Wti Oil Etc Discussion Threads

[augustusgloop] 16/2/2018 09:11

Interim results are due next week.

Last year they lost $11m in H1 and lost $30m in H2.

So, its anyone's guess what the loss figure will be for the 6 months to 31st Dec.

[billthebank] 16/2/2018 08:59

Filtered you as you never have a good thing to say anywhere that I have seen.All I will say is copper price continues to rise!!! Nothing else needed IMO

[augustusgloop] 16/2/2018 08:18

cyberbub,

Orion effectively own WTI.

They are behaving like they do.

WTI recently bought a mine. But did they.
WTI did not have the money for this mine - Orion did.
So the decision to buy the mine must have been made by Orion.
They could have bought it for themselves in their own name, but chose to buy it via WTI.

Billthebank -- it is highly likely that WTI are still making a loss.
Thus, they are clearly not on a PE of 5.

[gozo] 15/2/2018 22:22

https://www.google.co.uk/amp/www.proactiveinvestors.co.uk/companies/amp/media_files/8752WTI still have a small residual shareholding in Pembridge Resources.

[billthebank] 15/2/2018 10:57

Cyberbub Orion have gone on with us for a considerable length of time and they also own a stake under 30% of the company.WTI have managed to get to this stage and Orion only recently lent us another $10M on a revolving credit facility.They have also not utilised any of their hedging opportunity which they could have done.With POC in excess of Tschudi C1 costs by approx $2700/tonne and nameplate of 17000 tonnes likely thst provides profit of $46M/annum.On a PE of 5 only you can see why this share is undervalued.That of course is just on Tschudi alone!!!!!

[cyberbub] 15/2/2018 10:01

Is there not a risk with the Orion loan being un-repayable, as admitted by the company?

[billthebank] 15/2/2018 09:02

IF Logiman has finished then nothing is going to stop this share doubling from here IMO.Great to see POC consolidating. Looking forward to the Orion announcement regarding debt restructure

[maverick247] 15/2/2018 08:41

Looking really good for 3's again

[mreasygoing] 15/2/2018 08:23

I personally believe copper prices are going much higher going forward. Weaker holders will be shaken out on the dips.

[spawny100] 15/2/2018 08:16

Lovely and quiet board again so hopefully pump and dumpers exited and performing very nicely

[billthebank] 14/2/2018 17:06

Nothing gonna stop this once people wake up here.Heading for 3.3$/lb POC

[maverick247] 14/2/2018 15:35

Copper motoring

[cf456] 13/2/2018 16:31

Strong finish with plenty buyers into the close.

[mreasygoing] 13/2/2018 15:27

Copper back at $7000 pt.

[billthebank] 13/2/2018 14:18

As we have had no TR1 I am assuming that Logiman is the distressed seller. THis share is still way undervalued. IMO this share has an amazing elasticity to the POC but at present that is not evident as this seller is dampening the share price for a bit longer I reckon in the last few days over 50M shares have been sold. In December 2016 Logiman held under 10% of the company ie around 100M shares. Read into that what you will. All contributions gratefully received

[someuwin] 13/2/2018 09:07

All buys so far today...

[mattjos] 12/2/2018 19:22

Thread header updated with links to two alternate investor debate forums

[billthebank] 12/2/2018 11:07

Just imagine where this so would be with copper at4$/pound!!!

[gozo] 11/2/2018 22:26

I take it others on this board still have their unlisted shareholdings in China Africa resources Namibia china shares?...I'm guessing these will be the remaining 10% which are held by (in the main) minority shareholders

[nablus07] 11/2/2018 10:08

There were late reported trades for each of the last 3 days last week. Quite a lot had similar characteristics - being reported after 5pm; being in large blocks; and not being identified as buys or sells. They amount to 38.45m shares in total and appear to have been executed on Wednesday because the prices at which they were dealt were not available on Friday and only available briefly on Thursday and then, probably not for lots of this size.

If we make the assumption that they were sales and that they all came from the same source, it is likely to be one of the listed major shareholders (the smallest holding to qualify as ‘major’ has 27m shares). Of the major holders, there is only that has been reported as reducing its holding. If it was them, their holding is now down to 40m shares or less.

[nablus07] 11/2/2018 10:06

There were late reported trades for each of the last 3 days last week. Quite a lot had similar characteristics - being reported after 5pm; being in large blocks; and not being identified as buys or sells. They amount to 38.45m shares in total and appear to have been executed on Wednesday because the prices at which they were dealt were not available on Friday and only available briefly on Thursday and then, probably not for lots of this size.

If we make the assumption that they were sales and that they all came from the same source, it is likely to be one of the listed major shareholders (the smallest holding to qualify as ‘major’ has 27m shares). Of the major holders, there is only that has been reported as reducing its holding. If it was them, their holding is now down to 40m shares or less.

[orchestralis] 09/2/2018 22:09

Back to where we started

[dixi] 09/2/2018 19:17

Apparently Logiman failed to notify last time the sold down a chunk. So who knows?

[mreasygoing] 09/2/2018 18:57

If it was Logiman selling I would have thought an RNS will appear in the coming trading days.