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You’ve made your point many times now, don’t get, your not invested so what the heck are you doing here and for this long! Take the afternoon off and chill!
yet again apologies for my spelling
Can’t you say that for all the stocks? We PIs are more or less always last to know - we all know this. We do our own research and make our decisions based on this. There are no guarantees with any stock and that’s why they say ‘only invest in what you can afford to lose’
When I saw the RNS this morning I was disappointed but that was only because it appeared to me that ORION had reduced their holding as I thought they held 29% of the company so had a squeaky bum moment. I have been chatting with Augustusloop on ADVFN who has knowledge of WTI and it is his belief that Orion are pushing this situation. Personally I do no at agree with this as why would they? Yes they are owed $100M but in the past they have always been supportive so why should that mood change? Possibly because when they were advised that the life if Tschudi had fallen to end of 2020 they may have wondered well how are we going to get our money back. Ah well we better buy out the company. Run Tschudi ourselves. Reap the rewards of Kutamba and Berg Aukas and milk Tschudi as hard as we can and keep our fingers crossed that the POC will rise to $8500 After all at that price we could recover most of our lending in three years? Personally I do not see that happening. Would have to be daft to sell these shares IMO at this price We all know the downside here It is Tschudi water ingress issues that have reduced the life of mine It is Orions finance The positives We await The Strategic Review Will WTI find a JV for Kitamba Will the Price of copper rise 20+% as it did in 2017? Will Berg Aukas go through As for the rest of the mothballed company How long would it take to make those profit earning if POC was worth $8K/tonne?
No-one on here knows anything about the future with 100% certainty. All just opinions. DYOR always. Folks saying this company is going down with 100% certainty are misleading people.
Why would anyone sell in panic, no situatiin is no different to what it was on April 26? Don’t recall telling anyone to sell at this level anyway, just not to believe all the rubbish the pump and dump mob were spouting! My actual sell call was at 1.5p - published article and in the public domain since back in mid-March. There will be some sort of refinancing if the company is to survive, it just depends on how good those terms are for existing holders given the situation it has ended up in (even before their latest mine problems and likely reduction in mine life, it wasn’t in a situation where it could meet loan repayments).
Yes it�s really charitable of you, except as the other posts states, those who sold at .15 this morning. Especially if funding gets sorted and it rises. Still sooo kind of you. Notramping we all know the risks.
Now 0.2/0.24 So not a conducive spread to trading this share thats for sure
Imagine those who sold out at .15 this morning due to the shire panic caused by Garyn et al. DYOR!!
Spread is 0.19/0.215 presently
I think it's commendable that you take the time to share your knowledge and wouldn't hesitate to vouch for your integrity. I've always enjoyed reading your posts/articles/tweets. BTW I don't have a position here long or short.
I wonder why the spread is so high at 46.67%. That makes it difficult for both the buyers & sellers and also fewer trades can get through!!!
Thanks - I’ve got no problem where it is simply a difference of opinion in the value of a company, and we all get it wrong (as long as you’re right more often than wrong you’ll generally do ok!). It’s the deliberate lying and misleading posts that I hate, trying to suck people in on information that the posters know to be false is just wrong! Hope you’re winning at the moment
I keep an eye on quite a few of the companies that I cover in articles - most of my own investments I don’t feel the need to comment about on chat forums as an happy just to let them run. The pump and dump crew seems to have gone very quiet on this one - scum like DegsyAlmomd etc!
I value Garyn's opinion more than 99% of posters on LSE. He's well worth listening to whether you agree or disagree.
Crazy you’re still here when not invested...one would think you’ve made your point by now - great Samaritan!
No position but would have been very profitable if I had been - doubt it’s been possible to short anyway other than very small amounts with SB companies like Spreadex. Just one I’ve followed a bit recently since covering it as a sell/avoid at 1.5p - at the time that caused a fair bit of discussion with several people I know who were holding (some with large amounts), as we were seeing it so differently! Mainly started commenting on here as didn’t like all the lies that some were telling about the OPD disclosure etc to try and pump it - same old crew who I’ve clashes with on countless shares before, they soon disappear when it drops!
Exactly bigger picture is exciting!
Good post, agree for those who believe!
Orion hold nearly a quarter of the company . The company is seeking funds to EXPAND .
Also noticed II have not reporting all these Form 8s, just one since 26/04, just one so far..
Some issues to raise: 1) The Tshudi life of mine was stated to be 11 years and I believe production commenced in 2015? The company recently said that it was assessing the life of the mine beyond 2020. The 11 years was backed by a JORC compliant study? The derampers will have you believe that the life of mine ends in 2020 which is a case of misleading investors. 2) The Kitumba acquisition was supported by Orion originally and the only issue was the extension of the long stop date due to the fact that the Mining Ministry approval had not yet come as of the back stop date. This was not WTI's fault. The mining ministry has made it a condition that the approval is conditional of transfer tax being paid by Interprid by the 18th May I believe; 3) The Kitumba acquisition was for about $4m I believe which was to be drawn down from the unused $7m facility from Orion. 4) Orion has not put any of its investee companies into administration or done any fire sales from my research over the past few days. It takes a long term view, not a short term view. I am a holder of WTI shares and continue to believe that this will all come good. I was a holder in AAL at 200p and Glencore at 60p and Kaz at 60p and Evraz at 50p. DYOR
I mentioned a couple of days ago that’s wed see some more Form 8.3s - again just standard procedure. Any party with 1% or more of the shares must make such a declaration with ten business days of a company placing itself in a bid situation. Same as that Form 8 OPD that the pump and dump gang tried to make out was something other than a standard declaration. I would suggest everyone have a quick look at the Takeover Panel rules on this so you know what the forms mean - also get an 8.5 form, which is a disclosure by an exempt principal trader (broker etc) on behalf of a client - I’ve seen people getting excited seeing an II name on those when it actually refers to a clients holding!
So appears to be opening "up" but with a massive spread....
Orion’s focus will be the loan and best way to recoup S much of that as possible - it’s shares are worth around £700k compared to around $116 million owed to it!