Member Info for Kaiser_B

Safety man,

I think that you missed my point here, but i will answer yours anyway in bullet points and re-affirm mine at the same time!

You say that we don't need anymore money, that is true, currently and long may it continue, but Wolfe had debt first off and still can't service that debt. Therefore will II's see those cold hard facts and be spooked away from other junior miners of tungsten?

You state that we have specifically designed equipment for the geology and the physical properties of the ore body and we will be more efficient. Yes, we do, but there are no guarantees on the efficiency bit, however we can be reasonable assures that we will be more efficient, but why is that? Oh wait, that is because we did placings to raise cash to drill the ore body and understand its properties, something that some PI's here have baulked at and continue baulking at when discussing the gold/copper assets.

Yes, we have the grant, but it IS conditional, so until it is in the bank, I am not holding it as an asset and until it is in the bank, there is always potentially the need for more cash, just like Wolfe. So is that scaring away II's too?

You say that Wres is in a major EU country with great transpose links, but surely Wolfe have that too? And they are still struggling?

Yes we do have lower debt and I hope that it is gone altogether in the next couple of years, but again we have no guarantee on that either do we? Look at Wolfe, started out with comparable debt and it is now double what it was at the start. Again are these cold hard facts, scaring away II's?

I do agree that potentially we are a far better bet than Wolfe or ORM, but until we get the first FULL and commissioned quarter production results and then the full year results, we may yo-yo a bit and I am a long term holder and these beauts account for about a third of my portfolio and I am hoping that if my new tenant moves in quick, once the other moves out to have some cash freed up to get some more shares regardless of the share price at that time.

Also whilst I agree that we shouldn't compare ourselves to others, it is a necessary evil as we can learn what they are doing well and try to do our stuff better. Like I said yesterday ORM are obviously selling their story better, hence their Market Cap. The longer it remains at these levels the more we all can buy as money becomes available, as we long term holders now what is coming and we are all here for the dividends, well i sure as hell am and pretty sure most of you lot are too.

If MM gets this company to where we DO all want to be, it will involve buying up other companies, what companies would you all like him to snap up? Wolfe? ORM? Metal Tiger's tungsten assets?

Just curious.

Anyone else interested in the Wolfe stuff today?

Do we think that they are eventually getting their or are they just biding their time until they dig their own grave? Just interested in anyone's view here, especially as we have half the debt, none of the infrastructure payments, plus the right equipment doing the right stuff from word go.

It also begs the question and I am not deramping here, but could it be why we sit at these levels.

If Wolfe are struggling and ORM are potentially owing a lot more, as they build dams and infrastructure, that we already have in place, are they making institutional investors nervous about junior miners mining tungsten?

The reason I ask is that, clearly the majority of the people on this board have been here for a long time and despite a few spikes, we languish at these levels, surprisingly. If II's were in big here, would we be at these levels or would we see a higher share price support level?

Sorry mate, I wasn't accusing you of knocking me here, just stating that a few weeks ago, I said we would get a rise on the way up to production and got shouted down for it.

Yes AIM, is a tricky place isn't it? It is full of Pump and Dump companies, Bod who take excessive wages to fund their lifestyle, but there are a few really good examples of proper junior companies on there.

Some even make it to the big leagues, such as Centamin and Sirius. I am hopeful that MM wants a FTSE-250 company as this company has legs to run, it will just depend on how mu MM wants it, I suppose.

Personally I would like to see us, once production has begun, consolidate the mines in the Spain and Portugal area. For example, Metal Tiger look like they have their hands full elsewhere, so let's make them an offer on their mines in the locality, etc. I would rather lose a dividend for a year or two and become a FTSE-250 company than take an early dividend and not make it.

Whatever happens, my trading pot will be traded in the hope of adding to my main pot and hopefully getting my main pot of WRES shares for free on a rise to about 1.5p and letting them run and run.

Langtro,

I said all this about a rise on the way to the start of production a few weeks ago, I also said that it would be a great time for me to trade my WRES trading shares, as it will inevitably fall as the traders take their percentage and run away and I was shouted down for having that opinion, but now you are saying that we will get a rise on the way to production and it is OK.

Also I believe that you both have missed my point here, I am saying that on what we have in terms of assets and our debt package vs their asset and what I perceive as their comparable level of debt to us, that we potentially are a better bet.

However both companies are worth what they are currently worth and like I said they have evidently sold their companies story better than we have, because 30% of a mine that produces less than we will initially, isn't that great, is it?

That being said, it could also be that people know that production is coming soon, getting in now, then selling on news production has started.

Which is what I said, will happen here too.

