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Weatherly International Share Discussion Threads
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|Just do the maths guys on 17000 tonnes per annum Costs at $4000 dollars and three months forward copper price $5800. $1800x 17000 for a year and divide by 4 and Boom on a company with a c/v of less than £10M|
|More than that Blue, would have been around 1.5-2p if it wasn't for Logiman selling.
If copper holds like it is, Tshdusi production rates continue on nameplate then when WTI pays off loans, this could go to 4p|
|Yes a great RNS just imagine in the next 3 months when the payment is due the share price will be 1.5p.|
|Fantastic RNS on repayment plan with Orion, wow Christmas has come early. They must be confident given it's only 3 months until payment.|
|I would buy them out for £1m|
|Perhaps WTI should invite Logiman to sell its entire holding (now less than 10%) to WTI for £1million, rather than watch Logiman drip it into the market at the rate of a million shares a day.|
|quite how you think Logiman made a profit is beyond me. They paid 3.95p in the fundraising did they not?
This is a legal positioning move as clearly the Logiman MD cannot sit on the board of a company that they may end up in court with as there is very clear conflict of interest with him potentially sitting in an executive capacity on the Boards of both plaintiff & defendant.
They have dropped just below the 10% level, this enabling Krzysztof Szymczak to step down, at least until such time as the dispute is resolved.
I'm not convinced they will be looking to sell any more, at this stage, and see further losses on their investment. Indeed, post the resolution of the dispute, they could buy some back to go back over 10% and retrieve their seat on the Board.
Depends on how amicably the dispute is resolved.|
|Today's RNS refers back to July's RNS and the reference there to the likely arbitration proceedings over (what seems too be) WTI's dissatisfaction with work carried out by Logiman under the fixed price contract.
From my experience building contracts of all shapes and descriptions invariably end with some dispute over some issue or other, this contract proves to be no exception. Hopefully it will be a minor distraction.
This is what WTI posted in July
Disputes with LogiMan
Following several disputes between Ongopolo Mining Limited (OML), the Namibian subsidiary of Weatherly, and LogiMan (the Engineer-Procure-Construct (EPC) contractor responsible for the Tschudi plant construction) arising from LogiMan's work on the Tschudi plant, the Company anticipates that arbitration proceedings will likely arise to determine those disputes. The Company will provide further updates on this as appropriate.|
|Yes - explains why the share price hasn't rocket up at the rates expected and in accordance with copper price.......... Log obviously been selling into the rise.|
|At least we know who was selling and why.|
|Significant shareholder and Director change.|
|When one looks at the 2016 chart of copper producer KAZ (market cap £1.8 billion), which had net debt of $2,531 million against a half year revenue of $302 million, at the end of H1, it does kind of make one wonder why WTI is not travelling vertically too, given its market cap is just £9.2 million.|
|$2.70 back in play - $3 might well be in sight over the next month or so|
|Oh and remind me what is $1800 times 17000!!!!!! Oh yes and a market cap of less than £10M!!!!All things remain on line as we are and no change downwards to price of copper this is an easy 10 bagger and why not. Great entry point in my opinion|
|LME three months forward $5855|
|$2.68 a pound Anyone got a calculator to multiply by 2240?|
|You should be able to trade inside the quoted prices.|
|What is with the huge spread here?|
|Great find Blue - WOW $5Bn - looks like many are now confident copper prices will go up! China and US key to increased demand.
Are WTI interim results due this month?|
Bullish pattern detected.|
|Getting there copper now $2.68/lb|
|Agreed - Hopefully copper price will consolidate around $2.7 this week and then push onwards, leverage to copper price is massive - 20% increase in copper price has pushed WTI up 300% over past 2 months :)|
|This is an exceptional opportunity - imo.|
|Copper pushing back to recent highs|