Ripley94
22 Aug 2019
Placing RNS .. Turner Pope Topped up today @ 0.4 p
Ripley94
19 Aug 2019
Placing RNS .. Turner Pope WRES… XXXXX Shows a low of 0.39p above today .
miltonboy
26 Apr 2019
Early exercise of warrants So, he has brought money into the company sooner than expected. Warrants were always expected to be exercised at this price in a few months. He has increased his and his mates shareholding now by exercising these early. He has gifted himself and his city mates today, without market knowledge not already in the public domain, the option/warrant to purchase more shares at 0.6 in a years time. Is that because we need cash, it is possible. Is that because he sees this as an opportunity to puchase more shares in a year by exercising at a price 50% more than today, without restriction of market knowledge, it is possible. Iwhy the need to incentivise and will he do the same in 10 months time to exercise early by 2 months, it is possible, but at what price? The city saw this coming, hence the price drift. That is ther annoying part, he owns 20%, he wants more and maybe the company does not need more and he has locked in another dilution in a years time, we all thought probably we could avoid. That is WRES, he does this, all the way from when i joined at 0.67. Will he feel the need to stop, when he has the 3m a month revenues he keeps suggesting, 36m a year! It would be good to question him on that.
jaytee41
18 Apr 2019
Early exercise of warrants Well that’s the shortest time I’ve every had a share. Took some loss but glad I’m out if its run by a tosser.
dkok
18 Apr 2019
Early exercise of warrants JT41 No Bl@@dy wonder. Masterman has f’d over the long standing shareholders again. Why for god’s sake offer 2 new warrants for each early redemption, which is only being redeemed two months early!! What a total Merchant Banker!!! Been in WRES for several years and have suffered the repeated dilutions, but held on because I felt there was a good potential future, and we were now just on the eve of that, with the SP getting to the mid .5’s, and the stupid greedy T**t goes and shafts us again. INCAN FFing DESCENT WITH RAGE!!
jaytee41
18 Apr 2019
Early exercise of warrants They’re all kicking off over at LSE
jaytee41
18 Apr 2019
Early exercise of warrants Thu, 18th Apr 2019 09:31 RNS Number : 6199W W Resources PLC 18 April 2019 18 April 2019 W Resources Plc (“W†or the “Companyâ€) Early Exercise of Warrants to Raise up to £1,035,000 W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, has through its broker Turner Pope Investments (TPI) Ltd (“TPIâ€) offered its Existing Warrant holders early exercise of 210,714,286 warrants to acquire new ordinary shares of 0.1p each in the Company (“Ordinary Sharesâ€) with a strike price of 0.42p and an expiry date of 20 June 2019 (“Existing Warrantsâ€). The Existing Warrants represent the unexercised warrants which were awarded to investors who subscribed for Ordinary Shares at a price of 0.28p per share as announced on 14 June 2017. In return for electing to exercise these Existing Warrants early, the Company is offering participating shareholders two new warrants (“New Warrantsâ€) for every Existing Warrant. Each New Warrant will entitle the holder to subscribe for a new Ordinary Share at an exercise price of 0.60p at any time at the holder’s option until 31 December 2020. Two of the Company’s Directors, Michael Masterman and Byron Pirola, who between them and their related interests own 35,714,284 warrants that were acquired on the same terms as the Existing Warrants, as announced on 16 June 2017 intend, subject to the agreement of the Company’s independent directors, to exercise their warrants on the same terms, including the offer of New Warrants, once the Company has published its results for the year ended 31 December 2018 and is no longer in a close period. Holders of 201,571,429 Existing Warrants have already agreed with TPI that they will exercise their Existing Warrants early on the above terms, which would provide the Company with £846,600 of subscription funds. Exercise of the warrants held by Michael Masterman, Byron Pirola and their related interests would provide the Company with a further £150,000. Any remaining holders of Existing Warrants who wish to accept this offer and have not already done so are advised to contact TPI no later than 4.30pm on Friday 26 April 2019. Settlement and Dealings Application will be made for the 201,571,429 new Ordinary Shares being issued in connection with the early exercise of the Existing Warrants to be admitted to trading on AIM with admission expected to occur on or around 29 April 2019. Michael Masterman, Chairman of W Resources, commented: “This exercise will bring in funding of over £1 million and will provide additional working capital in advance of W entering production and the commissioning of its new plant at La Parrilla Mine. The funds raised will further underpin the development work on our other key projects, further driving shareholder value and we look forward to updating shareholders of progress in the coming weeks.†Total Voting Rights Following admission of the new Ordinary Shares, the Company’s enlarged issued share capital will comprise 5,994,952,156 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 5,994,952,156 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure Guidance and Transparency Rules. The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
