Wti Oil Etc Discussion Threads

[chinese investor] 30/10/2017 08:06

Great Start !

[mreasygoing] 30/10/2017 08:05

Beautiful!

[mreasygoing] 26/10/2017 13:36

Chart is looking very interesting.

[billthebank] 24/10/2017 11:38

Here comes the seller and back down we go!!!!!

[leedskier] 24/10/2017 08:45

I would have thought that with the $10 million received from Orion that WTI had a firmer grip than a finger nail or two.

Some might think it ironic that London market makers value this company at less than that sum.

One could not buy an ageing footballer for the English premier league football for that.

[mattjos] 24/10/2017 07:53

Another fingernail onto the survival ledge?Not overly exciting but, they seem to have stabilised production. We must hope the grade figure is not the first sign of a trend reduction.Orion might consider not taking up some of the hedged production and allow them to sell open-market to secure some additional cash .. a blended approach would still see Orion do well on the deal & also see the company cash resources start to grow in readiness for debt payments.

[jp2011] 19/10/2017 15:57

C1 will still be high in Q1 due to additional stacking, there is no way round this because leach times are currently longer else wise they wouldn't have needed the recent loan. Effectively they're over stacking to get production volumes back to name plate. If I've understood the overall recovery rates remain the same but the recovery times are longer. As Bill said the medium/long term C1 costs are more important than theQ1 figure which I guess will be c5900.

[billthebank] 19/10/2017 14:40

Just re read that RNS and yes you are right! Hopefully the work they are doing in the background will bring our C1 costs back towards $5000/5200 ideally $5000

[billthebank] 19/10/2017 14:32

I agree 're costs at this level are ridiculous partic as their aim was for $5200.Perhaps I need to 're read that RNS but as far as I recall was that not exceptional?

[dixi] 19/10/2017 14:09

Last time they reported WTI stated:

"C1 costs for the quarter increased by 7% to US$6,344 per tonne".

If we get similar or worse then I suspect WTI will not endear to prospective shareholders. So to me cost matter a great deal.

[billthebank] 19/10/2017 13:21

TBH JP personally I don't really care that much re C1 costs as the price of copper is sorting everything out just fine. Long term C1 costs need to be contained though I feel. Presently even if C1 costs are circa $4500 if the POC remains at current levels then all will be well. I am expecting Q1 performance to see WTI delivering nearer 20k tonnes so if both of those materialise then $50M surplus is fine by me!!!! Of course a 15% rise in the POC would be just sensational!!!!!!

[jp2011] 19/10/2017 13:08

How do you define "costs under control" because if WTI accelerates stacking rates due to longer leach times then inevitably C1 costs will rise.

[billthebank] 19/10/2017 12:28

I guess there is a seller out there and I can only assume that it is legal and general but there is no doubt I never expected to see WTI valued at around £7M. I guess that most holders and prospective customers are fed up with false dawns and need some empirical evidence that C1 costs are now under control and with the POC @ $7000 they are able to repay Orion back. Info should come through in this respect next month

[dixi] 19/10/2017 09:37

Its self-fulfilling, it has been an excruciating wait so far. Selling seems the prudent choice right now. But will that be proven to be the case? I am sure WTI will be more than aware of the full state of affairs by now.

[billthebank] 19/10/2017 09:23

The share price perf here is sooooo disappointing as we await results so is there some bad news we are not aware of?
Perhaps the mms are just toying with the shareholders

[billthebank] 18/10/2017 08:35

You personally!!!!!!!

[mattjos] 17/10/2017 20:59

Still a very big seller here ahead of results

[billthebank] 17/10/2017 14:06

Wouldnt surprise me in the slightest to see the POC at $3.3/lb this week!!

[leedskier] 17/10/2017 07:04

* LME Copper: London copper paused for breath near three-year highs on
Tuesday as it faced headwinds from a stronger dollar, but renewed optimism over
China's economic outlook has lent support to prices. London Metal Exchange
copper eased 0.2 percent to $7,118 a tonne by 0411 GMT.

[dixi] 16/10/2017 10:03

Copper up - potential huge opportunity with WTI.... or not.... we'll know soon enough. But to some worth the gamble that all is now in place.

[leedskier] 16/10/2017 09:44

With the update due in a day or two, the trading today is interesting.

[billthebank] 12/10/2017 13:33

I understand that reasoning completely and I am not recommending not researching before jumping in but as The POC continues to rise C1 costs are fast becoming an irrelevance

[dixi] 12/10/2017 10:25

I guess there are some jitters out there regarding how WTI are actually progressing. Missing an initial price surge if all is reported as on track is probably a safer bet that taking the plunge now?

[billthebank] 12/10/2017 10:16

Another 3% rise like last week and we will be breaking $7000