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Don't they have £millions in prior years accumulated tax losses which the can offset against any future profits? This is another 'asset' of their's.
Cash generation is more important than ebitda for this Company. I suspect they won't have to part with any cash for 12 to 18 months to pay taxes once they start generating money if it is anything like the UK system and also depreciation doesn't affect cash outflow as is has already been 'paid for', it is a 'non-cash' item. I suspect they are just about servicing loans now.
DYOR.
When will it get to $50,000? Perhaps by Xmas!
Both 70,000 sells this morning appear to be a Bed and ISA repurchase. 140,000 shares were not sold at all. Take care Wreslers'.
I assume the European APT price is also a margin higher than the China APT price as the export from China has shipping costs to Europe added on , so there must be a premium price added on for APT mined in Europe. Does anyone know what the premium is?
Current price is $297.7 per mtu. Perhaps shares will get a boost when we break $300 per mtu. Perhaps in a few days.
Legs crossed as well.
Fingers crossed.
2nd. RNS says there will be a video Q&A session shortly when they have all the data to answer shareholders' questions. The shares dropped today as the market was expecting an update which didn't materialize, the 2nd. RNS explains why!
Anyone know latest Tungsten price quoted on Metal Bulletin? Some one made earlier comment that prices were rising late last week.
Thanks.
This probably helped them massively.
I've just realised where the Company has got it's name from. 'W' is the symbol for the element 'Tungsten' in the Periodic Table, hence the name W Resources as it's a Tungsten miner. I never realised this. Am I 'thick'?
The 2 trades today of 330k shares look like a bed and ISA reinvest trade. No selling has actually gone on. The shareholder obviously believes large capital gains are possible and has sheltered it from the Taxman.
I wonder how many shares Jesus Martin has taken up. One of his main jobs will be to get the operational efficiency of the 'spirals' up from a rating of 3/5 to 5/5 as per the Q&A slides. Everything is falling into place now.
Market Makers' short of stock. Unable to get a 'buy' quote. RNS injected confidence into the Business from a 'blue chip' source.
I am astonished! I thought someone would have told me the price by now. Are things really that bad?
Does anyone know the current Tungsten 'APT' price that is published once weekly by Metal Bulletin ( click on 'Tungsten Overview' link at bottom LHS on WRES website, and does anyone know website for Metal-Pages that is mentioned as another source of pricing as all I can get is Heavy Metal music websites!)) Would be a good idea if current APT price were to be displayed on WRES website for shareholders to see, who don't want to subscribe to Metal Bulletin. Can anyone pull some strings?
Might help to look at P r o a c t i v e Inerview with WRES CFO Paul Hailes (5 min) of 8th. March (see link on WRES website). He talks about the mine improvements being successful and 'lots' of shipments due to go out, and 2021 being a year of creating 'shareholder value'. Also says the 100-1 share consolidation was an excercise to increase liquiditability and marketability of the shares to attract Institutional Investors. Doesn't sound like we are going bust!
WRES shares moved up from 0.095 pence to 0.235 pence, an increase of 0.14 pence during the recent surge. Typically 50% of the gain ( 0.07 pence) is usually retraced giving us a new base of 0.165 pence (being 0.235-0.07) before a new surge higher.
DYOR.