Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
I wouldn't comment but the troll thing is bullsh$t. I haven't bought back in. 500k expenses (min) per month has burned all the money. June to now is min 1.5 mill, more like 2 mill. Still no concentrator news. Would buy back if tungsten prices improved and the figures looked reasonable. Economic slow down is gaining traction. This first set are not going to blow the roof off. They may be a little ugly. The board is now a sorry state of affairs. Just a rampathon with any contrary view being 'a troll'. Many have come and gone. Some are over exposed (my view). Even the broker notes have down graded this to just over a penny on tungsten prices that are 40%+ where they are now. Funding Regua? Not from LP anytime soon, so where?
So Jaf, what time are we meeting devil, devil and real in the pub? Troll lines are funny. Me, too busy bouncing up and down on Metro. Lots of little profit opps there. RRE could be lively and MPAC could be a slow burner. Oh, ORM, twitter rampathon last week, not so much today but...just for info like. DYOR. Trolls are us. See you in a bit Jaf and RR.Devil has just pulled up in a cab.
Blimey, further dilution (more to come too), figures looking a bit poop (500k per month outgoings will have seen off most of that 1.8million in June). Still awaiting commissioning. Yet still people are happy here. Blimey. Investors have just been diluted further for a fully funded under budget mine that MM borrowed more than required in the first place. This board needs to go back to veg, allotments, fancy dress, holidays and glod. At least the BB was fun. Sad times. One point for md is with all this money lining up what is to stop MM taking this private? That is a rhetorical question as the answer is....he could. The SP has not reacted to the news has it? Outside money lining up. MMdiluting himself again. It is always not what is said but what isn't said with MM. Some people still dont get confirmation bias. GIT you still talk bland carp. How is your stopped clock looking?
Ohhhhhh.
Oldie is still loitering. Sorry to see this has fallen further.
GIT. You are an intellectual giant. Can you break down Part 2 of the Lisbon Treaty for me and let me know how it works without oppression. Have a lovely weekend all, oh Langtro...just glad I didnt sell my last lot at the bottom ;-)
My last load I sold at a loss. Just shy of 10% inc the spread. There were other opportunities and I had to go with my research, the history and where this is at now. I was not/am not comfortable with this as an investment. I have some dry powder as one of the buys I wanted elsewhere didnt materialise. Left it too late. Tungsten prices rise, all will be well. If they dont, the investment case doesnt add up for me especially when weighed against the risks and dimished rewards. Easy now folks. Long live the towers of glod.
Well, maybe once production numbers are out WRES's SP will improve. Equally they may disappoint. Anyway, haven't really popped in as I no longer hold. All gone. Global recession appears to be putting down roots, even Oz is on the cusp of a recession and that has avoided one for nearly 30 years. I may have made an error, but not really. Can always buy back in when you know the story. This needs tungsten prices to rise. I still see a cash call, especially with tungsten prices this low. One day closer though....and good luck.
Temporary down turn....we will see wont we.
Blue....they squeezed the spread.
So far....it seems like the RNS wasnt really for anyone. No news. Just 'stuff is getting done'.
K3. Are there shorts open on WRES? Brave people short small mcap stocks.
Ohhhh, pulled back. Need, not enough trolling on here to gold it back. Where are all the trolls when you need them? Eating goats I guess...or Aussie CEO's.
TT. I woke up, woke up a bit more yesterday too.
No TT. It is the moaners, groaners and trolls causing the fall. Have you not been keeping up? It cannot be more delays, more vague information (open to interpretation), falling tungsten prices and some cash calls for a fully funded and under budget mine (which was for two mines, but suddenly became only one mine). TT, come on. Stop it now. Watch MMs video end of June (Proactive) well worth a revisit. Roll on the rise to the warrants at .6.
Langtro. Do you bark at the moon?
K3. I am not offended. I cannot be offended. People who use that word use it to close debate, have no valued opinion to give or their claim is weak or invalid. It is used by those who lack the intellect to engage and challenge the person who has made the comment/caused the alleged offence. The wordz present use has roots that go back to Bolshevism....no thanks. I do not believe you to be one of those people by the way.
