if this goes to a couple of quid a share and the dividends are 5-10p each?

Nope, so just suck it up and if like me you have a monthly investment effort or additional cash hope that it carries on dropping and get even more shares than your cash would have got you previously.

Yep, but does that stop us from organic expansion in the future? Nope, it doesn't, it means that the 11 year life of mine is, in likelihood, going to be expanded to 20+.

My argument is, what does MM have planned for the future and is everyone as optimistic about expansion as I am?

HartlepoolBob,

I couldn't have put it any better myself, obviously I tried and failed. Ha ha ha ha ha ha ha ha ha ha.

We did get a MM statement that it would be a few million to get Regua up and running but that isn't defined as anymore than MM speculating is it really, because we need cold hard facts to go from speculation to crystal clear.

Once that is in place, personally I believe that MM will be all over it like a rash, he is too heavily invested not to do that.

I also personally believe that Regua will be the catalyst for the expansion of WRES, because La Parilla will service the Blackrock loan and PLC costs and possibly even a loan for Regua or if it is small enough, use the grant money, if we do meet all the conditions of that.

Once that is in place, Regua can fund Tarouca, either to full mine infrastructure, if big enough, or to partial mine infrastructure to minimise transport costs, because like I said earlier there is no point transporting big rocks that contain no tungsten 40 Km's to Regua for them to put it through the crusher/jig and mill is there?

Once those are going the Blackrock loan should be done with, unless we decide to go to T3.5 whilst or before paying off Blackrock, which should put us in a good place in the next 3 years and then lo and behold, we have the gold and copper assets to develop too, straight in there with those beauts and hopefully, within 5-6 years all our current assets should be in production or just starting it at least.

I believe that those are realistic time frames, anyone any thoughts on any different timescales?

Yep, those .39 grades are amazing and we have 100% of them. ;)

Let's be fair here, we are in the luxurious position of having multiple assets across multiple metals in the works, with one FULLY FUNDED massive mine that will guarantee 11 years of mine action on what we have currently, let alone the fact it is open at all points and depths.

We should be thankful for the placings and acquistions, because all have brought something pretty special to the table and with modern techniques and technology, should be eminently profitable for all of us shareholders.

Tarouca is early stages but MM said that it is only 40km from Regua and as soon as he has money, I can see him drilling holes all over it, firstly for the JORC and secondly to understand what we need there in terms of infrastructure, because if Regua can sustain a concentrator, why do we need two in the area, when a bit of transporting will surfice, unless of course it is comparable to La Parilla, then develop it, as a seperate mine, but either way we will need some infrastructure there as what is the point in shifting big rocks 40Km's to have them tossed out at Regua, if that is indeed going to be our tungsten hub for both mines.

Like I said I am just looking to the future between 1-10 years away, as I intend to keep until the company is bought out or MM decides that he has enough money and retires, at which point, I hope to be able to retire too.

Continued from post 1.

Yes, the criteria for the grant is very simple to meet according to you, we have to be in production by a certain date and provide local employment. Granted that looks simple but what happens if, for example, there is a really bad autumn and it floods the area and we can't do some of the work that we need to do and it is delayed. Yes, delays do happen, can you guarantee that we get the grant then ? As I have said I am not counting it until it is in the bank. END OF .

Also you state Wolfe is in the UK but has met with local opposition, because it is on the outskirts of a major town, so has to comply with all the regs that accompany that, where as we are in the middle of no where, so we don't have to comply with, for example Noise regs and can work 24/7/365.25 if we choose to.

ALso you might have noticed that yesterday I put about this company not being a Pump & Dump effort or having a board filled with people living it up at our expense, so not sure how that ties in with what I put about why we, potentially, are looked at in a similar vein, because I don't think either of the other two companies boards are doing that.

Also with respect to you on the feasability part, Blackrock insisted that we keep the CAA/San Martino assets, why is that, because if we can't pay off our debt, they will asset strip us and get all or most of their money back, which again is like the Wolfe RNS today, although they now have to give up the right to do all this WITHOUT shareholder approval.

Safetyman,

Once again you missed my point, I am not saying that the companies ARE the same, I am saying that potentially they are being VIEWED as being the same as other junior Tungsten miners. That is an important point, something that I am sure you understand, even if you aren't describing it at all.

Yes, granted we have OTHER assets, something neither of those other companies have and we are concurrently developing Tarouca and Regua and Regua will be the tungsten hub for both those assets, but I would like to see some infrastructure at Tarouca to minimise the amount that we would have to transport to Regua, which will minimise costs for transporting, but we don't need a concentrator there, just as much as we need to get rid of the big rocks and most of the spoil.

The gold and copper assets are great and once La Parilla is up and running, we should hopefully be able to get those up and running too. it shouldn't be too costly to develop San Martino properly, which will, hopefully, fund the development of the copper assets. However, I am looking forward in the future and I am not on about 3-5 years, by which all our current assets should be in production but 5-10 years. I am a firm believer in the fact that we shouldn't stop growing the company at all, unless it comes with a negative aspect to it, but we should be looking or hoping that MM is aspiring to build a company that is worth far more than 50 Million EBITDA a year. In my belief we should be looking at a company worth double or potentially triple that a year and for that we will need some or a lot of organic growth, such as buying other companies or assets that add shareholder value.
For example Metal Tiger have a large Tungsten deposit in the same region as La Parilla, should we develop it after buying it off them and earning more or should we let them develop it and we don't get the upside to that and risk a competitor?

I also understand the properties of the ore body, there has been detailed JORC reports and RNS' about it, and yes I understand that we don't have mud/clay like Wolfe do, but what enabled us to have that information? The money raised through various placings, something Wolfe, evidently didn't do too well, which has caused them all sorts of problems and something that people on this board have complained about happening. MM has diluted the company but he has done it for, IMHO, the right reasons.

Continued on post 2.

L200 actually you have 30% of 0.26! 😉😉😉😉😉😉😉😉