Surely both companies are worth what people in the market price us at and people are willing to pay and besides I never said that were overvalued, I said on POTENTIAL they look overpriced, which in my belief they are, as they have to service a comparable level of debt with only 28-29% of our INITIAL La Parilla production.

However they have evidently sold their story better than we have, probably because they only have 30% and another company has operators hip and 70% they are perceived as not having got as much risk and proposed costs associated with it all.

Let me get this right.

ORM have 30% of 260,000 MTU's of tungsten or 78,000 MTU's to service 30% of finance required at 99,500,000 or 29,850,000, which is only 5,150,000 less than us and we will produce 270,000 MTU's of Tungsten which is 100% ours and we have 80% of it SOLD in a pre-agreement. Plus Regua and Tarouca and the copper and gold assets.

Yep, thanks for the heads up on ORM, but no thanks, to me they look overpriced on current market potential.

People are only complaining about the share price for one of two reasons, they have no money to top up and reduce their average a bit or they gambled it would keep going up and it hasn't.

Firstly when does the market go up, without any correction at all?

Secondly, why complain about something that is so far beyond your control that it just makes you look like a keyboard warrior when throwing accusations etc around.

Being honest here, I have taken advantage of the various corrections post brexit to lower my share price and I am here for at least the next 12 years, but in reality I will be here until they form part of my inheritance, that isn't loyalty or a misguided sense of trust in the company, as the company is making money hand over fist here. Yes, it has got legacy issues still to sort out and the integration of MBNA in to the business and the continued Digitisation of the business too, all of these cost money, but so what, if your average is anything like mine at about 63p a share, you are getting a dividend worth in excess of 4.5-5% a year based on last year's figures and the interim has grown by 7% to, so if that continues to grow at 7% a year we will have a grand total of 3.26p a year, which if bought at this level is over 5%.

Yes, there are shares out there that give you a bigger growth or dividend yield, but that RBS is paying out an interim dividend of 2p, yet is about 3.5x our share price for an interest of 0.008340284% on today's closing ask price vs Lloyd's 0.017694725% which represents the better view in our eyes.

So instead of looking like a keyboard warrior, make a decision and stick with the share and think how lucky we have been to be receiving good dividends or moan about how bad they are.

As for the buybacks, so what, again people are moaning because the share price hasn't gone the way that they thought it would have. Again see my points above.

Ha ha ha ha ha ha ha ha ha

Another 37,000+ shares bought today and luckily my average stays about the same. Just need as many shares as I can get my hands on between now and lift off, but I don't think I can get anymore, unless Santa Claus is good to me this year.

And if there is we might see a pound a share.

Ponfeigh, That 1.5p is just what I need to run my ISA wrapped shares for free, by selling my none ISA wrapped wres shares. I am here for the 10p party if not more, there will be a consolidation at some stage too, by my reckoning.

Troajan, I think that I didn't get my point across well here, I don't mean to trade day in, day out. My plan is sell my non ISA wrapped wres shares at 1.5p,that means that all the ISA wrapped shares are free, if they go up past 1.5p I will put the money elsewhere, but if they do drop a bit which should happen at some point as nothing goes up forever and at 1.5p a share that means it be an increase of nearly 350% increase in share price from this current buy in level, then I have the funds to get a few more free shares, don't I? If the share price does indeed sale past 1.5p and heads towards 2-3p, I obviously won't sell my tradeable shares until I feel that I will get the maximum I can for them and hopefully if they drop a bit, I get some more free shares. As for the trading comment, I just meant that we probably will see a rise as people dive in for the rise associated with the start of production and it should give us a decent rise, however, I am keeping my ISA wrapped shares for all the dividends that will come flowing in and I am hoping for dividends in the thousands over the length of La Parilla, Regua and Tarouca and I am not even including the copper and gold assets in this yet. Sorry if there is any confusion there

Troajan, I was thinking more opportunistic trading, but I won't be trading these until about 1.5p anyway, because if they do keep going up, all the rest of the ISA wrapped/non trade shares are free regardless and if they drop again, I can get some more free tickets and try to build it up from there. If I can i want to use the trade shares to pay for a Disney trip for me and my daughter in a few years.

