Member Info for L200

Clearly not, just because the trade is blue does not mean it is a buy, it was 6.4p to buy and 6.28 for small amounts to sell, go figure !!
I have been saying for weeks that a placing was coming, in their defence 6p is a decent price for a placing when the bid is already at the same price.
It is pretty obvious where the rest of the money is going to, keep the lights on.

All buys bar 1 sell.
Sp looks strong.

Show me the post when i ridiculed someone ?

Well it looks like going into the 5's today, only 1 mm left at 6p.
if i was still invested i would be selling at 6p and then buying back at 5p when the dilution comes.
Or you could just listen to the usual rampers and hold thinking next month will be better.

Oh well if they are cash flow positive and Ebitda postive , then they wont need any more cash, whither it is through more loans via Atlas or more likely another placing.
We will see !

IE, I think that would be the last resort.

So MM is in good old Glasgow, i wonder where does he go from here ?
My guess back down to London and meeetings with his broker's, who will then see what kind of appetite there is for a discounted placing.
It would need to start with a low 5p before i was interested.

" Placing, Ask kev , he will know ."
Obviously not !

Does it matter if IR are making a small profit ?
Not unless you have invested your money in them and not Wres !

Goingunderground, talking of which, where is Troajan, has he been suspended again ?

You could be right but most of the sells are small numbers so far.
I will keep a hold of mine from both the last 2 placings.

Try telling that to the idiots that are selling under 6p .

"£3M ", Steady you are counting the loan which is not available as cash in the bank.
And figures are as at the 30th of June, so more likely nearer the £1.5m cash.
Should still be enough at this stage.

Anyone that doesn't think that Wres will need more cash whither it is another placing or a new loan, is frankly nieve.
So to answer the question, NO !

"We are EBITDA positive "
No Iberian Recources are .
Wres are not Ebitda positive, there is a big difference !!

Joey, he has big questions ahead of him.
Does he top up again and average down or does he wait for the placing and then top up, or just admit he got it wrong and sell ?
At the end of the day he is a trader.
I wish him well.

I dont think Wres could afford to pay their wages, in saying that if they can pay MM consultanty fees of $350k a year to manage a loss making company, then who knows .

Rubbish, why would they buy now at 7.5p when in a matter of weeks they will be able to fill their boots in the placing.
The big question is at what price ?
6p would be my guess.

You are now comparing a £9m market cap with a £70billion company !
Unbelievable.

That sounds about right, filter anyone that has a different opion to yourself, you wont learn much only taking in one side.
And then you top up just before the incoming placing or further loans, very clever !!