Member Info for Siman

Just seen BBC headline " £ and Shares Surge " so thought I would log on and see what a grand job MM is doing with my 7 year investment. No surge here that is for sure . Still remain hopeful of this coming good in the future, even with MM at the helm.

Jaf

I think you will find we are yet to receive the money from the grant.

Did I read that MM was on-site with investors last week. Any idea who these might be existing or potential ? Apologies
if this has already been discussed and I missed it.

1 April 2019



W Resources Plc
("W" or the "Company")

High Grade Tungsten Intersections at Régua

W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to report high-grade intersections from recent Diamond Core ("DC") and Reverse Circulation ("RC") drilling at its Régua mine development in Northern Portugal.

The Company has completed over 2.73 km of drilling comprised of 916 metres of diamond core drilling plus 1,809 metres of RC drilling.

The results confirm thick higher grade zones closer to the planned mine portals chosen for initial mining operations including 29 metres at 0.75% WO3 from hole RGR015 and 6 metres at 0.43% WO3 from hole RGR020.

The next phase will be to complete the updated Resource estimates and mine optimisation planning to incorporate these new results which are expected to increase plant feed grades in the planned initial mining phase.

Key results from the DC drilling programme include:

Hole ID
Dip
Depth (m)
From (m)
To (m)
Drilled width (m)
WO3%
RGD034
-60
140
9.35
21.90
12.55
0.68

79.95
91.95
12.00
0.64
RGD035
-90
200
154.30
159.10
4.80
0.44
RGD036
-75
190
109.50
121.50
12.00
0.39

140.80
156.00
15.20
0.43
RGD040
-90
160
132.42
136.08
3.66
0.84


Key results from the RC drilling programme include:

Hole ID
Dip
Depth (m)
From (m)
To (m)
Drilled width (m)
WO3%
RGR015
-90
100.00
41.00
45.00
4.00
0.50

48.00
77.00
29.00
0.75
RGR016
-90
104.00
58.00
62.00
4.00
0.44
RGR020
-90
140.00
71.00
77.00
6.00
0.43

79.00
91.00
12.00
0.26
93.00
97.00
4.00
0.90
RGR021
-90
160.00
93.00
97.00
4.00
0.58
RGR023
-90
190.00
99.00
106.00
7.00
0.42

161.00
168.00
7.00
0.31


Michael Masterman, Chairman of W Resources, commented: "The exceptionally good drilling results at our Régua tungsten project in Portugal bode well for increases in mine feed grades and overall resource tonnages. The high grade zones are thicker and closer to the planned two mining portals, indicating the potential for higher ROM feed grades and lower unit costs. We will now complete updated resources estimates and optimise initial mine plans."


Enquiries:
W Resources Plc
Grant Thornton UK LLP
Michael Masterman
Colin Aaronson / Jen Clarke / Seamus Fricker
T: +44 (0) 20 7193 7463
T: +44 (0) 20 7383 5100
www.wresources.co.uk



Turner Pope Investments (TPI) Ltd
Gable Communications
Andy Thacker
Justine James
T: +44 (0) 203 621 4120
T: +44 (0) 20 7193 7463
www.turnerpope.com
M: +44 (0) 7525 324431

Thanks Forthewin

Good news yesterday. What are the boards thoughts on FFWD retaining the stake in Juvenescence . Just when the cannabis producer IPO'd they sold the shareholding, saying they were an investment company looking for new opportunities. Invested here for 18mths.

Like others I am also heavily invested here. I personally would rather have a strong company with a balance sheet to match before a dividend is paid. If production is as forecast our revenues over the coming 24 months will be robust. MM eluded to other opportunities in the region which will also need funding if the right deal comes along. The market will not ignore strong production and cash in the bank.

No. 2021 on wards at the earliest if your chasing dividends. This question was asked at the Dec Turner Pope presentation.

Definitely not worried Bob. The original question was when the grant will be paid out. This is totally dependent on when the work force reaches 25+ and those positions have been in place for a period of time. I am thinking 6 months but could be wrong. When this criteria is fulfilled then the grant will be paid. For all I know we could be at that number right now.

I recall from the presentation in Dec that for the grant to be paid WRES has to have created employment for 25 people + and this has to be shown to be sustainable. I recall current situation was 19 jobs created. Please correct me if I am wrong. Happy New Year to all btw

https://investingnews.com/daily/resource-investing/critical-metals-investing/tungsten-investing/tungsten-outlook/?mqsc=E4012865

Tungsten Outlook 2019

It was a pleasure meeting some of you Monday evening, a very knowledgeable crew indeed. Feel we are on the cusp of something special here and this was certainly the vibe in the room. The markets and the trolls will not be able to ignore production and revenue.

Kev . Missed out on the site visit but can make the 10th, please let me know where you intend meeting before hand. I rarely post but read the blog daily having been invested here for several years. Looking forward to meeting others from this board.

Having dealt with this department in the past when purchasing a trade mark owned by a competitor when they went bust, I found the process why straight forward. Any approach to purchase the shares would have to be responded to and if they were being sold down that would be immediately event in the correspondence with number of shares available to purchase.

https://www.facebook.com/bulent74

16.35. Rns in the morning ?

I have some friends who were heavily invested with UKOG taken quite bruising there. Had TERN on my watchlist at around 2.5. Had a stella rise the last few weeks. Not invested.

Are the MM's playing with you :-) Doesn't take much to move this does it.

Just us 2 here DV Nice tick up today. Could be heading back up over 2

Good Morning DV. A good future for this company I believe. With you on the day traders.