Wti Oil Etc Discussion Threads

[spawny100] 28/3/2018 15:55

mrE - yes and both WTI and 1 year Cu charts are sitting right on 1 year support at present imo

[mreasygoing] 28/3/2018 15:25

A lot of mugged off people will be scrambling to buy back soon.

[mreasygoing] 28/3/2018 12:19

I cannot emphasize more the correlation of Cu prices and the share price of WTI.Patience will be rewarded.

[gozo] 28/3/2018 12:01

....so little confidence that Orion sanctioned the purchase of Kitumba and Berg Aukus??Any thoughts on that Augustus.You're conveniently forgetting the drop in copper prices since Tschudi came online....this is now changing with the onset of electrification of transport etc.

[augustusgloop] 28/3/2018 11:39

My understanding of the deal was that Orion expected WTI to make the agreed loan repayments.

There is no way that they have confidence in the WTI management - who have completely FAILED to meet all of their obligations.

[mreasygoing] 27/3/2018 18:19

Remember this company share price is very sensitive to CU prices. It's no coincidence that its fallen with recent price drops.

[waterloo01] 27/3/2018 18:03

Just had a quick read of the last results. I'm even more confused. They continue to make loses, have mine water issues yet are buying stakes in other prospects with Orion cash.

Just don't get it. Suspect will find out soon though.

[spawny100] 27/3/2018 17:59

Yes that's also possible too. Very much trying to second guess how someone else is thinking. It's more on a knife edge than I initially believed when investing here on the back of last month's rns

[waterloo01] 27/3/2018 17:55

Certainly a possible outcome, but they have now bought it to head, so a decision is being made. The generally rising copper price helps but it also expands the opportunities to find a trade buyer and exit with their cash, in which case shareholders wont be front of the queue, depending on value.

[spawny100] 27/3/2018 17:48

Thanks waterloo. My take is as you said that Orion have been keeping it afloat long enough that they see some future value to be had. Not too dissimilar to us as investors in choosing when it's time to cut losses on an underwater position. The fact that they haven't done so already and copper prices are trending higher suggests that that prospect is becoming increasingly unlikely. That's my logic fwiw.

[spawny100] 27/3/2018 16:05

Thanks for that waterloo. And what is your unblinkered view on it out of interest?

[waterloo01] 27/3/2018 16:02

The investment here is a pure gamble on Orion's intentions. The company has been in their hands for sometime, although the fact the Orion chap resigned from the BOD because of the current negotiations might suggest they are going to be 'less than generous' to current holders. This has been the case since these were 0.5p and not a great deal has changed.

Orion are a large company and like most in the sector, will do little that's not in their own interests. Is keeping WTI afloat in their interests and in what way do they gain. Ditto, what outcome would maximise their return in the short/medium and long term. Answer that (without blinkers) and you will have a better idea of the outcome.

[mreasygoing] 27/3/2018 15:12

My lender let me buy two more houses in the same scenario. They're very supportive because they know that eventually they'll see return on their money. I've added to my position here.

[augustusgloop] 27/3/2018 13:27

I don't care what the technical look like.

This is a zombie company - loses $10m a year (in a good year).

Has assets that are less than what they owe.

Would you buy a house for £12k if it was worth £90k and came with a £110k loan attached? I don't think so - and WTI is worse than that.

There is ZERO value here!
Orion can take all the assets - anytime they want.

[mreasygoing] 27/3/2018 12:24

The technicals are lined up for a bounce in the share price. It's bounced off the trend line support from the August lows. Just need a decent update regarding debt restructuring to get this moving back in the right direction. The share price in honesty got a bit carried away last month. The share price is near 3 year highs, if you forget the spike last month. Spikes are never particularly helpful.

[billthebank] 27/3/2018 11:38

Cheers Still a sizeable amount. This share shows an amazing elasticity to the POC and IMO Copper has a lot higher to go yet. I am expecting $8000/tonne this year and with C1 costs at $5000 corca then on nameplate (17k tonnes) we have a company maker on Tschudi alone. Orion has had confidence to lend Weatherly a further $10M so that is good enough for me if this drops below 1p again it is a screaming buy for me. As vere NAI and DYOR. Looking forward to news re a new repayment agreement between the two in the near future.

[wassapper] 27/3/2018 11:07

It's 25% I think

[billthebank] 27/3/2018 09:04

I thought Orion had 29%?

[tren08] 26/3/2018 19:07

Feeling confident Mr Easygoing?

[mreasygoing] 26/3/2018 15:56

Nearly time to top up.

[mreasygoing] 23/3/2018 08:44

Waiting on Orion debt terms. Should know by next Thursday. With a 25% share holding Orion hopefully will be kind to shareholders.

[spawny100] 23/3/2018 08:38

Wasn't expecting to be down here must admit