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WOW...Communication at last!!!!
Not all bad news I think. We all have to assume that they have agreed a financial package to cover the cost of works (that should have been forseen maybe given that fossil fules days have been numbered for years). I live in hope that this can be turned around in my heart although in my head I still think its a busted flush, still think its been abysmally managed from the get go. But...there is a glimmer of hope maybe that it gets up and running once again and that one day maybe I can see something close to my ave of 0 .2578....hopefully...one day....maybe....still not convinced though.
Still open is a matter of opinion.
Kevins back...woo hooo. I'll take that as a positive sign. LMFAO
Thanks for that.
Just knocked the door to see if any one is home as there has been the usual radio silence since end of May.
I know it's forlorn hope but may get a response you never know.
"Are we likely to receive some form of confirmation and recognition from W Resources as Pi’s of our shareholding? I of course have all of my records of my buys and sells from my brokers but I understood from a 3rd party that W Resources were planning to issue written notes to shareholders acknowledging our shares.
Or do I assume this is a busted business and in effect in receivership?
Some indication of where we all stand would be appreciated"
What emails? The imaginary ones?
I've had more information from my broker that I've had off bloody W Resources.
Does anyone know if we are to be given any further information about our shareholding?
Iam assuming this has gone forever and I should forget about it but at the moment we all still own shares in a 'mothballed' business, its has not been officially liquidated so there may be some feint hope that it may ressurect at some time at which point our shares wouls have a value again.
Still no shareholder info on the website so I may have to resort to trying toi email them directly.
Before I do that has anyone else had any direct contact and had any response. Its a shame Kevin has gone away, he seemed like he had a direct line sometimes?
I wish I'd followed that huge sell just before we got locked in! Anyone seen Kevin lately?
Of course its the end. Certainly the end for WRES investors. I suspect it may not be the end of the mine. My suspicion is that Masterman and his pals will find some way to phoenix/pre pack this under a new company, screwing over the PI's, doing a deal with the financiers to guarantee their money further down the line. In other words liquidates WRES, starts up a new company and buys whats left of the mine and starts up again with much redused build costs. Used to happen all teh time in the print trade with printers screwing over the paper and ink suppliers. Closing Bloggs Printers Ltd on a Friday and opening up on Monday as Bloggs Printers 2022 Ltd walking away from the bills for paper and ink in the process.
Sounds like I dont trust him? Too bloody right I dont.
If most people on here had listened to L200, GUG and Tungder they wouldnt be in the **** they are today. The only people who have called this right. So, excuse me if I take zero notice of your advice, especially if you think Troajans is good.
.......Anyone seen Kevin?
"The war in Ukraine is creating unprecedented pressure on energy prices, which the company has to navigate and is evaluating all alternative options available"...like shutting the gates and running away
I do hope Kevin is OK...not seen any posts from since weeks ago, not seen any since the gates closed in fact.
Perhaps he's embarrased that he supported Disasterman so much or perhaps he's just upset that he's lost his money or perhaps he very luckily managed to get out just in time...I wish I had! If you are still there Kevin do drop in and say hi we miss your positivity.
Anyway I do hope he's ok!
Just found this little snippet off Proactive just a month prior to suspension.
"WRES W Resources resumes operations at La Parrilla, looking at alternative energy sources https://tinyurl.com/y9tatwxy @WResourcesPlc $EGM0 #WRES #EGM0 #Katie_Proactive"
Seems just 4 weeks before suspension the BS was still flying.
I'll certainly be interested in the outcome of any FCA investigation into that highly suspicious large sell just before the suspension, I do hope that no one was privy to any insider dealing advantage!!!
FROM MY BROKER:
StockW RESOURCES ORD GBP0.001
Event TypeDe-Listing
DescriptionDelisting
Effective date: On or around 24th May 2022
Market affected: Alternative Investment Market (AIM)
Trading restrictions: The stock is currently suspended from trading
W Resources plc has announced that it expects its shares will cease to be admitted to trading on AIM on or around 24th May 2022.
Trading in the shares is currently suspended and Grant Thornton UK LLP has resigned as the company's Nominated Advisor. The Board of W Resources have stated that they do not intend to seek to appoint a replacement Nominated Advisor and that this will result in the listing of the shares being cancelled one month after Grant Thornton UK LLP's resignation, which will be on or around 24th May 2022.
Following the delisting we will endeavour to provide you with a share certificate in relation to your holding if certificates are issued by the company in the future.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment. Any certificates received in respect of ISA accounts will no longer be held within the tax efficient wrapper so will lose any tax benefits.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products.
as I've said before I've bought and sold recently buying in at 93p and selling not long after for a profit and then again at 83p and again sold shortly after for a profit. I'm not ready to let this be a LTH for me but that is the intention. I think perhaps despite the strong objections from many on here JPM may yet be proven right at which time I'll be back in like a shot.
Thought you were talking about MM when you said a full of bulls**** salesman.
The only thing taht mamsterman could not be blamed for is Covid. Everything else lies at his feet. the wrong kit, no drainage all that stuff shoulc havce been sorted. This should have been up and running years ago with pots of money in the bank by now that would have enabled us to ride out this fuel issue. But it wasnt, it was a constant stream of BS excuses and now we are here.....they cant even be arsed to put up the investors Q&A that Astonboy posted last week. Check the website! if you were a new investor and weren't aware of the issues you coule be excused for thinking you'd found a gem...reads very well...and very misleading given the current sh***e we are in.
I agree and as you may note from previous post I gave up any hope of seeing anything form here a long time ago...but it would just be nice to have a final decision either way just so we know exactly where we are at. As usual and typical of Masterman and his cronies they promise much and deliver nothing. I wasnt hoping fpor anything in particular other than some sort of closure. What I got is yet another reinforcement of the companys total inablity to fulfill any sort of promise. They dont even have the decency to tell us exactly what is happening. Masterman and his team are a bloody disgrace.
Apologies if this is old news to some of you I only found it today. https://youtu.be/3C87n0gGneg
No investor Q & A on there yet....
Agreed. Lots of companies in dire straits because we have let stupid politicians and dictators run the planet. RR is an institution and will rise again. Least of our worries with Putin and Biden in charge...KABOOM!
"The road to hell is paved with good intentions". I have no doubt that way back in April 2016 when Masterman presented this video that he really believed and intended that he could get the mine up and running 2017/18. I believed him, wish I hadn't as I now know that his word is worth less than nothing. In my opinion he has bluffed and blustered his way through his disaterous management of this project to this point. We have been constantly promised that all is in hand and although behind schedule, with faulty kit having to be replaced and incelement weather (who knew huh!) that the mine would still be up and running. Had this project been brought to fruition when promised in 2017/18 we'd have all made a lot of money, but it wasn't and we've all been fed continuous false promises that could never be delivered. W Resources is a disgrace. I know things can go wrong, I know investing is a risk and I have no problem with that or having to kiss £40+k goodbye here. What I do not like is the stream of misleading information and exuses that we've been fed since this started. The video is unequivocal. He clearly states WILL be in production 2017/18 and yet here we are 4/5 years on from then and busted because of the delays, management upheavals, purchasing of inapproriate and sub standard kit and lets not forget the occasional rain shower!!! https://youtu.be/1_wyvmRy4nE