Wti Oil Etc Discussion Threads

[billthebank] 02/5/2018 10:00

Put something similar up but may add this?

[tidy 2] 02/5/2018 09:51

Bill post that on lse. Good points.

[shirley83] 02/5/2018 09:50

Wait for the bid.. 1p+ who knows

[mreasygoing] 02/5/2018 09:49

What will happen to the share price when an actual bid comes in ?

[billthebank] 02/5/2018 09:39

Was getting excited this morning as I thought I was going to be able to sell at break even but wasnt available. Ah well still in and have topped up to achieve the unexpected!!! Still possible here. A lot of activity here today and could well end up from here i hope. Long term holder. Recognise Orion holding and with the POC rising and expectations there higher then their could quite easily be an interested buyer. TBH a copper price 20% higher than today would make Weatherly very attractive At present POC is $7K/tonne and a rise to 8.4K with C1 costs at $5.4K and 17k tonnes/ annum we have $50M profit a year. Weatherly is valued at £20M presently. This could be a really good play for a company with the funds. Of course weatherly isnt just a one trip pony. Anyway all this conjecture means nothing. Lets see how the next few weeks pan out or even today for that matter?

[michaelsadvfn] 02/5/2018 09:29

michaelsadvfn - 25 Nov 2015 - 08:48:42 - 14252 of 15728 Weatherly - Pure Copper Play - WTI
Well done Prof!!
lmfao...

Professor Smelgy - 22 Dec'10 - 22:04 - 4571 of 6917
............I have been topping up quietly today, and have purchased an additional 500,000 at under 11p.
To add to the 2.5m purchased in tranches last week. I hold 3m.

Professor Smelgy - 12 Jan'11 - 11:39 - 5352 of 6917
............by the way went in for a further 50,000 this morning.
Now holding just over 3.2m.

[shirley83] 02/5/2018 09:17

Offer.. No wonder it's rising so much

[augustusgloop] 02/5/2018 09:15

If anybody wants to boost the share price - like was done today with the disclosure of an offer.

Just write an official letter to their head office making an offer to buy the Company.

Offer $500 and say that you are willing to take on $500 of their debt.
And ask for anonymity.

They are legally obliged to take the offer seriously (as long as they can confirm that you have sufficient funds) and release a form like the one issued today.

[mattjos] 02/5/2018 09:11

over 500m shares traded in the last 5 trading sessions ... big churn and would be easy for a buyer to take a good sized stake, relatively unnoticed until such time as they declare

[zen12] 02/5/2018 09:00

Best to admit you got in wrong and walk, by sulking here you just embarrass yourself gl

[shapido] 02/5/2018 08:58

Don't be greedy guys, wait for written evidence of what is going on. At the moment is all speculation and u are at the mercy of potential pump and dump lot.

[jimmyhoffa262] 02/5/2018 08:56

Down it goes as reality sinks in

[augustusgloop] 02/5/2018 08:55

kitumba was up for $5m - and nobody wants it.

Who will pay 30 times that amount for WTI?

[augustusgloop] 02/5/2018 08:54

As of 31st Dec 2017

WTI had $144.6 million of current liabilities (loans and trade debts) - all due to be paid BEFORE 30th June 2018.

So the first $144.6m of any offer goes to pay these.

Then the bankers and lawyers take their cut.
Then there's any local taxes that might have to be paid on sale of assets.

Clearly not going to be anything for shareholders here.

Who would pay in excess of $150m for loss-making mines?

[shirley83] 02/5/2018 08:39

Hoffman always late..

[jimmyhoffa262] 02/5/2018 08:37

Crazy people buying now

[jimmyhoffa262] 02/5/2018 08:36

This is due to tank againToo much debt company will go bust

[jimmyhoffa262] 02/5/2018 08:36

Shirley what is your basis for thatBet you didn't even understand today's rns you muppet

[shirley83] 02/5/2018 08:34

Offer likely to be multiples of this price

[augustusgloop] 02/5/2018 08:33

So somebody made an offer.

Can't see why this has had such a big impact.

Many of these indebted companies get bought for £1 (plus taking on a portion of the debt) - leaves shareholders with nothing!

[billthebank] 02/5/2018 08:23

At last break even 0.4 for this long termer.

[mreasygoing] 02/5/2018 08:23

I'll be happy with 3p.

[letmepass] 02/5/2018 08:15

The way this is going they could get 5p

[billthebank] 02/5/2018 08:12

Letmepass.Long termers need a lot more than 1p!!!

[babbler] 02/5/2018 08:11

Some nicely spiked... Again...