Member Info for oldskool

Safety. Who on earth thinks that Greta is not being mentally damaged by this? Poor child. Climate change is happening, but it has always happened. I am swinging from being a sceptical believer to a sceptical non-believer. Conservation and eco-facism are worlds apart and Greta has become the symbol of eco-facism. Her parents will have much to answer for in the not too distant future.

Tonlin. I will pop in as often as I see fit. I am keeping an eye in to trade this if an opportunity arises. Long term, no chance right now. Rather than come up with bland and banal comments, like GIT, why not counter the alleged trolls. A good investor has a strategy, and that must include a plan including an exit. Or you can just burn your capital, or try a casino. For info, I (and my team) probably do more for society in a day than many do in a lifetime. I do not get offended but your comment is way out of line - txxt. You show your own weaknesses, not mine.

Buying them up...ha ha ha. Could you identify those buys please because I ain't seeing them. The clue is in the falling sp, which coincidentally occurs when trolls (ha ha) dont appear. Isn't that a little odd given the MM pipe smokers on here blame the trolls for everything? GIT I cant filter you, your ill informed comments are pure comedy gold.

GIT...a shake? Ha ha ha. Brilliant.
Moggie can you please point me in the direction of the information that WRES is being compensated for the delays? You assume far too much. Or are you ramping? Troll ramper. How did the Q3 list work out? Q4?

Dreamy. To me, it is simple. WRES is running out of money and the debt is growing very quickly. How many cash calls? When is that debt bundle due payment, and how will it be paid for it? Well MM has already acknowledged this, and lined up potential payment...that 2+million dilution. It isn't a done deal. Would some go in with 2 mill if the SP falls further? Is the buyer a philanthropist? I doubt it. So what is being said and sold (ideas and deals) behind closed doors to attract the investment? Again it is what is not said.
Even the lovers like Langtro and Troajan are using language that could imply boom or bust. Hey Langtro....have we hit the bottom...dont want to sell on lows hey.
K3 are you really inviting people to identify MMs little fibs? I would start off with the FID. No, wa that just overly optimistic? Shall we mention the gold? How late is the commissioning? No more placings? Even yourself K3....now who was the Chinese holder you said was not selling?

Cookie. One other thing. Look at the BB and contributers. Fewer and louder. Not healthy and would certainly deter new investors.
Oh Troajan...rather than me digging a hole would you not be better asking MM to do likewise? Although I think he is, just not a literal one. Troll, troll, troll.

Troajan. Stop now. You are becoming a parody. It is hurting my diaphragm.

Cookie. I am not invested here. I was for many years, up and down. I took my last lot out at a loss, I will not suffer more than 10% unless I can see value. I did say that I had revisited my WRES investment (trying to remove the story). I concluded that the numbers and story were riddled with holes. So I got out. Too risky. Even more risk now. I keep an eye in as this could make money any rises. If an investor cannot see past the increasing risk, or at least try to remove confirmation bias, then that is their choice. Me, I'd prefer to sell and buy back lower. Or just be happy that my capital survives another day. My ego doesnt need a rub. This is all about taking money from one person and keeping it for yourself, or losing it to another. That is the market. This is a keeping the lights on project for now...oh and not forgetting MMs crayfish salad on a Quantas flight. Or be more like GIT and look out for magpies, avoid walking under ladders and pick up a shamrock.

