Share Name Share Symbol Market Type Share ISIN Share Description
Weatherly LSE:WTI London Ordinary Share GB00B15PVN63 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.80p 0.75p 0.85p 0.80p 0.80p 0.80p 302,755 07:57:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 47.9 -8.0 -0.7 - 8.49

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Date Time Title Posts
22/9/201714:32Weatherly - Pure Copper Play14,990
11/11/201608:43Weatherly International WTI in production4
14/4/201112:29The Return of the Weatherly320

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Weatherly International Daily Update: Weatherly is listed in the Mining sector of the London Stock Exchange with ticker WTI. The last closing price for Weatherly International was 0.80p.
Weatherly has a 4 week average price of 0.65p and a 12 week average price of 0.25p.
The 1 year high share price is 1.43p while the 1 year low share price is currently 0.23p.
There are currently 1,060,803,192 shares in issue and the average daily traded volume is 537,037 shares. The market capitalisation of Weatherly is £8,486,425.54.
goldguru2017: Kestrel Gold (TSX Venture Exchange symbol KGC.V) Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada. - Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt. - Easily accessible, excellent infrastructure, safe jurisdiction. - Sampling just finished, funded drilling programme about to commence - >100g/T Gold sample from Clear Creek – excellent potential - Peak values of 12,400 ppb Au from soil sampling on Val Jual - Relative low market cap – CDN$5.0 million - CEO with proven track record of growing public companies share price by multiples - Leading Canadian gold geologist, Jean Paulter, running drilling campaign - Nearby to discovered goldmines (Coffee, Golden Saddle) - Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies - Drilling news flow expected before year-end Please do your own research on the Company before investing. Thank you for your time.
leedskier: As I read the previous RNS == although I may have missed some -- WTI sold shares to POLO at 2.99p in 2014 and sold some more in 2015 at 2p. Normally when a company raises money to fund operations and expansion the share price does not crash from 2p to 0.35p as it did here. The reason for the crash was the fall in the price of copper to below $5K a MT which made operations uneconomic. With copper now at @$7K a MT one can understand the recovery in the share price to 1p. Nevertheless, unlike in 2014, the new mine is producing. How efficiently remains to be seen. But I rather thought the whole purpose of the new leach pads was to smooth out operations leading to higher production and lower costs. Or am I wrong about that?
leedskier: when copper was at current price levels in 2014, the share price was approaching 4x the current price.
jp2011: Re Leedskier: no, the $10m is working capital for longer leach times and capex for new leach pads.If they can sort out Tschudi and start repayments then share price will be north of 2p. Once it gets >2-3p then you could look at new equity funding to restart central ops, there could also be some m&a to bring in additional to make central ops more viable.
waterloo01: htTp:// Weatherly announces that, following discussions with Orion, it has entered into a further amendment and restatement agreement with Orion. Under the Amended Facility, the first repayment of Facility B Loans has been deferred to 30 June 2017 and Orion has agreed, effective until 30 June 2017, to limit its acceleration and enforcement rights on the terms set out in the Amended Facility. The Facility B Final Maturity Date remains unchanged at 29 February 2020, and each Facility B repayment will be increased so that the Facility B Loans will be repayable in 12 equal repayments. 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 May 2017 to 30 April 2018 at a price of US$6000 per tonne (the "Updated Offtake Terms"). htTp:// Weatherly has entered into a further amendment and restatement agreement in relation to its existing facility with Orion (the "Amendment and Restated Agreement"). Under the facility as amended by the Amendment and Restatement Agreement (the "Amended Facility"), the first repayment of Facility B Loan has been deferred to 31 August 2017 and Orion has agreed, effective until 31 August 2017, to limit its acceleration and enforcement rights on the terms set out in the Amended Facility. The Facility B Final Maturity Date has been changed to 28 February 2020, and each Facility B repayment will be increased so that the Facility B Loans will be repayable in 11 equal repayments. The repayment of the US$8.6 million lent under Facilities C and D of the Amended Facility has been deferred until 31 August 2017. Both RNS's carry the following health warning (although copper has recovered somewhat since). If copper prices remain at current levels it is unlikely that the Company and its subsidiaries will generate sufficient surplus cash to meet all loan repayments under the Amended Facility when due and planned capital expenditure to support achieving production and operating cost targets. The Company continues to positively engage with Orion on the subject.
pedro57: I find it very interesting that Weatherly has posted an updated company presentation on its website. It is essentially almost the same presentation that was published end of last year. In my view this presentation would not have been posted if the company has not surpassed the worst of the operational issues. It could be the precursor to an increased step up of the company to get the share price up and to reflect the true value of the assets. It will be interesting to see if this updated presentation is followed by more upbeat communication from the company. The reality is that current share price completely ignores the copper price rally...
