Johnsevtwo
25 Apr 2016
Love your enthusiasm but..... I have been here a long time and are not used to pleasant surprises. Nevertheless I sincerely hope your enthusiasm is well rewarded which is the same for me as wishing myself "all the best". If only I had sold my large holding at 15p with copper at $10,000 a ton years ago I would not have had such an impoverished old age. Still it certainly appears to be going the right way for now, so long as the world doesn't stand on it's head againPS ,I am not quite in penury though !,
barno99
25 Apr 2016
Outlook with higher prices .. Weatherly International reports quarterly production of 4,442 tonnes of copper cathode at its Tschudi copper asset in Namibia - 4% above its nameplate rate of 17,000 tonnes per annum.C1 costs for Tschudi for the quarter were US$3,429 per tonne, remaining well below guidance of US$4,250-4,350 per tonne for the current financial year.Prices received for the quarter averaged US$4,742 per tonne and planned June quarter production has been pre-sold at US$4,912 per tonne.Every $ 10 rise should equate to a clear profit of $44,000 a quarterEvery $100 should equate to $1.6 million profit extra a year. So if the price goes to $ 6000 that's $16 million a year extra profit.I'm sure that's all correct and would be a massive massive boost..
barno99
25 Apr 2016
Re: Copper price rising fast Copper rising again and heading to $6k a ton imo.It's at $5031 and rising steadily ..Every dollar rise is great for weatherly although they are hedged at $4900 for the next quarter and still good news.. I expect the next hedge to be in the $52-300 area.
barno99
22 Apr 2016
Re: Copper price rising fast Sailed through $5000 a ton today. Should be able to hedge the June onwards contract at way above $5 k mark and with production costs dropping all the time it bodes well here.
barno99
21 Apr 2016
Copper price rising fast With copper about to go over $5000 a ton and with weatherly hedged safely at $4900 for the next quarter we have defiantly turned a corner.. If it went to 6k a ton this could easily be a multi bagged.. And fast.. Outlook seems hugely better with drastically lowered production costs that are still falling.. Very happy for now !!
barno99
18 Apr 2016
Re: Weatherly Outlook [link] outlook and prospects. A shift in price in copper and Wetherley will look very reasonable to Buy..1.2p is the latest broker forecast and I have to agree...Solid punt!!
kbxc
16 Apr 2016
Re: Weatherly Outlook Update. Looking again at the accounts I think the 2015 picture will be £4-5M adverse so £10-12 loss due to the cost of finance. As I'm not sure how the short term trance C-D will be handled which could impact things. If there are any accountants out there it would be great to see a view on that projected fro the H1 results. However, the key metric is the GP being above the level needed to repay the debt and expenses. After that reducing debt and a nice loss to write off against tax will make Weatherly very attractive especially if the Cu price goes in the direction most analysts are predicting. I would certainly set a few alerts on this one.
kbxc
16 Apr 2016
Weatherly Outlook Hello all, it has been a while since I posted here and on my board due to illness in the family and there being little point while the company was trying to turn a corner in desperate times. I have retained my approximate 1% stake in Weatherly and gone to shareholder meetings, met Craig and the folks from Orion. Here is my view on where we are: Firstly, but for the grace of Orion we would not be here! Those of us that have held on are very lucky that Orion bought in. Clearly they haven't done this because they are nice people. They have eyes on £M profits for their rich shareholders! BUT they saved our asses for now. Thank you. We are not out of the woods yet by a long way but the Q3 results make me feel very optimistic. After that its down to how the Cu price holds out and Craig managing to maintain costs and production. Given they have hedged Q4 production and assuming no greater exceptionals from central operations, I estimate a 2015 loss of £5-7M which under the circumstances will be very positive. GP for H2 should be approximately £12.5M. Assumming 17-20K Cu production, a maintained GP of $1.5-1.7K should keep the wolf at bay. Above £5K should see a very healthy company. A huge well done to Craig for such a great effort in getting production and costs under control.
Vosene
15 Apr 2016
Re: Outlook and share price to earnings Hi barno,You are forgetting that C1 cash costs are not the same as the costs of running the whole company. There is the cost of running the London office (circa $1 million) and other costs that you have to add on. Realistically you have to add maybe 500-1000 dollars to the C1 figure to get an accurate idea of overall company cost. Working out what that is for WTI is virtually impossible at the moment with no real prior year comparison possible.For the sake of producing a number lets say that total cost is $4000 therefore yearly profit of $12 million out of which debt payments have to be made. What is left over after debt payment? Can't easily find the answer to that one...
forwardloop
15 Apr 2016
info [link]
barno99
14 Apr 2016
Outlook and share price to earnings I believe I got one of the figures wrong in the last post so I will have another go., please correct me if I'm wrong..According to the latest results and forecast from the company this is how I see it..Jan-March $4350 tons produced at $ 4732 s ton with production costs of $3429 a ton = $6.213 million profit.,.Projected April to June with guaranteed fixed price of $4912 per tonAssuming the same production cost would equate to $6.302 million profit.With a current market cap of just £7.3 million this surely has one way to go now production costs are being kept low and the price achieved for product fixed at a good rate..Buy for Me!!!
barno99
14 Apr 2016
Outlook and share price to earnings According to the latest results and forecast from the company this is how I see it..Jan-March $4742 tons produced.with production costs of $3429 a ton = $6.213 million profit.,.Projected April to June with guaranteed fixed price of $4250Assuming the same production cost would equate to $6.302 million profit.With a current market cap of just £7.3 million this surely has one way to go now production costs are being kept low and the price achieved for product fixed at a good rate..Buy for Me!!!
Hugh Betcher
14 Apr 2016
Re: Positive results I'm unbiased but you're having a pop at a poster who warned against investing in the share when it was fundraising at 2p so he was right wasn't he? With bid 65% below that price. Common sense.
johnsmith545
14 Apr 2016
Correction *Orchard GATE's - damn that predictive text! 
johnsmith545
14 Apr 2016
Positive results Obviously still a long way to go for many invested in WTI, including myself, but this is exactly the right way to be heading. But where is Orchard Gayes comments!? No praise for the companies efforts!? No positive comments for a positive set of results!? Ohhhh noooooo.......its just the belittling and abuse of posters, and the negatives for him. Even though he claims to be otherwise.
