Wti Oil Etc Discussion Threads

[mattjos] 14/12/2016 08:55

Been here since 3p. Still holding 3m+ shares. bought some more a few weeks ago

[billthebank] 13/12/2016 22:40

Thanks Mattjos have you been on board since the 14p days? I can understand your lack of confidence in the board but I am going to judge them on how they do over the next 12 months. Obviously the price of copper will help but happy in the present range And hopefully they have been wise to hedge the next three months copper or the last three partic as the price of copper is so healthy presently

[billthebank] 13/12/2016 13:13

Lord only knows what will happen here if copper hits $3

[sh1984] 13/12/2016 11:34

The BoD are confident based on the recent RNS on loan repayment for End Feb, given its only circa 9 weeks away I am very optimistic they will commence re-payment of the various tranches to Orion. Production levels are also back up to nameplate, so assuming its all good we are onto a winner......... the Jan production update will be key particularly with costs in region of $4000/ton.

Copper is holding up at $2.6/lb and establishing new supports, hopefully it will continue to rise once consolidated at $2.6/lb into the new year, with strong stimulus of demand from US and China.

Come end of Feb next year this could rocket upwards of 4p.

[billthebank] 13/12/2016 09:02

I agree although they have had some debt issues a repsyment progtamme is in situ which the company and more importantly its creditor are happy with.The price of copper on 3 minths forward is strong at 5800$ so as production levels are priven for another quarter a company valuation of less than £10M is ridiculous.Time will tell

[sh1984] 13/12/2016 07:11

I purchased a whole load yesterday, market cap shows company is undervalued, shares should be around 2p.

[billthebank] 12/12/2016 18:20

TBH I cannot believe this share has not started moving uwards. Still may just have to buy some more!!

[blueball] 12/12/2016 16:55

Due a run anytime now.

[billthebank] 12/12/2016 10:17

Revenye in 2017 $30Million ceterus paribus

[billthebank] 09/12/2016 18:48

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

[sh1984] 09/12/2016 18:13

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

[blueball] 09/12/2016 17:34

Yes a great RNS just imagine in the next 3 months when the payment is due the share price will be 1.5p.

[sh1984] 09/12/2016 15:20

Fantastic RNS on repayment plan with Orion, wow Christmas has come early. They must be confident given it's only 3 months until payment.

[sh1984] 08/12/2016 12:01

I would buy them out for £1m

[leedskier] 08/12/2016 11:50

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.

[mattjos] 08/12/2016 09:54

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.

[leedskier] 08/12/2016 09:20

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.

[sh1984] 08/12/2016 08:08

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.

[leedskier] 08/12/2016 07:51

At least we know who was selling and why.

[blueball] 08/12/2016 07:25

Significant shareholder and Director change.

[leedskier] 07/12/2016 18:21

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.

[xcap] 07/12/2016 11:52

$2.70 back in play - $3 might well be in sight over the next month or so

[billthebank] 07/12/2016 10:32

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