Wti Oil Etc Discussion Threads

[happyholder123] 09/9/2017 10:35

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[leedskier] 08/9/2017 12:35

Buy Volume 5,210,098 Trade Low 0.80
Sell Volume 1,266,371 Trade High 0.99
? Volume 0 VWAP 0.00
Total Volume 6,476,469


Today seems to be a case of

" We have a client who wants to buy WTI in volume, what can you do them for?".

"Would 0.9p suit?"

"very nicely".

[leedskier] 07/9/2017 01:14

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?

[mattjos] 06/9/2017 23:36

Don't be daft & misleading to new investors! there has been huge equity dilution & debt loading since .. that is a nonsense comparator to use & you know it.Copper is at a price where they will now seriously consider re-opening Matchless but, they must first focus on C1 costs at Tschudli. Until they get C1 under $5,000 at Tschudi, this is merely a speculation & nothing more.We must await guidance from the company & a continued willingness to play along from Orion

[stav5001] 06/9/2017 23:24

It was seriously higher still, if you go back a bit further.

[leedskier] 06/9/2017 07:52

when copper was at current price levels in 2014, the share price was approaching 4x the current price.

[billthebank] 06/9/2017 07:28

just another 10% rise in the next 6 months and we are really booming!!!

[leedskier] 06/9/2017 07:22

December delivery is now above $7K a MT.

[billthebank] 05/9/2017 08:01

7000 getting real close $140M tonnes of copper per annum

[billthebank] 04/9/2017 16:35

$2.5 to $3.1 inside 4 months!!!! This is going to be amazing if Copper keeps on rising in price like this

[billthebank] 04/9/2017 11:15

can you imagine where this share might be if the POC is 3.5$/ lb in the spring

[basquinth] 03/9/2017 19:03

You can spread your shorts with chicken stock!

[blackbear] 02/9/2017 15:02

You can short this stock with Spreadex.

[billthebank] 31/8/2017 12:14

Did quite a bit of research this morning and the way I see it we now have only two hedges in place and each one has also a currency hedge attached and those are the two mentioned in todays RNS. In addition to those we also have 700 tonnes available to Orion on a right to buy @ $6000/tonne as an arrangement fee for the $10M facility which will be used for working capital purposes. This in the main is to be used to sort out Tschudi leaching and water problems and I guess lift our production to 20000 tonnes /annum ie 1700 tonnes/month so revenue fully accounted for and POC is for the short term an irrelevance Well until the hedging deal is finalised next spring. Bottom line as long as Tschudi issue is now sorted and C1 costs are contained within $4700 we will be receiving 1700X1300 APPROX £2M/month. Not sure why Weatherly and more importantly Orion have entered into that as how are they going to pay their debts. I must be missing something

[mreasygoing] 31/8/2017 09:09

Bought as many as I could this morning. Copper !!!

[billthebank] 31/8/2017 09:05

Another great tick up in the POC.

[billthebank] 31/8/2017 09:02

They did say not so long ago that increasing nameplate production to 20k tonnes at tschudi required an investment of slightly over one mill if my memory serves me right? It appears the extra funding from Orion will ensure this is done.

[jp2011] 31/8/2017 08:50

Bill: not sure the copper price is the right question. They have multiple payments all due at once which are impossible to meet. The most important thing at the moment is getting production back to or exceeding nameplate (the inference from today's rns is production will move to 20,000). Then a fundamental redesign of the contract terms is needed.

[waterloo01] 31/8/2017 08:43

I'll stop posting on this and leave you all to it, but if Orion didn't extend the repayment deadline (again) they wouldn't see any of their money back. WTI have to pay them over $30m by end November on production they cannot make money on as it's either contracted to Orion or hedged at a price lower than the production costs based on last numbers. WTI will see no benefit from copper price rises as it stands on over 1700 tonnes

[billthebank] 31/8/2017 08:38

anyone contacted the company to find out at what price copper had to rise to do that we can honour the Orion loan payments? The question one has to ask is why has Orion lent a further 10M to STU if they are not confident in its ability to pay this back

[billthebank] 31/8/2017 08:37

anyone contacted the company to find out at what price copper had to rise to do that we can honour the Orion loan payments? The question one has to ask is why has Orion lent a further 10M to STU if they are not confident in its ability to pay this back