Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Didn't think she wore any? Who on here spent ages trying to stop the video tape just at the right moment on basic instinct?
It picks up again when the US market opens - looking strong again now.
going up & down like sharon stone knickers
Agreed, Boffin. If today's sell-off of WTI is based on anything related to Pembridge, this is certainly a mistake. The value and importance of WTI's investment in Pembridge are absolutely miniscule in relation to WTI's ownership of Tschudi, Central Ops, Kitumba and Berg Aukas. WTI's business model is very straightforward and easily understood. Given that Orion's support is very strong and reliable, the future performance of WTI depends almost entirely on 3 factors alone: (i) The price of copper (ii) Production volumes and costs at Tschudi (iii) Progress with the 'development pipeline' (Central Ops, Kitumba and Berg Aukas), including future production and costs at these mines. F.
More buys than sells and yet were down, but look at the spread only 2.22. The lowest I've seen it for a long time
From technical analysis I read, I think copper is reaching a technical break out point. If it keeps rising we could see new highs. What is it today about $7,200, so not far off already.
Yes, the ubiquitous red metal is looking good. IMO it is likely to break through the December high (about $7,300/ton) before the end of February.
Copper up again today. Long term view on Copper still looking positive.
Answer depends what your asking
in one simple sentence will that affect wti ?performance for short time?
What happened is unfortunately more complicated and made so partly by naming issues. There was CAR plc , which was the AIM listed entity. CAR plc had a wholely owned subsidiary called CAR Namibia which was the entity which actually owned Berg Aukas. To effect the RTO CAR Namibia (and thus Berg Aukas) was given as an in specie dividend to the original shareholders of CAR PLC ( WTI had 25%) thus turning CAR Namibia into a privately held entity. The other part of the deal was the issuing of a large number of shares in CAR plc to dilute out the original owners. WTI went from 25% down to 2.6% in CAR plc. This was then finally restructured and renamed as Pembridge resources. There is another item in the annual report on p4 under the heading Project Development Review. which reads "In December 2016, AIM-listed China Africa Resources plc underwent a substantial restructure, the end result of which is that Weatherly now directly owns 25% of China Africa Resources Namibia Limited, a private Namibian company and holder of the Berg Aukas zinc-lead-vanadium development project in Namibia. Weatherly also now holds 2.6% of LSE-listed Pembridge Resources plc (formerly AIM-listed China Africa Resources plc)." I spoke to Keith Ellis at the time about this as I felt it was very poorly explained and communicated to shareholders. We had essentially given up a share in an AIM listed company, which was at least in principle a negotiable asset for a privately held asset where WTI were in a weak minority position. As it has now turned out I needn't have worried but I still think it was poorly handled and explained at the time.
I knows it�s not much, because of dilution from Pembridge Resources, but here�s a thing , the placing will be offered to existing share holders , so maybe they will take the offer , increase there holding . Pembridge Resources are raising the money debt free. Buying a mine in production , instant revenue , I trust the board to do the right thing , Gla
Haven�t seen any announcements saying they have sold , RNS 11 December 2017 07:00 Weatherly International Page 57 , 16.Investments , value at 2.5p a share was 187000$ Note 2 As at 30 June 2016 Weatherly International plc owned 25% of Pembridge Resources plc (Pembridge), previously called China Africa Resources plc, an AIM listed mining company and accounted for its investment as an associated company. During the year Pembridge Resources plc issued shares which diluted Weatherly�s percentage shareholding to an extent that the company is now classified simply as an investment and is valued based on Pembridge�s share value at 30 June 2017, 2.5p per share.
WTI was certainly awarded shares when the Berg Aukas project was spun out of CAR ( as Pembridge used to be called) via a kind of reverse takeover mechanism. Essentially the people that wanted CAR for its stock exchange listing agreed that the then owners would get the sole significant asset, Berg Aukas, as an in specie dividend plus a small percentage holding in the residual CAR as a non cash fee. Berg Aukas thus became a privately held asset largely between WTI and a Chinese company. The Chinese entity that had as a result a 65% holding in Berg Aukas (until WTI bought it a couple of weeks ago) are still listed as a significant shareholder in Pembridge but WTI's holding is now under 3% and is thus not declarable (unless they were to have some kind of board membership).
Weatherly may have a % stake in pembridge but just not enough to be notifiable which is usually above 3%
Wti haven’t got any shares there
Mark Lancaster 18,813,656 8.4% East China Exploration 15,000,000 6.7% Gati Al-Jebouri 12,500,000 5.6% Hargreaves Lansdown Asset Management 11,384,168 5.1% Darren Hazelwood 9,670,288 4.32% Directors' shareholding 9,506,917 4.2% Grant Stevens 7,032,163 3.1%Pem
Not positive, (so do not quote me ) wti have a 2.6 percent stake in Pembridge Resources, http://www.valuethemarkets.com/index.php/2018/02/15/pembridge-resources-rewards-patience-37-5m-canadian-copper-gold-silver-mine-acquisition-pere/
Oops forgot this http://www.valuethemarkets.com/index.php/2018/02/15/pembridge-resources-rewards-patience-37-5m-canadian-copper-gold-silver-mine-acquisition-pere/
How many shares do wti have in Pembridge Resources, I can get the site to work properly , Looking good there too ,
What’s happening here gone to red now ?
Copper on the move rising the 4th day in a row to 3.23
Can someone humour me, what's the psychology of delaying a trade when the MM obviously knows its happened and adjusts the prices immediately? I noticed the trades around 9am were all buys, then the price starts dropping which could be indicative of delayed sells though have yet to see any significant 9.00am-9.10am sells coming through.
Yeah forget about transformational growth, let’s discuss the weather....lol
So far this year the rain has been well under normal for much of Namibia. So much so that one of the major agricultural shows may be called off. A bit more rain is forecast for the next month but so far nothing major.