This all comes down to money in and money out now. Do I believe there is still the opportunity to make money here, yes. Far from what could have been, hence me selling a lump. This is still a high risk share (this will struggle if tungsten prices stay this low, cash call to keep the lights on), but as AIM goes it has significant risks missing or reduced. Every day that goes by presents an opportunity for the share to be pulled back by the MMs. If there is no update this week, then I suspect this will fall further. It has already visited the .3's of late and I for one never expected that. DB said it would...he was correct.
I hate autocorrect. The answer, write it up on a word doc and paste it over...if you can be ars$d.
I cant comment for others. This tired ground you keep walking regarding trolls etc could be flipped and I could say so why hasn't it risen given all the input from 'the choir' (i have used Safetys phrase...I like it). The MM pipe smoking far exceeds any criticism or questioning. The exception being Tungder, he is just obnoxious at times. However, he appears to have been more accurate (so far) than some of the biggest pipe smokers. Should this BB only allow comments from people (investors) who include words such as good luck all, should, would, will, could, another day closer, and so on? I would love to have the time, and inclination, to count up all the pipe smokers comments against those that take a more negative (hmmmm) stance at times. I think we both know which one strongly out weighs the other in terms of both volume and contributers.
I have been optimistic, more historical than now, but MM (the boss, the captain, the man where the buck stops) has continually and continuously created problems that didnt need to exist. Runaway mouth being the no.1 for me. I have to say he has taught me much along the way, especially about AIM. So tomorrow is another day closer hey...the odds are moving in favour of the stopped clock.
Langtro. You talk utter sh#t. I have no idea what group you refer too. You are totally deluded if you think one or two individuals influence a share that has billions of shares. I have significantly reduced my exposure here, but still hold more than many. Would I buy more, yes. I have said so before. Not until it moves north and not on a spike averaging down is a mugs game. Sell out and buy back if the fundamentals stack up. Certainly wouldn't buy anymore whilst the tungsten price is as low as this. 50/80 rule all day long for me. Missed the bottom, so what? So, if the bashers influenced the price down (that is so funny) then why has MMs buying not raised it up? Is that not the other sign if the coin? Where are all the buys then Langtro? Where is the bottom I am meant to be buying at? If the moaners and groaners walked it down why are other BOD members not buying in....surely they have not been out off by trolls. Oh, no, of course they have. You point is baseless and without any facts or evidence on which to base it. I would love to see the evidence. Everything you speak of is circumstantial. Do other peoples opinions worry you because there is a truth there that you cannot acknowledge? Conformation bias hey. This share is where it is because of delays, MMs words and falling tungsten prices added into the mix with WLFE. No bashers can influence that. The tailings debacle was the start of the slide south...was that bashers too? No it was apparently the low tungsten price, what is that price now Langtro? Are they close to parity? Yeah, new kit now etc, but the but still hangs over investors heads. I will stick or sell dependant on other shares that I want to be involved in. It you want to question leopards and spots I would start with MM. Here is to hoping that his change.
Reddington. If someone else sells they have their reasons. They are not mine. A large holder sold an amount. For there own reasons. Not relevant to me but the signal to the market when WRES is at this point is not good. It is also a reason I think MM took a little nibble...ship steadying. But what do me and my pals know ha ha. On the flip side langtro...the people I do know have no interest in this at all.
Langtro. Do those leopards include Marcus G? He has sold a number of shares, if not all. Why? Probably reviewed the decision/investment case, saw opportunities elsewhere. The two combined and well there you go. Maybe he just needed the money for a Safari (a good one for sure). This doesnt seem to have any near term SP drivers. I would like to be wrong. If he buys back is he a leopard spot changer too? Probably not, the difference being that he has not voiced his concerns or reasons on here and he is a better man (person) for it. I rarely, if ever, comment on other shares. I fell for the story here. Emotions hey? Powerful things. This company isn't where it should be, why? Investors not pilling in, why? Are investors allowed to change their views and voice them? Or not? High risk share this Langtro. MMs director buy did FA, why? In many a company that is some sizzle. Not here though. Too small? Token gesture? I dont know, but it has been said (not here). I was happy with his buy as a ship steadying exercise. It would be good to see other BOD purchases too. Do I still hold, yes. Tomorrow is another day...