miltonboy
27 Sep 2017
Hedging Production to lock in mkt price With $94 cost and current market of $310/325.I see MM talks about securing off -take agreements for 80% of production, but I guess those will be at a price that allowed some flexibility in price over the off-take term.With Tungsten up 70%, I wonder whether MM should also be considering options to potentially lock in the current prices and profit margins.I realise we are talking to finance companies and expect to complete that with a quarter, but that financing of now 30m will be at todays prices and it concerns me that we lock in the finance costs before locking in 80% of the production revenues with off take agreements.It is great to hear him take out the 3m potential equity overhang and I am bullish and prepared to take the risk of being in now for the ride once finance and off takes are announced and dates are in place for production.I do not see this as a negative at this point, too man good things potentially about to hit us to consider this a sell.
jonmor
27 Sep 2017
Re: No new shares to be issued to raise cash Well that's a surprise then ?
KALAN
25 Sep 2017
Re: Poised for run up to 0.5p fair enough penholme - a profits not a profit until it's banked - more ways than one to skin a cat.
penhome
25 Sep 2017
Re: Poised for run up to 0.5p Hi KalanYou're right - the faster 50/200 exponential averages produced a golden cross on the 21st. I put these on this chart.Today's bounce off the 20sma is positive, but I think I'm going to see what it does this week before buying back in. Ideally, I'd like to see it break above 4.7I wouldn't read too much into my analysis - I'm a bit twitchy about protecting profits having held onto ATYM for its drop from near 200 back down to my entry point at 150.[link]
KALAN
25 Sep 2017
Re: Poised for run up to 0.5p Penholme - have you changed your mind - looks like 20 day moving average is providing the hoped for support and a probable resumption upwards.Also (I know it is often backwards looking) a golden cross is now a certainty of the 50 day and 200 day moving averages.
davidhallam48
25 May 2017
Please could you tell me where the news button is,many thanks
supeman1
22 Aug 2016
Profit taking over - finance in place ready for blast off!!!!!!
supeman1
27 Jul 2016
with all the talk about electric this and that someone will sniff this out. The raw materials needed to build millions of batteries. its all in this mine.
supeman1
11 Jul 2016
very close watcher of this - i predict a large jump in sp soon.
Simbrad
09 Jun 2016
Northland Capital published a note out this morning on Research Tree: "W Resources has completed its maiden mineral resource estimate at the São Martinho Gold Project, located within the CAA-Portalegre licence in Northern Portugal. The JORC compliant mineral resource estimate was completed by Golder Associates and totalled 3mt at a grade of 1.04g/t Au (I & I) with 111,987oz in contained gold. This was based on a limited confirmatory drill programme and the Company is confident that there is significant exploration potential around the initial resource estimate."
Simbrad
27 May 2016
Northland Capital's note from this morning is up on Research Tree: "W Resources made large strides towards the development of the hard rock La Parrilla Tungsten project in 2015 and despite the large amount of work involved the LBT remained relatively low. 2016 will see the completion of the V2 feasibility study for the project and maiden hard rock production for the Company...."
crab4t
09 Feb 2016
Re Good news: Hold back the next news.................unless of course it"s bad news
munton1979
22 Jan 2016
Any thoughts on the insider sell off , does he know something we don't
munton1979
21 Jan 2016
bit slow on here
