Wti Oil Etc Discussion Threads

[leedskier] 30/1/2018 14:01

Copper has bounced back as the US$ gives back some of its gains over the last 24 hours.

$3.205 a lb which is over $7K a MT.

[horneblower] 26/1/2018 10:31

ARS?
Sorry, didn't intend to be rude!

[cf456] 26/1/2018 09:17

"So far, copper futures have only closed once below $7,000 this month. My exposure comes by way of #CAML #VAST & #WTI. Pleased to see £18m cap #WTI closing at new recent highs yesterday --- the demand for this one is absolutely clear"

[cf456] 26/1/2018 09:16

£300m would certainly be some upside from the current £19m!

Nearly 16x the current share price would make for a lot of happy shareholders.

[brian1944] 26/1/2018 08:49

if we can get to a 25k a year we will have a market cap of over 300m me thinks

[cf456] 24/1/2018 16:50

"Huge day also for Copper / almost +4% a moment ago. US dollar basket -1%....#WTI A further leg higher will start attracting new investors given scale of margin movement. More days like today and it should be going banana's"

[cf456] 24/1/2018 15:01

Strong bounce in the copper price today.

[cf456] 24/1/2018 08:52

February catalysts to look forward to:

..."#WTI Strong reversal yesterday, plenty of buyers seizing on any dips. February - Intrepid vote happens, better Interims expected..."

[cf456] 23/1/2018 16:09

The share price action is very strong.

Most dips are fairly small and buyers are keen to take advantage snapping up shares quickly.

[mreasygoing] 23/1/2018 15:18

Averaged up with another 250k.

[cf456] 22/1/2018 09:58

"#WTI 3,000 tonnes last qtr was sold at a hedged price of $6,077 vs a C1 cost of $4,551. The remaining 1,739 tonnes were sold close to spot prices (I'm estimating c$6750-$6,800) vs a C1 cost again of $4,551. That's a c$8.5m operating margin over that qtr #Copper"

"#WTI Had the hedging not been used over $10m margin would have been delivered that qtr. Be in no doubts, as these hedges continue to unwind & *if* copper does indeed trend higher the figures become startling. Try a Cu price of say $7500 or $8,000 vs C1s of $5K for 4,250tonnes/qtr"

[dixi] 20/1/2018 14:38

I have held shares in WTI since this was a brokerage in the WTC. Anybody beat that one!?

[horneblower] 20/1/2018 12:50

Lot of old friends here, I see. Hi guys.

[dick grasso] 20/1/2018 11:13

Nice to see some signs of life in the old dog. Been a few years since I've taken any notice of my WTI holding. Still holding a considerable amount and considerably higher prices. But getting there slowly! DG

[leedskier] 20/1/2018 08:51

Does it matter if Barron Dsy or any other private investor has sold shares having made a good return?

Share prices rise or fall on sentiment. If WTI is now in the right sector at the right time, its share price should (eventually) reflect that.

Incidentally I have held shares in WTI for as long as anyone posting on this BB.

[leedskier] 20/1/2018 08:34

There are Aim listed mining exploration companies which have no income with higher market capitals. Beowulf Mining being just one example with a market capital of £43.16m.




The key component is the price of copper. At $7000 a MT, WTI is making money. At annual nameplate production and current production costs (average of $5k a MT over the last two quarters), the margin is 17K x ($7k less $5K) = $34 million.

[mreasygoing] 19/1/2018 23:53

I assume or presume nothing, be it a company or a poster.I've been playing the game a long time, your advice is most welcome though and I thank you for it. I still think we'll see 4p at some stage this year. We'll see.

[mattjos] 19/1/2018 23:22

I've not sold a single share. Am not a trader & am reasonably sure that I have been here far, far longer than you have & likely a much larger holding. 2p is certain, 4p most unlikely at this stage.You all seem in the thrall of this Barron bloke ... ask yourself, why is he so intent on making as bigger noise as he can about his buying actions? he took 2m in 8x250k chunks am .. look at the trades in the afternoon and the sell off. Step carefully is just my advice .... none of the directors are stepping up to the plate & they know best the likely finance costs of Central Ops & Kitumba. History shows how one bad rainy season can near wipe them out & whilst the Logiman stock may shortly be exhausted, there is still a background legal dispute between them & the company, yet to be resolved. I am cautiously bullish over a 3 year timescale but, balance that with poor operational delivery from management to date

[mreasygoing] 19/1/2018 23:09

Mattjos, this is a fantastic recovery play. Mcap only £17m. The chart has an target of 4p initially after today's break out. That Baron guy knows his stuff. He isn't the slippery type. Perhaps someone on here sold a bit too soon !

[mattjos] 19/1/2018 22:07

Cf456 ... I would suggest your Twitter chum dumped a fair chunk of his 2m later in the day. Don't get carried away. He's using his 'followers' to aid his trading

[cf456] 19/1/2018 11:59

With Orion so supportive, their 24.6% holding also helps limit the free float so that the share price is driven even more sharply higher with good news.

[leedskier] 19/1/2018 11:55

Orion hold 24.6% of the shares and have a Board seat. All the indications are that they are very relaxed.

[leedskier] 19/1/2018 11:49

Babbler that bit is generated automatically on every WTI RNS.

[mreasygoing] 19/1/2018 11:11

Just think of the future copper demand and when Central Operations are factored in in the future. Life changing potential for shareholders.