price of copper Weatherly have suddenly come back on the radar as copper price nears 5k . This so called basket case is no longer so condemned because we have aCEO who knows what he is doing and a mine who has produced in the lowest quartile on costs...fact. Despite a massive loan overhang with Orion (who appear understanding) the momentum here seems compelling since we operate an open pit with costs of production in a downward curve ie oil price and exchange rates , while copper is raising its head again. This company is priced to fall.. I think not hence my recent purchases.BR.
Bloomberg - Global Stocks Advance With Copper on China Stimulus Speculation [link]
RNS Extremely positive Half Year report, and well done to all concerned but did we really need to have it pointed out that the continued support of Orion Finance is not a certainty. Talk about taking the edge off things.
It moves again 1.4p coming. (Softly, softly, catchee monkey).(In answer to "why?" take a look at the copper price.)
Re: Excellent News Today "the analyst believes there is a potential upside of 806.3% from the opening price"I wonder if that so-called analyst feels a little foolish now. As he hawks copies of The Big Issue.
info [link]
Tschudi production achievement Very difficult to be optimistic in today's sickening commodities situation but after all the difficulties WTI have encountered I think that they are to be congratulated on the success that they are making of Tschudi now.Like others who have been involved for a number of years I am currently losing a small fortune through remaining with them through thick and thin. I fully recognise that my chances of ever getting square are non-existent but at least the company are giving some cause for hope if the world could ever sort itself out.Nearer home I think it would be helpful if Orchard Gate could do the same or just push off completely !
Re: Next step Next step knackers yard, surely?
Next step Orion call in debt and as it can't be paid - they take over the company. See Arian Silver.
Re: fraud eh! Not sure the alleged fraud has anything to do with how this share trades. It trades as it does because it's an almost bust micro cap commodities dog.
fraud eh! can't say I'm surprised...there's been something iffy about the way this share has been traded for years, especially close to RNS releases.
Re: Excellent News Today Oh - I'm very aware of how far this has fallen. When people say its 'good news', it is, when compared to the possible winding up of the company. To paraphrase and contextualise Charlie Chaplin's view on optimism - ''You'll never see a rainbow if you're looking down - a copper mine''Hope everyone has a Happy Christmas and may all your stocks be heading northwards in 2016...Inns
Re: Excellent News Today It's still down 85% this year and 80% lower than the price at which it issued new shares earlier in the year. If people see this as "good news" they must have very rose tinted glasses.
Re: Excellent News Today It is good news and extends another life line to WTI. The market is positive and no doubt some short-termers will make a good return on the news. Sadly for us long-term investors, this has a massive way to go and is all reliant upon the copper price. Inns
Excellent News Today There is life in this old dog still. Some expensive new money but a stay on loan repayments. A chance to ramp up production, reduce costs and hopefully hopefully copper prices might rebound next year. Should see a strong bounce today.