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we have seen several udnervalued companies receiving bids, like ANGS and then AMC today.
will WRES be next? maybe some rich european players keen for our assets?
what price will LTH accept?
29p but doubt I’ll get it.
ivans
amc?we're not in a dodgy jurisdiction,less debt,theyre not a producer,they in a feezing climate
i'de settle for £120 million
cash
just remembered....we have 2 mines
No Troajan, two tungsten mines ( one with tin) and a gold mine looking for the licence.
Let’s be accurate. 1.5 mines and a plot of land that has reported gold in it. Not even sure it’d say 1.5 mines as neither are worth anything at the moment and are costing a fortune just to keep the lights on! W Resources ain’t worth a lot. Let’s get real, disastrously managed project, constantly missed deadlines, wrong kit ordered, delays, floods, plague, and of course Masterman, who no one trusts any more. What’s not to like! Lol
Way past all of the promises now and still haemorrhaging money. Where are the bloody numbers Masterman? 26th January now. Christ they are not even big numbers to add (or should I say make) up. What is going on? Why no communication? Treating us LTH like s***e again. Either man up and sort your mess out or butt out and let someone who can do the job get on with it. Angry? You bet I am.
I bet the land would good for a mushroom farmer.
gold?
actually
if you checkup on old rns's,for the gold drilling
there are 50g/t gold.....33 grams is an ounce.......thats high grade stuff
Especially Regua in those dark, empty, lifeless, damp tunnels. Great for shrooms.
the world average for a gold miners resource,is around 0.80% gt/oz
so 50 grammes per ton.....is friggin high grade
for an intersection
Troajan "0.80% gt/oz"
Is this a new measurement. what is a "gt" I'm not familiar with it
I can say that 50g per tonne is 0.005% doesnt seem "friggin high grade" to me.
Is this more misinformation ?
Anyways, if its like the Tungsten and Tin at La Parillia its likely to cost more to get it out of the ground than its worth - by a country mile
correction
56 gt/au not 50
https://www.lse.co.uk/news/w-resources-pleased-with-results-from-sao-martinho-drill-programme-hlzu4xftiiiakul.html?mobile_view=mobile
Don't tell us Astonboy, tell him.
Troajan. NOWHERE does it say "56 gt/au"
Are you referring to "one of the holes drilled on the project confirmed a "very thick" gold intersection of 56.4 metres at 2.34 grammes of gold per tonne of ore"
Is this what you are trying to convey in your inimitable style of words/understanding ?
If so 2.34g/t is 0.000234% doesn't seem "friggin high grade" to me. Its worth about $100 at todays price.
You do like to make up your own facts.
blimey
that's why amc's offer was sooo cheaP
https://www.proactiveinvestors.co.uk/companies/news/972196/amc-reportedly-fast-tracking-refinance-options-to-pay-off-hefty-debt-972196.html
5 bill?
ooops,mr positive on amc as just pointed out.....a different amc
Pretty sure either he or his or team read this board.
Thats it Troajan. I mean why answer questions when you can just continue to post more twaddle unrelated to WRES.
What a pitiful situation
Hi Aston Boy. I have had some conversations with some of the BOD and MM. My understanding is that they do not read the board. Primarily they are interested in running the company and not reading these boards- which is a good attitude imho. My understanding is that there used to be a lot of repetitive stuff from the same posters repeatedly and so it was perceived as not that useful. They would certainly be aware of the views of those that are large investors and those that take up placings as that indicates a view too. WE should also bear in mind, given the BOD's investment they would be very aware of the SP etc, and how that makes people feel as it includes them.