Wti Oil Etc Discussion Threads

[billthebank] 13/1/2017 10:15

From the company's investor presentation on their website:-

Production target in Namibia of 30ktpa within 3 years at less than US$2/lb with minimal capex.

• Highly-leveraged to copper price

With three months forward copper price at circa $5800 all is at last looking good here

[billthebank] 13/1/2017 09:20

The Company has identified a low-risk and potentially incrementally cash-generative opportunity to commence with its skills development programme at Otjihase. The Company plans to study the opportunity further before taking a decision to proceed.

· The Company intends investigating the potential for such skills development to support a strategic goal of achieving 10-12ktpa of contained copper in concentrate from the underground mines at C1 costs below US$2/lb. This is in addition to Tschudi and should happen in 6 months so could be amazing production update next September!! Next production update is due next Friday!!! So expecting some movement here early doors blueball

[blueball] 12/1/2017 18:39

I'm expecting a break-out anytime now.

[sh1984] 12/1/2017 10:18

Moved a little since the 2m buy that has just come in, watch it move when the Q4 prod update comes in.

[qs99] 12/1/2017 10:03

not moved much given copper price moves

[billthebank] 11/1/2017 09:16

Wouldnt be surprised at all to see copper at $6000 at some point this year

[leedskier] 11/1/2017 07:48

LMCADS03:COM
3Mo Copper (LME)
USD/MT 5,758.00 +167.00 +2.99%

[blueball] 10/1/2017 13:03

Perhaps fingersxxd can offer his chart advice.

[billthebank] 10/1/2017 12:32

We are valued at 10M with the share price being just below 1p $40M revenue stream and a P/E of 5 and we have a 20 bagger. If copper really gets motoring then BOOM!!! Every 100$ increase in the price of copper/tonne is an extra $2M onto our revenue. Not bad when we are only valued today at £10M That is basically what I mean and I know we have some debt to sort out but now that we have copper in a stronger price situation I am not concerned at all. Fingers crssed nothing comes out of the woodwork that I dont know about. To be honest I wish the executive would increase their holding NOW!! What a message that would deliver to the ordinary PI!!

To be honest that is one aspect that I havent researched and should Anyone has that info at their fingertips. I would love to hear a contrarion point of view to give me a shake

[blueball] 10/1/2017 12:23

Its £10mill Bill.

[billthebank] 10/1/2017 12:21

Not really interested in these small adjustmaents Wake me up when we are nearer 1p!!!! Only a 100M valuation on a company producing 20k tonnes /annum If the Price of copper rises to $5800 then we have a revenue stream $40M so even at that price we could have a multi multi bagger So I know this sounds ridiculous but just think of a P/E of 5 and do the maths. This is risky but the potential here is vast AND WE ARE PRODUCING NOW!!!

[blueball] 10/1/2017 11:52

Once this moves it goes vertical leeds.

[leedskier] 10/1/2017 11:38

Buy Volume 2,031,369 Trade Low 0.79
Sell Volume 51,000 Trade High 0.90
? Volume 0 VWAP 0.85
Total Volume 2,082,369 Prev day Vol 329,965

[blueball] 10/1/2017 10:47

Bit of interest today.

[shapido] 05/1/2017 14:22

Let's see if that 1m+ sell will pop up again today. We should see a bit of interest now in the run up to the quarterly update.I can't wait to see the numbers. Hoping for sub $3.8k/tonne costs

[someuwin] 05/1/2017 13:11

Looking good.

[billthebank] 05/1/2017 09:04

Only 1m dollar profit on that exercise which starts I 6 months time.Potentially great arrangement for Orion but at least all is fine 're our debt management.Dtill don't understand why TWO is falling?

[billthebank] 05/1/2017 09:04

Only 1m dollar profit on that exercise which starts I 6 months time.Potentially great arrangement for Orion but at least all is fine 're our debt management.Dtill don't understand why TWO is falling?

[leedskier] 05/1/2017 08:21

Ongopolo Mining Limited = WTI.

[leedskier] 05/1/2017 08:11

As a loan rescheduling fee, Orion will receive, inter alia, the right to buy 700 tonnes of cathode each month from Ongopolo Mining Limited for the period from 1 July 2016 to 31 May 2017 at a price of US$5000 per tonne (the "Updated Offtake Terms").

[breaktwister] 04/1/2017 16:03

MM wont let me buy even £1000 worth at the quoted ask of 0.75, they want 0.79

[jdwag] 04/1/2017 15:53

End of May.

JD

[longsight] 04/1/2017 15:42

Approx half the production currently is sold for a fixed price of US$5000 under the renegiotiated loan terms. This lasts until June [july?]

[mattjos] 03/1/2017 20:02

Doubt the market will believe the debt repayment has started until such time as it evidenced in the accts.Trust in the Board (other than new CEO) likely remains at rock bottom. At least under the new CEO they have moved out of the stupid price London office and culled one of the BOD ... still 2 more to be shot of.