KALAN
27 Feb 2018
Re: RNS 2nd tungsten project producing in 2018 - got to be positive - 2.5 million dollars cost quite low with 35 million loan already agreed.
Larry_the_Lock
27 Feb 2018
RNS [link]
dkok
26 Feb 2018
Re: Risk and state aid From memory Malbrad, WRES have applied for about 19m euros in local authority grant aid ( it Ian in one of the past RNS's so you should be able to find this.We may not get all of it but anything is better than nothing.GLTAdkok
MALBRAD
25 Feb 2018
Risk and state aid Let us hope that the management of WRES is as good at delivering the project on time and within budget as it is at raising finance. Interestingly the recent experience of Hummingbird shows that at least some AIM company management teams can deliver big projects on time and within budget.I was interested to see the comment about aid from the regional government. Clearly any help is better than none. Do we know what is on offer here. The EU has a lot of restrictions on state aids to industry. However, I recall that many years ago we got away with helping tin mines in Cornwall, on the basis that at the time nobody else in the EU produced tin on any significant scale. The location might also help in terms of EU regional policy.
KALAN
24 Feb 2018
Re: Risk Take your point Malbrad - plans and execution of plans are two different things. if we could be sure there would be no delays or cost overruns I think the sp would be triple where it is - that's our opportunity and our risk - assuming the project progresses as planned then there is no reason why the sp should not gradually rise , in the normal cyclical fashion, from now to production.1.8p has been bandied about and I think starting production without delays and overruns could see that come to fruition, thereafter further sp progress will depend on the actual finances and profits plus the progress on other projects.My hope here is that the board use profits to expand elsewhere and don't forge ahead in too many directions at once too quickly - have irons in the fire but get one production and income stream up and running and use the profits to see through other projects rather than borrowings or placings. Unfortunately AIM CEOs tend to be debt and placement junkies - I suppose it's to make sure their salaries and expenses are always well covered.
dkok
23 Feb 2018
Re: Risk MalbradI would suggest that given that the plant that has been ordered is under the control of one supplier, the BoD have reduced some of the risk, and would also expect that they will have penalty clauses on the supplier for delays in delivery and commissioning of the plant, so there may not be as much risk as you perceive.I would not be surprised if we are not actually producing or in the commissioning stages of the plant whilst still in 2018, as orders on first stages of kit were placed a few months ago, and so design and manufacturing will be well underway.All we need now is some news on the grant aid form the regional government towards the plant costs, and this share will take a tickle up onto the next stage.gltadkok
MALBRAD
23 Feb 2018
Risk I have just bought a second small shareholding here. The financing RNS is good in that we have got the money without any dilution - quite rare at the moment. I am similarly impressed by the signing up of customers. The danger here is that any delay in getting into production or any capital spend overrun will hit us hard given the high rate of interest that we are paying on the loan. In either circumstance the danger would be a heavily discounted placing to see us through to production. A promising if rather volatile investment that I feel a need to watch more carefully than usual as a non trader.
Ripley94
23 Feb 2018
Re: Placing RNS .. Turner Pope Back to where i sliced it went higher then fell below .Good RNS today .
KALAN
23 Feb 2018
Re: Like the way this is progressing It's good to see that the 13 million is now in the bank and short term loans have already been paid off. The bankers are committed and the refiners are also committed to take 80% on initial Tungsten production. Plant has been forward ordered with the same company so no need to join up the dots once manufacture is completed as it's all in house. Infrastructure already in place in terms of roads, electricity and water.Significantly de-risked project now Milton - eminently suitable as a long term investment.
miltonboy
23 Feb 2018
Like the way this is progressing Bounces around a bit too much for my liking, suits the traders, but i am here for the long term growth once they expand production to 4k.Making all the right moves now, but took a while longer than i would have liked.
KALAN
16 Feb 2018
Re: Funding agreed Trying to get FRR at .45p to .47p but this may not be possible - can see it at .6p (20 to 30% profit) just on anticipation - can't see it getting above .7p unless the results are very good - but if they are good then it could go crazy and hit 1.4p quite easily - as you say sell half on the run up and gamble with the other half may be a good tactic - not putting a lot in there to start with though.
Nice to Michu
16 Feb 2018
Re: Funding agreed Snap Kalan.I actually could have played this better if I'd focused on it more.. but it unfortunately it never really wass a prioroty stock for me .. so far, at least ...maybe it becomes one in the future though.. and it has been very good to me so far, in fairness.. it was either you or Geng I picked it up from... so thanks to you both.(re Frr : most times ahead of drill results in O&G 'explorer' companies such as it there is a spike in anticipation anyway.. given Frr history the big question then would be sell into the spike or hold for the actual results.. depends how big the spike, perhaps .. sell a portion and keep a portion is often a good idea in such stocks.. playing the percentages and all that)
KALAN
16 Feb 2018
Re: Funding agreed Ditto Michu - holding now - might get a spike after weekend digestion - but aim to build the position more in the latter part of the year - did top slice a few with a view of maybe putting a little of the profit so far in ...wait for it... FRR? Short term drill should make a nice trade there.
Nice to Michu
16 Feb 2018
Re: Funding agreed rally on news seems to have been weaker and petered out more quickly than I expected.... cliche comes to mind but i'll spare you all that .. If a big rally i'd have sold some towards buying it back in due course at maybe a lower level... oh well... my position here is not big and so I'll likely just keep holding and kinda forget about it for a year or more.. would add some more on any meaningful weakness in that time though, and that is of course a possibility, not least if implementation is not as smooth as planned..
KALAN
16 Feb 2018
Re: Funding agreed 5% warrants is liveable with - no more placements trumps that IMO - looking forward to the days of throwing off cash and paying off the debt.
