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
  +0.00p +0.00% 0.30p 0.25p 0.35p 0.30p 0.30p 0.30p 600,000 07:59:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 47.9 -8.0 -0.7 - 3.18

Weatherly International (WTI) Latest News

More Weatherly International News
Weatherly International Takeover Rumours

Weatherly International (WTI) Share Charts

1 Year Weatherly International Chart

1 Year Weatherly International Chart

1 Month Weatherly International Chart

1 Month Weatherly International Chart

Intraday Weatherly International Chart

Intraday Weatherly International Chart

Weatherly International (WTI) Discussions and Chat

Weatherly International Forums and Chat

Date Time Title Posts
21/7/201714:18Weatherly - Pure Copper Play14,851
11/11/201608:43Weatherly International WTI in production4
14/4/201112:29The Return of the Weatherly320

Add a New Thread

Weatherly International (WTI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Weatherly International trades in real-time

Weatherly International (WTI) Top Chat Posts

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 0.30p.
Weatherly has a 4 week average price of 0.28p and a 12 week average price of 0.28p.
The 1 year high share price is 1.43p while the 1 year low share price is currently 0.23p.
There are currently 1,060,803,192 shares in issue and the average daily traded volume is 315,703 shares. The market capitalisation of Weatherly is £3,182,409.58.
sh1984: I think he should be holding more shares right now today - As of today the CEO only owns 0.46% of company's share capital.. Even with all those options, assuming the company manages to get to the prices at the times concerned, the new CEO will own around 10million shares and get him up to 1% of market capital. To put into perspective the old CEO who is nowhere to be seen owns 28million shares. So in essence Rod Webster gains more from future share price increases than the current CEO for the mess which he created.
leedskier: Craig Thomas has been appointed as Chief Executive Officer and has joined the Board of Directors of Weatherly. Mr Thomas holds 4,842,105 ordinary shares in Weatherly representing approximately 0.5 per cent. of the Company's issued share capital. In addition, Mr Thomas holds 4.8 million options of which 2.0 million are fully vested and exercisable at a price of 3.2p until August 2020, and 2.8 million vest over a 3 year period on meeting certain performance criteria and will be exercisable at a price of 3.38p until October 2024. hTTp:// --- Do you not think that those options with strike prices which are multiples of the current share price provide sufficient incentive?
sh1984: Filling their boots - yet the share price is down? explain that one...... More buys than sells and the share price is down 15% - what does the market tell you....... market says not happy with results!! could be so much better, given price of copper - all other copper miners have risen in past 2 months. Still a lot more to do and the BoD need to step up and deliver, fed up of all the excuses!
jp2011: This could be a great opportunity but for two issues; Working capital required to support 2,500 tonnes. Production costs are $10m but if they manage the cash cycle then working capital will be $2-5m? For sake of argument they need $3m for working capital, where does this come from; a) potentially shareholders but you need a decent share price first or we all get diluted. b) Orion lends more money - possible but unlikely (Libor +9% is hardly attractive)or c) out of retained earnings, problem is WTI are so far underwater on the repayments that Orion will have a sweep on any excess cash. The next repayment date is Feb and its likely to be missed. Orion are making money from their $5000/t call option and without their support WTI would be toast. What's really required is a sustained period at $6,000/t from May17 onwards (the call option finishes in May) and hopefully WTI won't have too much hedging in place.
sh1984: Just need to be patient, the leverage of WTI on copper price is massive, have a look at the last slide on the investor presentation on WTI's web site... hxxp:// This will rise, look at performance, share price a month ago was 0.4p and it was up to 1p this week, just be patient and this will multibag.
casapinos: A note of caution. No need to nit pick the figures they are approx for illustration. WTI owes Orion over $100mill, about $8 mill due by feb 2017 and thereafter scheduled repayments of nearly $7 mill per quarter in 13 payments from feb 2017 to feb 2020.To meet that schedule they need to produce and sell around 4000 tons per quarter at >$5500. In light of recent price action that looks more likely than it has done for some time but it depends on hitting production targets and prices staying at or above current levels or some intelligent hedging at current levels. The plus side is that Orion have been reasonable over rescheduling debt -obviously as they own a quarter of the company and have a $100 mill liability there is no point in them bankrupting the company, so there is no likelihood of imminent collapse. If recently announced plans are successful and the recovery in copper prices hold then 3 YEARS from now WTI will be earning >$25mill per annum and be debt free, with a share price of 5-10 times the current one but you may have to wait .
