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| Etf Name | Etf Symbol | Market | Stock Type |
|---|---|---|---|
| Wti Oil Etc | WTI | London | Exchange Traded Fund |
| Price Change | Price Change % | Etf Price | Last Trade
|
|
|---|---|---|---|---|
| 0.025 | 0.15% | 16.835 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 16.835 | 16.81 |
| Top Posts |
|---|
Posted at 10/9/2018 21:22 by dixi So do WTI simply disappear from the face of the earth without so much as single comment? |
Posted at 08/5/2018 11:16 by augustusgloop LOLWhat you mean is that WTI lied to Orion many times in the past - managing to screw $120+ million in loans from them - based on profit forecasts that were complete Jackanory. Orion want their money back. They have tried restructuring - it didn't help. WTI have been a Zombie company in default for a while now. The only purpose of WTI has been to service the Orion debts. [Inadequately.] Orion will act in their own best interests -- that is very unlikely to match the best interests of shareholders. |
Posted at 26/4/2018 08:54 by snickerdog Mr Piggy yes I still hold loads of ARS. Best Mining story on AIM (as far as developers go) in my opinion. Sheer quality and potential to build a billion dollar business. Very robust economics WTI was a super high risk play I did well and hoped for more. I do very much believe that the copper price will move significantly but whether this is enough for WTI I don't know :(I have 3m WTI shares... |
Posted at 25/4/2018 18:30 by stav5001 When WTI can make existing assets pay, THEN they qualify to look at other assets.I remember when this was 14P, does anyone at WTI! Do they care? |
Posted at 04/4/2018 13:15 by augustusgloop At the moment, it is better for Orion to not buy the cheap copper from WTI - letting WTI make the extra money (reducing the loss) because that means less tax than if Orion made the profit. [Orion get the money in loan repayments anyway.]If WTI get to the stage of making a profit - then it will make more sense for Orion to take its cheap copper entitlement and so reduce WTI's profit. Let's say that copper moves up to $12,000 - WTI are then profitable. If I was Orion, I wouldn't take the risk of the price dropping again and would call in the $100m loans - WTI could now sell the assets at the inflated price. Orion would get their money back - but there wouldn't be much left for shareholders. Orion are in full control -- and will act in their own best interest. |
Posted at 28/3/2018 22:07 by augustusgloop gozo 28 Mar '18 - 12:01 - 15587 of 15592....so little confidence that Orion sanctioned the purchase of Kitumba and Berg Aukus?? Any thoughts on that Augustus. ----------- Yes. Orion are the real purchasers of these assets - the reason that they chose to do it through WTI is to save tax. WTI could not have bought Kitumba without Orion's money. Orion could have bought it easily. If Kitumba is sold for a $5m profit in two years - that would have left a tax liability for Orion. But not for WTI - who have loads of losses to write off. All of the profit will go to Orion - as payment of loans. ----------- It is abundantly clear (to anyone with half a brain) that if Orion were to try to sell their WTI loans - they would be lucky to get 50p in the £1. Orion's best way of recouping as much of their loans as possible -- is to do what they are doing now. = Run WTI as a zombie company. Keep receiving the interest payments. If the Copper price rises - call in the loans and sell the assets for the newly increased price. They would still expect to make losses, but could recover 75%. |
Posted at 05/3/2018 11:14 by wassapper Mr 11% no it is not. It was badly managed in the past, but that time is now over. So politely go-away with all this nonsense.WTI value is now driven by the POC and quality of operations. Both have improved to the point where WTI should now start to return to profit. I suspect they will be restarting Central Ops soon. Last couple of announcements emphasised their operational readiness. As a higher cost producer, WTI is highly leveraged to POC improvements (and vice-versa). |
Posted at 16/2/2018 08:18 by augustusgloop cyberbub,Orion effectively own WTI. They are behaving like they do. WTI recently bought a mine. But did they. WTI did not have the money for this mine - Orion did. So the decision to buy the mine must have been made by Orion. They could have bought it for themselves in their own name, but chose to buy it via WTI. Billthebank -- it is highly likely that WTI are still making a loss. Thus, they are clearly not on a PE of 5. |
Posted at 09/1/2018 18:29 by cf456 AGM Summary 2------------- Management was pushed on why no director had bought shares in recent years. Chairman tried to highlight that there was reasonable director ownership, but that open windows to buy were far and in between (only right after results). I had the feeling from speaking to management that collapse in share price from higher share price level of where directors had bought had burned their fingers. I did tell CEO and CFO (again) how even a very small purchase would dramatically improve sentiment. There is no communication between Logiman and WTI, but they did confirm that Logiman were selling based on the financial difficulties Logiman is currently in. I continue to believe that once Logiman has exited the shareholder register shares will reflect the true value of WTI correctly. WTI is very excited about Kitumba highlighting that little could be said before Intrepid Mine shareholders decide on sale on 2 Feb. Management clearly believes this was a low price for an attractive asset on which $30m had been spent and would also be getting additional exploration licenses in Zambia. CEO will fly out to talk to Zambian authorities next week. WTI implied that main shareholders of Intrepid (two activists) want sale of Kitumba and cash return. What I thought was very interesting was CEO telling us that goal is to advance this project to production in the near term and that by near term near term is meant. CEO believes they can bring better skillset and different approach to making Kitumba a success. I still believe that investors are completely ignoring Kitumba, which could be a gamechanger. |
Posted at 09/1/2018 18:29 by cf456 The following from LSE and thanks to Pedro57 who posted there:AGM Summary 1 -------------- It was apparent that WTI was surprised about the level of attendance compared to past AGMs (quite a few PIs there with 1-2%+ stakes in group). There were many investor questions with good level of detail in the answers. It was clear that management optimism had improved materially from past engagements with WTI. What was most important for me was WTI management pointing towards reading between the lines of recent developments like today£s AGM statement highlighting good Tschudi production. The Orion board member essentially also stated that $10m loan given before the summer would not have happened if there was not the view that this was a good use of cash. Management also highlighted that Kitumba acquisition would not have been proposed if optimism about company prospects had not improved. This is also underlined by company now starting to see investors again (121 Mining Investment forum) and I had the feeling that investor communication could be stepped up. It is clear that WTI has full Orion support with CEO stating that they were almost in daily contact with Orion and very important recent hedging had been done by Orion without WTI needing to post collateral. There was some investor pushback on why the need for the constant reminder to market that loan repayments could not be made. This was mainly a result of legal requirements and it seems that there could be ultimate restructuring of loan amortisation schedule matching Tschudi£s life of mine performance. Management highlighted that it could start repaying a smaller amount and was not hostage to making full repayments for an upcoming loan repayment (this is very important as WTI would react very positively even is a smaller repayment were to be made). The body language of Orion board member was very positive throughout the meeting. As expected there were many questions on Central Operations and WTI was rather careful in their answers not really divulging where they were in the process. WTI has reached out to new license holder of Ongombo (I think this would be key for lower C1 cost to optimise concentrator) and had done some preliminary work on sourcing and training possible staff. It seems that based on having to close the mine twice WTI is remaining very cautious. Management did however admit that current copper prices were a key positive and more importantly that primary mining approach would be taken, which was starting to happen at the time of the mothballing. Speaking to the CEO from the decision of restarting production to actual copper being produced would be a quick process based on existing infrastructure. |
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