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30% today, and tomorrow, and the next day etc would be nice
Having not been involved with a company consolidating shares previously. Does anyone know if you have to take any action with your broker? I'm with ii in ISA accounts. Does the consolidation simply mean that my share count will change accordingly or does it involve in effect a B&B type process of selling and then buying at the new price? Sorry if anyone thinks its a dumb question but if you don't know you don't know,
Because it changes everything for me. This will never hit 35p (my breakeven). Consolidation is never a good result. Yes I was upbeat, yes I did buy another £3ks worth on the back of the previous RNS. If the Consolidation rns had come first I'd be £3k better off. With my 13 mill + holding I was hoping this would hit maybe 4/5p. Now with those becoming 132000 it would have to go to £1's to get that sort of return and what chance of that. Fat chance.
Yep phone calculator
Holding 13,321,878 shares currently. After Consolidation I will have 133,219 (100/1). I will need 3.5p a share to break even. Cannot see this share hitting that price in my lifetime.
God knows what is going on with these mysterious trades. The whole thing smells of a stitch-up of the PI's to me. I have zero trust in the board to look after our interests anymore. Sell off? Take over? Pre Pack? who knows where this is heading. Communication is dire, appalling presentation by CFO did nothing to allay my concerns.
Come out come out wherever you are. The clues are in the title PUBLIC relations.
That makes two car crash interviews this week and its only Tuesday!
Or a pre pack!!
Managed to watch 1 min 11 seconds before turning off. Where the F did he get his media and presentation skills training? What the F is our PR company doing letting him loose in public? Worst Wres interview ever at the worst possible time. We are truly f***ed! Not sure whether to cash in my £8000 and write off my £48000 loss after this. Absolutely dire performance in every area of Wres.
Having pondered on this today, I dont see this having a happy ending for pi's.
Recommend a test drive. Porsche best car I've ever driven. Driven Ferrari and Astons, they dont come close.
Agreed. We are certainly now in the last chance saloon on the last orders. Could have bought a nice Porche with what I've stuck in this. Hopefully, IF masterman can turn this 541t show around I may be able to buy two!
Consolidation of SharesAlso known as a reverse stock split. A reduction in the number of issued and outstanding shares that increases a shareholder’s per-share value proportionately. Consolidations are most commonly used by public corporations, particularly when a corporation’s share price has fallen and it wants to prevent a delisting of its shares or attract more investors (under the theory that increasing the per-share price is attractive to investors).After a share consolidation, a current shareholder holds fewer shares, but each share is proportionately worth more. As a result, share consolidations do not change the aggregate value of what shareholders own or the overall market capitalization of the corporation. For example, if a corporation’s shares are trading at £1 a share and the corporation declares a one-for-10 share consolidation, every 10 outstanding shares held by a shareholder becomes one share with a value of £10.So, no one will lose anything. The share price will go up. II's will be attracted and everything in the garden will be rosy.Only if this is followed by the announcement of superstrong production and sales figures and some long-overdue news on the fabled gold. Maybe one last chance for Masterman to redeem himself and prove for what would surely be the final chance that he is a good CEO and he does know what he's doing. Time will tell and like a good number in here I'm so far under its not worth selling so I'll ride my luck and see where it takes me.
Still, at this price in a few week's time, I may add another few mills myself. Had a 3mil top-up on the day of the rns.
Would be nice to see a nice steady rise with consecutive blue days following yesterday's news. Cannot really understand why we are down here with production now confirmed.
from .432 to .35. So that's good. I have said on here I would not invest any more here but we are all entitled to change our minds given fresh information. It's all we needed from MM and Justine. Just that reassurance that we are really on our way now.
Well done Michael and Justine, not before time I have to say. Quite reassuring and to thank you for your hard work I've just bought another tranch of shares which will increase my holding by around 30%.
He's getting on a bit. I have searched and searched and I can't find anything. He may have been mistaken. I was only asking the question in case it was me that couldn't find it. I'll be speaking with him on the phone later so will tell him he was wrong. I'm guessing it may be the old one mentioned by uc4a lower down. The last video's on W's website are about 12 months old now. This is exactly the point I've been making re poor PR. Surely the company can post videos on theor Website/Twitter showing current production in progress and an overview of LP and Regua as they are currently. Surely there is some progress to see in the past year that doesn't require and RNS.
Very much so. Holds more in here than I do and in many other companies too. Very successful and experienced investor of many years and a relative of mine.
I was told this morning by a fellow WRES investor (they don't frequent this board) that our glorious leader had made a rare appearance with a proactive investors interview. I think he's mistaken I can't find anything anywhere.