Share Name Share Symbol Market Type Share ISIN Share Description
Weatherly LSE:WTI London Ordinary Share GB00B15PVN63 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.075p -5.17% 1.375p 1.30p 1.45p 1.45p 1.375p 1.45p 6,987,027 15:05:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 47.9 -8.0 -0.7 - 14.59

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Date Time Title Posts
15/1/201819:34Weatherly - Pure Copper Play15,213
13/11/201710:05Weatherly International WTI in production11
14/4/201111:29The Return of the Weatherly320

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Weatherly International Daily Update: Weatherly is listed in the Mining sector of the London Stock Exchange with ticker WTI. The last closing price for Weatherly International was 1.45p.
Weatherly has a 4 week average price of 1.08p and a 12 week average price of 0.68p.
The 1 year high share price is 1.48p while the 1 year low share price is currently 0.25p.
There are currently 1,060,803,192 shares in issue and the average daily traded volume is 9,812,631 shares. The market capitalisation of Weatherly is £14,586,043.89.
leedskier: augustusgloop 2 years ago KAZ's share price was 100p (it is 900p today)giving it a market capital of £446,840. Its debt was some £2.5bn. Today its market cap is £4.1bn. Its debt is still £2.5bn and what is more the Company recently announced it intends to raise and invest a further £1.2bn. The rise in its share price as it is poised to return to the FTSE100 no doubt reflects the higher price of copper and its low production costs. No-one seems to be in the slightest bit concerned about its borrowings. Why is it different in the case of this Aim listed company? Compared to KAZ's borrowings, WTI borrowings are loose change. Orion do not seem to be concerned, why are you? Especially as you are not an investor.
cf456: AGM Summary 2 ------------- Management was pushed on why no director had bought shares in recent years. Chairman tried to highlight that there was reasonable director ownership, but that open windows to buy were far and in between (only right after results). I had the feeling from speaking to management that collapse in share price from higher share price level of where directors had bought had burned their fingers. I did tell CEO and CFO (again) how even a very small purchase would dramatically improve sentiment. There is no communication between Logiman and WTI, but they did confirm that Logiman were selling based on the financial difficulties Logiman is currently in. I continue to believe that once Logiman has exited the shareholder register shares will reflect the true value of WTI correctly. WTI is very excited about Kitumba highlighting that little could be said before Intrepid Mine shareholders decide on sale on 2 Feb. Management clearly believes this was a low price for an attractive asset on which $30m had been spent and would also be getting additional exploration licenses in Zambia. CEO will fly out to talk to Zambian authorities next week. WTI implied that main shareholders of Intrepid (two activists) want sale of Kitumba and cash return. What I thought was very interesting was CEO telling us that goal is to advance this project to production in the near term and that by near term near term is meant. CEO believes they can bring better skillset and different approach to making Kitumba a success. I still believe that investors are completely ignoring Kitumba, which could be a gamechanger.
leedskier: Whilst I am quite sure that long term investors here are very happy that the price of copper is back to $7000 a MT and that the proposed acquisition will add considerable value to the portfolio of assets, what we do not want is this to be ramped up and then sold off. The share price is, in common with all commodity shares listed on Aim, trading at a fraction of its historic price, The question is will there be, as Goldman Sach suggest, a bull market for commodities next year and especially for copper! If there is then copper producers should do well. If not then they may continue to trade at a significant discount to fair value.
