Wti Oil Etc Discussion Threads

[bionictwat] 02/2/2018 12:21

Will drop back to around 1.7

[leedskier] 02/2/2018 11:46

It is so much wasted effort to try and predict markets and commodity prices, but this is tipped as the year when, for the first time since 2011, this sector/segment swims strongly upstream. The indications are that a number of such companies are on the long road to recovery.

The difference with WTI is that it is actually producing and at current copper prices, making a gross profit.

[billthebank] 02/2/2018 11:17

I think people worry about being spiked but this share has a lot further to go A lot further.DYOR

[someuwin] 02/2/2018 11:13

To get an idea of the huge size of WTI's Tschudi operation...

[leedskier] 02/2/2018 10:52

someuwin that is how it is on ADVFN these days.

add

But there are lots of trades going through.

[falia] 02/2/2018 10:34

paying over now

[billthebank] 02/2/2018 08:52

With tschudi stabilised now at circa 17k tonnes /annum we should be seeing great profits here.Orion hold just under 30% and seem really relaxed about their deb.900k copper hedged till July. $40M profits hopefully very soon.Hopefully Orion debt fully repaid in 4 years max!!!!

[mattjos] 02/2/2018 08:45

3 year high on the price now & perfect long term rounding bottom reversal printed over that timeframe. Should now be a keeper for years to come

[billthebank] 02/2/2018 08:42

With copper in xs of 7k dollars a tonne and tschudi extraction costs atunder 5k this is trally gonna move

[spights] 02/2/2018 08:35

Yehaaaaaaaa

[mreasygoing] 02/2/2018 08:28

I had a 20 bagger with FXPO. This could blow that out of the water.

[leedskier] 02/2/2018 08:26

Definitely a long term hold, especially if copper prices rise as forecast over the next two or three years.

[mreasygoing] 02/2/2018 08:24

They got Kitumba so cheaply. Copper price up too. Cheap as chips. Long-term hold. Fantastic.

[mreasygoing] 02/2/2018 08:03

Holy moly. Great news.

[gersemi] 02/2/2018 07:53

This looks like it could be breakout big time

[leedskier] 02/2/2018 07:13

I assume you refer to this.

Kitumba Purchase Update and Development Plan

Weatherly is pleased to announce that the shareholders of ASX-listed Intrepid Mines Limited (Intrepid) have voted in favour of the transaction whereby Weatherly will acquire the Kitumba Project in Zambia. Weatherly is also pleased to announce the outline of its Project Development Plan for Kitumba focussed initially on a high-grade and high-confidence Phase 1 development zone within the resource.

[still waiting] 02/2/2018 07:12

Further, Weatherly intends to evaluate a lower risk and lower cost processing route utilising a combination of flotation and atmospheric leaching plus solvent-extraction and electro-winning to produce a concentrate containing the sulphide minerals for sale to local smelters, plus producing refined copper cathode from the oxide minerals within the resource.

I wonder if this could be AXM' s leaching process ?

[gersemi] 02/2/2018 07:10

Interesting

[leedskier] 01/2/2018 07:34

As our best contrarian poster, the share price must be tipped to rise today ;)

[gozo] 31/1/2018 22:48

Just looking at the Indaba website...seems they are focusing in particular on junior miners this year.https://www.miningindaba.com/ehome/283869/Programme/Orion also have a keynote speaker presenting.https://www.miningindaba.com/ehome/index.php?eventid=283869&

[mattjos] 30/1/2018 20:53

very clearly in a strong uptrend still & I believe will broadly remain so throughout this year.
Folk will be aware of:

1. Orion are being hugely supportive and allowing the company to sell output for spot prices .. they are not availing themselves of their options to buy for less than spot. In so doing they are enabling the company to dramatically improve their cash position.

2. As hedges unwind this year into a strong multi-year bull market for copper, their average sales price will rise significantly and so too the cash generation. Debt repayment will commence in some form or another.

3. The Intrepid vote next week looks a done-deal to me.

4. A very small re-start at Central Ops looks inevitable once debt repayments commence & then build from there.

5. 40% of the shares are effectively locked-up for the longer term but, the Logiman stock will be finished at some point.

6. No one seems to have yet considered either; a). Weatherly/Orion might just flip Kitumba for a quick $50m gain or, b). Logiman's experience and contacts know of a significantly cheaper way to bring Kitumba into production than the mine proposal put forward by Inrepid - who were effectively skint and had to try and get something out there asap to try and find a JV .. a less rushed analysis may prove a much, much cheaper methodology with even greater profit metrics.

Too many positives just now for the upward momentum to peter-out at this miserly valuation.

[leedskier] 30/1/2018 18:45

gozo call me a cynic but I suspect that the shake today and the 900,000 shares bought at the end of the day
which was before the two you drew attention to -- are connected.

15:47:51 1.6700 900,000 O 0.0000 0.0000 ? 4,171,938 5,533,311
15:52:47 1.7000 500,000 O 1.7000 1.8000 Sell 4,171,938 5,533,311
16:27:12 1.7800 250,000 O 1.6500 1.8000 Buy 4,171,938 5,033,311
16:23:21 1.7800 150,000 O 1.6500 1.8000 Buy 3,921,938 5,033,311
16:18:50 1.7400 100,000 O 1.6500 1.7500 Buy 3,771,938 5,033,311
16:15:53 1.7400 250,000 O 1.6000 1.7500 Buy 3,671,938 5,033,311
16:15:09 1.7000 50,000 O 1.6000 1.7000 Buy 3,421,938 5,033,311
16:14:09 1.6980 150,000 O 1.6000 1.7000 Buy 3,371,938 5,033,311

[gozo] 30/1/2018 18:35

The two late reported trades look like buys from the time they took place.Stock being swept up late in the day during the last two sessions.