Wti Oil Etc Discussion Threads

[113mike] 16/2/2015 14:09

We'll previously rns'said it could be transformational news for shareholders! Might be good...might be bad ...keeping fingers x that its good and whe're not stitched up! GLA!

[danieldruff2] 16/2/2015 14:08

It's been all too obvious that the company is unviable at current copper prices. That's what reluctantly caused me to sell. I suspect Blackrock formed a similar opinion with the steady stream of 1 million plus sells going through in the last couple of weeks.

Polo could rescue this as they have enough cash to do it and solve its many problems, but are they brave enough to step up?

[leedskier] 16/2/2015 14:06

A dual listing in South Africa would require an EGM, but that could have been announced pre market.

I go with Polo take-over. I thought might be the case when they didn't take up their placement rights.

Why take up those rights when it buy the whole company at 2.5p a share?

[ashbox] 16/2/2015 14:03

If it is a takeover by Polo or another AIM toddler then for sure it will be confetti and not cash!!

[danieldruff2] 16/2/2015 13:59

It cannot be a fundraising at these levels.
Place your bets:

I go for

1 - Polo takeover
2 - Central Ops closed
3 - First Tschudi production

Any other possibles?

[dhymeri] 16/2/2015 13:58

Experience of WTI tells me it's unlikely to be good news.

[mattjos] 16/2/2015 13:54

probably yet another fundraising to finance the next gamechanger

[iconista] 16/2/2015 13:53

They probably failed to get their paperwork in on time

[danieldruff2] 16/2/2015 13:52

Hmm, now I'm wishing I hadn't sold up, perhaps Polo are going to take them out after all...

[fangorn2] 16/2/2015 13:51

Whatever it is its very material.

Production news would surely be very welcome,but its pencilled in surely,no that significant to warrant a suspension.

Plenty of alternatives as to what it could be.

[jdwag] 16/2/2015 13:48

They haven't run out of cash, they had $10m only 6 weeks ago FFS. Production News is my bet. Would love a Takeover though.

JD

[dhymeri] 16/2/2015 13:46

Is that likely when they had $10m in the bank last month? Has to be a takeover

[leedskier] 16/2/2015 13:46

That is why the share price has been nailed down. The buyer gets it really cheap as it is on cusp of production.

[iconista] 16/2/2015 13:46

Now we just wait for the other shoe to drop. Bang goes my retirement.

[oregano] 16/2/2015 13:45

either that or they have run out of money.

[leedskier] 16/2/2015 13:42

Cheap take over.

[fangorn2] 16/2/2015 13:36

Guess 1st production might not be coming after all???

TEMPORARY SUSPENSION OF TRADING ON AIM

WEATHERLY INTERNATIONAL PLC

At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 16/02/2015 1.35pm, pending an announcement.

ORDINARY SHARES OF 0.5P EACH, FULLY PAID (B15PVN6) (GB00B15PVN63)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 3440 6800.

This information is provided by RNS

The company news service from the London Stock Exchange

[johnwise] 16/2/2015 10:32

Shanghai copper price climbs as shorts leave before holidays

[dixi] 13/2/2015 13:21

Yes a no-brainer so long as nothing goes wrong or breaks down. Here's hoping :-)

[johnwise] 13/2/2015 13:03

February 13, 2015 - 12:28 GMT

MINING INDABA 2015: Tschudi copper mine a game-changer for Weatherly – Webster

[johnwise] 13/2/2015 07:52

Copper surplus in doubt: BHP to lose 60,000-70,000 Tonnes copper output from Olympic Dam mine


The outlook for global copper supply in 2015 continues to weaken, with BHP's Olympic Dam mine in South Australia the latest to confirm cuts to production.

BHP confirmed on Friday that the biggest of the three mills at Olympic Dam would be out of service for six months, meaning copper production would be reduced by between 60,000 to 70,000 tonnes this year.

The loss was caused by a recent electrical fault, which damaged an important piece of equipment in the mill.

The cuts could represent more than 30 per cent of the mine's expected output, with Olympic Dam producing 184,400 tonnes of copper cathode in the 2014 financial year.

To Read more:

[johnwise] 12/2/2015 08:11

Copper rises by 0.1% on spot market demand

Participants enlarged positions on rising demand in the domestic spot markets and a firm trend overseas