W Resources

731 days ago

W Resources – Nomad and broker resign or are resigned: surely game over now?

Long term Michael Masterman AIM dog W Resources (WRES) has announced that its Nomad Grant Thornton and its joint brokers Alternative Resource Capital and Shard Capital have all resigned with immediate effect. The question is: did they resign or were they resigned?

797 days ago

Tom Winnifrith Bearcast: the greed of Piggy Austin is just not acceptable

I start with a few thoughts on a visit this morning to the post industrial wastelands of Salford. Gosh it was grim.  Then a schoolboy error on Skinbiotherapeutics (SBTX) but it only makes the case  for filling your boots stronger. No, I have not got a scooby about why Bluebird (BMV) shares are up but I speculated and put together a few pieces of the jigsaw.  I look at W Resources (WRES) but would not touch it with a bargepole and then discuss the wholly unacceptable greed of Andrew “piggy” Austin at Kistos (KIST)

2605 days ago

Tom Winnifrith Bearcast: An ethical fight as I Prepare for a day of nappy changing

On the agenda today, I start with a twitter spat with Hugo Rifkind a man who is where he is today thanks to who is Daddy is not his innate lack of talent and who is tweeting nonsense about a matter he has no experience of. After that thrill there is news on UK Investor Show, nappy changing, the ethical dimension in investing in pharma companies, Advanced Oncotherapy (AVO), W Resources (WRES),Domino's Pizza (DOM) and a discussion about residential property and non resident speculators.

2969 days ago

W Resources - the 8 day pump and dump: just what happened here?

On the evening of 2nd March W Resources (WRES) presented to a group of investors in London with the shares having closed that evening at 0.6p. In the eight days that followed the company issued not one but two ramptastic pieces of good news yet the shares slipped back steadily. They closed last night at just 0.47p.

2978 days ago

Free booze with Union Jack Oil & W Resources tonight at the London Capital Club

I have always thought that the London Capital Club in the City was jam packed with prize arseholes so that is another reason why I am turning down free booze tonight .FFS it is the new series of Grantchester on the box and the Mrs and I would not miss that for the world, But if you fancy free booze with a 5 PM kick off...

2986 days ago

Free booze, Union Jack Oil & W Resources - 2nd March

I am NOT going to London on 2nd March. My resolution to stay away from the ghastly Capital is intact but if you are there next week and fancy free booze from 5 PM on the Wednesday...

3096 days ago

Tom Winnifrith Bearcast 5 November - sticking it to the bastards at Canaccord

On Guy Fawkes night I reflect on the horrors of this day. Then news from ECR Minerals (ECR) and W Resources (WRES) prompts me to look at the mining sector in general. Then it is onto Amec Foster Wheeler (AMFW) and my thoughts on oil, oil shares, the oil price and oil services companies. Then to the dismal numbers from Canaccord Genuity (CF.) - what it says about the whole sector but also its company specific issues. Finally I take a swipe at Range Resurces (RRL)

3686 days ago

W Resources – why I disagree with Robert Tyerman & a twitter cretin and would sell

The ethos of Shareprophets is that we allow our writers to arrive at whatever conclusion they want. I do not endorse any view (other than my own) but I welcome debate and diverse opinion. It is what makes a market. That is a point lost on some total cretin giving me abuse on twitter today regarding W Resources (WRES).

I thought the article by Robert Tyerman on W Resources that we published earlier was interesting and merited a wider audience & thus tweeted a link. Robert, as you would expect from such a Fleet Street legend,

3708 days ago

W Resources – Sell – when’s the heavily discounted placing?

Shares in AIM listed miner W Resources (WRES) have perked up by 0.05p today to 0.97p valuing this fine enterprise at c£20 million. But fear not, this is the AIM Cesspit, so here  are four reasons why you should sell as there is a placing ahead. 

1. Edison pushing out a bullish note (remember that it is paid to publish) is always a good sign that a placing is imminent.
2. This company is a perennial placer – in 2013 there were five placings. Leopards….
3. There has been a flurry of RNS statements of late. That again is a sure fire sign that a company is planning a placing and trying to get a bit of excitement (the pump) ahead of the dump.
4. Cash. This is the critical issue.