UK 16:31 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday afternoon, W Resources (WRES) announced its latest placement. As far as placements go, this looks a like a reasonable enough one and might present a possible buying opportunity in the stock.
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Comments
wildrides
The chairman bought 22.5 million shares in the placing and owns 35% of the rather large number of shares in issue . This lot cost him £180, 000 . That is what you call having skin in the game. Should do well from here I would have thought.
Dead On
Ben,
Absolutely agree with Wildres – Why no mention of the top guy’s £180k pension investment as part of the placing – glaring ommission, surely that is pretty fundamental news to report in any article about the placing?
Your previous article on WRES said there was a £1.25m Feasibility Study underway when there isn’t.
Ben Turney
@deadon and WIldrides – yes that was an omission, which I probably should have included, but it wouldn’t have changed my conclusion