Wti Oil Etc Discussion Threads

[pedro57] 01/5/2015 12:06

With copper prices now above $6,400/tonne prospects of WTI surely have to be better; I was doing some modelling and had some questions come up and wondering if anybody in this knowledgeable forum had a view on the following queries: 1) How significant of a positive is the weakening of the NAD/USD from 10.5 assumed in the project economics of Tschudi to 11.9 currently (this is a >10% decline in local NAD costs)? 2) What are the group overheads for Weatherly with a down-scaled London office; is a figure of ~$5m annually realistic? 3) The last update stated that “Tschudi will reach its design capacity in Q4 2015.” am I correct that this means 17,000 tonne per annum production target for Tschudi is still envisaged? 4) What will be the total Orion loan with Tranche C, i.e. is total Orion loan $88m and related interest rate 9% (miminum LIBOR 2% + 7% spread)? 5) Am I correct that we had $8.7m of cash on the balance sheet as of 1 March excluding cash held relating to draw downs (which could be anywhere from 0 to $3.7m, which was held at end of 2014)? 6) Does anybody have a view how serious the encountered initial issues of lower leach rates and higher than anticipated acid consumption are, are these typical for the beginning of such projects, easily addressed, etc.? 7) Does the diverse shareholder base (several institutions, Polo, Chambers and even CEO) including the contractor building the Tschudi project (Logiman now owns 13%) mean shareholder interests will be looked after? Thank you for your help, much appreciated!

[mattjos] 29/4/2015 15:18

you are in a humorous mood today Mike. Repay his Bonus??? Not a chance in hell

[mikeja] 29/4/2015 12:15

Wonder if Webster will repay his bonus…..

[113mike] 19/4/2015 12:17

Absolutely!. I had approx £2k invested in this P.O.S. b4 suspension. I'm expecting this to be worth only 10% of that when it returns...imho..if it returns that is!

[rhotoid] 19/4/2015 10:47

Well said Mattjos, totally agree.

[here and there] 18/4/2015 17:55

I suspect they new as much as us and just thought the stock was cheap considering production was ramping up.

all we can hope is that they have used the past two months to scoop away the lower grade ore and get down to the higher ore, blend it somehow, improve production and to a deal on debt repayments i.e. delay for 6 months

it is in all interests to sort out the problem

[mally6] 18/4/2015 00:14

Not if they thought it would open much higher

[augustusgloop] 16/4/2015 18:56

Anyone that knew that the suspension was coming and bought the day before - must be as thick as two bricks.

[mally6] 16/4/2015 18:26

well they must have known about the suspension as they have been working very closely with wti,so gives some reassurance.m sure they would only increase if they thought the share price was going to go up

[ashbox] 16/4/2015 11:46

It happened on 16th Feb...the day before suspension.

[here and there] 16/4/2015 11:43

look at the dates…february!

[gekks] 16/4/2015 11:42

Yes good news it seems but anyone know how they can increase their holding when shares are suspended ?

[dhymeri] 16/4/2015 11:33

Good news.. i think

[fangorn2] 16/4/2015 10:51

Logiman (Pty) From 12% to 13.3%

[jdwag] 31/3/2015 23:57

I actually think the next fundraising will be done in conjunction with Polo, could be them taking 15-20% additional stake for £2m or so if the next fundraising is done close to 1p (which it might), Orion may be looking for a stake if the alter the Finance Agreement (certainty IMHO).

Either way, Rod will be coming under significant pressure from the IIs and Orion, hence the downgrade of Offices and I bet there is job and salary cuts in the background too. The last full financial year had Central Costs at Circa £4m for that year (salary, admin, office costs, etc) so lots of fat to cut out yet.

JD

[jdwag] 30/3/2015 21:07

It's a Regus Serviced Office they are moving to, a big step down in stature and cost than their West End Picadilly Pad they were in, be it cost cutting or desperation, cost cutting is still cost cutting, hopefull the institutional investors have called for this before they give them any more funding via what I feel is the inevitable future rights issue.
JD

[waspfactory] 30/3/2015 18:32

Fleet Street won't be cheap - the Road to Nowhere would have been more appropriate! Sorry, but I'm feeling more and more disillusioned everyday.

[mattjos] 30/3/2015 18:01

Let's hope they've listened to the sensible shareholders and this new office is much cheaper ... Or, rather desperate times have called for desperate measures

[dixi] 22/3/2015 20:57

Site is at: hxxp://weatherly-shareholders.net/

[dixi] 22/3/2015 20:56

zangdook - see posts by 'kbxc' on iii - he is running the shareholders site, his contact details are in one or two of his recent posts. Hope this helps.