banner20
12 Dec 2017
Re: RNS Very good rns not just because of the quality of the resource but because of the confidence they must have to expand at present and of course the continued backing they have from Orion
Spight
12 Dec 2017
RNS
banner20
02 Nov 2017
Re: Another AIM small african rec. Pardon?
Ripley94
01 Nov 2017
Another AIM small african rec. Onedb1 and pen having been reviewing .
banner20
25 Oct 2017
the new definition of underwhelming.... A quarterly RNS update from WTI.
kbxc
21 Oct 2017
Weatherly Update & Cu +7K Fellow WTIers. Yesterday the cash price of copper hit $7008 ton and $7115 for futures. The Weatherly quarterly update and 16-17 accounts are a little late by usual standards which probably means it is either a blessing or bad news. Using their quoted figures of C1 $5288 on 14759 tons and the hedges that cover most of the production I estimate a GP of around -$3.1M for the year on revenue of $74.9M. That probably means an overall loss of £15-16M. Given that the new hedges are between 6000 and 6500 Craig needs to hit a C1 of below $4K this quarter if they stand any chance of paying back Orion schedule B at the end of the month. Unless there are some hidden funds I can't see any way they could pay back C&D at the same time so I expect we will see some sort of deal with Orion. Weatherly needs to make $2500-$3000 per ton just to meet the B loans and admin costs. So it all rests on getting those C1 costs below $4K as has been frequently spoken about. Hopefully we will know more next week and I wish everyone good luck.
banner20
12 Sep 2017
RNS Looks like its L&G selling which has been knocking the price down.
Billthebank
31 Aug 2017
Re: Valuing Weatherly Hi yeah I did some research today, It appears to me that the $10M revolving facility will be used in part to sort Tschudi. I imagine that will take care of $2M. Once done the water problem and leaching issue will be resolved and we should be reaching 20k tonnes/annum That is circa 1700 tonnes per month. We have a 1000 tonnes on a hedged contract at approx $6000 and also Orion have a right to buy 700 tonnes again at a similar price. Ci costs Imo is another issue and personally I will be conservative here and assume $4700. Now if all that holds then that is where we are until the Spring ie a profit of circa $2.2M. or approx $6.6M Now if Ci costs are brought down by $100 then that will increase profitability by $170K. So really if WTI is going to be able to repay Orion at a pace of $10M/quarter then Ci1costs need to be $4000 Of course there are our mothballed mines and has that VAT bill ever been paid by the government? Now if POC rises to $7000 by the spring and Ci are maintained at $45 and we have no hedging to worry about or special deal for Orion then we are really talking!! $7000-4500 X 1700 = $4.25M/month Orion sorted and profits of $6M Lets call that £5M P/E 10 then we have a 6 bagger, But of course we have our mothballed mines. I bet Orion would/are interested in financing that with their chunky shareholding!!!!!
Innsightful
31 Aug 2017
Re: Top up A bit of a rollercoaster today and see someone offloaded a sizable amount in 300k and 500k chunks and drove it down to 0.65p... But soon bounced back.The news today was partially expected for those that have been around a bit but need to look at the hedge price.Inns
kbxc
27 Aug 2017
Valuing Weatherly Hi all. Now that Cu prices are exceeding $6500 what future for Weatherly? Assuming that the life of mine C1 of around $4K can be hit and mining improves to 20K PA we would see a future GP of 2-3K per ton or around $50M GP PA. There is around $110M of debt to clear and I guess about 5 years life left in the open pit once the debt is cleared. So potentially $200-250M cash NOT including Central Operations. Anyone like to have a stab at what they think the SP will be 1. if the debt repayments, production and CU stabilise, 2. Once the debt has been paid off? OR will there be a buy out with copper being scarce for the conceivable future?
banner20
24 Aug 2017
Re: Top up First time I've made money out of wti in about 6 years, here's hoping it's just the start
Innsightful
24 Aug 2017
Re: Top up Would like to say its looking good but will settle on 'looking better'.
next-time-lucky
22 Aug 2017
Re: Top up Well here's hoping, Polo resources needs 3p to just make a profit. Your target would be very pleasing!!
banner20
22 Aug 2017
Top up Just topped up with 260,000 of these, new average 8p. Let's hope for the best!
banner20
21 Aug 2017
Re: Historic moments ! Well Done John......for Making it too 88!The time period I was speaking about was in 2011, if you look at the chart, you,ll see it goes from just over 2p to 14p in a very short time. It's when the mine came out of care and maintenance and they sold the smelter to Dundee