Cookie. No, not at all. Troajan stated 20t, not me. I try to deal with facts these days (WRES was my one story, and contrary to what some may think I would like to see it succeed). Facts are, WRES is losing money. Fast. Why, well that is multifaceted and there are some facts (steel work being one). With many shares (see MTRO) there are hidden messages, read between the lines. For example everyone knows MTRO was being shorted. It still is. The press helped to short it. Then a rise on Friday and lots of speculation in the same press at the weekend. Buy outs etc. Probably to allow the shorts to close. We shall see. I wouldn't touch MTRO now but it could rocket, especially if shorts close and there is a squeeze. Could happen this afternoon, I certainly wouldn't rule it out. Equally it could lose big. Some see it as a value stock, maybe even a momentum play now. Proper high risk pending any further RNS's. WRES is looking for investors because the source of money has dried up (see MTRO and their debt issue). My view only - DYOR. It is always not what is said,but what isnt and how it is delivered. For example why did Blackrock agree to roll the debt up but not issue more debt? Many on here were saying that 35 mill is small change to Blackrock. I would say they have their own risk assessment to complete. The local bank, why not borrow more from them at the superb rate? Given the info provided today, why did MM not take more at that rate? He would have known the numbers were very tight. So he is tapping up other routes and has already lined up all holders for more dilution. How is our ii doing? Not taken up anymore, well that we know of at least. Unlikely though as our ii is selling out of AIM at a pace. That is another worry that should be in your notes. I think the next dilution will be very soon. He had stated another 2 mill+ before these results were out. The rolled up debt, remind me, when is payment due on that and how will it be paid? Is this why MM wants the 2 mill, to meet debt payment? As always DYOR. I am a troll. Certainly all the wishing in the world, good lucks, and another day closer have not made one WRES holder any wealthier today.

Troajan. I don't know if it is a literacy thing or not but can you please identify what I accused you of exactly? Please cut and paste it verbatim. I am certain YOU stated 20t a month last night even using the word 'usual'. I asked you for proof. You identify a video from MM. He lies. You had no proof and today shows that. I am still waiting for the equally eloquent Langtro to answer my other question. Much like you, he is unable to. Langtro...glad I didn't sell on the bottom and thank goodness for Gengs chart.

This is another sad day for WRES. Very sad. But...another day closer, good luck, best wishes, fingers crossed (words commonly found in all good investment books and journals).

Trolls...ha ha ha.

Troajan and Langtro. I am sure you were shooting me down for Troajan's comment about the usual 20t's a month. You see, us trolls tend to stick to the facts. Sorry Troajan, are you going to tell me I read it all wrong? Or was I correct? Thank you to those that provided the video to try and bolster Troajan's claim...I had seen it and I also know not to trust a word that comes out of MM's mouth. Silly anyone?

Troajan. Absolutely. Total balance from you. Neutral like the Swiss. Could I just ask one thing...can you point to the RNS and/or data that supports this comment.
'...then you already know,20t per month,was the usual monthly fig,untill commisioning started...'. Could you specifically identify the dates and amounts? From when to when? I am pretty sure no such record of the usual monthly figure exists. I genuinely would like to see this. You also say 'was'. Interesting. When was the was? For how long was the was? Some could say that your comment is a ramp, clearly implying 20tonnes a month. Which bit of the commissioning process do you refer? All a little vague Troajan...have you been taking lessons from Michael? Sorry for questioning the information you have provided, but I am a troll after all. Thankfully you are too balanced for such a thing. The information due tomorrow may support your claim, but right now....no. Up to a million in the bank, that would be nice. That would mean some serious sales wouldn't it. Nice! Ohhh, hang on, hasn't he just impled the need for a further placing?

Safety...that made me laugh. No, it isn't personal. Like I say, if I am wrong then so be it and all the better for those invested. Could the results be delayed...yes of course. This is Michael Masterman ha. Let's see what Monday brings for us all, and our holdings. I dont see WRES taking my money yet, but let's see.

Safety. I cant see the numbers being good at all. For the many that hold, I would be happily destroyed for being wrong. How can the figures be good news? The cash burn has been massive. Debt has been bundled, same terms as the loan? What did BlackRock want for the bundling? I dont know, I do know they ain't a charity so there will be a costing for WRES. Loans are costing a minimum of 550k a month. Wages for all staff and MMs 20k. If you took every employee at minimum wage then how much is that? Let's be about right, MM has recruited some good'uns and they wont be on minimum wage. 700k? 800k? We know the burn rate is high as there have been several cash calls to keep to lights on. Tungsten prices have just started to rise, they are unlikely to impact on the figures presented on Monday. Assuming stuff is being produced at a rate worth disclosing. The market appears to see this hence no noise and shocking volume. WRES is leaky. What has happened to the concentrator? Dearth of news. If the market has built in poor results then this will stay reasonably static. If not, well, that path is well trodden.
Langtro....I am still waiting.
TT. Metro is fun.

