Wti Oil Etc Discussion Threads

[leedskier] 23/8/2017 13:13

BHP to invest a further $2.5 billion in Chile copper mine to increase production by 185K tonnes a year.

The cost of WTI's mine at just $100 million invested to produce approaching 18K tonnes p.a., is relatively inexpensive.

[keya5000] 21/8/2017 16:20

3$ copper is within touching distance, think the significance of such will be a major event here.

[spights] 21/8/2017 15:06

1.0250
Change:
0.2700 (36.00%)
Volume:12,422,263

[mattjos] 21/8/2017 13:48

when weatherly does make moves upwards, they are often much stronger and longer than many people think is possible at the outset of the move

[mattjos] 21/8/2017 13:37

yes ... no reason why it should not make a new 52w high, given the copper price now & the incessant buying

[keya5000] 21/8/2017 13:32

Matt, think the 52w high of 1.42 is well within range with copper pushing ever higher.

No reason why not, company is in a much better place than when that high was hi.

[someuwin] 21/8/2017 13:31

Should soon break through 1p.

[mattjos] 21/8/2017 13:20

through the recent highs. L&G must be gone by now, given the recent volumes

[leedskier] 21/8/2017 12:17

Buy Volume 5,261,942 Trade Low 0.78
Sell Volume 353,219 Trade High 0.89

Total Volume 5,615,1

[leedskier] 21/8/2017 12:15

strummerjon please feel free to use this BB to ramp up your latest acquisition.

[someuwin] 21/8/2017 12:03

Can buy £2k but not £3k

[strummerjon] 21/8/2017 12:00

Apologies for OT but only got my ' heads up ' for WTI through similar means.

@Mattjos
Quite possibly, but after several years formerly as EMED, having gained a poor reputation as a result of delays and lack of progress, ATYM have successfully overcome several hurdles in finally getting copper production up and running ( expecting 38,000 tons this year at AISC c.$2 with a prospective PE of <2 based on those figures for next year at a CU price @$3, I see them as an extremely undervalued and an overlooked investment opportunity.

[keya5000] 21/8/2017 10:11

Fill your boots at these levels.

[someuwin] 21/8/2017 09:55

This still looks stupidly cheap to me.

[mattjos] 21/8/2017 09:28

me thinks you left this far too early strummerjon but, good luck elsewhere

[mattjos] 21/8/2017 09:26

hardly surprising given the price of copper!! Bit daft that this is still available below 1p

They will surely now look to open up Otjihase as soon as they possibly can. Production from here will be at open market price

[strummerjon] 21/8/2017 09:24

I'm out of these now, had an exciting ride and have transferred the proceeds into Atalaya Mining ATYM which, after a slow start has finally got its act together and is now producing copper in quantity. I believe it is ' under the radar ' and extremely undervalued. GLA

[leedskier] 21/8/2017 09:15

The buyers are certainly sweeping them up this morning.

[mattjos] 18/8/2017 08:50

Buyer is still sweeping up all the loose stock every day

[gozo] 16/8/2017 16:08

Copper now at $6547

[mattjos] 15/8/2017 21:18

looking at the trading since L&G declared below 5% on 1st August & assuming they are minded to get shot of their entire holding, they must now be down to less than 10m, imo. they've dumped 8m alone today.
They are not obliged to declare than 3% and not even zero holdings so, maybe we wont know exactly when they are fully gone ... & in any event, it wont be a chappie at L&G hovering over the sell button. They will have instructed an MM to do the job for them & that MM will likely take the rump off their hands and (sensing the demand) look to trade them out for their own book gains .. minimum 25%, I assume.
There has some very aggressive buying here of late with 1m & 500k blocks being snapped up to circa 0.65p.

The buyer(s) look to have taken on a very significant holding. Will be interesting if we get a new holder RNS or, if they will peg their holding at under 30m.

the critical 1p level is within reach now & the inevitable general associated buying from the broader market chasing a rising price should give us the legs to get over 1p in the next few days.
I am looking for a 1.5P buying peak here now before consolidation bottoming at 1p and so, on that basis, am still buying whilst under 1p

[mattjos] 15/8/2017 18:32

its a fascinating chart, imo & we are now free of the main downtrends that have persisted for the last 16 years !

First hurdle is of course the 1.5p level but, I feel reasonably confident we can crack that in the near-term & then see that as support.

From there on it becomes a stepped battle to take out:
4p, 6p, 7p, 8.5p, 10.5p, 14p & then 15.5p

Clearly not going to happen in a huge hurry but, no reason why not, assuming copper remains in a multi-year bull run supported by the electrification of personal & mass-transport across the globe.
Tschudi has a decent mine life & remains open on strike. Otjihase, Matchless & Tsumeb West remain to be tapped and there is the opportunity at some future point to become acquisitive in the area and pick up plenty of smaller, as yet, undeveloped copper assets.

Long, long journey ahead & perhaps best to tuck away into ones SIPP or ISA and have a look at 2020. could well be paying a decent divi come 2021/22 which would recover todays purchase price in first year of divi.


free stock charts from uk.advfn.com

[loafingchard] 15/8/2017 13:32

Well done Matt