Wti Oil Etc Discussion Threads

[master rsi] 06/4/2018 13:39

Is "Augustus" too ahead of time ...
... we are still at April and the Chancellor tries to give us some money today... yeah

too many negative comments from the culprit
so not one to follow some will say.

Nothing positive means all the opposite
for the ones who want to make money
at this low prices is my motto

note:
there is some P!ss taking on the post,
but it was about time some would do.

enough is enough of negativaty
the debt say it more than enough

[master rsi] 06/4/2018 13:26

Market Makers have been moving up and down the 0.70p bid, though no sells to support such a thing.
Once again bid is now at 0.70p but by Cantors (CFED), who was at offer with another one PEEL.

spread 0.70 v 0.80p
so the Level 2 has improved to 1 v 1

[gozo] 06/4/2018 12:06

Berg Aukas ProjectIn 2014, CAR published a PFS for Berg Aukas which indicated the following key parameters.-- JORC-compliant Mineral Resource Estimate of 1.23Mt @ 15.47% Zn, 3.84% Pb and 0.33% V(2) O(5) (Indicated classification) using a cut-off grade of 3.0% Zn-- JORC-compliant Ore Reserve Estimate of 1.7Mt @ 11.16% Zn, 2.76% Pb and 0.23% V(2) O(5) (Probable classification) at a 5% Zn equivalent cut-off -- Post-Tax NPV10 of US$29m -- Post-Tax IRR of 25% The 2014 PFS was based on assumed prices of US$2,000/tonne for zinc and lead. The vanadium is present in the mineral descloisite which has a limited market and the PFS assumed no credit was received for the vanadium content.Prices for all three of these commodities have improved markedly since that time, and Weatherly has initiated an update of the PFS to examine the impact of these improved prices and updated capital and operating cost estimates on the Project's key financial metrics.

[gozo] 06/4/2018 11:48

Again.....that was in a weak price environment for commodities....!!

[master rsi] 06/4/2018 10:57

From the "UPS" thread earlier 9am........

Master RSI 6 Apr '18 - 09:00 - 115 of 118
UPS
WTI 0.65p ( 0.60 - 0.70p )

Had a large drop recently and should be ready for the bounce as MMs are ready to up the prices from earlier buying. Berg Aukas alone is worth 9p some say. Coopper to outperforme gold on the future.

[fillipe] 06/4/2018 10:55

+25%, as I type.

f

[mreasygoing] 06/4/2018 10:02

Been buying more. High risk but very high rewards. When the likes of Berg Aukas are worth around 9p a share the value here being overlooked by short term uncertainty. When we see the hedges unwinding shortly revenues should react positively. Have a strong focus on Cu prices over the next 2-3 years

[blueball] 05/4/2018 18:49

Mattjos must be losing a pile.

[andy] 05/4/2018 18:03

wassapper,

How are you doing these days?

Send me a PM.

[wassapper] 05/4/2018 11:36

Well, at least the copper price is holding up. That is all to the good, but it needs to be higher.

[jimmyhoffa262] 05/4/2018 10:41

People bought yesterday thinking it was bottom only to see it tank another 25% today People today think it's hits bottomTomorrow.........same again

[mreasygoing] 05/4/2018 10:25

Hope you managed to add a few in the .50's Gloop ?

[augustusgloop] 05/4/2018 10:03

What is fair value for a company that loses £10m a year,
has a negative net asset value
and could be forced to liquidate its assets at any time by its main lender -- because it is already massively in default.

How could you pick a worse company to invest in?

[mreasygoing] 05/4/2018 09:09

Good luck. I'll be holding for a while yet. Waiting for the full value to be released over the next 3-4 years. The recent spike was a taster of the future.

[spawny100] 05/4/2018 09:04

Nothing explicitly glaring just an uncomfortable feeling that all is not well here. Might be irrational to choose to sell out like that but I've learned from experience to trust gut feeling and have a better share for short to med-term prospects at mo and needed to sell others to buy more.

[the deacon] 05/4/2018 09:02

Much better ways to play copper demand going forward. Recent news raise too many red flags. How long until Orion possibly takes this private?

[mreasygoing] 05/4/2018 09:01

What were you not impressed with ? I see no bad news. Remember AIM shares are very volatile.

[spawny100] 05/4/2018 08:52

Not too impressed with recent rns' and a bad gut feeling made sell out completely now at a fair loss. GLA.

[mreasygoing] 05/4/2018 08:46

Fresh blood hopefully with a mind on shareholder value.

[leedskier] 05/4/2018 08:04

Funnily enough I was reading a PDF presentation by WTI some three years ago.

I was very surprised to discover that there were 730 employees at the working mine. Given that mining staff in Namibia earn a lot of money, is it any wonder that the costs are so high. Incidentally much higher than in Chile.

When the Craig Thomas was promoted from COO to CEO he promised to cut costs. In fact, as I posted a year or so ago, under his watch costs increased. He plainly had been there as COO & CEO for so long he had gone "native".

The costs of running this mine have to be reduced to USD$3.5 million a MT. It has to start making sufficient profit to pay down its debt. That requires tougher "love" than Craig Thomas feels able to deliver.

[waterloo01] 05/4/2018 07:53

Can you now see the writing on the wall?

[mattjos] 04/4/2018 18:49

https://www.asx.com.au/asxpdf/20180404/pdf/43sy8fy4rjyqwf.pdf

[waterloo01] 04/4/2018 18:18

What's the pound of flesh is the question and what if anything is left for holders? As I asked the other day what would give Orion the best return?