Troajan, Tell me about it, I have been doing alright with shares got 10,000+ shares in Lloyd's, 8,000+ shares in Sirius and a nearly 400 Vodafone shares and those three are growing monthly, not as fast as I'd like but from a small acorn grows a mighty oak. To be fair, I have taken the Lloyd's shares from an average of 85p a share to about 65p a share, I am actually taking my Sirius average up month on month, but still at roughly 20p a share there and Vodafone I have got at an average of 178p, so all in all not looking to bad really with my longer term investments here. I am hoping that once this goes, I can sell my trade shares to cover all previous WRES shares purchases and the good news is, I only need 1.5p a share for that and when production starts we should should easily see that price. To be fair, we might also see a rise in share price during pre production, as people jump in to get a quick buck for the production news, etc. During that but, it may be a great time to trade my free shares, hoping for 1.5+p followed by a drop to 1ish p and to load up with some more free shares. Basically i am hoping for a repeat of the La Parilla news all that time ago, when we went to 1.85p max from about 0.35ish. I have ill take that bagger again right now. Ha ha ha ha ha ha ha ha ha ha ha.

Yep, finally over a million shares here, yes I know that is small potatoes to some of you, but for me it is a sizeable chuck of change. I am also happy with my average and the number of shares I have and yes my average could have been lower and yes I could have had a few more shares, but the money comes when the money comes, doesn't it. The best news is 2/3's are isa wrapped and the others are awaiting me to trade them, but I always chicken out here. #bringonproduction

Mick many are underwater, I am guessing that you are too, but you still haven't answered my questions from the other day, have you?

I am a firm believer in the company and so I have tied a lot of my money in here for a very long time. The fundamentals of the MBNA purchase and the strength of the bank alone will help, but the main point is PPI is over in a year's time and that will mean that once that provision is dealt with that will be additional cash in the bank for purchases or for divs. At the end of the day, we have an additional 4.3 billion in the bank from the share sale and the Irish asset sale and with that we have a loss generating effort off the books at the same time. That means that the MBNA purchase is basically down to a few billion pounds and paid off from the synergy savings in next to no time.

And in that time since 2011, has nothing in the world happened that would create instability in the world or financial markets?? Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha. If you can honestly say that everything that has happened since 2011 is AHO's fault, then back it up with hard facts. Was he to blame for Lloyd's taking over HBOS? Was he to blame for the PPI scandal? Was he to blame for previous incumbents decisions? Etc. As far as I can tell, the only thing that really we can trace back to being his fault is the affair and what had/has that to do with Lloyd's? Since 2011, have we received dividends? Have RBS shareholders or more appropriately has the government received dividends from RBS? Have we left government control? Have RBS? I guarantee if the share price was a pound a share, you would be singing AHO's praises, but it isn't and so you blame him for everything.

Mick if your average is that, then I feel for you, I have been invested here for a long time and my long term is aiming for a minimum of 12 years, as I have invested in these for my daughters future, but in reality, it will be a life long effort on my behalf. I have been lucky to reduce my share price from 85+p a share to the current level, but that is because I have a monthly investment amount that has taken it down to these levels, plus with the div re-investment, that has further reduced it. Brexit made sure I got some at around 50p a share, but the longer it holds out at these levels, the better it is for me and those lucky enough to have shares at or around this level. Not rubbing it in here, just offering a balanced effort to those complaining about the share price level, as the lesson is, everyone says something from their own perspective. It just takes a while to work out which is their perspective.

Why are people complaining about the share price? If you are in for a long time, the share price will average out over a long time. If you are after a quick buck, you are in the wrong place as this share a slow playing dividend stock. Let's be fair here, the lower it stays for longer then the II's and long term monthly re-investment investors are happier. Personally I am a monthly re-investor, so I am happy with the price, because my share price has gone from a high of 85.7124p a share to 66.8688p a share and will drop further on my next purchase. Plus the lower it stays at the moment, the more shares that Lloyd's buy in the share buyback and the better the dividend is in the long term. By my reckoning, Lloyd's have purchased 631,492,233 for a price of £414,891,941.95 giving an average price of 65.7002p a share and dropping by the day. Long may it continue.

Jange, It is all guesswork at I put a pound after the consolidation, because we will be looking at a minimum of 5-10% divs at full production and loan paid off, etc. Yes, we will still have to fund the other projects to fruition, but I am sure that if we are producing something like 2,700 TONS a year of WO3 concentrate and expanding to T3.5, we will get an excellent deal on finance. At the moment, the Blackrock deal is a good one, even with the 5% dilution, but at least it intrinsically links them to the company. We just need Regua sorting out soon and we could be on par for 4,000 tons of WO3 and use Regua to underpin Tarouca and bring that on for full protection too and we may literally become one of the biggest suppliers of WO3 in the Western World. Once those are steaming along, we should get the gold and copper online and look at other opportunities too, if MM is thinking long term to build a mid cap, he has a long way to go, but if we get to mid cap, our shares will be worth a small fortune.