WRES news due January 2016

Significant news is expected in January 2016 that will have an impact on the share price.

Shareholders generally like management to have a stake in the business and WRES Chairman Michael Masterman has over 25% of the shares and throughout 2015 bought additional shares with the most recent being:

  • July 2015 46.6m @0.30 = £140,000
  • November 2015 15m  @0.50 = £75,000

With the following good news expected in January it would be reasonable to assume the share price will not remain at the current level for much longer.

  • Parrilla metallurgical analysis.
  • JORC – reserves will increase from those previously announced.
  • Finance news ($16m to bring Parrilla on stream)

It wouldn’t be a surprise if we have an RNS regarding another major shareholder taking a significant holding in the business.

It remains to be seen if Northland Capital Partners target for the share price of 1.1p is increased after JORC code classification released.

 

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