jaytee41
16 Apr 2019
Jig and Mill plant completed for commissioning Tue, 16th Apr 2019 07
0 RNS Number : 3117W W Resources PLC 16 April 2019 16 April 2019 W Resources Plc (“W†or the “Companyâ€) Jig & Mill Plant Completed for Commissioning Large Scale Concentrator Construction Advancing W Resources Plc (AIM:WRES), the tungsten, copper and gold mining company with assets in Spain and Portugal, is pleased to confirm that commissioning of the Jig and Mill Plant has commenced at La Parrilla in Spain. The Jig and Mill Plant will upgrade the La Parrilla ore, efficiently reject barren material, and prepare material for feed to the Concentrator Plant. W will feed 100% of the output of the Jig and Mill Plant once fully commissioned to the existing Concentrator Plant with upgraded and milled mine feed allowing a significant upgrade in production rates. In parallel, the new large scale Concentrator Plant has advanced over the last three weeks with 90% of all structural steel and primary equipment now on-site and being installed (link to time lapse video - [link] The large Concentrator Plant is scheduled for construction completion this quarter. The mine is primed for scale-up with preparatory grade control drilling completed and the ramp from the Fast Track Mine (“FTMâ€) area to the Crusher Plant also completed. The first hard rock blasting of the 10m benches in the FTM area is also scheduled for this month. The mining contract will be executed this month and the mining fleet mobilisation is underway following the arrival of a Komatsu HD605 rigid truck. Michael Masterman, Chairman of W Resources, commented: "The commencement of commissioning the La Parrilla Jig and Mill Plant following construction completion is a very important milestone as we advance to full completion of the 2 million tonne per annum plant. We expect to be able to feed crushed ore to the Jig and Mill Plant in late April and then process it through our existing Concentrator Plant. This will allow a significant increase in near term tungsten and tin production capacity and also allows us to ensure smooth autonomous operation of the Jig and Mill Plant ahead of commissioning of the new large scale Concentrator Plant later this quarter. “The Concentrator Plant construction has accelerated rapidly following delivery of the bulk of the structural steel and is scheduled for mechanical completion this quarter. The contractor, allmineral Aufbereitungstechnik GmbH & Co. KG (“allmineralâ€) of Germany, is on a fixed price fixed schedule contract and whilst there has been a delay in the delivery of steel which has had a negative impact on the schedule of the Jig and Mill and Concentrator Plants, there is no adverse impact on budget as the cost of the plants are fixed. Overall the project continues to track below budget including contingency.†The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
miltonboy
12 Apr 2019
I'm in I have been here, in and out for a couple of years of frustratingly watching an equity raise when it starts to move up. I hope MM does not want to add another 100k gbp to his 20% shareholding, but it all seems to be happening now and 3m revenue a month by year end would be a huge step. Fingers crossed for the jig news and the new concentrator.
jaytee41
12 Apr 2019
I'm in Agreed and I couldn’t resist so now showing over 1million here. That’s as far as it will go for the time being as had to sell some Rene - at a profit of course
dkok
12 Apr 2019
I'm in Hi JT41 Yep. The reason I only have 1M here is because I increased my FRR holding as I thought that had the better chance of miving higher sooner, so the game plan was to make profit off FRR in late 2018/early 2019, then top slice and put the profit into WRES early/spring 2019. Was a great plan until the de-list!! Ho hum. If him upstairs looks favourably on us long suffereing FRRers, then maybe we may still get a chance! glta
jaytee41
12 Apr 2019
I'm in Hi Tot and Dkok - glad to see you in here. I’ve got nearly 700k of these and will probably add 300k to make 1 million soon. The thing about getting 1 million shares is that I’ve only had - or have that in one stock and that’s - wait for it - FRR.
the_old_trout
12 Apr 2019
I'm in Well done jaytee. Good to have an active thread here. I’ve been building my position slowly over the last fortnight. Now up to 1.63m but taking my foot off the pedal as the stock starts to hit technical resistance. Expecting some sideways movement or perhaps a minor retrace before the next leg up starts, but could be wrong if some news emerges next week. 4p in 2020 will see me make a nice profit dk, and very happy to wait for that. JLP consolidating nicely. Hope to see 4p+ there after the quarterlies are issued. ATB, Tot
dkok
12 Apr 2019
I'm in Hi Jaytee41 good to see you in, Have been here for around two years (in and out once to take advantage of previous rise and increased shareholding as a result). Haven’t got a massive holding here, circa 1M shares, but we should see a steady rise through 2019, with the bigger rise in 2020 as we get onto full production. If everything goes to plan then should at least double this year, and then 2020 should see us to the 4p range based on turnover of $30M. glta
jaytee41
12 Apr 2019
I'm in Thought I’d start a thread on here as WRES is being discussed on the JLP board and it deserves to have a home. Looking forward to a continued rise.