pedro57: Last week was the inflection point in WTI; it is apparent that the smart money is building positions (>10% of free float was purchased last week). This is my largest holding now and am envisaging 3p share price by end of 2017 and 5p end of 2018 and ultimately 10p with 1p dividend post 2019. This is the most geared play on copper in the world as it is priced as if company will go bust; Orion loaning another $10m at low interest cost would not have happened if the potential were not there. Copper has broken out of long term range and in weeks to come will go over $3/tonne. WTI could have EBITDA of $50m in calendar year 2018 (20,000 * 2,500 gross margin). Market cap of just over £4m simply is way too low...
pedro57: I listened into the WTI conference call today on April's quarterly production update. There were around twenty participants on the call. The key highlights were: 1) WTI will publish an update on the Tschudi Feasibility study prepared independently. This update should be published sometime in May. This could actually be an interesting catalyst given the almost 25% decline in the USD/ZAR exchange rate since the original study was released in 2012, which should help project economics considerably. 2) On CAF the CEO stated that they are very close to finalising the pre-feasiblity study with talks on the last of the four minerals close to completion. After the approval of the CAF board the pre-feasiblity study will be published and CEO saw the study likely to be relatively positive. The delay in the published CAF pre-feasibility study has been annoying (timing has slipped three times), but if all four minerals (zinc, lead, silver, vanadium oxide) mined in Berg Aukas could be reflected at market prices in study it would increase economics of project considerably. With recent bullish commentary around zinc production dropping strongly in the future and lack of quoted zinc companies CAF remains very interesting (Berg Aukas zinc ore grade at 17%) given low market cap and a lot of infrastructure already in place. 3) I have put Central Operations further down the key highlights given that it is so hard to trust management with its related outlook having disappointed so often. The CEO stated that following recent initiatives bringing operations in-house, buying new equipment (60% complete) and move away from pillar mining at Otjihase it will eventually hit stated production targets and that by the end of the year (3-6 months) production levels will be close to 1,750 tons of copper per quarter (7,000 tons annually) with C1 costs below $5,000/ton (all-in costs $5,000-5,500). In my view nobody trusts management on Central Operations and market will want at least 1 – 2 quarterly updates where this outlook is at least somewhat supported. 4) Minor points of interest are that Tschudi is seen as producing copper in 11 months (so less than one year away) and that the project has been progressing faster than expected and below budget. CEO stated that new equipment has and will be predominantly leased with option to buy after one year (this made me more relaxed as it implies cash balance will suffer less as little capex outlay needed for sorting out Central Operations until Tschudi produces copper). All in all we are back to the same quandary, which is at what point will WTI share price reflect Tschudi prospects, where recent news-flows has been rather positive (update on Tschudi Feasibility study next month could be very interesting), and look through Central Operations issues, where once again this was a disappointing quarter. Near-term CAF pre-feasibility update could also be interesting. I continue to believe WTI shares are significantly undervalued and will continue to build out my position.
pedro57: The current WTI share price does not make any allowance for the Tschudi project for which the company has been able to raise over $90m of debt financing, which is a multiple of the current share price. Nobody loans this amount of money without the project economics stacking up (a weakening of USD/ZAR has also improved these economics further). What has happened to the share price is that continued underperformance of Central Operations has led to the market not attributing any value whatsoever to the commissioning of Tschudi next year with last December's share placing not helping either creating an overhang, which only has cleared recently. WTI needs to completely change its and step-up its communication strategy (where are we with Tschudi?, where is an updated presentation on the website?, what has happened to CAF?, what is the plan at Central Operations?, what is the impact of exchange rate movements on Tschudi?, etc.). A very easy approach to improving sentiment would be some directors buying the shares, something that should be forefront on the company's mind. The next quarterly production update for WTI in mid-April could be one of the last opportunities to address the numerous issues and I do hope that WTI spends lot of time on the message put out to the market and management's prime focus should be on how to improve the bombed-out sentiment in WTI. A simple statement as we have had before that Tschudi is progressing well and that Central Operations is still underperforming, but will do better next quarter simply will not do. I do hope we get a conference call as well as we have had for the last two quarterly updates where WTI can be pushed a bit harder than before by its shareholders.
pedro57: What is the board's view on the recent trading pattern of WTI? We have had almost 30m of shares traded in the last three weeks with almost all of them buy orders with hardly any positive impact on the share price. In the last three weeks the shares on offer over has always been large at 500K – 1,000K. Following the 1m buy order that was filled today the shares on offer has stepped down markedly at 150K for the first time in a long time. Is my view sensible that the 35.7m placing of shares in December has put a lid on the WTI share price, most likely because these shares were placed with institutions with a short investment horizon that have now mostly been sold following the 25% increase in the share price in one month? Once this overhang clears do people agree that there could be a rapid step-up in the share price because clearly somebody is buying heavily?
Weatherly International share price data is direct from the London Stock Exchange
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