mattjos: Shareholders all livid on the hot copper B.B. for Intrepid mines. One good poster though has offered this thoughtful analysis:Dragone64,I don't think this board are really the mining exploration, mine development types, more just cash strippers.What was Miller's average "buy in" price? You seem to think it is higher than he will recover if the company is wound up. I'd need to go back and do the sums to check but I'd be surprised if he would agree to this sale if he is going to take an overall loss. On the other hand maybe he didn't understand what he was getting into.The early feasibility study showed that the project had a complex flow sheet requiring a copper leaching process comprised of crushing, grinding, flotation, pressure oxidation, atmospheric acid leaching and solvent extraction / electrowinning. The mine by necessity would have produced a copper cathode product through this complex process not a copper concentrate. The early study also needed to build in overcapacity to deal with the problem of an early shortage of sulphide product which would have produced the necessary acid and heat required for the acid leaching operation. What's more, in this plan the mine would have needed to obtain external sulphide concentrate to process in the early years (average of 40ktpa for the first 5 years). All this amounts to a large capital cost barrier for development. $US680 million from that early study was estimated.When they stopped funding the last feasibility study they effectively gave up on finding other less capital intensive pathways for the project. The company buying this asset must clearly have some idea of how to develop it or they are pay $5 million for the call option on the copper in the ground. To me this call option is still very cheap at this price irrespective of the technical difficulties and the capital associated with the development of Kitumba. The share price of IAU valued the call at ZERO and also values this transaction at ZERO. That's the markets for you at the moment. If prices are not driven unbridled stupidity they languish below cash and asset backings. Who would want to consider serious investments when you can be swept upwards by the trending frothy bubbles (crypto currencies, the FANGs, technology metals you name it).I believe the directors have made a miscalculation and are better to be holding this call option on behalf of shareholders for that price.What we don't really know is what is happening behind the scenes in Zambia. The government there might not fully understand the technical and financial difficulties associated with developing this project and might be applying pressure on the company, even threating to forfeit IAU's rights for all we know.The acquirer might also be miscalculating the situation or it might be more accustomed and more nimble when operating in the African context. They probably see the country risk as manageable and think they can find a way to develop the project or at least flip the project at a good profit at a later point by maybe adding value through a new approach to doing feasibility.Eshmun
jp2011: WTI would need to phase the project as a POX plant alone will cost over$100m. The initial phases (assuming POX comes later) will cost $150-200m? So how will they fund it? If the answer is 100% Orion debt then I say run for the hills as Orion will be the only winner.If WTI wants to create shareholder value on its existing assets then it needs to raise c£40m from shareholders to reduce debt, provide CAPEX for central ops and ensure adequate working capital. As gearing (risk) reduces the share price rises. Then it needs another £50-100m of equity for the Zambian project plus $100-150m debt.If we have learnt only one lesson from Weatherly its that high gearing destroys shareholder value.Thomas has got his work cut out because he'll need a share price of 10-20p to raise that level of funding.
jp2011: Another analogy could be a rolling snowball, as they fix the issues and copper price increases, the share price rises at which point they raise new funds to increase production, which allows them to pay off debt quicker. Go back to 2009/10 and the share price rose spectacularly so events could move fast, 2018 is the year to watch.
tippow: With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders. "Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=£1.24 billion Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£;155m Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps:// … … … … … … Also previous videos on GEO worth watching hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … hxxps:// … … … … … … … … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets.
leedskier: As I read the previous RNS == although I may have missed some -- WTI sold shares to POLO at 2.99p in 2014 and sold some more in 2015 at 2p. Normally when a company raises money to fund operations and expansion the share price does not crash from 2p to 0.35p as it did here. The reason for the crash was the fall in the price of copper to below $5K a MT which made operations uneconomic. With copper now at @$7K a MT one can understand the recovery in the share price to 1p. Nevertheless, unlike in 2014, the new mine is producing. How efficiently remains to be seen. But I rather thought the whole purpose of the new leach pads was to smooth out operations leading to higher production and lower costs. Or am I wrong about that?
pedro57: The current WTI share price does not make any allowance for the Tschudi project for which the company has been able to raise over $90m of debt financing, which is a multiple of the current share price. Nobody loans this amount of money without the project economics stacking up (a weakening of USD/ZAR has also improved these economics further). What has happened to the share price is that continued underperformance of Central Operations has led to the market not attributing any value whatsoever to the commissioning of Tschudi next year with last December's share placing not helping either creating an overhang, which only has cleared recently. WTI needs to completely change its and step-up its communication strategy (where are we with Tschudi?, where is an updated presentation on the website?, what has happened to CAF?, what is the plan at Central Operations?, what is the impact of exchange rate movements on Tschudi?, etc.). A very easy approach to improving sentiment would be some directors buying the shares, something that should be forefront on the company's mind. The next quarterly production update for WTI in mid-April could be one of the last opportunities to address the numerous issues and I do hope that WTI spends lot of time on the message put out to the market and management's prime focus should be on how to improve the bombed-out sentiment in WTI. A simple statement as we have had before that Tschudi is progressing well and that Central Operations is still underperforming, but will do better next quarter simply will not do. I do hope we get a conference call as well as we have had for the last two quarterly updates where WTI can be pushed a bit harder than before by its shareholders.
pedro57: What is the board's view on the recent trading pattern of WTI? We have had almost 30m of shares traded in the last three weeks with almost all of them buy orders with hardly any positive impact on the share price. In the last three weeks the shares on offer over has always been large at 500K – 1,000K. Following the 1m buy order that was filled today the shares on offer has stepped down markedly at 150K for the first time in a long time. Is my view sensible that the 35.7m placing of shares in December has put a lid on the WTI share price, most likely because these shares were placed with institutions with a short investment horizon that have now mostly been sold following the 25% increase in the share price in one month? Once this overhang clears do people agree that there could be a rapid step-up in the share price because clearly somebody is buying heavily?
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