Wti Oil Etc Discussion Threads

[waterloo01] 01/6/2018 08:06

The writing has been on the wall (end of RNS's) for well over 12 months. I doubt many PI's still held significant holdings given it's end was very well flagged.

[sclper] 01/6/2018 07:59

RIP
I hope most shareholders managed to get out before today with some of their capital intact. I took a look at WTI earlier in the year and didn't think it was much longer for this world, especially when the water ingress was revealed.

Full credit to Augustus for his warnings - I hope some took heed. I remember him from the JLP board although he doesn't seem to post there any more.

[superg1] 01/6/2018 07:37

Just spotted the news and this share. I read the last 100 or so posts.

Well done Augustus, you did your best to warn PIs about the obvious impending doom. I note your comments about experience of lying companies. I'm quite vocal about that when I find them, so good to see someone else that puts the hours in to uncover the deceit on the AIM.

No pleasure in PIs losing cash, its obviously over here with any holdings now worthless.

[mreasygoing] 31/5/2018 12:20

You've seen Dracula haven't you.

[abbotslynn] 31/5/2018 11:59

Where have all the flowers goneSorry typo Buyers goneLong time passing

[augustusgloop] 29/5/2018 11:08

Perhaps paying top dollar to bring old worn out mines into loss-making production wasn't such a good business plan after all.

[mattjos] 22/5/2018 16:33

fwiw, the Jan 2004 Gap was filled with this mornings drop

[billthebank] 22/5/2018 15:21

mreasygoing It seems perfectly reasonable to me. Yeah it was squeaky bum time this morning and I was annoyed I coudnt buy when I wanted but the news did not sit well. The POC is recovering as is WTI share price There have been some major purchases around but tbh they have bought in at 0.2!!!

[mreasygoing] 22/5/2018 15:14

This all stinks. Bottom looking in. Lots of PI's mugged. The AIM game. Expect a sharp move up soon.

[billthebank] 22/5/2018 13:23

Who is Paul Evans?

[mreasygoing] 22/5/2018 10:27

If this was going boobs up they would have shut the mine and suspended the shares. High risk high reward. The risk has risen though.

[billthebank] 22/5/2018 10:23

For me Mally The price of Zinc at $3100 makes Berg Aukas an absolute steal and I wouldn't be surprised to see an announcement re a ring fenced operation which Orion are relaxed about and that would mean serious money for Weatherly. The POC is rising again now that the China/USA Trade war seems to have eased off. Personally i am expecting the POC to be closer to $8000 than $7000 later this year ie 3.6$/lb Currently 3.13$ Only a 20% rise and it exceeded that last year. From memory last years rise was around 25% So if it cost Weatherly $5M to sort the water issue Tschudi would still be economical never mind Central ops!!!! Interesting times at Weatherly and todays share price fall was not as bad as I was anticipating!!!

[mally6] 22/5/2018 09:45

Work to be complete nxt week so looks all good rainy season so normal.positive here is work has been done and almost complete would they bother just to shut down.positivity will be back

[mreasygoing] 22/5/2018 08:51

Bottom in.

[billthebank] 22/5/2018 08:46

Price of copper on the move 2.13$/lb and also at on the rise.Tried to buy this morning No shares available!!!

[billthebank] 22/5/2018 08:24

Well value is under £1.5M now.

The only piece of decent news was

Work has been ongoing for the last six months to upgrade the infrastructure for managing water once it is pumped outside the pit, and this work is expected to be complete in the next few weeks.

[buddugoliaeth] 22/5/2018 00:36

takeover looming?

[mreasygoing] 21/5/2018 18:57

Well it's valued at £2m. I suppose it'll be marked down tomorrow. Fun for traders again.

[dixi] 21/5/2018 18:55

Maybe RW forgot to mention it to anybody at the time!

[mreasygoing] 21/5/2018 18:31

This is symptomatic of AIM miners. I can't believe this water issue wasn't known after the feasibility study. Someone is going to buy this for a bag of chips.

[sleveen] 21/5/2018 17:27

Someone call an undertaker.

[ashbox] 21/5/2018 17:12

It never rains but it pours into Tschudi land.

[waterloo01] 21/5/2018 17:11

A final nail in the coffin both for WTI and any chance of Orion getting much of it's money back with an asset sale.