Spight
25 Jul 2017
Re: Rise today Posted on Advfn not my postVery high volume today compared to the norm....update due I believe on Thursday. Probably just a reaction to copper price rise but anything to improve share price is welcome!!
Johnsevtwo
25 Jul 2017
Rise today Does anyone know why the spurt in buying ? So unlike them.
Innsightful
07 Apr 2017
Re: RNS - Rain effected output its certainly weathering our stock value!!See you in another quarter.....Inns
Johandesilva
06 Apr 2017
RNS - Rain effected output After so many years of following this stock we finally justify the name of Weatherly!
kbxc
28 Feb 2017
A Realistic Assessment of Where we are AllI have spent some time looking at the prospects for WTI since the interim results. I think my conclusions are realistic but they do assume that progress is at least the same as Q2in H2 if not a little better. I am also assuming that the comment of C1 costs being $4600 for the remainder of the year is just a conservative view based on H1 and will be exceeded by $3-400 (if not then there is another potential gremlin in there). So, my estimate for H2 is 9,500 Cu at a sale price of $50.4M (based on the 2 hedges plus 2.6K at $6K) and a COS of $39.9M. Assuming there are no other strange costs like CAF in H1 that should lead to a profit for the half of $4.6M and a loss for the year of $5.4. If all the water troubles are behind us and the Cu price stays between 5.5K and 6.5K (Most analysts are predicting this) then in Q1 17/18 we should see a much more valuable company. Back to the present we also have to satisfy the cash and loan position. Assuming the $8.7M cash is there and Orion are being nice about when they take their hedge of 700/M (3500) at $5000 then there should be about $19M of cash available in H2. That should sort the $16M C+D+B1 but not B2 due in May and most likely B3 due in August. However, to date Orion have been reasonable and I wouldn’t expect them to pull the plug when things are getting better. I suspect we won’t see the debt on track until Q3/4 17/18. I also think we could see a curved ball. At the current Cu price and with things sorted Weatherly has got to be worth a punt by Orion or someone they are talking to (they have the assets up for sale). I am sure most of the big holders would sell at 2-3p as most bought at 2p. Unless there is something they are not telling us I really expect an offer at around 3p sometime soon. It all depends on those Chilean miners & Trump keeping the Cu above $6K so please brothers OUT!
amalthaea
23 Feb 2017
Re: Why the drop? ...but the figures show a potential profit of $8M/qtr, and that's assuming the current copper price. So $16M banked before any payout in April, and an extension time to pay to boot.What's not to like (OK, interest, maybe). So much flexibility added. No one is preventing an early pay-off.
Johandesilva
23 Feb 2017
Re: Why the drop? Nothing new for me other than the Otjihase and Matchless option - I never liked those deadly assets. Foreign exchange gain hit will continue to gain into Q1 of this year easily offset by the copper price rise. The 5.6 million pounds worth of VAT should come in time and this makes up more than half the market cap.I don't think I will get my fathers 12p back that I tipped him but as always with WTI time is the issue and the killer of value because we are a higher cost producer.
SuperBobTaylor
23 Feb 2017
Why the drop? Why the big drop? Thought the 2 RNS this morning were positive. Am I missing something?SBT
Johandesilva
21 Feb 2017
Re: Gearing to copper Wonder how much they need. Can't be that much given the scale going forward. Wonga?I tempted to buy back in but would also happily buy after the funding be it for more money.
SuperBobTaylor
15 Feb 2017
Re: Gearing to copper Sorry yes I was quoting from the latest report "full financial year C1 costs are now expected to be increased to approximately US$4,600 per tonne."I see now that Q4 numbers are "US$4,222 per tonne".If the VAT question is aimed at me, no idea. SBT
charlieeee
15 Feb 2017
Re: Gearing to copper Profit is not the issue currently.It is surplus cash and for the figures given last Q, where C1 costs are stated to be $4200 (and not the $4600 which you are incorrectly quoting elsewhere) that should have generated a contribution.What is your take on the VAT outstanding, or do you believe that repayment is still withheld?There obviously are options and it is to be hoped that the BOD are looking at all avenues to improve the balance sheet (they could take a leaf out of Lavendeira's book of financing initiatives, such as not paying creditors and pipeline financing or perhaps look for a loophole to try and avoid paying altogether or just deferring until payment is convenient).
SuperBobTaylor
14 Feb 2017
Re: Gearing to copper Amalthea, There is both hedging AND an off take deal with Orion. There will be no profit this FY. Let's see what happens later this month when some of the loans are due.SBT
amalthaea
14 Feb 2017
Re: Gearing to copper Johandesilva,"Weatherly has previously advised that if copper prices remain at current levels it is unlikely that the Company and its subsidiaries will generate sufficient surplus cash to meet all loan repayments when due. This remains the case and the Company continues to positively engage with Orion on the subject. " See my figures below. The RNS was posted before the jump to over $2.75/lb. It also expresses from the point of view of the "hedged" price being much lower than even the price at that time.For some reason, SuperBob didn't understand that I was already counting in the "hedged" price. Even allowing for that, WTI should pay back $10m by the end of this financial year. And now the price of copper is rapidly approaching $2.8/lb!Projections from the global electric car market show a rise in demand for copper (up to 6%). Meanwhile the biggest producers of copper are the subject of industrial action. Finally, and most importantly, they are producing copper (this is not a speculation of a resource in the ground). At current projections, they should pay off over half of the debt with profit by the end of 2018 financial year. Every month while we still have the hedging is a profit of roughly $2m; every month after the end of the financial year is a profit of roughly $4m.Compare the SP now with the SP at $2.8/lb when it was on the way down. It is currently 50% lower.And if this reaches $3/lb...It is only a ramp if you are talking up the prospects. I'm not talking the prospects up, I'm telling it as it is. Let me be clear, if the copper price falls below $2.4/lb all this changes again and we go back to the long slow pay off of debt.
charlieeee
11 Feb 2017
Re: Gearing to copper It must be a given in any negotiations with Orion that further hedging will take place at current prices, probably sufficient to cover quarterly repayments: that would be the prudent path on going.What we do not know is how much, if any, WTI are able to pay off re the amounts falling due at the end of the month and so much does depend on the costs in the last couple of months.It certainly is a very high risk high reward play and much will depend on whether Orion want to rock the boat, particularly if this is part of the Orion portfolio which is currently up for sale.Personally, even at this market cap, I would have been happy to see some equity raised, if that strengthened our negotiating powers with Orion.What are the possibilities of some pipeline financing, just to get us over this hump?
Johandesilva
10 Feb 2017
Re: Gearing to copper I presume this is the reason why this is not 2p..."Weatherly has previously advised that if copper prices remain at current levels it is unlikely that the Company and its subsidiaries will generate sufficient surplus cash to meet all loan repayments when due. This remains the case and the Company continues to positively engage with Orion on the subject. " Anyone have any views on this?
