Wti Oil Etc Discussion Threads

[the deacon] 26/4/2018 09:26

spooky, if that reply is for me the point is don't get greedy. I've read plenty of posts saying they were in much lower than I, held all the way up and have now sold at a loss. To me, that's just stupidly greedy.

[barnetpeter] 26/4/2018 09:18

Had a punt at just over 21. Orion won’t let this collapse in my view. Not without looking around for a buyer. Gambling money only

[shawzie] 26/4/2018 09:09

"Over US$20m of repayments are due by 31 March 2018 and it is unlikely that the Group
will generate sufficient surplus cash to meet the revised loan repayments schedule and the Group’s and parent company’s ability to continue as a going concern will be dependent on Orion’s continued support, of which there is no certainty."
If the company is liquidated are the assets worth 2p per share?

[barnetpeter] 26/4/2018 09:02

Been out before and recovered. A punt at 0.22? If loans pushed back to 2020 on pit 5 return? Gambling money only...

[spooky] 26/4/2018 09:02

The risks were clear when you bought them too, so it sounds as though you are not very good at following your own advice.

[augustusgloop] 26/4/2018 09:01

leedskier 17 Feb '18 - 11:29 - 15491 of 15678
0 0 0
augustusgloop as you were bashing this, no doubt on instructions from the troll farm, when the share price was half what it is now, why should anyone take note of your posts now?

-------------

Perhaps because it would have saved them from an 80% loss in 10 weeks

Would you like to update that post?

[the deacon] 26/4/2018 08:59

Dumped mine at just over 2p having bought around 1p. Risks were clear for those who chose to do some research and not simply follow others blindly into a share. Even so, after such a stellar rise as this one has seen, all should have derisked somewhat. Best of luck to those that have lost on this one. Maybe it'll be an opportunity to learn and adjust your risk management.

[volsung] 26/4/2018 08:57

Someone switch off the lights

[spawny100] 26/4/2018 08:35

Commiserations to all still here. I'm relieved I dumped all mine at a loss around 0.7 as something didn't feel right.

[mrpiggy] 26/4/2018 08:24

Sorry snickerdog, I didn't read your full post.... I now see you have 3mill. Hope it all works out for you.

[fangorn2] 26/4/2018 08:10

Augustus nailed this one.

Onto the next disaster that will be OMI surely.

[failedqs] 26/4/2018 08:08

Currently 0.25 to sell - this is 0.25p more that they will be worth by the time the process is concluded, Orion will scoop the lot and shareholders will be wiped out.Shame - could have been a good company but drowned in their own debt.

[fozzie] 26/4/2018 08:05

How did I buy this at 3p two months ago?

[induna123] 26/4/2018 07:59

How did this get to 3p less than two months ago?

[ernestsyngen] 26/4/2018 07:55

BUSTED FLUSH

[snickerdog] 26/4/2018 07:54

Mr Piggy yes I still hold loads of ARS. Best Mining story on AIM (as far as developers go) in my opinion. Sheer quality and potential to build a billion dollar business. Very robust economics WTI was a super high risk play I did well and hoped for more. I do very much believe that the copper price will move significantly but whether this is enough for WTI I don't know :(I have 3m WTI shares...

[augustusgloop] 26/4/2018 07:28

Nobody but Orion is going to buy this.

Unless Orion don't want it and are willing to take a big haircut on their debt.

If you have a car that you paid £100k for and loans totalling £120k - who would buy your car off you for enough to pay the loans and give you some money left?

The WTI assets are loss making -- nobody's going to pay over the odds for them.

[waterloo01] 26/4/2018 06:29

Can't say you weren't warned that something like this would be the outcome. There is no value for shareholders.

[stav5001] 25/4/2018 17:30

When WTI can make existing assets pay, THEN they qualify to look at other assets.

I remember when this was 14P, does anyone at WTI!

Do they care?

[volsung] 25/4/2018 16:01

Its not PC to hold ARS these days

[mrpiggy] 25/4/2018 12:10

Watching this one out of morbid curiosity snickerdog and saw you on the bulletin board, do you still hold ARS?

[volsung] 24/4/2018 16:19

Sorry I should have said 'dank squid'

[volsung] 24/4/2018 14:41

Well hello boys! This is certainly a damp squid. Avoid like the plaque

[thevaluehunter] 24/4/2018 13:24

I agree they need to focus on driving efficiencies in the current operation rather than buying new assets. 16000 tonnes with copper at $10k should mean they are able to pay down the debt in very short order. Just need the copper price to get there.