Lofty45Posts: 903
Off Topic
| Opinion: | No Opinion |
| Price: | 4.25 |
sp
25 Mar '13
back down 8%...give us a flippin break ffs.
HanserPosts: 37
Off Topic
| Opinion: | No Opinion |
| Price: | 4.63 |
Lofty
24 Mar '13
Fair question. I am invested. Half empty/half full - well that depends. Currently, I don't rate WTI for the reasons I have previously expounded, but the market has these factored into the SP. There is some upside but there are a number of challenges before we start to realise the benefits of Tschudi. Market confidence is fragile and short term. Easily lost and difficult to win back. Rod needs to prove to the market that the Central Ops can achieve its target tonnages and unit costs quarter on quarter, and that the business has the wherewithal to carry itself and the Old Matchless investment project through to Tschudi production.
Lofty45Posts: 903
Question
| Opinion: | No Opinion |
| Price: | 4.63 |
Hanser
24 Mar '13
Must admit Hanser, you do come across as one of those 'glass half empty' types. Do you actually invest here and if so why if your prognosis is so negative?
HanserPosts: 37
Off Topic
| Opinion: | No Opinion |
| Price: | 4.63 |
Lofty
24 Mar '13
But is the current SP silly? WTI needs cash, copper at the current market price of $7,600/T leaves the current set up at or near break even yet there is a load of investment to fund Old Matchless, pre production Tschudi etc. Sure Tschudi has value but the market also factors in the risk/uncertainty around the next 18 months. Perhaps a market cap of £25M is not that unrealistic.
Lofty45Posts: 903
Answer
| Opinion: | No Opinion |
| Price: | 4.63 |
Hanser
23 Mar '13
Chin-up though, we can only hope as the present sp is just silly. Tschudi RNS must be due next week, let's see what that brings.
HanserPosts: 37
Off Topic
| Opinion: | No Opinion |
| Price: | 4.63 |
Lofty
23 Mar '13
Have to agree with you - WTI reaching double figures is about as likely as copper reaching $9k/T within 6 months as per the Goldman Sachs write up.
Lofty45Posts: 903
Observation
| Opinion: | No Opinion |
| Price: | 4.63 |
alfista
22 Mar '13
Slowly climbing back up. Not sure who's buying though, all sells showing on trades but someone must be taking advantage of this sp in anticipation of the next RNS's. Double digits on positive news would be lovely but a tad optimistic in the short term I'm afraid....would love to be proven wrong.
ATB.
alfistaPosts: 9,833
Off Topic
| Opinion: | No Opinion |
| Price: | 4.63 |
better
22 Mar '13
Positive movement this week, but needs to see double figures before it impresses me. News on finance package has to surface soon.
alfistaPosts: 9,833
Off Topic
| Opinion: | No Opinion |
| Price: | 4.38 |
sp
20 Mar '13
Copper at $9k/t would make existing production very much more profitable. Dont forget we should be getting news of the due diligence on the finance package any time around now.