Thankfully no RNS.
Langtro. If you can identify the question that Troajan has asked me then I will happily answer it. I have looked a couple of times at the time noted post. Still I see no question, but then it is early and I am busy reading. Maybe I need to ask one of my team who is on tea making duties this morning. Ahhh, caffeine.

Reddington. Sorry. Your 'proper weirdos commment' shall not be mentioned again by me. You will see that I have wished investors well, I even mentioned beating the spivs. I would buy back in if the story came good. It isnt yet and I am not convinced that it will anytime soon. Tungsten price surge may change that if it coincides with kit doing its job. What i cannot abide is the same people shouting 'troll!' at any contrary view. That is not trolling. I am not a troll. Yet time and time again, the 'trolls' have called it. I will say that Moggies list does more damage than anything as it is a list of failures for all to see inc any new investors. The recent raise and imminent raise are further cash calls to keep the lights on. Where is his PR pump machine. Why so quiet? As always, it is not what is said and written but what isn't.
Langtro. Dont sell on the bottom hey, glad I didnt. Protect capital, 10% and out. Langtro, do you think he will call the 2 mill or not? Do you think the recent raises have been to keep the lights on or not? Will MM and BOD buy at .5 or not? Why encourage the BOD to buy in the next raise? Why state their intention is to buy (intent only). Why not buy now on the open market? Confidence issue? Equally you could just shout 'troll!' What do I know? I merely live under a bridge...trip trap, trip trap.

The fall today, and yesterday, and the day before...all due to trolling. What you say Langtro? Or could it be Moggie highlighting all the broken promises and failed deadlines. Hmmmm. I wonder.

TT....some people dont get the Friday thing. They just dont get it.
Perhaps a Friday RNS will be the €2 million (minimum) placing that he has already soft sold. Friday would be a good day to bury that one. Then onwards and upwards. Blimey, someone says low .3's. If so, then I am back in. I see the usual trot out the troll line for anything that is not related to smoking MMs pipe.
Jaf....its curry night tonight. Devil has just popped in to the office to say he is in. He will text you later to sort out exact timing. I fancy deep fried crab. Dont forget your darts.

Troajan...did you not get to play out at break time today? Seriously?
I am keeping powder dry until that 2 million euro placing hits.
Jaf, same time at 7? I fancy starters this time, although Devil will smash it on a lobster...he is a bugger like that.

OK. This is where confirmation bias kills this BB. The sad thing is people believe trolls put off buyers. Bollo£. Buyers are equally put off by the rampathon on here and sunshine views. Too good to be true is how some may see it. All the smoke blowing is a red flag, especially when one digs and sees the constant dilution for a fully funded and under budget mine that is very late. One week until Q4.
So Mogwhy posts a link. Moggie, why did you only mention the price and not the following
...'Tungsten ore market has prices but no sales. However, as the terminal market does not recover, downstream users have limited consumption for goods, so market trading still remains at a relatively low level.' In other words, there isn't a lot of demand. We can all select the bits we want to read...confirmation bias.
End of Q3 is almost upon us Moggie, how is your list? I dont recall seeing fund raising on it.
So those holding wish for prices to rise, they may well do. They may not. I have no more milk teeth to fall out, so cannot cannot make a wish. Actually, I only have big troll teeth. Fang like things.
K3 you mention the shares in issue as of today, and use these to work out your figures. Fair enough. I will ask, does that figure include the 5% dilution to come from Blackrock? Does it include the outstanding warrants? Does that include the money MM will be looking to tap into? He has already done the soft sell, so I believe he will take the money to keep this puppy going until production and/or prices increase. Or it may be used to just blur the lines a little.
If, and it is an IF, WRES moves north and consistently, then I will consider buying back in. I now have spare funds to do so. However, it aint there yet. The lights are barely being kept on and that is a known known.
Protect your capital.
Anyway, must fly, Jaf, Devil, RR, Devil and I are off to see a show...'The Illusionist'.
Trolls, goats and bridges.