The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
You have to smile! Poor MM he cannot do right for wrong.
Some of you want RNS at any time, some dont want it to arrive on a friday or a monday. Some only want it to show good news with certain information in.
I bought into Wres many years ago and sold at a loss due to the time it was taking and all the missed deadlines. I have recently bought back in, mainly because i see this company in a completely different place. The mine is built, it is producing, the mcap is approx 16m and it has great potential.
Of course this quarter results are not going to be great, but hey not many well established companies are going to be either. Shares are a risk if the company can start to string a few good quarters together then this will be a completely different animal. Good luck all.
Correct and the resistance is 270 so we should see a new high low
Please see interview:
https://www.youtube.com/watch?v=faz_cgnDaVk&feature=youtu.be
Haha fingers, my views doesnt mean im a knuckle head.
Ive been here a long time, of which i am entitled to offer my opinion and because i dont post all the time doesnt mean my point of view is less or more valid than yours. They are my thoughts -deal with it instead of calling people.
The response from the market is muted, which to me suggests it is not overly good because of our depressed price. However i am sure we will get an interview soon enough, explaining the deal in more detail to curtail any concerns. I dont wear glasses but if i did, they wouldn't be rose coloured they would be normal with a considered mind behind them.
I understand whilst people might think that shares are now safe, however they are not.
Lets be honest CEZ have bought 51% for peanuts, future dilution? of course! do we really think that 400m is going to be paid out by the company as cash.
Reality is we will get as much dilution from the company to raise capital as we would of anyway. The same as if we had gone to the market. The only difference here is that we will get government support now which has cost us 51%.
As a LTH I have waited for many years for such positive news and had high expectations around this project.
As i read this announcement i am struggling to see the positive. According to KC the DFS was being worked on and if memory serves me, we should of expected it to be completed by Dec '19. Not the case.
We have entered into a takeover at nil value and gained funding upto DFS completion which was 'suppossedly' being worked on and near completion. So my question is what have we actually gained by selling 51%??? In my view nothing!
The story starts to read like brexit, kicking the can down the road on the basis of what!!
Maybe im being harsh but...
Looking at the guidance with the all in costs. Looks abit tight to me, I would of expected to see an improvement in costs.
Personally I think Gold is over sold. The dollar is only strong because of Trump escalating trade wars.
How quickly things can change.
If you read first quarter debt: has been reduced to $106.6m. However in the H1 report it states debt at $134m. Cash on hand has also taken a hit- which you would expect due to the drilling programme. Maybe an acquisition coming??
The debt has increased 30million?? It doesn't look right.
Of course they do!! Many years ago they developed a car that can run on water. That was shut down. Countries, industries, banks are all at threat from a transport revolution. Why do you think tesla are getting frustrated. It will come.
It reads well. A nice £75k buy too
You would think with those buys it would shift the SP more! Looking good
Arca don't have the clout or even shares to back up an aggressive takeover! What a non story don't get sucked into this rubbish. It's like me saying to my gym I'm going to take you over because I'm a member!