Member Info for Mullins58

Placing

The challenges encountered in Q4 2021 led to unexpected pressure on cash flow and the Company is delighted by the support from offtake partner ICD which joins W's share register with an investment of £778,227 in addition to a further £55,106 investment by Symmall Pty Limited, as trustee of the Masterman Superannuation Fund of which Mr Michael Masterman (Chairman of the Company) is both a beneficiary and trustee, which has subscribed for 918,434 Ordinary Shares on the same terms as ICD. The Placing is at a 26.3% premium to the Company's share price as at 31 December 2021.

ICD the Company's offtake partner for tungsten concentrate is supportive of the Company's development and is showing a great deal of confidence in the Company and the potential of the mine at La Parrilla due to the quality of concentrate W has delivered to date.

Michael Masterman, Chairman of W Resources, commented: "A number of challenges encountered towards the end of 2021 have resulted in a much lower performance than we had envisaged. Once again the management team at La Parrilla have overcome these challenges and as we start to mine and process higher-grade ore we are seeing increased levels of production, higher recovery rates and increasing utilisation rates. Lower than expected production levels have put some stress on the Company's cash flow. I am therefore delighted with the support being offered to us by ICD."

Steve Conlin, President of ICD, commented "ICD are thrilled to be able to invest in the La Parrilla mine in Spain, one of the brightest and most attractive conflict free tungsten and tin mines in production today. We look forward to increasing the supply to our global customer base as we increase both quality and production volumes. Tungsten is a very strategic metal and is a major part of the ICD portfolio of strategic defence and high-tech business applications. As a distributor we understand the time it takes to bring a mine into full production and after a number of issues with both plant and access to ore we believe the Company is now at a stage to step up its production. We are excited to become a significant shareholder and participate and contribute towards the Company's growth. We look forward to revisiting the mine and to continue developing our relationship with the Company and its management team."

R

https://www.londonstockexchange.com/news-article/WRES/la-parrilla-update-and-placing-for-ps0-83m/15274571

Was more then happy to pay the 52 week high for my top up !

Where do these people come from. Must remember to filter . Atb

Ticking up - 3.27 paid

This morning. ATB

This morning. ATB

https://www.reuters.com/business/energy/jp-morgan-sees-oil-prices-hitting-125-2022-150bbl-2023-2021-12-02/

Just placed my order. ATB

MBW, nah, back to work !

https://www.mining.com/web/tesla-smashes-quarterly-delivery-record-with-308600-cars/

MBW, I have them all filtered, they add very little to this board. I have my finger on the buy button for tomorrow. Atb

https://www.mining.com/japanese-researchers-find-formula-for-fast-charging-lithium-ion-batteries/

EVB, I am a shareholder in MTR who in the last year have had a share buy back, leveraged shareholding in SFR to finance further investments. They presently get dividends from SFR with a royalty income steam on horizon. They also have numerous investments. Worth a look. Atb

Next week with my BCN cash. Atb

Will be adding more next week with my BCN cash. Atb

Not far away. Atb

Price of Lithium up 25% in December.

Top City figures offer investing advice for the cautious and the brave https://www.thisismoney.co.uk/money/markets/article-10359227/Top-City-figures-offer-investing-advice-cautious-brave.html?ito=native_share_article-top