pedro57: Over 49m shares traded and the largest share price riser in the UK markets on Friday that is quite an achievement for WTI. I guess there are many new shareholders so I am giving a recap on why I own a large amount of WTI shares. This company is essentially a hugely geared play on copper prices. I see copper prices higher by the end of the year leading to significant uplift in WTI’s operating profitability and share price (in uplift I mean multiples). The historic mines Central Operations have been a mess, which is what has bombed out sentiment in WTI and the share price up until yesterday. Going forward however it is all about the Tschudi mine. Yesterday’s announcement that Tschudi will produce its first copper in February was a major positive development (previous guidance was for 2Q15). Tschudi is an open-pit mine with an annual production of 17,000 tons of copper. The company has guided to life of mine cash cost (C1) of US$4,226/t, but this was based on an exchange rate of NAD/USD of 10.5 (currently the rate is 11.65 so more than 10% lower) so cash costs will be lower. It is important to highlight Tschudi is profitable even at today’s bombed out copper prices. Tschudi is a big asset (investment almost $100m) yet WTI’s market cap is <$20m. There has been overdone negativity given the underperformance of existing mines, but as stated before Tschudi is what is important. What is key for me is that there is a lot of institutional shareholder support, which is not the case for most AIM listed miners. We have Orion providing the financing (you would not provide this level of financing without seeing merits of the project); Legal & General owning 12.9% of WTI, Logiman (engineering group helping to get Tschudi off the ground) own 12%, Polo Resources 7.1%, Blackrock 6.6% and Christopher Chambers (well regarded investor) 4.3%. L&G, Logiman, Polo and Chambers have all bought shares at 2.925p in the recent placing. If these investors were willing to buy shares at that level it makes the current share price at roughly half this level a steal. In February there will be two important catalysts Polo have the option to buy ~52m shares (additional 6.7% stake in company) at 2.925p before 7 Feb 2015. If Polo exercise this option it will help sentiment as people will argue if Polo are willing to pay 2.925p for shares they should trade be trading at this level. The second catalyst is the actual announcement from WTI that copper has been produced, which will happen later in the month. This will continue to go higher we were pushing toward 4p only back in November. WTI’s market cap is tiny, this stock is now on the map and free-float is small it will not take a lot for the shares to be trading at its true value. Hold tight the next weeks will be exciting…
pedro57: I listened into the WTI conference call today on April's quarterly production update. There were around twenty participants on the call. The key highlights were: 1) WTI will publish an update on the Tschudi Feasibility study prepared independently. This update should be published sometime in May. This could actually be an interesting catalyst given the almost 25% decline in the USD/ZAR exchange rate since the original study was released in 2012, which should help project economics considerably. 2) On CAF the CEO stated that they are very close to finalising the pre-feasiblity study with talks on the last of the four minerals close to completion. After the approval of the CAF board the pre-feasiblity study will be published and CEO saw the study likely to be relatively positive. The delay in the published CAF pre-feasibility study has been annoying (timing has slipped three times), but if all four minerals (zinc, lead, silver, vanadium oxide) mined in Berg Aukas could be reflected at market prices in study it would increase economics of project considerably. With recent bullish commentary around zinc production dropping strongly in the future and lack of quoted zinc companies CAF remains very interesting (Berg Aukas zinc ore grade at 17%) given low market cap and a lot of infrastructure already in place. 3) I have put Central Operations further down the key highlights given that it is so hard to trust management with its related outlook having disappointed so often. The CEO stated that following recent initiatives bringing operations in-house, buying new equipment (60% complete) and move away from pillar mining at Otjihase it will eventually hit stated production targets and that by the end of the year (3-6 months) production levels will be close to 1,750 tons of copper per quarter (7,000 tons annually) with C1 costs below $5,000/ton (all-in costs $5,000-5,500). In my view nobody trusts management on Central Operations and market will want at least 1 – 2 quarterly updates where this outlook is at least somewhat supported. 4) Minor points of interest are that Tschudi is seen as producing copper in 11 months (so less than one year away) and that the project has been progressing faster than expected and below budget. CEO stated that new equipment has and will be predominantly leased with option to buy after one year (this made me more relaxed as it implies cash balance will suffer less as little capex outlay needed for sorting out Central Operations until Tschudi produces copper). All in all we are back to the same quandary, which is at what point will WTI share price reflect Tschudi prospects, where recent news-flows has been rather positive (update on Tschudi Feasibility study next month could be very interesting), and look through Central Operations issues, where once again this was a disappointing quarter. Near-term CAF pre-feasibility update could also be interesting. I continue to believe WTI shares are significantly undervalued and will continue to build out my position.
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?
Weatherly International share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20170724 14:51:07