W Resources Plc (AIM:WRES), the tungsten, copper and gold mining, production, exploration and development company with assets in Spain and Portugal, announces that the Company has commenced drilling at its São Martinho Gold Deposit, which forms part of the CAA / Portalegre licence in South Eastern Portugal.
A targeted 1,500 metre diamond core drilling campaign commenced at the São Martinho project on 21 September 2016 in order to look to upgrade the JORC compliant mineral resource estimate of 3Mt at 1.04g/t gold, which equates to 111,987oz in contained gold, which was completed by Golder Associates in June 2016. Geological evaluation of the project indicates the potential to increase the size of the indicated resource and delineate additional high-grade zones which will can then be expanded by follow-up RC drilling.
The ninth episode of London South East’s (lse.co.uk) excellent new TV Show for Traders and Investors’ : Share Views’.
Host Zak Mir discusses early stage investment opportunities and how to profit from them.
Is it possible to be too cautious? I think I am learning the hard way this year that being too cautious is very possible and can be expensive. I have had a really tough year with Returns (or rather, lack of) and although a big chunk of this has been down to a sucession of Profit Warnings from big Positions, another aspect has been down to me taking a very cautious stance this year. It has hurt in 2 ways – the most obvious is the drag I have suffered from large Short Positions and the other impact comes from me failing to “Buy the Dips” when Markets were low (although at the Brexit Vote Lows back in June I did close half my Shorts which was in effect the same as Buying the Market in a big way).
Your chance to recap on client news, interviews and updates from St Brides Partners.
The eighth episode of London South East’s (lse.co.uk) excellent new TV Show for Traders and Investors’ : Share Views’.
Bloomberg regular James Bevan, CIO of CCLA Investment Management, discusses the Oil price outlook and companies in that sector with Zak Mir.
A good, old-fashioned face-to-face conversation is had (no slides or charts!), with James discussing the forecast and influencing factors on the Oil price in the near-term. He also identifies two Oil-related companies he favours and those that do not share the same potential (in his opinion).
W Resources Investor Presentation – September 2016
W Resources Plc (AIM:WRES), the tungsten, copper and gold, exploration and development company with assets in Spain and Portugal, is pleased to provide its latest investor presentation.
Commencement of tungsten concentrate production at La Parrilla in Spain
La Parrilla has unique combination of very low unit capital costs and low operating costs of US$81/mtu over the first 6 years of production
Low-cost, high-grade development of Régua planned
Gold and copper assets advancing
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Share Talk has an exclusive interview with Justin Tooth, Executive Chairman of Ferrum Crescent LTD #FCR
Justin explains what the acquisition means for the company in their recent RNS released Thursday the 23rd
He also talks about cause of the delay in the announcement and the work that will now be taking place in Spain.
An update on Moonlight is also provided along with an answer to what they anticipate will be happening in the next 6 months.
W Resources Plc (AIM:WRES), the tungsten, copper and gold, production, exploration and development company with assets in Spain and Portugal, is pleased to announce that tungsten concentrate production has successfully commenced at the La Parrilla mine in Spain ahead of schedule.
Production of tungsten and, subsequently, tin concentrate is expected to ramp-up over the next 6 months to reach a run rate of 400 tonnes per annum (‘tpa’) in early Q2 2017.
The new crusher with capacity of 1.95 ROM will be installed early in 2017, significantly reducing unit operating costs and increasing capacity.
Lambros G. Anagnostopoulos talks to Share Talk about the recently announced Interim Results. He also discusses the sales made in Ukraine and Romania while given his view on the Emerging European property markets.
- €2.66 million rental income compared with €2.73 million in H1 2015 – demonstrating the portfolio’s stable revenue generation capability
- €0.62 million EBITDA (H1 2015: €0.84 million) showing, despite a reduction attributable to small price reductions to accelerate residential unit sales, the continuation for a third year of positive EBITDA
- Strong asset backing behind the Company:
- Net Asset Value of €41.3 million as at 30 June 2016 (31 December 2015: €42.5 million) while NAV per share stands at €0.46 as at 30 June 2016 compared with €0.47 at 31 December 2015
- Loan to value ratio of 52% as at 30 June 2016 (H1 2015: 53%)
- Enhanced management of portfolio costs:
- 20% reduction in administrative expenses to €1.18 million compared with €1.47 million in H1 2015, and
- 11% reduction in finance costs to €1.23 million (H1 2015: €1.39 million)