Member Info for Strider4

Deary me, is that the best you've got?! Making stuff up that can't be verified.

Go on, remind me of the specifics of my concern, if you would be so kind.

I brought up no such concern. Chaser, state what you mean by a land grab, and then we can address the specifics.

Yes you are right Chaser, they did indeed overpay - they paid a 30% premium to the then share price, to get their hands on 5% of the share capital.

And NM (the CEO) was calling the shots: put in place a 2 year standstill to prevent a hostile takeover before true value has been proved up here.

Be a bit more specific about what you mean when you say land grab. Then I'm sure I, or another helpful member of the BB, will be able to address your concerns.

For those who are new to the share, and a nice reminder of all the good things going for the rest:

1) Alpala - Tier 1 copper-gold porphyry.
2) Exploration upside - 11 other primary targets with 5 priority. All show surface potential to be significant resources.
3) Cashed up ($104 million in the bank)
4) CEO has plenty of skin in the game (90m shares).
5) 2 Majors on the share register (Newcrest and BHP).
6) BHP unveiled new investment strategy - projects that could turn into the next tier 1s...well we have that confirmed already here. BHP's recent (Sept 18) "aggressive" purchase of Guyana's 6% stake, followed up by an "efficient" purchase of a further 5% at a 30% premium to the then market price (Oct 18).
7) Strong upcoming newsflow (PEA, drill permits, assays for Alpala, regional news (due pre-YE), resource updates, potential conditional funding packages, PFS at end 2019).
And the biggie - Takeover Offer (this is a very real possibility given the tier 1 Cu resource and 2 Majors on board).
8) Ecuador making the right moves to become a mining friendly jurisdiction. It needs revenue to replace depleting oil supplies and it doesn't have to look far to see how rewarding good mining policies can be (Chile), if you've got the natural resources.

Langtro - I believe it was you too who brought up SOLG. 35p and 30p ring a bell?

Keep up the good work.

Troajan has been asking me questions about it!

True - the build will take 3 years. None of that phases me. It's unlikely that this will even get to BFS before getting taken out. Fast track BFS due end 2020, PFS end 2019. They've got the know-how and the cash to do it.

JLP - that's been a right fiasco. It is on my watchlist, but only as a possible £5k punt, heavily chart based for trading.

perhaps.

And WRES could break below 0.5p - that'd mean trouble indeed...bombs away.

HZM is not Tier 1! Lol, even the updated NPV is only $720 million.

Alpala alone is billed to be $4 billion, and that's just the start - it's still growing.

Troajan, this isn't even the final RE for Alpala - it's still growing. Let alone the other targets.

Yeah, and they've got $104 million in the bank. Keep trying Troajan - I know far, far more than you about SOLG. In fact, do raise your concerns on the SOLG board while you're at it. Keep it civil mind - no name calling or I'll report you.

Troajan, I know all about the life cycle of a minor - PEA due in Jan. However, SOLG have about 5 other priority targets for drilling in a country that looks like being the next Chile. So, there is plenty there to keep the excitement going. BHP have also been making aggressive moves very recently...genuine takeover target. And for blessed Hbob's benefit (shouldn't have to say it but...)....DYOR, at your own risk ya di ya di ya.

SOLG is massive - they already have one Tier 1 Cu resource and quite possibly another 2 or 3 coming in the future. WRES is small fry - they've got a resource with a NPV of something like $50m. They are going to have to get a move on and prove up the mine life - hopefully it's all nice and straight-forward...hopefully there are no hiccups along the way with the on-time, on-budget. Hopefully, he doesn't c ck it up like he did in 2016 with the pilot plant.

And why oh why did MM not pack in another £100k, or even more, if it's the 5 bagger by March that K3 thinks it is? Haven't heard a convincing answer yet.

Hbob, I did not have a team! Like it was some sort of concerted effort. I did it on my own and did it on 7 or 8 boards - just one comment and that was it. People were free to take or leave it, or report me as they did!

Yes, funny that - I didn't come on the WRES board to announce that I had sold HUM!!! Why on God's green earth would I? Anyone who had actually bought HUM, I would imagine would then have an interest and follow the HUM board, not surprisingly.

I did not try to con you Hbob or anyone else.

No offense intended hey - right. Offense taken, that's just "how I've taken it". And don't worry I will be frequenting this board much more often now, after today, so perhaps all the insults haven't had the effect you had hoped for.

I am here to stay now, and I will be posting on the BEAR side

And if you're new, check out some of the latest presentations or the webinar. You will be hooked I'm sure.

Safety, take a look at my "Investment case summary" earlier on. It does highlight most of the more attractive points here.

Yes, this is an explo company but it is a different scale to WRES. This is Tier 1, something the Majors are interested in, two of which (BHP and Newcrest) have about 10% each. Plus the upside is something to marvel at, it truly is. When I say this is a takeover target, it is not just an over-used phrase.

Ref Addicknt, he's one of the best posters here. It was a funny response to your question, but not his usual.

And addressing something Hbob said before the thread was removed....

Yes, I recommended HUM a while back, but that was at a time when I was both invested and believed the share price was going to appreciate. I reported on the day that I sold that I had done so (then share price 36p). I got a lot of flack for it at the time. So, whoever had bought in on my advice alone, if you could believe, would have seen that I had left the building and had plenty of opportunity to do so themselves, at a small loss.

As for WRES, after today's debacle I will be coming on here as and when I feel like it. I will post contrarian views and point out weakness in the chart where I see it. I will be sticking purely to WRES. The name calling we can leave out I know that means that many on here will find their debating arsenal is severely depleted but that's the way whoever reported me wants to play it. If name calling ensues, I'm happy to give back as good as I get, lord knows it's easy enough. But, Admin likes to see people playing nice, so let's do so. Stick to WRES.

Safety, ok I do see what you are saying and there are some good numbers in there, many of which have been out for some time, so I'm aware of them.

However, this all sounds so like HUM! The AISC was meant to be around $700/oz at which point they'd be raking it in hand over fist. What was the latest AISC report? $1800/oz! OF course, I'm not saying WRES is going that way, but it pays to be cautious with numbers that look so good...And before anyone starts talking about dodgy African jurisdictions, they have had no particular trouble on that front - the cause for the drop has been almost entirely due to operational issues.

The proof remains firmly in the pudding.

Thanks Pad.

Safety, yes the $3 million revenue. But what about the profit? Again, as with the placing, it's a wait and see job; those profit figures have to appear in the interims, with all the numbers plain to see.

There are many pitfalls along the way - may or may not happen (crystal ball), but there is absolutely no certainty. I'll believe the $3m revenue when I see it RNS'd. My next question will then be, what's the profit? I will then believe that, or not, when it is RNS'd along with all of the other numbers needed for clarity such as trade debt, long term debt, working capital, operating profit/loss, pre-tax profit and a statement of the all important NET debt.