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Member Info for JDwag


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Member Since: Mon, 16th Jan 2012

Number of Share Chat Posts (all time): 5,619
Number of Share Chat Posts (last 30 days): 37

Last Posted: Today 10:53


Post Distribution over the last 30 days




Today 10:53

Yes, following the same pattern as April. Q2 Update W/C 11th July I would guess.

JD
Today 07:40

Important work stream ticked off, slowly getting there. Great news.

JD
Wed 13:32

Too many unknowns to gauge accurately what the C1 Costs will be, however, based on guesswork and extrapolation from the revised LoM C1 Cash Costs contained in the updates Reserve RNS of 15 Dec I am more than hopeful that there will be a noticeable fall in C1 Costs over and beyond that known.

Of course, we have no idea what ZAR / USD exchange rate was used in this assumption, however, I would hazard a guess that it is closer to the 8.72 / 1 figure the BFS uses or even the 10.5 / 1 figure the 2013 Executive Summary uses and not the current 15 / 1 actual exchange rate.

Either way we need a comprehensive operational and financial update, nothing on cash on hand or upscaling to 20k has been uttered in 6 months now, which is rather unacceptable.

JD
Tue 23:25

Interesting time coming up, Q2 update in 2/3 weeks, copper looks interesting too, lots of hope of further stimulus too.

JD
Mon 21:12

Cheers

JD
Mon 17:02

Cheers for that, well, I take your point that a deeper resource would be more expensive ultimately to mine, however, as you say, Cu Prices aren’t always going to be at USD$4,600 per tonne, so it gives scope for a prolonged LoM for Tschudi when it is throwing off free cash and the debt is paid off which the existing infrastructure in place.

JD
Sat 21:35

Is there any chance the Tschudi Reserve can be increased from that of the original reserve / resource and extend the LoM?

Taken from the Tschudi Copper Project Executive Summary:

'The strike length of the drilled mineralisation is approximately 2,500m, although it is open ended at depth and the southwest.'

Therefore the question is can WTI do a further drilling programme to the South West to further increase the reserve / resource and extend the LoM? Given that the land to the South West appears to be that owned by a WTI subsidiary or by the Ministry of Land can this be done? Or is it more complicated than that?

Obviously the reason for asking is if the LoM can be extended then the Mine and future Revenues (and returns to shareholders) becomes much more lucrative once the initial loans and debts have been paid back.

Thanks for any info.

JD
Sat 20:35

Agree, Gold 'could' easily fly in the next few weeks, a good JV update would be worth a damn site more to the SP (in the short term) than the coal news could be, great diversified company.

JD
Fri 23:00

Also, what you said was misleading, they haven't downgrades the UK! It's still AA, what they have down is change the outlook from 'stable' to 'negative' hardly an earthquake is it?

JD
Fri 22:57

Well, the rating agencies never get it wrong eh?

JD


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